Trial now
EURGBP TECHS

Consolidating At Recent Lows

GBPUSD TECHS

Approaching Key Resistance

EURUSD TECHS

Approaching The 50-Day EMA

OUTLOOK

Monday Look Ahead, Markit PMIs, ISMs

FOREX
FOREX: Participants have shied away from riskier currencies, showing preference
for safe havens instead as uncertainty around the U.S.-China trade situation
remains. At the same time, the Hong Kong violence continues to worry investors.
The Antipodeans have landed at the bottom of the G10 basket after the RBA
released the minutes from its Nov monetary policy meeting, which revealed that
the Board "agreed that a case could be made to ease monetary policy," but this
time decided to the contrary. JPY sits atop the G10 pile thanks to the broader
risk-averse mood.
- Scepticism re: imminent progress in U.S.-China trade negotiations has filtered
through into the Asian FX space. A slightly stronger than expected fixing from
the PBoC has failed to drag USD/yuan into negative territory.
- Coming up today are U.S. housing starts & building permits and Canadian m'fing
sales. NY Fed Pres Williams, BoC Snr Dep Gov Wilkins and Norges Bank Dep Gov
Matsen will offer some central bank rhetoric. Elsewhere, UK PM Johnson will face
Opposition Leader Corbyn in a televised debate.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com