Of note:
EURUSD 7.33bn at 1.0750/1.0810.
USDJPY 1.22bn at 152.00.
USDCAD 1.16bn at 1.3810.
AUDUSD ~1bn at 0.6640/0.6650.
NZDUSD 1.55bn at 0.6070/0.6090.
EURUSD 1.65bn at 1.0800/1.0820 (fri).
AUDUSD ~1bn at 0.6660 (mon).
EURUSD 2.25bn at 1.0800 (tue).
USDJPY 2.29bn at 151.00/151.15 (tue).
USDCAD 5.05bn at 1.3800/1.3820 (wed).
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RES 4: 102.00 Round number resistance
A bull cycle in Gilt futures remains intact, however, the sell-off that started Sep 7, highlights a corrective phase and this week’s move lower suggests potential for a continuation near-term. Support at 98.92, 76.4% of the Sep 2 - 17 bull leg, has been cleared and this strengthens the current bearish theme. The break exposes the key support at 98.11, the Sep 2 low. For bulls, a reversal higher would refocus sights on 101.54, Sep 17 high.
The details behind the September's IFO survey suggest that the decline in the manufacturing sector is set to continue. Sentiment deterioration was quite broad-based, as demonstrated by the below chart of 3-month averages.