Trial now
USDCAD TECHS

Circling Major Support

US TSYS SUMMARY

Stocks and Rates Near Session Highs Late

AUDUSD TECHS

Tepid Bounce

LATAM

OUTLOOK: WEEK AHEAD

US EURODLR OPTIONS

Nice Mark for Early Put Buyer

Sign up now for free access to this content.

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

  • USD/RUB trades mostly flat around the open, having pulled back below the 75.00 handle in yesterday's session supported by stronger oil markets.
  • API inventories saw a substantial draw overnight at -7.7m bbls vs -2.2m exp, bolstering upside momentum in Brent markets, despite virus concerns in India.
  • Although markets are open today, local volumes may be somewhat muted due to the local public holiday.
  • Price action reversed off the 50dma in yesterday's session, but will need to close below the 100dma (74.7305) to unlock the next leg lower against the tide of recent risk-off $ buying activity.
  • RUB fundamentals remain fairly attractive at these levels, but will be tempered by risk-off conditions.
  • Intraday Sup1: 74.8246, Sup2: 74.6370, Res1: 74.9975, Res2: 75.3055