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Bullish Outlook

AUDUSD TECHS

Trend Needle Still Points South

US

US-ASEAN Summit Concludes

CANADA

Risk-On Sentiment Dominates

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FOREX
FOREX: After a relatively quiet start to the U.S. session on Thursday, momentum
picked up on a break through session lows for USD/JPY, prompted by a poor
showing from U.S. equities & a strong day for Treasuries.
- Lower Tsys yields allowed the JPY to gain, with EUR/JPY printing the lowest
levels observed since September (sub Y129.00), as Italian & Spanish fiscal
worries added additional pressure to the cross.
- EUR was lower on the day on the aforementioned fiscal issues, while GBP
struggled on the back of the latest bout of Brexit impasse.
- The Scandis were the underperformers, with SEK & NOK both dented by souring
sentiment via. poor commodities prices.
- Focus Friday turns to Chinese GDP, Japanese CPI, UK PSNB figures, as well as
Canadian CPI & retail sales. Elsewhere BOJ's Kuroda, Fed's Bostic & Kaplan and
BoE's Carney are also due to speak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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