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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

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AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

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WTI & Brent futures sit ~$0.30 below their respective settlement levels after Thursday saw the benchmarks shed ~$0.90 & ~$1.20 apiece. Both metrics operate comfortably above their respective Thursday lows.

  • To recap, the initial cooling in the bid in U.S. equities allowed crude to ease from best levels on Thursday, before a firmer USD came to the fore, adding fresh pressure even as equities recovered from lows. Most attributed at least some of the move to a little bit of exhaustion after the recent rally to fresh cycle highs. Note that the move in U.S. breakevens may have aided crude's recovery from lows late in the day.