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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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  • Weakness in the dollar (DXY -0.65%) prompting fresh session highs for cable at 1.3982. May be a stretch for today but worth highlighting the cluster off highs just above 1.40, consistently failing to close above the psychological level.
  • Clearing resistance at 1.4009 would reinstate a technically bullish theme.
  • The strength is underpinned by what Prime Minister Johnson is celebrating as "very encouraging" early results in a crucial set of British elections – following the ruling Tory party winning the high-profile town of Hartlepool.
  • Labour party head Keir Starmer has described the election results as `bitterly disappointing'.
  • Additionally Bloomberg now reporting *Two-thirds of U.K. adults have had first covid-19 vaccine dose.