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Cable test the 1.2500 handle

FOREX
  • The Dollar started the European session flat against G10s, but has since lost some ground, after taking its cue from the Risk On tone, some follow through after Data missed expectations yesterday for Equities.
  • The drift lower in Gilt weighted by the supply and the Weaker Dollar has helped the Pound to be the best performer against the Greenback in G10s, and testing the 1.2500 handle at typing.
  • Next resistance in Cable comes at 1.2555 2.0% 10-dma envelope.
  • AUD is still the red, despite the risk on tone and the offered Dollar, with the Currency in the red after the RBA kept their rate unchanged, which was widely expected.
  • The Yen is also in the red, as the USDJPY test the 133.00 handle, led by higher Yields.
  • Looking ahead, on the data front sees, US Factory order, JOLTS, final Durable Goods.
  • Speakers include, ECB Centeno, BoE Pill, Tenreyro, Fed Cook, Collins, Mester.
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