FOREX: EURJPY at Fresh Session Highs, Rises 1.12%
* Higher yields in the aftermath of the US data are continuing to underpin the theme of renewed JP...
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EQUITY TECHS: E-MINI S&P: (H5) Breaches Key Short-Term Support
- RES 4: 6178.75 High Dec 6 and key resistance
- RES 3: 6163.75 High Dec 16
- RES 2: 6068.25/6107.50 High Jan 6 / High Dec 26
- RES 1: 5966.50 50-day EMA and a pivot resistance
- PRICE: 5816.50 @ 14:41 GMT Jan 13
- SUP 1: 5809.00 Intraday low
- SUP 2: 5784.00 Low Nov 4
- SUP 3: 5698.25 50.0% retracement of the Aug 5 - Dec 6 bull leg
- SUP 4: 5658.00 Low Sep 12 ‘24
A bear threat in the S&P E-Minis contract remains present and the contract is trading lower today. The reversal from the Dec 26 high, confirms the end of the Dec 20 - 26 correction. 5866.00, the Dec 20 low and a key short-term support, has been cleared. This strengthens a bearish theme and sights are on 5784.00, the Nov 4 low and an important short-term support. Initial pivot resistance is seen at 5996.50, the 50-day EMA.
BOE APF SALES RESULTS: Detailed results
All sales are of the 0.125% Jan-28 gilt in the last operation its eligible to be sold in.
| Short Gilts | Bids received | BOE sells | WAAP | Prev bids | Prev sales |
| 4.25% Dec-27 | Gilt maturity | too short | (below 3y) | GBP419.5m | GBP144.6m |
| 0.125% Jan-28 | GBP1,322.2m | GBP749.9m | 88.265 | GBP1,407.9m | GBP655.3m |
| 1.625% Oct-28 | GBP144.4m | GBP0.0m | GBP0.0m | GBP0.0m | |
| 6.00% Dec-28 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 0.50% Jan-29 | GBP85.8m | GBP0.0m | GBP173.2m | GBP0.0m | |
| 0.875% Oct-29 | GBP34.1m | GBP0.0m | GBP14.7m | GBP0.0m | |
| 0.375% Oct-30 | GBP0.0m | GBP0.0m | GBP0.0m | ||
| 4.75% Dec-30 | GBP95.4m | GBP0.0m | GBP0.0m | GBP0.0m | |
| 0.25% Jul-31 | GBP0.0m | GBP9.3m | GBP0.0m |
BOE APF SALES RESULTS: GBP750mln of short-dated gilts with bid-to-cover of 2.24x
Previous bid-to-cover ratios: most recent first: 2.53x, 3.22x, 1.84x, 1.64x.
Note previous operations had GBP800mln size.
