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EURIBOR OPTIONS

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SHORT-STERLING OPTIONS

SONIA option trade

MARKET INSIGHT

Price Signal Summary - EURUSD Bear Flag?

PORTUGAL T-BILL AUCTION RESULT

3/11-month BTs

(H1) Weaker, But Above Lows

AUSSIE 10-YEAR TECHS
  • RES 3: 99.165 - High Nov 20
  • RES 2: 99.035 - High Dec 23 and key resistance
  • RES 1: 99.002 - 50-DMA
  • PRICE: 98.845 @ 16:04 GMT Feb 1
  • SUP 1: 98.790 - Low Jan 12
  • SUP 2: 98.721 - 61.8% March 2020 Sell-off
  • SUP 3: 98.570 - Low Mar 20

Weakness in Aussie 10yr futures extended through key support at the June 2020 lows of 98.810 over the past few weeks, highlighting the bearish threat. This signals scope for a deeper pullback, opening 98.721 and below. On the upside, an initial key resistance has been defined at 99.035, Dec 23 high. A break is required to ease the bearish pressure.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com