EURUSD TECHS: Clears 50-Day EMA
Feb-13 18:00
- RES 4: 1.0630 High Dec 6
- RES 3: 1.0594 Dec 9 ‘24
- RES 2: 1.0533 High Jan 27 and a reversal trigger
- RES 1: 1.0441 High Feb 13
- PRICE: 1.0437 @ 16:09 GMT Feb 13
- SUP 1: 1.0272/0141 Low Feb 4 / 3 and the bear trigger.,
- SUP 2: 1.0138 1.764 proj of the Sep 25 - Oct 23 - Nov 5 price swing
- SUP 3: 1.0031 2.00 proj of the Sep 25 - Oct 23 - Nov 5 price swing
- SUP 4: 0.9947 76.4% of the Sep 28 ‘22 - Jul 18 ’23 bull leg
A short-term bull theme in EURUSD remains intact and the sharp recovery off lows on Thursday reinforce this set-up. A candle formation on Feb 3 - a hammer - continues to signal a possible reversal. The pair has pierced a key resistance at the 50-day EMA, at 1.0426. A clear breach of the average would strengthen a bullish condition and signal scope for stronger recovery and open 1.0533, the Jan 27 high. Initial firm support lies at 1.0272, the Feb 4 low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Issuance Update: $3.5B British Colombia 3Y SOFR Priced
Jan-14 17:58
- Date $MM Issuer (Priced *, Launch #)
- 01/14 $3.5B *British Colombia 3Y SOFR+45
- 01/14 $3B *KFW +5Y +40
- 01/14 $2.5B #BNG Bank 5Y SOFR+47
- 01/14 $2.5B *CADES 5Y SOFR+68, upsized from $2B
- 01/14 $2B *CAF 5Y SOFR+82
- 01/14 $2B *IFC 3Y SOFR+29
- 01/14 $500M #Hyundai 3Y +80
- 01/14 $Benchmark Blackstone Private Cr Fund 7Y +190a
- 01/14 $Benchmark Adobe 3Y +30, 5Y +40, 10Y +55
- 01/14 $Benchmark BFCM 5Y +95, 5Y SOFR+123
- 01/14 $Benchmark LifePoint Health 7NC3
OPTIONS: Large Sonia Call Spread Buying Tuesday
Jan-14 17:52
Tuesday's Europe rates/bond options flow included:
- RXG5 125.5p, bought for 1 in 2.2k
- RXH5 135/136cs bought for 4.5 in 7.5k
- ERM5 97.625/97.75/97.875c fly vs 97.4375/97.3125ps, bought the fly for 0.25 and half in 9k.
- SFIM5 95.75/96.00cs, bought for 6.75 in 24k.
- SFIM5 95.70/96.00cs, bought for 8.75 and 9 in 20.5k
- SFIZ5 96.35/97.00cs x3 vs 95.60p x1, bought the cs for -2 in 10k total.
- SFIZ5 95.90/96.05 call spread, bought for 6 in 15k
- 0NM5 96.00/96.20/96.30/96.40c condor, bought for 4.25 in 10k.
LOOK AHEAD: Wednesday Data Calendar: CPI, Fed Speak, Beige Book
Jan-14 17:50
- US Data/Speaker Calendar (prior, estimate)
- 15-Jan 0700 MBA Mortgage Applications (-3.7%, --)
- 15-Jan 0830 CPI MoM (0.3%, 0.4%), YoY (2.7%, 2.9%)
- 15-Jan 0830 CPI Ex Food & Energy MoM (0.3%, 0.3%), YoY (3.3%, 3.3%)
- 15-Jan 0830 CPI Index NSA (315.493, 315.615)
- 15-Jan 0830 CPI Core Index SA (322.657, 323.400)
- 15-Jan 0920 Richmond Fed Barkin, Maryland event (text, Q&A)
- 15-Jan 1000 MN Fed Kashkari fireside chat, (no text, Q&A)
- 15-Jan 1100 NY Fed Williams keynote address CBIA eco-summit (text, Q&A)
- Jan-15 1200 Chicago Fed Goolsbee Midwest economics forum (no text, Q&A)
- 15-Jan 1400 Fed Beige Book
