Trial now

Awaiting Clearer Cues


Local Bonds Take A Knock After the Eid Break


Pullback Considered Corrective


Trend Indicators Point South

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Market holidays in Australia, China, Hong Kong and Taiwan limited activity in the region, with NZD leading gains in G10 FX space, even as New Zealand's PSI fell from a record high. CAD also edged higher, as crude oil traded on a slightly firmer footing, but AUD and NOK struggled to pick up any momentum.

  • The DXY inched higher, as participants prepared for Thursday's announcement of the latest monetary policy decision from the FOMC. Despite firming a tad, the index rejected Friday's high.
  • USD/CNH rose past the CNH6.4000 mark, which capped gains last Friday, reaching its best levels since Jun 4.
  • Sterling looked through a number of press reports noting that PM Johnson will today announce a four-week delay of the lifting of Covid-19 restrictions in England.
  • The global data docket is very light today, with ECB's Schnabel & de Cos, BoE's Bailey & Riksbank's Floden set to deliver speeches.