HEALTHCARE: Pfizer (PFE: A2/A): Disposal of entire Haleon stake

Mar-19 07:20

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* Pfizer has now disposed of its entire residual stake in Haleon * Proceeds of sale: $3.3bn * $3.1bn...

Historical bullets

US TSY OPTIONS: Outright put buyer

Feb-17 07:18

TYH5 108p, bought for '01 in 5k.

GOLD TECHS: Bulls Remain In The Driver’s Seat

Feb-17 07:16
  • RES 4: $3000.0 - Psychological round number   
  • RES 3: $2991.4 - 4.0% 10-dma envelope
  • RES 2: $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing
  • RES 1: $2942.7 - High Feb 11
  • PRICE: $2900.6 @ 07:15 GMT Feb 17
  • SUP 1: $2864.2 - Low Feb 12  
  • SUP 2: $2826.5 - 20-day EMA  
  • SUP 3: $2750.8 - 50-day EMA   
  • SUP 4: $2730.6 - Low Jan 27

A bull cycle in Gold remains in play and the yellow metal continues to trade closer to its latest highs. Recent gains once again confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting a dominant uptrend. Sights are on the $2962.2, a Fibonacci projection. The first key support to watch is $2826.5, the 20-day EMA.

BUNDS: A busy overnight session for Bund

Feb-17 07:13
  • While the liquidity in US Treasuries has been on the lower side, given the US President's Day Holiday, Volumes in Bund, do stand out for an overnight session and the contract remains close to the next are of interest, the 2.50% Yield level, this equated to 131.97 on Friday.
  • Immediate support remains at that area, and resistance moves down to 132.73, although better will be seen towards the 133.00 figure.
  • This is a much lighter Week on the Data front, UK Employment and CPI are the main focus on this side of the Pond, while Friday sees Global PMIs, the main event for the Week.
  • Bond Desks will also start to look into rolling their Position into the June Expiry towards the end of the Week and especially next Week, with 1st Notice for Gilt and Treasuries on the 27th, and 28th February respectively.
  • SPEAKERS: ECB Nagel, Fed Harker, Bowman, Waller.