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AUSSIE BONDS

Flattening Extends

JPY

Liquidity Sapped By Local Holiday

AUD

AUD Edges Lower After Volatile Wednesday

JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE BONDS

U.S. Tsys Help Futures To Twist Flatten Overnight

US TSYS

Post-FOMC Twist Flattening

Awaiting Brexit Saga Finale

GBP

GBP/USD has added a further 35 pips after rallying Wednesday on the back of rumours that the UK & EU have moved close to clinching a Brexit deal. Cable sits at $1.3528 as we type.

  • The recent round of tweets from UK reporters suggested that negotiators are still ironing out some final differences and talks are expected to continue through the night, with a deal due to be announced in the London morning, possibly around 7am.
  • Lawmakers from both the UK & EU are prepared to hold emergency sessions to vote the deal through before the year-end. The Telegraph reported that Labour leader Starmer will likely ask his shadow cabinet to back the deal.
  • A move through Dec 23 high of $1.3571 would shift bullish focus to Dec 17 high of $1.3624. On the downside, a retreat under Dec 21 low of $1.3188 would open up Dec 11 low of $1.3135.
  • With no UK data releases left this week, focus will fall squarely on Brexit/Covid-19 matters.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com