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USD push Govies lower

MARKET TALK

USD leads Govies lower, as USD continues to tumble.

  • Bund is testing that support area 176.18, 50% retracement of yesterday's rally
  • Also as just mentioned, large clip sellers in Tnotes, Gilt, BTP, and OATs..
  • QUICK MNI TECH:
  • USDJPY is clearly through that decent area when better demand was noted around 104.00. Now testing next support at 103.67 76.4% retracement of the Mar 9 - 24 rally
  • EURUSD resistance is here at 1.1861 Oct 26 high
  • AUDUS has tested 0.7252 61.8% retracement of the Sep 1 - Nov 2 downleg, just off the level now
  • USDCAD support comes at 1.3047 Low Sep 7

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