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BRENT TECHS

(X1) Heading North

EQUITY TECHS

E-MINI S&P (Z1): Holding Above The 50-Day EMA

UK DATA

Retail sales due at 7:00BST

FOREX
FOREX: An FT source story suggesting that "top U.S. & Chinese officials have
resolved most of the issues standing in the way of a deal to end their
long-running trade dispute" has bolstered risk appetite, even as the story noted
that the two parties remain divided on the key issues of U.S. tariffs on China &
enforcement mechanisms. As a result, AUD has extended gains registered on the
back of strong AU retail sales and trade balance prints, topping the G10 pile.
- JPY crosses have tracked fluctuations in risk sentiment, but USD/JPY has
remained in a ~30 pip range. JPY underperforms its G10 peers at typing.
- USD/CAD made a 10 pip round trip following trade comments from U.S. President
Trump, who called for USMCA ratification & lashed out at Canada's trade
advantage. The rate then slid into negative territory as risk appetite has
revived.
- Focus today turns to global composite & services PMIs (with Caixin data from
China coming up within ~45 mins), U.S. ADP employment change & EZ retail sales.
Fed's Bostic, George and Barkin will speak on one panel, ahead of addresses from
their Fed colleague Kashkari and ECB's de Cos.