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FOREX SUMMARY

FOREX

A mix session for FX as investors and market participants awaits on Brexit, US stimulus news and the Fed tomorrow.

  • Most notable move this afternoon was seen in the EURUSD going into 13.00GMT/08.00ET.
  • A fix related trade saw between 12.50GMT-13.00GMT, about 14-15k contracts traded in EURUSD (15k equates to EU1.85bn).
  • This pushed the EURUSD to a 1.2122 session low, but we have since faded, and the pair is now back close to pre sell off level at 1.2152 at the time of typing.
  • GBP is on the front foot this afternoon, with market participants hoping on a Brexit deal.
  • GBP is up against all G10 and leading versus the NZD up 0.46%
  • AUD still trade in the red in G10s on US lockdown concerns, but the currency has clawed back some of its weakness.
  • AUDNZD extended gains and the pair back above best levels since 11/11.AUDNZD cleared through the 50d MA, and now test the 200d MA (a better level) at 1.0661, which has held for now, printing a 1.0663 high.
  • Looking ahead, BoC Macklem Gives Speech, but main focus is on risk events.
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