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AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

US EURODLR OPTIONS

Midcurve Puts, Scale Seller

USDJPY TECHS

Support Remains Exposed

CHINA

Is The Entire Real Estate Market Under Threat?

AUSSIE
AUSSIE: AUD/USD last trades at the session high of $0.7107, 36 pips higher on
the day. The Aussie jumped to the top of the G10 pile, propped up by strong
regional data releases and revived optimism re: Sino-U.S. trade talks, although
AUD/USD ebbed lower initially.
- Subsequent release of Australian trade balance and retail sales put a fresh
bid into the pair, as trade surplus rose to A$4.801bn, the highest level on
record, vs. a forecasted decline to A$3.700bn, while retail sales accelerated to
+0.8% M/M, also topping expectations.
- The pair then extended gains on the back of an FT source story, which stated
that the U.S. and China "have resolved most of the issues standing in the way of
a [trade] deal," albeit adding that some sticking points remain.
- Strong Caixin services and composite PMIs from China further boosted AUD/USD.
The services gauge touched its best levels since Jan 2018.
- A move through the down trendline from Jan 31 at $0.7125 would draw bullish
attention to Monday's high of $0.7132. Conversely, bears look for a return below
the $0.7100 mark before challenging the 21-DMA at $0.7085, breached overnight.