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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

FOREX
FOREX: The early part of today's Asia-Pacific session brought the announcement
of the Commons' vote on the "Cooper bill," forcing the UK gov't to avoid a
no-deal Brexit. The bill passed by a single vote and will now go to the House of
Lords. Given a thumbs up from the Lords, should PM May fail to garner support
for her Brexit deal by Apr 12, she will have to ask the EU for a long extension
to Art. 50. Sterling ticked higher on the news.
- NZD has marginally outperformed in the G10 FX space, as optimism re: Sino-U.S.
trade talks has carried over into the Asia-Pac session, to a degree.
- Fed's Kashkari offered little new in a speech made in the NY/Asia crossover.
He said that he doesn't believe that the U.S. economy is overheating, pointing
to a need for patience.
- G10 pairs have generally stuck to fairly tight ranges.
- Focus today turns to German factory orders, Brexit matters in the UK, and
minutes from the ECB's March MonPol meeting. Fed's Mester and Harker are set to
deliver speeches.