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Equities remain heavy

CROSS ASSET
  • AUD, although off the lows against the USD, remains the worst performer versus the latter, down 1.04% at present.
  • AUDUSD tested lowest level since 15/06/20, and next support will be seen at 0.6777.
  • Risk off Tone, with recession at the forefront, is keeping the USD bid.
  • JPY is the only currency in G10 that trades in the green against the Dollar, acting as a safer haven.
  • Equities, are hovering close to yesterday lows, printed 3741.25 for Emini (3746.5 low today).
  • Estoxx printed low yesterday was at 3401.0 (3403.00 low today).

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