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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

BTPS
BTPS: UniCredit after yesterday's spike in BTP-Bund spreads:
"We reiterate our view that the widening reflects profit taking after a period
of strong performance, triggered by the fact that the domestic political picture
appears less clear-cut than it did a month ago. With the risk-reward profile
increasingly asymmetric and the end of the year coming up, there is an incentive
to lock in profits. Given that the BTP market has been dominated by buyers in
recent months, unwinding such positions risks prices overshooting in the near
term."