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Friday saw the FX space stall ahead of the....>

FOREX
FOREX: Friday saw the FX space stall ahead of the weekend.
- The greenback finished the session mixed after suffering broad losses in the
first half of the European trading day. Early AUD outperformance was largely
erased as US stocks turned lower following a lacklustre assessment of the
earnings from JPM, Citi & Wells Fargo. Despite this, USDJPY managed to finish
slightly higher, after a couple of bouts of JPY cross demand.
- SEK was the poorest performer for the second consecutive session and continues
to print at multi-decade highs against the EUR, confounding market expectations.
Thursday's particularly poor inflation numbers are clearly continuing to exert
pressure on the SEK.
- AUDUSD failed to hold gains above the 100- and 50-DMAs as resistance kicked in
ahead of the 2-month falling resistance line.
- Focus this week turns to US earnings, UK-EU Brexit talks, data in the form of
US retail sales, UK inflation, jobs and retail sales numbers, China GDP, the
Bank of Canada rate decision, Canadian CPI, RBA Minutes, Aussie labour market
report, NZ CPI & Fedspeak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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