POWER: Germany’s Steag is Suing Bnetza Over Coal Plants in Reserve

Feb-12 09:48

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Germany's Steag is suing energy regulator Bnetza for putting its coal-fired power plants in the coun...

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MACRO ANALYSIS: MNI US Employment Insight, Jan'25: Questioning Any 2025 Cuts

Jan-13 09:44

 

 

FOREX: FX OPTION EXPIRY

Jan-13 09:42

Of note:

EURUSD 3.05bn at 1.0200.

EURUSD 1.81bn at 1.0200 (tue).

USDCNY 1.34bn at 7.3350 (tue).

EURUSD 1.75bn at 1.0200 (wed).

EURUSD 2.02bn at 1.0200 (fri).

  • EURUSD: 1.0200 (3.05bn), 1.0250 (1.43bn), 1.0300 (3.35bn), 1.0310 (1.64bn).
  • USDJPY: 158.00 (931mln).
  • USDCAD: 1.4410 (486mln).

USD: The EUR and the Pound are breaking through their support

Jan-13 09:34
  • Watch the EUR and the Pound, both falling through new lows, but the Dollar is seeing a broader bid, Risk Off tone and Elevated Yield have been supportive of the Greenback, and also a continutaion since Friday's data.
  • EURUSD is through the initial 1.0201 61.8% of the Sep ‘22 - Jul ‘23 bull leg, further momentum opens to 1.0138 1.764 proj of the Sep 25 - Oct 23 - Nov 5 price swing
  • Cable sees 1.2087 0.764 proj of the Sep 26 - Nov 22 - Dec 6 price swing next.