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All the action is in FX

CROSS ASSET
  • All the action is in FX: USD finds another bid, at session high against EUR, GBP, NOK, SEK, CAD, CHF, TWD, MYR, SGD. THB, INR, MXN.
  • Cable support is at 1.2495 61.8% retracement of the Mar 2020 - Jan 21 bull leg
  • EURUSD now eye 1.0577 2.0% 10-dma envelope.
  • Russia Duma speaker, backs Gas cuts for other unfriendly states.
  • Risk is reversing the earlier Bounce, with Estoxx leading the way back to session low.
  • Bond are seeing some safe haven play.

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