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GBP is the early worst performer in G10s

FOREX
  • Most G10s pairs have stayed within tight ranges, overnight and during the European early session.
  • EURUSD still trade in 30 pips range.
  • The EUR was under small early pressures, but failed to break the 1.0800 handle, and the initial immediate support of 1.0793, printed a 1.0796 low Yesterday and a 1.0812 low today, with the bounce aided by better GDPs in Europe.
  • The Yen was the early small best performer, as Yield saw further downside continuation, but Treasury futures are off their highs, capped by the European GDP data and ahead of heavy supply on this side of the Pond.
  • The SEK is now leading in G10, up 0.27%, Economic tendency, Consumer and Mfg Confidence, came above last, but these aren't real market movers and overall USDSEK stays in that 10.5145/10.3675 range it has traded within for the past 10 sessions, now at 10.41.
  • Worst early performer is the Pound, albeit off its low, still down 0.27%, but still short of the next support situated at 1.2642, printed a 1.2672 low so far today.
  • Looking ahead, US JOLTS is the main data remaining for the session, while ECB Vasle and Nagel are still due to speak.
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