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BONDS

Continued reaction to Powell

CHINA

Where Is The Low For Chinese Equities?

GERMAN AUCTION RESULTS

0% Oct-26 Bobl

EQUITIES

Energy And Financials Lead Early Bounce

GREECE T-BILL AUCTION RESULTS

26-week GTB

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Spot USD/IDR has extended gains today, last trades +39 figs at IDR14,161. Should bulls manage to force a break above Oct 13 high of IDR14,224, they would be able to take aim at the 50-DMA at IDR14,268. Meanwhile, a retreat past Oct 18 low of IDR14,057 would bring the psychological barrier of IDR14,000 into play.

  • USD/IDR 1-month NDF last seen +26 figs at IDR14,213. Bulls see the 50-DMA at IDR14,306 as their initial target, bears keep an eye on Oct 15 low of IDR14,058.
  • The gov't are tightening restrictions on air travel (even if only modestly) ahead of the year-end travel season to prevent a resurgence in Covid-19 cases.
  • Indonesia's data docket is virtually empty next week.