Trial now
JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • USD/RUB gaps sharply lower this morning, playing catch-up to early selling pressure on the BBDXY, firmer oil markets and tentative optimism RE US-Russia ties.
  • Yesterday's USD weakness post-FOMC continues to filter through into today's session after Powell downplayed inflation and tapering concerns – but paid lip service to stronger economic and employment activity coming closer to its goals.
  • The net-result has been USD weakness thus far and more accommodative risk conditions.
  • Oil markets firmed overnight on a larger than expected EIA inventory draw, supporting demand-side sentiment.
  • Focus remains on yesterday's high (75.32), with a close above reinforcing bullish conditions after two consecutive spinning top candles.
  • Yesterday's strategic stability talks delivered in line with our base case of "constructive" talks with agreements to discuss more as both sides have mutual interests in the area.
  • This represents a slight improvement in relations, coming off a low base, but how the two sides act in the lead-up to September meetings will be vital in assessing their longevity.
  • Nato comments today will also be watched closely for Tone RE yesterday's meeting. Cyber security talks, however, continue to show promise with Russia indicating a willingness to compromise and address issues.
  • Intraday Sup1: 73.0236, Sup2: 73.8201, Res1: 73.3609, Res2: 73.6638

  • Brent Oil