Trial now
USDCAD TECHS

Watching The 50-Day EMA

AUDUSD TECHS

Bearish Focus

MONTH-END EXTENSIONS

Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

EURJPY TECHS

Consolidation Mode

EMFX finds little relief after.....>

EMERGING MARKETS
EMERGING MARKETS: EMFX finds little relief after Friday farms report
-BRL traded poorly throughout the Monday session, with USD/BRL bulls eyeing a
break above 4.20 in the near-term. Central bank policy remains the focus, with
the minutes release due tomorrow and the inflation report projections on
September 26th on the docket.
-The likes of PLN and HUF also took beating on Eurozone PMI figures, which fell
well below forecast. Clear signs of economic weakness in key trading partners
France and Germany helped keep EUR/PLN bid, which came well within range of YTD
highs at 4.3995.
-Elsewhere, CNH continues to circle Friday lows, with markets seeing little
relief despite reports suggesting the cancellation of a Chinese trade mission to
US farms was unrelated to ongoing negotiations. Focus remains on the
face-to-face talks due to resume in the second half of November.
-Tuesday's session remains central bank focused, with the Brazilian central bank
minutes and the National Bank of Hungary rate decision due. Hungary are expected
to opt for unchanged rates at 0.90%.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com