White House Press Secretary Karine-Jean Pierre is providing a gaggle to reporters aboard Air Force One en route to Puerto Rico where President Biden will deliver remarks on a hurricane relief package later today.
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Aussie 10yr futures slipped further late last week and have dipped below key support at 96.355, Jul 22 low. This weakens the bull cycle posted since mid-June, opening the gap with the 200-dma on the continuation contract, at 97.275. The bull trigger is 97.040, the Aug 3 high. On the downside, recent weakness suggests scope for a deeper retracement towards the mid-Jun low of 95.663.
USDCAD rallied again Thursday, with the bull theme remaining in tact despite the Friday pullback. Attention is on 1.3224, a key resistance and the Jul 14 high. A break would represent an important bullish development. Note that moving average studies are in a bull mode set-up, highlighting a broader uptrend. Initial firm support is at 1.2895. A break would alter the picture. Initial support lies at .3063, the Aug 23 high and a recent breakout level.
Tsys trading moderately higher after the bell, near midmorning highs after a somewhat volatile first half, curves bull steepening (2s10s +5.363 at -20.069).