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JGBS

Early Dynamic Prevails

JGBS AUCTION

Japanese MOF sells Y4.0730tn 3-Month Bills:

FOREX

Evergrande Jitters Dampen Risk Recovery

US TSYS

2-Way Flow Observed

IDR

Rupiah Continues To Tread Water

EQUITIES

E-Minis Flat On The Day

CABLE

Corrective pullback, off the morning's high of $1.3255, extended to $1.3059 into the 1600BST fix before buyers began to emerge to take advantage of the dip. However, the recovery currently meeting some headwind resistance into $1.3100, a break of $1.3110 to allow for a move on toward $1.3130/35 ahead of $1.3150/60 and $1.3180. Support remains around $1.3060 to $1.3050, a break to allow for a deeper move toward $1.3005/00. General USD demand was seen as the key driver, possible correction Friday having some influence with the USD still seen a decent sell into rallies. Weaker than forecast EZ flash PMI data weighed on the EUR and provided the USD with a general lift, the pound dragged lower despite UK PMI coming in stronger than expected. US PMI data was strong and helped boost the S&P, along with strong Home Sales, with the USD also picking up demand.