Trial now
GILT AUCTION RESULTS

DMO sells GBP2bln of the 1.25% Jul-51 Gilt

MNI EXCLUSIVE

Timeline For Approval Of Plans On NGEU Aid

COMMODITIES

WTI, Brent Circling Below Cycle Highs

FINLAND AUCTION RESULTS

7/10-year RFGB

US TSYS SUMMARY

Busy Data Slate Ticks All The Boxes

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  • USD/ILS opens lower this morning on the back of a weaker greenback, briefly approaching the 76.4% fib (3.2584) drawn off the 10 May.
  • Today's UNSC meeting will be a key focus to see if the US manages to block and official call for a ceasefire once again, as the conflict trajectory remans firmly in Netanyahu's hands.
  • A shift in tone from Biden towards a ceasefire was broadly ignored by Netanyahu who continues to pursue further goals in Gaza before exploring a de-escalation.
  • Rocket fire has now been noted as coming from Lebanon, following extensive airstrikes in the Gaza strip.
  • Spot USD/ILS moved below key lateral and dynamic support at 3.27 from the 100dma, but was met with buying pressure around the 3.26 level and 76.4% fib.
  • Intraday Sup1: 3.2600, Sup2: 3.2525, Res1: 3.2709, Res2: 3.2739