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A busy start for the week

FOREX
  • It's all about the Dollar, with the currency once again in the green across the board, against all the majors.
  • Price action has been a continuation from the Hawkish Fed Powell on Friday, pushing Yield higher, and Equities lower.
  • The Greenback leads against the Yen, but the pair is off its best level at the time of typing.
  • Yen is the worst performer across the board, but USDJPY failed to break 139.00, printed a 139.00 high, and now trading at 138.61 at the time of typing.
  • The EUR is fairing better, still holding above 0.9900 in EURUSD, printed a 0.9914 low.
  • Overall the EUR is up against all G10, besides the USD (down 0.12%).
  • The Pound is in the red in G10s on a UK bank holiday weekend, flat versus the Yen, and Cable continues to drift to its lowest level since 25/03/20.
  • Next support in GBPUSD will be seen at 1.1600 (round number), so far printed a 1.1649 low this morning.
  • Looking ahead, there's no tier 1 data for today, but it is a packed week for data this week, starting as of tomorrow and ending with US NFP and AHE on Friday.
  • Speakers for today, includes ECB Lane and Fed Brainard.
Energy BulletsCommodities
Energy BulletsCommodities

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