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USD is paring gains

FOREX
  • The Dollar was mostly flat against G10 pre EU Cash Govie open, although Yen was up 0.24%, and AUD was the worst performer following the Dovish RBA.
  • Some of the early extension lower in Equities supported the Dollar during the Early morning European session.
  • The Dollar saw Further broader highs on the back of Risk Off, versus EUR, AUD, PLN, CAD, NOK, CZK, SEK, GBP, CNH, HKD, ILS, ZAR.
  • EURUSD tested the support noted at 1.0804, printed a 1.0804 low.
  • There's 2.64bn worth of Option expiry at 1.0800/1.0830 in EURUSD for today.
  • The bounce off the low in Equities, has helped the Dollar paring its gains and is now flat against the Yen, SEK, EUR, GBP, NOK, CHF.
  • AUD is still the worst performer at typing, but off its lows versus the Dollar.
  • The Yen is still the best performer against the Aussie but off its best level after AUDJPY found support at the 96.50 mark, did print a 96.47 low.
  • AUDJPY has now lost some 150 pips from Monday's high, and next support will be seen at 96.04.
  • The Kiwi is the second worst performer, down 0.32% but within past ranges.
  • Looking ahead sees, US JOLTS, and ISM services on the data front.
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