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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

OIL
OIL: WTI & Brent stuck to tight ranges overnight, with focus on the OPEC+
meeting scheduled for the weekend.
- This comes after crude fell on Thursday, with WTI entering a bear market, on
course for a 5th consecutive weekly loss as swelling U.S. inventories, OPEC
production, and the waivers granted re: the U.S. sanctions on Iran pressured
prices.
- The space had little reaction to a BBG piece which noted that the Keystone XL
pipeline project has been blocked by the U.S. federal gov't, with TransCanada
needing to wait for further environmental review according to the story.
- Participants will keep an eye on the latest Baker Hughes rig count data ahead
of the aforementioned OPEC+ meeting scheduled for the weekend.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com