POLAND: EURPLN Rises 0.85%, Current Account & Trade Data Due
Apr-11 11:55
* Single currency outperformance on Friday has prompted a solid 0.85% move higher for EURPLN, with...
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OUTLOOK: Price Signal Summary - Downtrend In Oil Futures Remains Intact
Mar-12 11:40
- On the commodity front, Gold is in consolidation mode. The trend condition is unchanged, it remains bullish and the recent pullback appears corrective. A resumption of gains would refocus attention on $2962.2, a 2.00 projection of the Nov 14 - Dec 12 - 19 price swing. This would also open the $3000.0 handle. On the downside, a move lower would instead suggest scope for a deeper correction and expose support around the 50-day EMA, at $2829.8. The 50-day average represents a key support.
- In the oil space, a bearish trend condition in WTI futures remains intact and the contract is trading at its recent lows. The latest sell-off has resulted in a clear breach of support at $70.20, the Feb 6 low. This confirmed a resumption of the downtrend that started Jan 15 and has paved the way for an extension towards $63.61 next, the Oct 10 ‘24 low. Key short-term pivot resistance is seen at $70.20, the 50-day EMA.
CAD: Paring losses
Mar-12 11:39
- A broader bid in the CAD as it unwinds some of the Tariffs Risks weakness.
- The Currency leads against the SEK and the Yen in G10 FX, CADJPY fell to its lowest level since May 2023 Yesterday, but is up 0.78% so far on the Day.
- Tariff threats are at the forefront going forward, but Investors will be keeping an eye on the BoC meeting a little later, when the BoC will be set to cut its Rate by 25bps to 2.75%.
US TSY FUTURES: BLOCK: Jun'25 10Y Sale
Mar-12 11:38
- -7,000 TYM5 110-25.5, sell through 110-26 post time bid at 0719:00ET, DV01 $443,000. The 10Y contract trades 110-24.5 last (-2.5).
