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Awaiting US PCE

  • Cross assets are fairly steady, across Equities, Govies and rate markets.
  • Early notable move in FX was in the Yen, paring overnight gains, but the USD remains mixed against G10s and the majors.
  • For the EUR, NOK is today the best early performer in G10, after the NOK fell and EURNOK tested a new 2yr and 3 Months high yesterday, printing a 10.8442, just ahead of the next resistance at 10.8782.
  • Small support in EURNOK is seen at 10.75.
  • AUDUSD continues to make an attempt at the January high at 0.7137 this morning, also the highest print since 9th June, so far printed a 0.7128 high.

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