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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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LOCAL NEWS

  • Erdogan refuses to recognise EU decisions on jailed politician Selahattin Demirtas & philanthropist Osman Kavala after the ECHR launched infringement proceedings last week.
    • Erdogan said that “EU decisions are null and void whether the EU understands it or not, and are not above the Turkish judiciary.”
    • Non-compliance with ECHR rulings may see Turkey’s voting rights suspended or even its expulsion from the body

Data/Events

  • Erdogan meets presidential policy board members at 1130GMT in Ankara
  • 1130GMT: Gross FX reserves