HEALTHCARE: Thermo Fisher (TMO: A3pos/A-/A-): CHF issuance
TMO announced the acquisition of Solventum's Purification business yesterday * Transaction to close...
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CROSS ASSET: MONTHN END EXTENSION
MONTH END EXTENSION: Looking at the UK, this looks to be a record Extension for the Month of January at least for Bloomberg (Used to be Barclays).
Bloomberg Bonds projected:
- US Tsys: +0.07yr (small, average).
- EU Govies: +0.10yr (decent).
- UK Govies: +0.23yr (HUGE).
EUR: Correction on the large EURUSD exchange traded Option
Need to issue a CORRECTION on that large FX Exchange Traded Option last Week.
We noted the Put was sold on Tuesday and Wednesday, but there was some report that the aggressor on Friday was a buyer, in over 13k.
Looking at OI Today, it doesn't look to be the case and the put was only sold, the Option trade should now read:
- EURUSD (7th Feb) 1.0200p, was sold Tuesday, Wednesday and Friday at 0.0102, 0.00090, 0.00060 and 0.00050 in 22.3k.
SILVER TECHS: Holding On To The Bulk Of Its Recent Gains
- RES 4: $34.903 - High Oct 23 and the bull trigger
- RES 3: $33.125 - High Nov 1
- RES 2: $32.338 - High Dec 12 and a key resistance
- RES 1: $31.022 - High Jan 24
- PRICE: $30.159 @ 08:12 GMT Jan 27
- SUP 1: $29.509/28.748 - Low Jan 13 / Low Dec 19 and bear trigger
- SUP 2: $28.446 - 76.4% retracement of the Aug 8 - Oct 23 bull cycle
- SUP 3: $27.686 - Low Sep 6
- SUP 4: $26.451 - Low Aug 8
A bear cycle in Silver that started Oct 23 last year remains in play and recent gains still appear corrective. The metal is holding on to its latest gains and this does suggest scope for a continuation near-term. An extension would expose key resistance at $32.338, the Dec 12 high. Clearance of this level would signal a reversal. On the downside, support to watch is $29.509, the Jan 13 low, and $29.748, the Dec 19 low and the bear trigger.
