Trial now
US TSYS

TD Securities: Unearthing The Mystery Long-End Bid

CHINA RATES

China Repo Rates Diverge on Wednesday

FOREX

Kiwi Under Pressure, Safe Havens Catch Mild Bid

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • WTI and Brent crude futures trade sharply lower, with concerns for a fresh wave of lockdowns sweeping across Europe weighing on commodities globally. WTI has slipped to levels not seen since September, with key support at the 100-dma giving way at $74.43/bbl.
  • Gold and silver are benefiting from the risk-off move, with spot gold back above the $1,800/oz and narrowing the gap with the Monday high at $1,84914/oz.
  • With the downside in the front-end of the futures curve, volumes around $70/bbl, $71/bbl WTI put strikes have surged, underpinning the risk-off moves and strengthening downside ahead of the NY crossover.