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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

FOREX
FOREX: Risk-off mood has eased somewhat as U.S. officials ramped up rhetoric re:
upcoming stimulus measures. U.S. Tsy Sec Mnuchin outlined his daily meetings
w/Fed Chair Powell & said that Pres Trump is ready to use "all economic tools."
The POTUS floated the idea of implementing a payroll tax cut & said he will
unveil planned steps on Tuesday. Safe havens have lost ground alongside upticks
in U.S. equity futs (cash equity benchmarks in Asia remain in the red). USD/JPY
has added as much as ~1.1 fig. & consolidates on the Y103.00 handle.
- NOK & CAD lead gains in the G10 pile, as the only currencies to outperform USD
in the G10 basket. They benefit from firmer oil prices, even as WTI & Brent
continue to hover above multi-year lows in the wake of y'day's oil mkt crash.
- NZD has faced opposing pressures as local off'ls spoke. It softened a touch as
FinMin Robertson urged NZ banks to pass on any RBNZ rate cuts, but found some
relief as RBNZ Gov Orr said that NZ doesn't need unconventional MonPol.
- KRW outperforms in Asia, amid better sentiment & with off'ls talking up
potential for stabilising mkts. CNH firmer ahead of China's inflation data.
- Focus turns to final EZ GDP, French & Italian IPs & Norwegian CPI.