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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

CABLE
CABLE: Cable recovered off Monday's low of $1.2831 to $1.2911 as PM May outlined
her plan B to lawmakers, which saw little changes from plan A but struck a
positive note re: negotiations with EU leaders in the coming weeks., before it
settled around $1.2890 into the close. Early Asia saw press reports Labour Party
leader Corbyn backing a Commons vote that could result in a second Brexit
referendum. Elsewhere, up to 40 gov't ministers are said to have threatened
their resignations if they are forbidden to support a backbench amendment
formally blocking a no-deal Brexit. Early Asia took cable to a high of $1.2900
before it drifted lower through the session. Risk was bruised on reports that
the US had informed Canada of plans to extradite the Huawei CFO, which added to
the corrective pullback weight. Rate found support ahead of $1.2870 ahead of
Europe but fresh sales into Europe has pressed rate down to $1.2860 with risk
aversion remaining to the fore. Next support seen around $1.2850 ahead of
$1.2830. 
- UK labour mkt data comes out Tuesday, but Brexit matters remain the key
driver.