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BTP TECHS

(Z1) Bearish Focus

GILT TECHS

(Z1) Sharp Slide Extends

ASIA FX

Baht Worst Performer On Negative Day

SCHATZ TECHS

(Z1) Gains Considered Corrective

BOBL TECHS

(Z1) Outlook Remains Bearish

FOREX
FOREX: The DXY trades marginally higher thus far, but has consolidated below the
90.00 level.
- The JPY has been the outperformer, with risk sentiment dampened, while the
commodity currencies have edged lower against a backdrop of impending US trade
tariffs, the risk off tone & slightly softer than exp. Chinese data.
- Elsewhere the EUR has been choppy, but trades flat against the USD, while
cable has edged lower.
- From a technical perspective the failure around the 55-DMA and ahead of the
91.011 resistance left a bearish key day reversal in place with the close below
90.080 shifting initial focus to 89.442.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com