CHINA PBOC CONDUCTS CNY3.5 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1027 MON VS 7.1124

MNI BRIEF: Japan Q2 Capex Up Q/Q; GDP Seen Revised Higher

MNI: PBOC Sets Yuan Parity Lower At 7.1027 Mon; +2.85% Y/Y

MNI: PBOC Net Drains CNY467.5 Bln via OMO Monday

CHINA SETS YUAN CENTRAL PARITY AT 7.1027 MON VS 7.1124

MNI: AUSTRALIA JUL BUILDING APPROVALS +10.4% M/M, +14.3% Y/Y

MNI: AUSTRALIA JUL DWELLING APPROVALS +10.4% M/M

MNI: BAKER HUGHES US RIG COUNT 583; OIL RIGS 483; GAS RIGS 95

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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Notable Option Expiries Today, Uptrend Intact

AUD

There is a notable option expiry at NY cut today based on the latest DTCC data.

  • At $0.6720 strike there are $492mn of AUD Calls expiring today.
  • Overnight implied volatility is well within recent ranges and sits at 9.23% this morning, implying a $0.6664-$0.6753 range.
  • The uptrend in AUDUSD remains intact and last week's gains reinforce this theme. The pair has traded through resistance at $0.6691, the Dec 4 high and a bull trigger. This confirms a resumption of the uptrend and paves the way for a climb towards $0.6747 next, 76.4% of the Jul 13 - Oct 26 bear leg.
  • On the downside, key short-term support has been defined at $0.6526, the Dec 7 low.
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