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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Approaching Major Support

US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

FOREX
FOREX: -As Europe digested the Fed decision, the USD gained further, looking to
close above the 100-dma (94.640) for the first time since December 2017. The
move got a helping hand from further strong US data as Wholesale Inventories and
Durable Goods Orders both beat expectations. Underlying support was also
provided by rising US 10y yields, which continue to pullback following losses
Wednesday.
-CHF suffered throughout the session, partly as USD/CHF was driven through the
200-dma and as global equities climbed further. The S&P500 came within just 0.5%
of alltime highs.
-AUD and NZD suffered alongside worsening metals prices. The strengthening USD
pressed spot gold lower by over 1% at some points of the session, despite crude
oil grinding higher (and sparing CAD and NOK from similar losses).
-Tokyo CPI and industrial production in Japan, German unemployment numbers,
Eurozone CPI Estimate, Canadian GDP and MNI Chicago PMI are the calendar
highlights alongside speeches from Fed's Barkin and Williams, BoE's Ramsden and
ECB's Praet.