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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Tuesday's early downside pressure found support at $1.1346 before
rate edged back to $1.1367. Rate came under fresh sell pressure ahead of a
returning NY market(closed Monday for MLK day) before it was pressed down to an
extended low of $1.1336. Reported demand placed between $1.1340/30 acted to
cushion the base before rate recovered to $1.1374 into the European close.
Upside momentum faded and rate drifted back to $1.1352 before it closed the day
around $1.1360. Recovery, albeit slow, continued in Asia as rate edged its way
to $1.1372 into Europe. Resistance seen into $1.1375, a break of $1.1380 to
expose $1.1400-10. Support $1.1350 ahead of $1.1336/30.
- Davos sees appearances from IMF Lagarde and other European leaders. Data
calendar fairly light, EZ Consumer Confidence due at 1500GMT, median -6.5 (last
-6.2).
- Looking ahead - ECB delivers its MonPol decision Thursday. No change to policy
rate expected. Instead, the Bank's rhetoric re: the slowing EZ economy will be
in the spotlight. Elsewhere, EZ focus falls on flash PMIs from across
the EZ due Thursday & German IFO due Friday.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com