EQUITY TECHS: E-MINI S&P: (H5) Oversold But Remains Bearish
Mar-13 07:34
* RES 4: 6178.75 High Dec 6 '24 and key resistance * RES 3: 6166.50 High Jan 19 * RES 2: 5949.30 50-...
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USD: Finding a bid into the European session
Feb-11 07:27
- Looking at the Overnight session for the Dollar against G10, overall it was a steady flat session, the Kiwi was the best performer, albeit just up a tiny 0.16% and at the other end, the CAD was down 0.08%.
- Since the European Cash Govie open, the Dollar is seeing a bid emerging, European Desks are catching up with the Overnight news, but also note that we have some heavy Bond supply today, which should weigh on Futures.
- The CAD is now down 0.14%, and broader offers are going through the ILS, GBP, MXN, CHF and ZAR, all testing their respective tight traded low.
BUNDS: Heavy suppply and Fed Powell are in focus Today
Feb-11 07:17
- There's very little change for Bund, although the overnight session sees a slightly wider range, volumes on both sides of the Atlantic are on the low side.
- Bund and Tnotes are offered, after Trump ordered a 25% Tariff on all Steel and Aluminium Imports, but the German contract remains within the Initial support of 132.72 and resistance at 133.86.
- For the US 10yr, TYH5 is testing trendline right here at 109.03, although most desks will look for immediate support at 109.01, the fast market printed low, post NFP.
- This is a lighter Week on the Data front, with the US CPI (Wednesday) the key release, and for the UK, GDP (Thursday).
- There's no notable Data due for today.
- BoE Mann gave an Interview with the FT Yesterday, so today could be a lesser event, attention will be on Powell who testifies at the Senate.
- SUPPLY: Early focus will be on supply in Europe and later in the US, Netherlands €2bn 2047 (equates to 30.3k Bund) should weigh, Germany €5bn Bobl (equates to ~47.5k Bobl) will weigh. US Sells $58bn of 3yr Notes.
- SYNDICATION: EU 2031 Tap/2050 Green, Italy 2040, UK 2035.
- SPEAKERS: BoE Mann, Bailey, Fed Powell, Hammack, Williams, Bowman, ECB Schnabel.
MNI: NORWAY Q4 MAINLAND GDP -0.4% Q/Q
Feb-11 07:07
- MNI: NORWAY Q4 MAINLAND GDP -0.4% Q/Q
