Trial now
JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reported pessimistic mood in Beijing concerning the ongoing Sino-US
trade negotiations bruised risk appetite through Monday's NY session and saw the
USD trade on the softer side, led by USD/JPY sales with a trimming in UST yields
adding further weight. EUR/USD spiked up to $1.1090 into the 1600GMT fix then
drifted off to $1.1072 into the close. Rate rested on $1.1070 in early Asia,
dipped to $1.1063 in early Tokyo before it recovered through the balance of the
session to $1.1081 into Europe. Risk remains a key driver of USD direction, with
USD/JPY providing the main barometer for this. Resistance remains around
$1.1080, a break to expose $1.1090 with resistance seen from here and stretching
to $1.1105. Support $1.1063, $1.1055/50. This latter area holds the strikes of
E1.41bln of expiring options at today's NY cut, E1.01bln being EUR puts which
may provide rate with some buoyancy. EZ data calendar light again today with
main focus set on Friday's releases of EZ flash PMI's and ECB Lagarde's speech. 
  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com