CROSS ASSET: USD, Yields Gain on Better Consumer Confidence
May-28 14:08
Better consumer confidence numbers driving new gains across both US yields and the greenback, with EUR/USD now erasing the entirety of the overnight rally. USD Index close to flat on the day having steered clear of a material test of the 104.321 50-dma support.
Fade off daily EUR/USD highs keeps rangeplay in focus for the pair ahead of the more likely determinants for direction later in the week (PCE details on Thursday & Friday and the MNI Chicago PMI to round-off the week).
Consumer confidence reaction sees largest activity of the day across currency futures, and helps tip cumulative FX volumes ahead of average for this time of day - EUR futures volumes now ~13% ahead of what you'd expect at this time of day.
EUR: EURUSD Exchange traded Option
May-28 14:02
EURUSD (9th Aug) 1.1250c, sold at 0.0014 now, was sold earlier at 0.0015, 4.1k total done all day.
US TSYS: US TSY 26W BILL AUCTION: HIGH 5.170%(ALLOT 0.72%)
May-28 14:01
US TSY 26W BILL AUCTION: HIGH 5.170%(ALLOT 0.72%)
US TSY 26W BILL AUCTION: DEALERS TAKE 29.48% OF COMPETITIVES
US TSY 26W BILL AUCTION: DIRECTS TAKE 8.54% OF COMPETITIVES
US TSY 26W BILL AUCTION: INDIRECTS TAKE 61.99% OF COMPETITIVES