USD: In the red against all the Majors Year To Date
Mar-07 07:45
- Looking at the overnight session for the Dollar, it was a mixed session, the Yen was up some 0.32% at some point and the Aussie was down 0.54% ahead of the European Open.
- Overall of course, this Week's performance for the Dollar is one of its worst in over two years, and is in the red against all the majors YTD, with the SEK up 9.44% just for that period.
- Cross assets remain extremely Volatile, just looking at the Estoxx Futures (VGH5), it fell over 200 points from Monday into Tuesday, and has rallied back ~3.6% from Tuesday to Wednesday.
- Today, VGH5 trades within Yesterday's range, but the early underlying bid in Risk is pushing DXY to session low, and the Greenback tests intraday lows against the EUR, CHF, PLN, TWD, GBP, SEK, NOK, and CZK.
- Yesterday's high in the EURUSD is at 1.0853.
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MNI: FRANCE DEC INDUSTRIAL PRODUCTION -0.4% M/M, -1.7% Y/Y
Feb-05 07:45
- MNI: FRANCE DEC INDUSTRIAL PRODUCTION -0.4% M/M, -1.7% Y/Y
- FRANCE DEC MANUFACTURING OUTPUT -0.7% M/M, -2.6% Y/Y
EQUITY TECHS: E-MINI S&P: (H5) Bear Threat Remains Present
Feb-05 07:36
- RES 4: 6178.75 High Dec 6 and key resistance
- RES 3: 6162.25 High Jan 24
- RES 2: 6147.75 High Jan 31
- RES 1: 6069.00 High Feb 3
- PRICE: 6031.75 @ 05:02 GMT Feb 5
- SUP 1: 5935.50 Low Feb 3
- SUP 2: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg
- SUP 3: 5842.50 Low Jan 14
- SUP 4: 5809.00 Low Jan 13 and a key resistance
Monday’s initial sell-off in the S&P E-Minis contract and breach of support at 5948.00, the Jan 27 low, strengthens a bearish threat and cancels - for now - a recent bullish theme. An extension down would open 5892.37, a Fibonacci retracement point. Initial resistance is at 6069.00, Tuesday’s intraday high. Gains are considered corrective, however, a stronger rally would expose key resistance at 6178.75, the Dec 6 high.
USD: Early selling interest noted
Feb-05 07:33
- The Dollar sees a flat session overall against G10, but there's a couple of standout Currencies, the Yen is up another 0.74%, and the Kiwi continues to recover from its worst printed levels since 2022, now has now bounced 2.77% in the past 2 sessions.
- The Yen stands out once again the fall in Yield combined with a Wage beat in Japan overnight sees the Currency up 0.74% into the European session.
- The next immediate support in USDJPY was seen at 153.16, so far holding, although did print a 153.10 low overnight and we are testing that area once again now.
- A clear break through the 153.00 figure will open to 152.55 61.8% retracement of the Dec 3 - Jan 10 bull leg.
