Trial now
USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

EGB SUMMARY
EGB SUMMARY: It has been a volatile day for the 10Y Bund yield with wild swings
on market moving data and details of the US tax plan trickling through. German
Bunds trading almost unchanged from yesterday`s close with the 10Y trading at
0.372%.
- Early rise in the 10Y Bund yield started on the back of heavy long end bond
supply then reversed the move higher following the BOE interest rate decision
accompanied with guidance that was interpreted as dovish.
- In the afternoon the yield on the 10Y Bund made up some of its losses,
however, news of the GOP tax bill sent the 10Y USTYS into a tailspin and the
Bund followed suit. 
- There were reports during the afternoon that Spanish prosecutors were seeking
an European arrest warrant for former Catalan President Carles Puigdemont. The
Bund-Bonos spread had been creeping wider for much of the London session and is
trading 1.2bp wider at 111.4bp.
- Markets expect President Trump to announce Jerome Powell as his nominee for
the position of Fed Chair later in the evening.