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Oil tied FX are the best early performer

FOREX
  • A steady range bound session for FX and the USD, with most of the early action seen on the bounce in Equities, but very little spillovers across assets.
  • Best early performers in G10 against the Greenback are the NOK and CAD.
  • Oil (WTI) pushed higher, and through Monday's high at $86.09, now at $86.18.
  • NOK and CAD are up 0.59% and 0.35% respectively.
  • Support in USDCAD is at 1.2555, but move may be somewhat limited with market participants waiting on the BoC decision.
  • Risk tied FX, Aussie has been supported this morning, on the back of the Risk On in early trade.
  • The Aussie trades in the green against all G10s, beside the Oil linked NOK and CAD..
  • Looking ahead, today sees no tier 1 data, and the only notable release pre Fed, will be the US Wholesale Inventories
  • Earning season continues, which today include AT&T, Boeing, Abbot Labs, Intel, Tesla

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