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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

FOREX
FOREX: Risk sentiment soured alongside Italian assets from the get-go on
Tuesday, with Italy's 10-Year yield rising sharply to touch the highest levels
observed since early 2014. Rebuttals from Brussels, a still disunited front
among Italian politicians and the extension of uncertainty surrounding the
country's fiscal deficit targets knocked risk appetite, fuelling gains for the
JPY & CHF. Despite a modest recovery ahead of the U.S. close, EUR also slipped
against most, but recovered from worst levels.
- Both NZD & AUD continued to trim some of the gains seen across September,
keeping both currencies within striking distance of the YTD lows against the
USD, with the effects of risk aversion & a tense U.S. China trade situation
outweighing firm commodities prices.
- Global services & composite PMIs, U.S. ADP Employment data & the ISM
non-manufacturing survey provide the data highlights Wednesday, while a litany
of Fed speakers, including Chair Powell, as well as an address from ECB's Mersch
makes up the speaker schedule.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com