RATINGS: A Mix Of Stable & Negative Outlooks Up For Review Today

Feb-17 15:32

Sovereign credit rating reviews of note scheduled for after hours on Friday include:

  • Fitch on Finland (current rating: AA+; Outlook Stable) & Slovakia (current rating: A; Outlook Negative)
  • Moody’s on Switzerland (current rating: Aaa; Outlook Stable)
  • S&P on Estonia (current rating: AA-; Outlook Negative) & Poland (current rating: A-; Outlook Stable)
  • DBRs Morningstar On Spain (current rating: A, Stable Trend)

Historical bullets

EGB OPTIONS: Bund put spread buyer

Jan-18 15:25

RXH3 136/134ps, bought for 22 and 23 in 3k

US TSY OPTIONS: BLOCK, 10Y Call Spd

Jan-18 15:06
  • 7,500 TYG3 114.75/115 call spds, 11 ref 115-23.5 at 0954:51ET, more on screen

EURGBP TECHS: Pierces The 50-Day EMA

Jan-18 15:04
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8897 High Jan 13 and the bull trigger
  • PRICE: 0.8754 @ 15:00 GMT Jan 18
  • SUP 1: 0.8738 Intraday low
  • SUP 2: 0.8691 Low Dec 19
  • SUP 3: 0.8646 High Dec 8
  • SUP 4: 0.8593 Low Dec 15

EURGBP has traded lower today, extending Tuesday’s bearish session. The cross has traded below the 50-day EMA, at 0.8756. This represents a key short-term support and a clear break of it would undermine the recent bull phase and signal scope for a deeper retracement. This would open 0.8691 initially, the Dec 19 low. On the upside, key short-term resistance has been defined at 0.8897, the Jan 13 high.