The financial markets are trading with a risk-on mood today. Major European indexes are trading up while US futures also point to higher open. Commodity currencies are trading generally higher, as led by Aussie. Meanwhile, Dollar is leading Yen and Euro lower. Sterling and Swiss Franc are mixed for now, trading a bit on the soft side. Technically, Gold's retreat from 1794.68 is so far very shallow. Further rally is expected as long as 1754.14 support holds. Break of 1794.68 will target 38.2% retracement of 2070.06 to 1680.83 at 1829.51. When that happens, it might be accompanied by another selloff in Dollar. In Europe, at the time of writing, FTSE is up 0.64%. DAX is up 0.95%. CAC is up 1.06%. Germany 10-year yield is down -0.0365 at 0.919. Earlier in Asia, Nikkei rose 0.26%. Hong Kong HSI dropped -0.77%. China Shanghai SSE rose 0.31%. Singapore Strait Times dropped -0.36%. Japan 10-year JGB yield rose 0.0152 to 0.178. | 