- USD (USDIndex 94.25) holds at highs, Shares recuperate and ADP beat as debt ceiling is more likely to be prolonged to December. Biden & Xi to carry summit earlier than 12 months finish, Oil dipped after shock construct in inventories.
- Yields eased a tad (10yr closed 1.5240%) now at 1.54% in Asian trades – Yields very a lot “on discover” following RBNZ. (30-yr at 2.14%). China stays closed. Evergrande information – investor to go non-public , clock ticking.
- Equities moved greater into shut. USA500 +17.0 (+0.41%) at 4363 (however stays weak) USA500.F greater for third day 4375. Asian equities combined. VIX closed at 21.20 – trades decrease at 20.87 now.
- USOil down from report highs $78.95 to $76.50 as inventories surprisingly rose by 2.3 million barrels.
- Gold slips on greater yields right down to $1745 now again to $1760; 20-day MA $1765.
- FX markets USD bid – EURUSD 1.1565 from 1.1525, Cable holds 1.3600, & USDJPY greater once more at 111.35 from 111.85 yesterday.
European Open – The December 10-year Bund future is down -14 ticks, US futures are additionally decrease. There was additionally some reduction on the vitality crunch in Europe and DAX and FTSE 100 futures are posting features of greater than 1%, outperforming versus US futures, that are additionally transferring greater although, led by a 0.6% rise within the NASDAQ as tech-stocks are again in demand.
Right this moment – US Weekly Claims, Challenger Job Cuts, ECB Minutes & BOC’s Macklem, Fed’s Wiliams.
Largest FX Mover @ (06:30 GMT) AUDUSD (+0.33%) Rallied from 0.7225 lows yesterday to check 0.7300 now. Quicker MAs aligned greater, MACD sign line & histogram trending greater & over 0 line, RSI 63 & transferring greater. H1 ATR 0.0010, Each day ATR 0.0068.
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