AUTOMOTIVE: Nissan: Fitch Downgrade

Feb-26 10:58

You are missing out on very valuable content.

"Fitch Downgrades Nissan Motor to 'BB+'; Outlook Negative" - Fitch Unsurprisingly the last IG rating...

Historical bullets

EQUITY TECHS: E-MINI S&P: (H5) Pullback Extends

Jan-27 10:57
  • RES 4: 6200.00 Round number resistance   
  • RES 3: 6178.75 High Dec 6 and key resistance  
  • RES 2: 6163.75 High Dec 16
  • RES 1: 6105.25/6162.28 Intraday high / High Jan 24             
  • PRICE: 5982.75 @ 10:46 GMT Jan 27 
  • SUP 1: 5961.75 Low Jan 16         
  • SUP 2: 5943.94 61.8% retracement of the Jan 13 - 24 bull leg 
  • SUP 3: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg
  • SUP 4: 5809.00 Low Jan 13 and a key support 

The S&P E-Minis contract has started the week on a bearish note, extending the pullback from Friday’s high. Key short-term support to watch lies at 5961.75, the Jan 16 low. For now, the move down appears corrective, however, a breach of 5961.75 would strengthen a bearish threat and signal scope for a deeper retracement. This would open 5943.94, a Fibonacci retracement. Key resistance is unchanged at 6178.75, the Dec 6 high.

EGB SYNDICATION: Austria Dual-tranche mandate

Jan-27 10:56

Austria has announced a mandate for a new 10-year Feb-25 RAGB maturing 20 February 2035 alongside a tap of the 1.85% May-49 Green RAGB

Both bonds are as expected (see our weekly preview), with the timing having been uncertain due to the budget. We look for the Feb-35 tranche to be sized between E4.5-5.0bln (including E250-500mln retention) with a tap of E1.0-2.0bln of the 1.85% May-49 Green RAGB.

CROSS ASSET: USDJPY falls below 154.00

Jan-27 10:48
  • USDJPY is clearing the 154.00 handle, as US Equities continue to fall and the US Tnotes look to test the Immediate resistance of 109.08+, combined with the 10yr 4.50% Yield level at 109.10 Today.
  • Next support in USDJPY is at 153.76 50.0% retracement of the Dec 3 - Jan 10 bull leg.