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The early defensive feel faded away as the....>

FOREX
FOREX: The early defensive feel faded away as the lack of any notable moves
against China during Friday's press conference from U.S. President Trump
eclipsed the escalation of U.S. protests, continued tensions between the U.S. &
China and an unexpected deterioration in China's official m'fing PMI seen over
the weekend. Renewed appetite for riskier FX dented safe haven currencies, with
USD leading losses as aforementioned domestic troubles took some wind off its
sails. AUD led commodity FX higher, extending gains as AUD/USD punched through
the $0.6700 mark, while AUD/JPY took out its 200-DMA. Liquidity in NZD crosses
was sapped by a public holiday in New Zealand.
- KRW played catch-up with Friday's after-hours recovery in wider sentiment.
South Korea reported a surprise trade surplus for May, as exports and imports
continued to decline. USD/KRW sank firmly through its 50-DMA.
- China's Caixin M'fing PMI was watched after Sunday's release of off'l
readings, but the space ignored the index's return into expansion.
- Manufacturing PMIs from across the globe (including U.S. ISM Survey) and U.S.
construction spending take focus today.
Energy BulletsCommodities
Energy BulletsCommodities

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