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EUR

ECB-Fed Divergence Remains Evident

USDJPY TECHS

Trend Conditions Remain Bullish

UK

Timeline of key events (Times BST)

EUROZONE

Timeline of key events (Times BST)

EURGBP TECHS

Remains Vulnerable

GBPUSD TECHS

Bearish Risk Still Present

CHINA YUAN
CHINA YUAN: USD/CNH has moved higher amid reports noting that Nasdaq will change
listing rules in a way that would limit the ability of Chinese companies to list
on the exchange. Per BBG, the new rules will require companies to raise $25mn in
their IPO or a quarter of their post-listing mkt capitalization.
- Worth reminding yesterday's comments from Chinese Pres Xi to the WHO's
governing body. China's leader promised to make any Covid-19 vaccine developed
in China a "global public good" and pledged to dedicate $2bn over two years for
fighting the coronavirus pandemic.
- USD/CNH last deals +49 pips at CNH7.1236. A rally above May 18 high of
CNH7.1448 would give bulls a green light for targeting May 4 high of CNH7.1561.
Conversely, a fall through the 50-DMA at CNH7.0894 is needed to open up
CNH7.0812, the low of May 8.
- The PBoC will announce its monthly LPR fixing tomorrow.