US: MNI POLITICAL RISK - GOP Looks To Restore Block On Tariff Votes

Feb-10 12:50

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  • President Donald Trump will hold a signing event at 16:30 ET 21:30 GMT, a policy meeting at 17:30 ET 22:30 GMT, and a private dinner in the evening: All closed press.
  • White House Press Secretary Karoline Leavitt will brief at 13:00 ET 18:00 GMT.
  • Trump said the US can “grow at 15%” or more, if Fed nominee Kevin Warsh “does the job that he’s capable.”
  • Commerce Secretary Howard Lutnick will testify to a Senate panel today amid scrutiny over his relationship with Jeffrey Epstein.
  • Secretary of State Marco Rubio's trips to Hungary and Slovakia after the Munich Security Conference are likely to raise concerns in Brussels.
  • Trump is expected to travel to Beijing in early April for a meeting with Chinese President Xi Jinping.
  • Democratic leaders rejected a GOP counteroffer to their DHS reform proposals.
  • Speaker Mike Johnson (R-LA) will attempt to revive a rule preventing House members from forcing votes on Trump’s tariffs.
  • Trump threatened yesterday to block a nearly completed bridge connecting Canada and Detroit.
  • Vice President JD Vance said Trump will determine if Iran can enrich any uranium in a potential nuclear deal.
  • Energy Secretary Chris Wright will brief Senators today on the Energy Department’s actions in Venezuela.
  • The political environment is tilting towards Democrats ahead of November's midterms.
  • The House overwhelmingly passed a sweeping package of bipartisan housing proposals
  • Poll of the Day: Americans are increasingly pessimistic about the future. 

Full Article: US DAILY BRIEF

Historical bullets

AUSSIE 3-YEAR TECHS: (H6) Recovery Mode

Jan-10 22:45
  • RES 3: 97.796 - 1.618 proj of the Sep 3 - 12 - 15 price swing
  • RES 2: 96.780 - High Jun 26 (cont)
  • RES 1: 96.700 - High Sep 12  
  • PRICE: 95.890 @ 16:40 GMT Jan 9
  • SUP 1: 95.740 - Low Dec 22
  • SUP 2: 95.480 - Low 1st Nov ‘23
  • SUP 3: 94.932 - 1.0% 10-dma envelope

Prices bounced again Thursday, supported by strength in global bond markets and a smoother inflation picture at the December CPI print. As such, prices edged further away from recent lows. Nonetheless, slower pricing for additional RBA easing - and partial pricing for a return to rate hikes in 2026 - should keep the front-end of the curve under pressure. This keeps prices well below prior resistance at 96.615, the Sep 12 high, and refocuses attention on 95.480 as the next major support. 

MNI: MNI TEST 02, Please Ignore

Jan-09 23:36

Test Test TEST

MNI: MNI Test, Please Ignore

Jan-09 23:30

Test, ignore