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Fresh Lows Below 1.2062


Extends This Week's Gains


(M1) Consolidating


Upside Extension Within Its Channel

FOREX: Sterling surges as Brexit deal seen nearer
-Reports courtesy of The Sun newspaper who cited sources in saying that UK
negotiators were 'pleasantly surprised' at how well talks with Brussels are
going, adding that there is 'rapid movement behind the scenes'. GBP/USD rallied
comfortably through the $1.30 and the 200-dma on the news, with bulls setting
sights on the year's best levels at $1.3218.
-CNH also trades well on Bloomberg reports of progress in trade discussions,
with US said to be pressing for a a "Stable Yuan". USD/CNH touched the lowest
levels since early February, with 2019 lows of Cnh6.7019 next up. AUD and CAD
rose in sympathy, nudging AUD/USD back above the 100-dma at $0.7160 as
commodities rallied.
-The USD receiving a drubbing as US yields tanked, although the greenback
recovered alongside equities at the midpoint of the US trading day. The USD
index eyes support at the 100- and 50-dmas at 96.393 and 96.355 respectively.
-Japanese trade balance, Eurozone consumer confidence and the Fed minutes from
January take focus Wednesday.