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COPPER TECHS

(H2) Eyeing Support

HUNGARY

NBH To End QE Shortly To Strengthen Tightening Cycle

BONDS

European roll afternoon update

DATA REACT

US Nov ADP Doesn't Change Nonfarms Narrative

PIPELINE

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  • Sizeable move in USD/CAD on the back of that decision, rate immediately corrects lower to 1.2336 (and lower still) as BoC decision read as considerably more hawkish than expected (only a minority of sell-side saw a more hawkish out-turn today).
  • Mid-October lows now in range at 1.2288, with 1.2253 now in view - the June 23rd low.