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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

OIL
OIL: WTI & Brent sit ~$1.25 below their respective settlement levels at writing,
with continued focus on the economic fallout surrounding the Chinese Coronavirus
evident.
- This saw the Saudi Energy Minister come forward, as he noted that the kingdom
was closely monitoring developments in the global oil markets. He attributed the
recent developments to "gloomy expectations" re: Coronavirus and talked up the
prospects of the Chinese government tackling the issue, reiterating that OPEC+
has the capability to stabilise the market, if needed.
- Elsewhere, focus continues to fall on Libya, with signs that the recently
brokered arms embargo is being broken by several countries, and that general
Haftar is moving his forces to attack a new front. The weekend saw the state-run
NOC note that national production has fallen below 300K bpd, vs. the 1.2mn BPD
that was seen earlier this month.
- A reminder that Friday's Baker Hughes rig count saw an uptick in active U.S.
oil rigs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com