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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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  • Currency markets are mixed early Thursday, with EUR/USD strength the most notable move so far. The pair is narrowing the gap with the 100-dma resistance at 1.2049. A break and close above here opens gains towards the week's highs of 1.2076 and the 1.2087 Fib retracement.
  • Norway opted to keep policy unchanged this morning, alongside expectations. The accompanying statement continued to nudge markets toward the likelihood of a rate hike in the second half of 2021. EUR/NOK was unmoved, with prices holding just below the week's highs of 10.0455.
  • Focus turns to the Bank of England rate decision and Monetary Policy Report, at which markets will be watching for any clues over the future trajectory of the BoE's asset purchase programme.
  • The Turkish central bank rate decision is also due, with the Bank seen keeping rates unchanged. Weekly jobless claims numbers are the data highlight.