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Antipodeans Paring Early Losses

FOREX

AUD and NZD are firming from session lows after risk off flows this morning sparked by concerns on US regional banks saw risk assets pressured. E-minis and Oil are both paring losses and US Tsy futures are ticking away from session highs.

  • AUD/USD prints at $0.6655/60, the pair is down ~0.1%. Support has been seen at $0.6640 with pre RBA lows remaining intact for now.
  • Kiwi is also paring losses, NZD/USD sits at $0.6220/25 having been down as much as 0.4% before support was seen ahead of $0.62. March Building Permits rose 7.0% M/M.
  • Yen is firmer, USD/JPY is down ~0.2%. Wednesday's lows have been breached and we sit a touch above the 20-Day EMA (¥134.40) with the 50-Day EMA (¥133.81) providing the next level of support.
  • Cross asset wise; E-minis are ~0.2% lower having been down as much as 0.5% after briefly breaking the 50-Day EMA. WTI futures are down ~1% recovering from their early 7% fall. BBDXY is down ~0.2%.
  • Trade Balance from Australia and Caixin Manufacturing PMI provide the highlight in Asia-Pac. Further out we have the latest monetary policy decision from the ECB.
Energy BulletsCommodities
Energy BulletsCommodities

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