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GOLD

Coiling Ahead Of U.S. CPI.

AUSSIE BONDS

XM Roll Given

US TSYS

Familiar Omicron Worry Provides A Bid

EQUITIES

E-Minis Pull Lower

FOREX SUMMARY

FOREX

A more steady session for FX this afternoon, but some pullback in GBP on potential National lockdown.

  • Much better selling interest was noted when we traded near the 1.3700, combined with some profit taking.
  • Scotland is going into full lockdown from Midnight.
  • Cable is through Friday's low, as Boris announced that he will address the country at 20.00GMT
  • Parliament will be recalled Wednesday,
  • Tough National lockdown to be announced according to ITV Preston.
  • EUR has extended gains most of the trading session, performing best versus the GBP, another reason for the GBP weakness.
  • EURUSD has faded back below 1.2300, after testing MNI tech resistance at 1.2310 (traded 1.2309 high).
  • Looking ahead, Fed Mester and ECB Lane are scheduled, but all eyes on Boris presser at 20.00GMT
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com