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JGBS AUCTION

The Japanese MOF sells Y2.8069tn 6-Month Bills:

CNH

Inflation Data Under Scrutiny

OIL

Crude Registers Fresh Highs For The Week

JGBS AUCTION

PREVIEW: 5-Year Supply Due

PHP

Peso Gains Amid Improving Market Sentiment

JGBS

Marginally Cheaper, 5-Year Supply Due

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Current Consolidation Still Looks Like A 4th Wave Recovery
*RES 4: $1.1661 38.2% Fibo of $1.1852-$1.1543
*RES 3: $1.1645 Intraday high
*RES 2: $1.1620 Initial intraday pullback low, now resistance
*RES 1: $1.1575/85 Hourly resistance
*PRICE: $1.1536 @0927GMT 
*SUP 1: $1.1510 May 29 low
*SUP 2: $1.1480 1.618 swing $1.1543-$1.1645
*SUP 3: $1.1465 2% volatility band
*SUP 4: $1.1448 50% Fibo of $1.0340-$1.2556
*COMMENTARY* A combination of the Jun 7 bearish 'Shooting Star' candle close and
last week the upper 1% volatility band, conspired to send us down and back
towards the year's previous $1.1510 low. The current consolidation looks like a
4th wave, ahead of another push lower, which on a loss of $1.1510 would target
$1.1480-$1.1448 next. Meanwhile, $1.1575-$1.1620 provides resistance, above
$1.1645 would allow a higher correction of losses from $1.1840-$1.1852.