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USD Holding Gains; Oil, Tsys Firm In Early Trade

CROSS ASSET

The greenback has held its early gains in Asia this morning, and Oil and Tsys have firmed in early dealing as the market digests the aforementioned Hamas/Israel conflict.

  • The Antipodeans are the weakest performers in the G-10 space, AUD/USD is down ~0.6% and NZD/USD is down ~0.4%. Yen is a touch firmer and sits a touch above the ¥149 handle. CHF is also a touch firmer.
  • Oil has firmed, WTI is up ~2.7% and sits above the $85/barrel handle in early dealing. Brent is up ~2.3%.
  • Tsy Futures are firmer and last print at 107-14+, +0-19, resistance now comes in at the 20-Day EMA (108-12). A reminder cash tsys are closed today and will limit liquidity in the space.

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