Trial now
JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

FOREX SUMMARY

FOREX

USD held onto gains this afternoon, with covid spikes and lockdown risk keeping the currency underpinned on safe haven.

  • All eyes today were on EM and especially the CBRT.
  • CBRT didn't disappoint and hiked 475bps to 15% as economists expected.
  • USDTRY dropped 20 big figures on the release and made an attempt at the 100d MA situated today at 7.5063 (printed 7.5151 low so far).
  • SARB kept their rate unchanged at 3.5% as expected, which provided initial gains for the Rand, but the move quickly reversed.
  • SARB noted data dependency, and USDZAR is now stable at 15.50 at the time of typing.
  • Cable fell from 1.3212 down to 1.3196, following report that one of Barnier's Brexit negotiator tested positive for Civid and that talks were on hold for a short period of time.
  • Cable has quickly recovered, with the downside initial dip looking to have been mostly algo and FM led,
  • Cable is now at 1.3215 at the time of typing.
  • Looking ahead we get ECB Schnabel, Fed Bowman and Rosengren, are scheduled to speak..
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com