--------------(Snapshot at 8:00 a.m./2100 GMT)-----------------
FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.8645 (0.8658) 90-DAY (MAR) 95.81 (95.82) 0.6330 (0.6347) 3-YR (MAR) 95.28 (95.26) 77.20 (77.35) 10-YR (MAR) 94.535(94.520) 1.2649 (1.2584) US10-YR 3.57 (3.59)
---------------------------------------------------------------
AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20
*0.8500/8915 *0.8640 *0.8710 *30.722 *0.8827 *0.8996
----------------------------(Feb 9)---------------------------
* Australian dollar offshore trading range
$0.8642-0.8708.
* Aussie pinned at the floor of a tight trading range as
caution over euro zone sovereign debt restrained risk appetite
and pressured bank stocks in Europe and the United States.
* Aussie hovering around $0.8645, with near-term support
under $0.8640 and resistance in the $0.8710 to $0.8735 area.
Break of 88 cents needed to counter the bearish trend otherwise
risk is for re-test of $0.8576.
* Aussie also tracking sideways at 77.35 yen, and steady on
the euro around A$1.5800 per euro.
* Spreads on peripheral euro zone debt widened again on
doubts governments had the political will to enforce fiscal
austerity. Even gilt spreads over bunds widened.
* Worries that banks might need more capital hit financial
shares and was blamed for pulling the S&P off 0.7 percent.
* Commodities, however, had a better session recovering a
little of their recent falls on signs Chinese and Asian demand
was holding up well so far.
* The CRB index rose 1.15 percent, LME copper
added around 2.7 percent and crude added 49 cents. Gold was flat around $1,063.
* Bonds found some support from the weakness in stocks,
though Treasuries were subdued as dealers braced for more supply
this week.
* Three-year bond futures were indicated flat at
95.280 while ten-year futures indicated up 0.015 point at
94.535.
* No domestic data due on Tuesday, with market awaiting the
employment report on Thursday for more guidance on the chance of
a hike in interest rates in March.
(Reporting by Wayne Cole; Editing by Balazs Koranyi)
(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)
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