LATAM FX: Credit Agricole Recommend Long BRL/MXN on Tariffs
* In Credit Agricole's view, current USDMXN levels do not reflect a real possibility that Trump wi...
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STIR: Update: Red Dec'25 SOFR Put Buyer
- Update, over +18,000 SFRZ5 95.00 puts 8.0 vs. 96.065/0.10%
GBPUSD TECHS: Trend Needle Points South
- RES 4: 1.2874 High Nov 12
- RES 3: 1.2811 High Dec 6 and key resistance
- RES 2: 1.2734 50-day EMA
- RES 1: 1.2622 20-day EMA
- PRICE: 1.2510 @ 16:06 GMT Dec 30
- SUP 1: 1.2476 Low Dec 20
- SUP 2: 1.2446 Low May 9
- SUP 3. 1.2400 Round number support
- SUP 4: 1.2367 76.4% retracement of the Oct 4 ‘23 - Sep 26 uptrend
The trend structure in GBPUSD remains bearish and short-term gains are considered corrective. Key support at 1.2487, the Nov 22 low, was pierced on Dec 20. A clear breach of this level would confirm a resumption of the downtrend and open 1.2446 next, the May 9 low. Moving average studies are in a bear-mode position, highlighting a dominant downtrend. Key resistance to monitor is 1.2811, the Dec 6 high.
STIR: FED Reverse Repo Operation
RRP usage recedes to $260.743B this afternoon from $268.739B last Friday. Compares to $98.356B on Friday, December 20 - the lowest level since mid-April 2021. The number of counterparties recedes to 57 from 63 prior.
