STIR: Euribor Futures Look Through Trump Tariff Threats and UK CPI Data
Feb-19 08:07
Euribor futures have been happy to look through US President Trump's latest tariff threats, now flat...
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SONIA: Call spread buyer
Jan-20 08:06
SFIH5 95.70/95.80cs, bought for 1.25 in 5k.
USDCAD TECHS: Bulls Remain In The Driver’s Seat
Jan-20 08:04
- RES 4: 1.4671 2.0% 10-dma envelope
- RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
- RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
- RES 1: 1.4486 Intraday high
- PRICE: 1.4449 @ 08:04 GMT Jan 20
- SUP 1: 1.4364/4302 20-day EMA / Low Jan 15
- SUP 2: 1.4280 Low Jan 6
- SUP 3: 1.4226 50-day EMA
- SUP 4: 1.4011 Low Dec 5
The trend in USDCAD remains bullish and recent short-term weakness has proved to be corrective. The latest pause in the uptrend appears to be a flag formation - a bullish continuation signal. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Friday’s gains expose 1.4508 next, a Fibonacci projection level. 1.4364, the 20-day EMA, has been pierced. A clear break of it would open 1.4226, the 50-day EMA.
EFSF ISSUANCE: New 3-year / new 10-year: Books open
Jan-20 08:00
New long 3-year:
- Maturity: 27 July 2028
- Coupon: Short 1st
- Guidance: MS + 21 bps area
- Size: EUR Benchmark (MNI expects E3-5bln)
- ISIN: EU000A2SCAR0
New 10-year:
- Maturity: 29 January 2035
- Coupon: Long first
- Guidance: MS + 53 bps area
- Size: EUR Benchmark (MNI expects E3-5bln)
- ISIN: EU000A2SCAS8
For both:
- Total size: MNI expects E7-8bln
- Settlement: 27 January 2025 (T+5)
- Bookrunners: BARCLAYS / BNP / JPM (DM/B&D)
- Timing: Books open, today's business
From market source
