- Cable’s overnight implied volatility had closed to its highest level since 29th January, although realised volatility remained capped, to see GBP edge higher after UK parliament approved a law to delay Brexit.
- A general lack of new flow saw tight ranges for FX pairs, with most sitting within a 0.1% open-close range for the session. For what it’s worth, GBP is the strongest major and AUD is the weakest but hard to read too much into it given the small ranges.
- President Trump has confirmed he’ll meet with Chinese Premier Liu at the Whitehouse today.
- US10Y sits just below its 8-day high and near its 20-day average at 2.51%. WTI has retreated slightly from its highs after printing a spinning top candle outside its upper Keltner band yesterday. DXY looks vulnerable after printing an evening star reversal yesterday, which could prove supportive of a EUR/USD trough.
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