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USDCAD TECHS

Bear Leg Extends

AUDUSD TECHS

Northbound

ARGENTINA

August Economic Activity Rises 1.1% M/m

CHINA STOCKS
CHINA STOCKS: Chinese stocks are rebounding after a weak start, with local
stocks flat on the day. The CSI 300 has bounced off support at 3,510, just above
the July 16 high. With this level holding, the focus full turn to the 3,600
which the bulls will need to allow the rally from the July 6 lows to continue. 
- While the daily correlation between stocks and FX remains positive, the stocks
continue to outperform with the weaker yuan providing fundamental support to
stocks in local currency terms.