FOREX SUMMARY

USD Asian upside momentum lacked some traction during our morning European session.

• The move was led by Equity futures, with the latter seeing better buying interest, on short covering.
• EURUSD remains in a tight 30 pips range in early trading 1.1757-1.1787 (low/high).
• Worth keeping an eye on MNI tech support 1.1754 Low Aug 21 and the bear trigger.
• Pound was under renewed pressure on Brexit and Covid concerns.
• This was, fuelled by UK Northern Ireland Minister's comment that the country could break international law by ripping up some parts of its withdrawal agreement with Brussels.
• French trade minister Franck Riester says that a Brexit deal is unattainable as long as the U.K. remains unwilling to agree with rules that would ensure a level playing field with the EU, the Financial Times.
• Covid: UK PM Johnson will cap the size of permitted gatherings at six people.The pound is off the lows at 1.2935 at the time of typing.
• CAD, RUB and NOK tested their best level of the session, but within the past day's range, led by some pullback higher in WTI,now back at yesterday's afternoon prices $37.56.
• Despite some better buying in equities, which benefited the Rand. USDTRY is making an attempt at the record high and psychological level at 7.50, now 7.49.