USD: In the red across the majors
Mar-17 07:32
- USD is on the back foot as Equities recovered yesterday, following reports that the largest US Banks will deposit $30bn into FRC.
- "JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will each deposit $5bn into First Republic" (FT).
- The Aussie and the Kiwi are competing for the top spot against the USD in G10s, up 0.82% and 0.81% respectively.
- AUDUSD tested this week's high, and next resistance is seen towards 0.6748.
- NZDUSD is still just short of 0.6265, this week's high, printed a 0.6259 high so far.
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Historical bullets
EUROSTOXX50 TECHS: (H3) Circling Below Cycle Highs
Feb-15 07:31
- RES 4: 4335.50 High Jan 6 2022 (cont)
- RES 3: 4324.50 High Jan 13 2022 (cont)
- RES 2: 4303.20 2.382 proj of the Sep 29 - Oct 4 rise from Dec 20 low
- RES 1: 4281.00 High Feb 9
- PRICE: 4248.00 @ 07:31 GMT Feb 15
- SUP 1: 4167.50/4097.00 20-day EMA / Low Jan 19 and a key support
- SUP 2: 4062.40 Bull channel base drawn from the Oct 13 low
- SUP 3: 3890.00 Low Jan 4
- SUP 4: 3753.00 Low Dec 20 and the bear trigger
EUROSTOXX 50 futures traded higher Thursday last week to breach 4265.00, the Feb 3 high. Despite the pullback from last week’s best levels, the fresh cycle high confirms a resumption of the uptrend and opens 4303.20, the 2.382 projection of the Sep 29 - Oct 4 rise from the Dec 20 low. Note that the trend is overbought. A pullback would represent a healthy correction. Key support lies at 4097.00, the Jan 19 low. Initial support is at 4167.50, the 20-day EMA.
US TSY FUTURES: 10yr Block trade
Feb-15 07:26
Block trade, suggest seller:
- TYH3 2.5k at 112.13+.
BUNDS: Underpinned post UK Inflation data
Feb-15 07:22
- Although in the green overnight, Bund still trades at its lowest level since the start of January.
- The contract jumped 20 ticks on the cash open as the UK inflation data came below consensus, but has lacked upside momentum.
- Support is at yesterday's low 135.02, followed by 134.52 76.4% retracement of the Jan 2 - 19 bull run.
- Small resistance moves down to 135.62.
- Spain final CPI, EU IP, and US Retail sales/IP are the notable releases for the session.
- SUPPLY: German 25yr and 30yr, (equates combined to 13.1k Buxl), US sells $15bn of 20yr.
- SYNDICATION: Belgium 30yr and Slovakia 10, 20yr.
- SPEAKERS: ECB Lagarde.
