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GOLD TECHS

Approaching The Base Of The Bull Channel

WTI TECHS

(F2) Bounces Off Yesterday’s Low

MARKET INSIGHT

What to watch

BRENT TECHS

(G2) Strong Rebound From Yesterday’s Low

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries are trading modestly higher but off session
highs, supported by risk-off sentiment as a war of words breaks out between US
President Trump and the rest the G7 on global trade. US 10-yr Tsy yield is 0.7bp
lower at 2.913% having hit low of 2.889%. Curve is modestly bull steepening as
short-end outperforms the rest of the curve.
- Tsy dipped from US closing highs during first half of Asian session before
recovering lost ground on G7 meeting concerns on global trade.
- Tsy then got a large boost from strong opening in German Bunds as European
markets opened with a risk-off tone. Weak German and French industrial data also
underpinned the move higher.
- TYU8 hit intra-day high of 119-30+ on newswire headline that ESM is postponing
latest E1bln bailout for Greece, before fading lower to trade at 119-24
- Euro$ strip has ticked higher led by 3.5-4 tick move in Red contracts
- Thin on data and speakers Friday but market potentially eyeing up plenty of
event risk coming up: G7 meeting in Canada this weekend amid US trade tensions,
UK Brexit vote in parliament, Trump-Kim summit, ECB/Fed/BOJ decisions