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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

US

'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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Risk off helps USD

USD

Estoxx and Mini S&P takes another leg lower

  • Estoxx break through short term retracement 3940 (04/05-10/05 rally).
  • Inflation pick up risk, Fed Kaplan yesterday: "Labour should continue to see strong recovery", and new Covid variant is weighing on Risk
  • USD finds a bid, DXY at session high, and the currency test session high against SGD, NOK, CAD, ILS, SEK, MYR,
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
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