Risk aversion seems to have eased a bit today, with recoveries seen in European markets and US futures. Yen and Dollar have both turned into sideway consolidations. But no clear support is seen in Aussie and New Zealand, as both remain under pressured. Meanwhile, Swiss Franc and Canadian Dollar are taking the lead and strengthen broadly. But overall, traders are rather cautious as a wave of central bank announcements will start tomorrow. Technically, GBP/CHF finally takes out 1.2656 support firmly today, which indicates completion of the rebound from 1.2467. The rejection by 1.2790 resistance retains near term bearishness and GBP/CHF would now be targeting 1.2467 low. Meanwhile, EUR/CHF is also pressing 1.0837 support and firm break there will align the outlook that rebound from 1.0694 has completed. EUR/CHF could then target a retest on 1.0694 low. In Europe, at the time of writing, FTSE is up 1.13%. DAX is up 1.44%. CAC is up 1.39%. Germany 10-year yield is down -0.017 to -0.335. Earlier in Asia, Nikkei dropped -2.17%. Hong Kong HSI rose 0.51%. Singapore Strait Times rose 0.71%. Japan 10-year JGB yield dropped -0.0101 to 0.040. China was on holiday. | 