Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

EURO-DOLLAR
EURO-DOLLAR: EUR/USD last at $1.1188, 7 pips higher but shy of earlier peak.
- Infighting between Italy's ruling coalition partners reached a boiling point,
taking the gov't to the brink of collapse. Deputy PM Salvini declared that PM
Conte's gov't no longer commands a parliamentary majority and called for a
confidence vote to be held next week. MNI sources suggested that a snap election
would mean that Italy will have no definitive budget or fiscal targets for 2020,
which could yet again set Rome on a collision course with Brussels.
- German FinMin denied a RTRS report claiming that Berlin is mulling a 'u-turn'
in fiscal policy to finance a climate protection package with new debt issuance.
- Bears look to return above $1.1200 before challenging the $1.1225 100-DMA.
Meanwhile, bears would be pleased by a retreat below the Aug 6 low of $1.1168.
- EUR/USD rose into yesterday's London morning before sliding firmly, but losses
were pared on the RTRS story re: German debt. U.S. Pres Trump's complaint re:
USD strength triggered a spike, but the rate ebbed back into the red thereafter.
- EZ highlights today are German trade data, Italian CPI and French & German
industrial outputs. No speeches from ECB members are expected.