SECURITY: Trump Gave Iran A Two-Month Deadline For Reaching Nuclear Deal - Axios

• ECB’s Holzmann, a pre-eminent hawk and with a voting role at the March meeting, has been reported on newswires as saying there’s “some” probability of a March rate cut.
• “Some” is at odds with the market where OIS has another 25bp cut as 98% priced.
• He goes on to add that decisions in favor of more cuts are “getting harder”.
• His comments are the closest to pushback on this market pricing ahead of the March decision just over 2 weeks away.
• See our weekly summary of ECB Speak published earlier today: https://media.marketnews.com/250217_Weekly_ECB_Speak_Wrap_3f23c8ea91.pdf

ZEW president assesses Germany's economy ahead of this weekend's elections..-On MNI Policy MainWire now, for more details please contact sales@marketnews.com

• RES 4: 110-25   High Dec 12
• RES 3: 110-19   76.4% retracement of the Dec 6  - Jan 13 bear leg    
• RES 2: 110-14   High Dec 14
• RES 1: 110-00   High Feb 7 and the bull trigger 
• PRICE:‌‌ 109-07 @ 16:46 GMT Feb 17
• SUP 1: 108-04/00 Low Feb 12 / Low Jan 16   
• SUP 2: 107-06   Low Jan 13 and the bear trigger 
• SUP 3: 107-04   Low Apr 25 ‘24 and a key support 
• SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

Treasury futures remain above last week’s lows and price has risen above the 50-day EMA. A continuation higher would expose key resistance and a bull trigger at 110-00, the Feb 7 high. For bears, recent weakness resulted in a break of 108-20+, the Feb 4 low, highlighting the end of the corrective cycle between Jan 13 - Feb 7. A continuation lower would open 108-00, the Jan 16 low, and expose 107-06, the Jan 13 low and bear trigger.