Swiss Franc's selloff is a major focus in the forex markets today, in particular, as it breaks through a key support level against Sterling. The development somewhat drags down the Euro too. The Pound and Dollar are currently the stronger ones while commodity currencies are mixed. Stock markets are stabilizing with rebounds from Asia to US futures. Gold and WTI oil continue sideway trading. But Silver steals the show with strong upside acceleration. Technically, USD/CHF's break of 0.8925 resistance is a bullish signal and focus will turn to EUR/USD. Break there will solidify some near term bearishness and extend the correction from 1.2348. EUR/GBP might be giving a hand in pressing the Euro down. But it needs to breaks through 0.8799 projection support to build up downside momentum. At the same, we'll see if Gold could finally break through 1874.88 resistance to extend the corrective recovery from 1810.07. In Europe, currently, FTSE is up 1.21%. DAX is up 1.47%. CAC is up 1.40%. Germany 10-year yield is up 0.0055 at -0.509. Earlier in Asia, Nikkei rose 1.55%. Hong Kong HSI rose 2.15%. China Shanghai SSE rose 0.64%. Singapore Strait Times dropped -0.21%. Japan 10-year JGB yield rose 0.0036 to 0.061. | 