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USDCAD TECHS

Corrective Cycle

GLOBAL POLITICAL RISK

Vaccination Willingness Rises As Efficacy Proved

AUDUSD TECHS

Bearish Price Structure

US TSYS SUMMARY

Yld Bounce Stalls

EURJPY TECHS

Trend Signals Remain Bearish

RATINGS
RATINGS: Reminder: S&P updates its rating for Spain after the US close this
evening.
S&P rate Spain BBB+ with a positive outlook that was applied in March this year.
A positive outlook opens the possibility of an upgrade in the next 24 months. 
- Anne Karina Asbjorn at Nomura writes that while the macro-economic conditions
for an upgrade are in place "At the margin, we think a status quo decision is
more likely than an upgrade (60/40% probability)". She cites S&P saying that an
upgrade assumes a "general continuity in policymaking with the current
government and that political development in Catalonia will not weaken consumer
confidence"
- S&P's BBB+ rating for Spain is equal to Fitch's rating and one notch above
Moody's Baa2.