Trial now
USDCAD TECHS

Wednesday Sell Off a Setback

US EURODLR OPTIONS

Late Block

US TSYS SUMMARY

Reversing Mon's Risk Aversion Move

AUDUSD TECHS

Still Heavy!

FOREX
FOREX: Looming Supreme Court judgement escalates GBP risk
-Ranges are tight and volumes thin so far Tuesday, with little news overnight
stemming price action across the board. This keeps focus on the looming UK
Supreme Court judgement at 1030BST/0530ET, at which the UK's most senior judges
will rule whether or not the government were in breach of the law when they
suspended parliament earlier this month.
-In response, GBP overnight vols are somewhat elevated, but the general
consensus sees few long term ramifications for the currency regardless of the
outcome today. Markets are split on which way the judgement will fall, but the
PM has pledged not to resign even if the ruling goes against him.
-EUR underperformed from the off, but has pulled back a modicum of strength as
Germany's IFO release proved supportive. Business climate and current assessment
beat expectations, countering a weaker expectations component.
-The data schedule is quiet Tuesday, with just US Richmond Fed and consumer
confidence due. RBA governor Lowe, ECB's de Guindos and de Cos are also on the
docket.