A slightly higher open for Gilt, was just down 2 ticks at 92.46 vs close, a small wide range of 16 ticks on the Open, but as expected very poor volumes as also seen in the Sonia Strip.
In Terms of Technical, support is at 91.87, while resistance moves down to 92.92.
GILTS: Opening calls
Dec-24 07:57
Gilt Calls will be taken from Tnotes, with Europe closed, 92.40, would be 8 ticks down.
USD: The Dollar is King going into Year End
Dec-24 07:40
The Dollar remains king, and the old saying of "Buy Dollar, Wear Diamonds" is suited as we head towards Year end.
Only the Malaysian Ringgit, and the Hong Kong Dollar are up YTD, and even the Exotics are down.
Within G10s, it is a painful Year for the Kiwi, as we stand going into the European session, down 10.59%, NOK 10.5% and the Yen is still down 10.21% YTD.
Incredibly, although Cable is below 1.2600, it is only down 1.54% for the Year.
For Technical in G10s, most Pairs/Crosses are some way short of their next respective Supports/Resistances, {r1} EURUSD would see next support at 1.0343 Low Dec 20.