CROSS ASSET: USDJPY test Yesterday's high
May-26 12:42
- USDJPY is back at session high, and testing yesterday's high, following the US Data, and the push higher in Yields.
- Next resistance is seen at 140.69 2.0% 10-dma envelope, but for now the move lacks clear traction.
- US 10yr yield has broken its intraday high, and continues to trade at its highest level since the 10th March.
- Next support in TYM3 is at 111.29+.
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CROSS ASSET: Limited impact across assets post US data
Apr-26 12:36
- Limited impact across assets with Wholesales inventories coming inline with consensus.
- Treasuries fell a few ticks on the Durable orders beat, but markets are back at pre data levels.
- Attention will now turn to US GDP, Core PCE tomorrow for the US.
DATA REACT: USD Sees Only Brief Uptick on Better Durables
Apr-26 12:32
- Very minor move higher in the USD on the back of the better-than-expected Durables headline, although move slightly countered by negative revisions to the prior.
- E-mini S&P back to pre-data levels after printing 4103.75.
MNI:US MAR DURABLE NEW ORDERS +3.2%; EX-TRANSPORTATION +0.3%
Apr-26 12:30
- MNI:US MAR DURABLE NEW ORDERS +3.2%; EX-TRANSPORTATION +0.3%
- US FEB DURABLE GDS NEW ORDERS REV TO -1.2%
- US MAR NONDEF CAP GDS ORDERS EX-AIR -0.4% V FEB -0.7%
