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Close the gap to 177.26


EGBs-GILTS: Short End Underperforming Pre-BoE


Pares gains against all G10s

FOREX: The overnight session was remarkably tranquil, saw all G10 crosses tread
water. No news from the trade war front, although it obviously remains in focus.
Safe haven currencies faced some pressure, but to a negligible degree. Some
follow-through from yesterday's loonie strength was seen early on, but it
evaporated quickly. USD/CAD probed the water below its 200-DMA but struggled to
break under yesterday's low and erased losses.
- The space has looked through the regional data releases. A slight miss in
Japanese CPI was accompanied by an in-line reading of the core measure.
Elsewhere, flash Japanese PMIs (Jibun Bank) marginally improved, while
Australian surveys (CBA) slipped.
- Coming up today are several flash PMI readings from across the world, German
GDP, Canadian retail sales and final U.S. Uni. of Mich. Survey. ECB Pres
Lagarde, her ECB colleagues de Cos and Weidmann, as well as Riksbank's Ohlsson
and Jansson are set to speak.
MNI London Bureau | +44 203-865-3806 |