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CANADA

ELECTION WATCH

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Sep 20, 2021

FOREX

Exchange traded option

US EURODLR FUTURES

BLOCK, Old Green-Pack

US EURODLR OPTIONS

Mudcurve Call Fly Buy

COPPER TECHS

(Z1) Remains Below Recent Highs

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  • The slight 'dovish' tone from the Fed last week has eased the risk aversion and generated support for traditional risk on investment such as FX carry trade (vs. US Dollar).
  • Hence, the broad USD weakness has been positive for EM cyclical stocks, with EM financials trending higher this week after finding support at their 200DMA (325.21).
  • Next resistance to watch on the topside stands at 332.63, which corresponds to the 76.4% Fibo retracement of the 224.27 – 366.10 range, followed by 335.50 (100DMA).
  • On the downside, ST support stands at 320, followed by 311.92 (61.8% Fibo).

Source: Bloomberg/MNI