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OPTIONS

Expiries for Dec09 NY cut 1000ET (Source DTCC)

US TSY OPTIONS

More 10Y Vol Sales

US TSY FUTURES

Extending Session Lows Post JOLTS

POLAND

NBP Raises Policy Rate By 50bps

Once Again In The Middle Of.....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Once Again In The Middle Of The Well Travelled Range
*RES 4: Stg0.8837/42 Jun 7, May 4 highs
*RES 3: Stg0.8832 Jun 11, Jun 12 highs
*RES 2: Stg0.8810 Jun 1 high
*RES 1: Stg0.8790/00 Hourly highs/lows Jun 12-13
*PRICE: Stg0.8786 @1554GMT
*SUP 1: Stg0.8730/35 Hourly support
*SUP 2: Stg0.8717 Jun 15 low
*SUP 3: Stg0.8697 May 29 low
*SUP 4: Stg0.8681/85 Apr 26 low, 1% volatility band
*COMMENTARY* Last week once again faltered on the approach to the resistance of
note between Stg0.8837-Stg0.8842. Saw a high of Stg0.8832 but the subsequent
pullback from there has been relatively swift, with Stg0.8780-Stg0.8750 support
giving way and allowing a dip back to and slightly below the recent Stg0.8721-24
lows. Near term Stg0.8790-Stg0.8800 now provides resistance to any recovery,
Stg0.8697-Stg0.8681 next on a break below Stg0.8730-Stg0.8717.