--------------(Snapshot at 8:05 a.m./2105 GMT)-----------------
FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.8910 (0.8890) 90-DAY (MAR) 95.64 (95.65) 0.6182 (0.6175) 3-YR (MAR) 95.070(95.120) 80.38 (79.43) 10-YR (MAR) 94.500(94.535) 1.2516 (1.2479) US10-YR 3.54 (3.48)
AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20
*0.8566/9000 *0.8850 *0.8920 *32.11 *0.9055 *0.9127
----------------------------(Dec 18)---------------------------
* Aussie offshore trading range $0.8839-0.8920.
* Aussie dollar hovering around 89 cents having bounced from a $0.8839 low late Friday as U.S. stocks defied global weakness to post modest gains, repairing risk appetite just a little.
* Aussie rallied on the yen to 80.56, after being as low as 78.58 at one stage on Friday. Could hold in a 78.00 to 83.00 range for the week given market thinning for the holidays.
* Technical trend remains bearish for the Aussie given its retreat from above 93 cents earlier this month has breached major support levels. Focus on 100-day moving average around $0.8855, with a risk of retracement to $0.8566.
* Aussie still suffering from a dovish view on policy from the Reserve Bank of Australia (RBA) last week which has seen the market scale back expectations for how high interest rates might rise next year.
* Around 100 basis points of hikes are now priced in for the next 12 months, compared to 125 just a week ago. Probability of a hike in February seen less than 50:50.
* Bond futures had generally benefited from the pullback in rate expectations, though they slipped offshore Friday in line with Treasuries a risk aversion lessened slightly.
* The three-year contract was indicated down 0.050 points at 95.070, with the 10-year future off 0.035 points at 94.500.
* No major domestic data due this holiday-shortened week. New vehicle sales numbers are due later Monday and should show a further healthy increase thanks in part to tax breaks.
* Commodities were generally firm on Friday with oil jumping to $73.36 a barrel after Iraq said Iranian troops had intruded onto an Iraqi oilfield.
* The CRB index ended steady at 276.13, with gold up at $1,112.25 but base metals mixed.
(Reporting by Wayne Cole) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: MARKETS AUSTRALIA BONDS/FOREX (wayne.cole@reuters.com ; +61 2 9373 1813; Reuters Messaging: wayne.cole.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Aussie offshore trading range $0.8839-0.8920.
* Aussie dollar hovering around 89 cents having bounced from a $0.8839 low late Friday as U.S. stocks defied global weakness to post modest gains, repairing risk appetite just a little.
* Aussie rallied on the yen to 80.56, after being as low as 78.58 at one stage on Friday. Could hold in a 78.00 to 83.00 range for the week given market thinning for the holidays.
* Technical trend remains bearish for the Aussie given its retreat from above 93 cents earlier this month has breached major support levels. Focus on 100-day moving average around $0.8855, with a risk of retracement to $0.8566.
* Aussie still suffering from a dovish view on policy from the Reserve Bank of Australia (RBA) last week which has seen the market scale back expectations for how high interest rates might rise next year.
* Around 100 basis points of hikes are now priced in for the next 12 months, compared to 125 just a week ago. Probability of a hike in February seen less than 50:50.
* Bond futures had generally benefited from the pullback in rate expectations, though they slipped offshore Friday in line with Treasuries a risk aversion lessened slightly.
* The three-year contract was indicated down 0.050 points at 95.070, with the 10-year future off 0.035 points at 94.500.
* No major domestic data due this holiday-shortened week. New vehicle sales numbers are due later Monday and should show a further healthy increase thanks in part to tax breaks.
* Commodities were generally firm on Friday with oil jumping to $73.36 a barrel after Iraq said Iranian troops had intruded onto an Iraqi oilfield.
* The CRB index ended steady at 276.13, with gold up at $1,112.25 but base metals mixed.
(Reporting by Wayne Cole) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: MARKETS AUSTRALIA BONDS/FOREX (wayne.cole@reuters.com ; +61 2 9373 1813; Reuters Messaging: wayne.cole.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.