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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

FOREX
FOREX: Muted Monday
-Flat US equity markets did little to drive price action in either direction,
with markets awaiting the beginning of the US-China trade talks due to start in
earnest on Thursday. Ahead of the talks, White House Economic Adviser Kudlow
stated the White House is 'open' to whatever China brings to the table, adding
that the President wants to make a deal, but only a deal that's good for
America. The return of Hong Kong and Chinese markets Tuesday could increase the
focus on trade developments.
-Price action was muted and volumes light Monday, with most major pairs
respecting their recent ranges and trading at familiar levels. CHF was modestly
stronger as the currency bounces back from weakness last week, and the AUD
resumed its downtrend after failing to break above the $0.6784 50-dma.
-Japanese trade balance data, Australian NAB Business Confidence, German
industrial production and US PPI are the key releases Tuesday. Speeches are
scheduled from BoE's Carney & Tenreyro, ECB's Lane & de Cos and Fed's Powell,
Evans & Kashkari.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com