OIL PRODUCTS: ARA Oil Product Stocks: Insights Global
Mar-14 15:22
ARA oil product exports according to Insights Global:
- Inventory type, latest level, weekly change (all in thousand metric tons) as follows:
- Gasoline: 1,234, -2
- Naphtha: 380, +22
- Gasoil: 2,106, +74
- Fuel Oil: 1,507, -132
- Jet Fuel: 775, +8
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STIR: Latest SOFR Call Structures
Feb-13 15:18
- +5,000 SFRM4 94.87/94.93/95.06/95.12 call condors, 1.5 ref 94.99
- -5,000 SFRK4 95.18/95.31 call spds vs. 95.50/95.75/95.87 call flys, 1.5 net
US: 2nd Mayorkas Impeachment Vote Today Ahead Of NY Special Election Result
Feb-13 15:08
House Speaker Mike Johnson (R-LA) is expected to re-run his vote to impeach Homeland Security Secretary Alejandro Mayorkas today after House Majority Leader Steve Scalise’s (R-LA) return to Congress following cancer treatment.
- Scalise’s return brings the GOP majority back to four votes, sufficient to overcome the three Republican defectors (Reps. Ken Buck (R-CO), Tom McClintock (R-CA) and Mike Gallagher (R-WI)) who defeated the vote last week.
- Holding the vote today may be critical as a concurrent New York special election to fill the vacant House seat of expelled former Republican Rep George Santos could shrink the GOP majority again if the Democrat candidate wins.
- However, running the vote again is a risk. Operating on such a fine whip count leaves the party vulnerable to weather, illness, personal emergencies, or other unforeseen circumstances which could render a lawmaker unable to attend the vote. If the vote falls short again, it would be the latest in a string of failures for the speaker which has degraded his power in the chamber and raised questions about his leadership style.
- The fact that Johnson is pressing ahead with the vote, despite the impeachment's certain dismissal in the Senate, illustrates how important House Republicans consider messaging on immigration.
AUDUSD TECHS: Fresh Trend Low
Feb-13 15:07
- RES 4: 0.6900 High Jun 16 and a key resistance
- RES 3: 0.6871 High Dec 28 and the bull trigger
- RES 2: 0.6729/71 High Jan 12 / 3
- RES 1: 0.6565/6625 20-day EMA / High Jan 30 and key resistance
- PRICE: 0.6456 @ 15:05 GMT Feb 13
- SUP 1: 0.6453 Low Nov 17
- SUP 2: 0.6412 76.4% Fibonacci retracement for Oct - Dec upleg
- SUP 3: 0.6360 Low Nov 14
- SUP 4: 0.6339 Low Nov 10
A bearish theme in AUDUSD remains intact and today’s break lower reinforces this theme. The move lower confirms a resumption of the downtrend and signals scope for weakness towards 0.6453, the Nov 17 low, and 0.6412, a Fibonacci retracement. Moving average studies are in a bear-mode set-up, highlighting a downtrend. Key resistance to watch is 0.6625, Jan 30 high. Initial resistance is at 0.6565, the 20-day EMA.
