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USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

CABLE
CABLE: Cable trades around unchanged levels ~$1.3175. Tuesday saw focus on the
upside continue, largely on the back of phases of broader USD weakness, as
opposed to outright GBP strength, with the rate ultimately finishing unchanged,
there or thereabouts, after a brief foray above $1.3200 in reaction to the
latest FOMC MonPol decision/statement.
- The latest set of Brexit headlines are less than favourable for UK PM May. The
Times has reported that "senior ministers are increasingly worried that the
prime minister will stick to her promise to force a no-deal Brexit if Europe
rejects her plan again next month." Elsewhere RTRS sources indicated that EU
officials are increasingly uneasy re: the prospects of a Brexit deal.
- French President Macron has stated that those who promoted Brexit "just lied,"
with BBG reports noting that he would welcome the UK back into the EU.
- Bulls continue to target a close above $1.3200 after Tuesday's close above the
100-DMA. A break would allow them to look to the 38.2% retracement level of the
2018 range ($1.3317). Bears need to breach Tuesday's low ($1.3097).
- BoE's Carney & Haldane will speak Thurs, BoE's Ramsden will speak on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com