Trial now
AUSSIE 10-YEAR TECHS

(M1) Pressures The 50-DMA

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Bears Hold All The Cards

AUDUSD TECHS

Trades Below Key Support

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has held above $1.1600 in early dealing this week, and last
deals at $1.1607. - Over the weekend ECB's Coeure reiterated the ECB's interest
rate outlook to Taggespiegel, noting that the Eurozone "economy is growing,
unemployment has fallen significantly & price pressure is gradually picking up."
- Elsewhere ECB's Rehn stressed that the normalization of MonPol will be a very
drawn out affair.
- Italian budget concerns dented risk appetite on Friday to keep the pair's
recent downtrend intact. Bears remain in charge suggesting a resumption of
weakness towards the September 10 low ($1.1526). Bulls initially need to reclaim
the 100-DMA ($1.1653) to change the short-term outlook.
- PMI readings from across the EZ & German retail sales will draw attention
today, along with an address from ECB's Villeroy.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com