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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

RISK, ROMANIA
RISK: On risk appetite, the CBOE's volatility index or VIX was last at 11.70, in
the middle of a 11.48 to 14.34 range.
- The VIX high of 17.28, seen August 11 at the peak of U.S.-North Korea
tensions, was the highest since Nov. 9, the day after the U.S. election, when
the VIX peaked at 21.48. The 2017 high was 23.01, seen Nov. 4 ahead of the
election.
- In August, the VIX has traded both sides of its 200-day moving average,
currently at 11.68. The index will need to close below that mark on a sustained
basis to suggest that risk sentiment was improving.
- The July 26 low of 8.84 was a new life-time intraday VIX low (prior life-time
intraday low was 8.89, seen Dec. 27, 1993).