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Cable up 150 pips A soft US dollar explains about one-third of the cable move today but the rest is UK-driven. There isn't a particular catalyst though, with news flow out of the UK very limited today.
EUR/USD up 43-pips to 1.2025 today For bank trade ideas, . Citi discusses EUR/USD outlook and flags "EURUSD is breaking out, trading through 1.20. We failed to break this level last week, but let's see if we get a daily close above the pivotal horizontal resistance at 1.2011, which is the September 2020 high flagged by CitiFX
Gold backs away from $1790 Gold was bid in Asian trading and early in Europe but it's given it all back now as Treasury yields tick higher. US 10s fell as low as 1.55% but they're up to 1.60% now.
Red start for equities It's not exactly panic in US equities, but they're lower to start the week: Energy shares are outperforming with WTI crude up 40-cents.
Too much, too soon? The non-stop records in US equities are set for a break at the open, but only a small one. US equity futures a slightly lower with S&P 500 futures down 5 points after Friday's 15-point gain.
Rates in Israel unchanged, as expected Israel is an interesting spot to watch in the reopening. The vaccine has been widely available there for a month and cases are down to 164 per day from a peak near 10,000.
Technicals for the win As Brexit fades and the vaccination rollout continues, there's plenty to like about the UK. That's finally being reflected in the market after cable traded flat YTD last week. The tell was on Friday, when the pair formed a bullish outside reversal, something I .
March Canadian housing starts from the CMHC "The national trend in housing starts increased in March, reflecting very elevated levels of activity in January and March 2021," said Bob Dugan, CMHC's chief economist. "Multi-family SAAR starts rebounded strongly following decline in February, with Toronto and Vancouver registering particularly large gains in this segment. Single-detached SAAR starts also
Forex news from the European trading session - 19 April 2021 Headlines: Markets: - CHF leads, USD lags on the day - European equities mixed; E-minis down 0.2%