EM LATAM CREDIT: Argentina's President Milei Comments on Corruption Scandal
"President Javier Milei explicitly referred for the first time to the former director of the National Disability Agency, Diego Spagnuolo, and asserted that his statements about bribe payments involving his sister Karina, Secretary General of the Presidency, are "lies."
"Everything he says is a lie. We're going to take him to court and prove he lied," the president said during a campaign rally in Lomas de Zamora, when interviewed by C5N." (Clarin, translated)
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EURUSD TECHS: Cleanly Trades Through The 20-Day EMA
- RES 4: 1.1923 2.000 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 3: 1.1917 2.0% 10-dma envelope
- RES 2: 1.1851 High Sep 10 2021
- RES 1: 1.1749/1829 High Jul 24 / 01 and the bull trigger
- PRICE: 1.1591 @ 19:30 BST Jul 28
- SUP 1: 1.1585 Low Jul 28
- SUP 2: 1.1559/57 50-day EMA / Low Jul 17
- SUP 3: 1.1446 Low Jun 19
- SUP 4: 1.1405 Low Jun 11
EURUSD traded sharply lower Monday, posting the largest one-day downmove since November last year. This puts price further through support at the 20-day EMA, at 1.1684. The next key support to watch lies at the 50-day EMA, at 1.1559. A clear break of this average is required to signal a stronger reversal. Note that medium-term trend indicators continue to highlight a dominant uptrend. A resumption of gains would refocus attention on 1.1829, the Jul 1 high and the bull trigger.
OPTIONS: Expiries for Jul29 NY cut 1000ET (Source DTCC)
- EUR/USD: $1.1425-30(E607mln), $1.1500(E629mln), $1.1540-50(E830mln), $1.1600(E772mln), $1.1650(E1.7bln), $1.1700-20(E1.5bln), $1.1725-45(E2.1bln)
- USD/JPY: Y145.00($1.3bln), Y146.65-70($1.0bln), Y147.50-55($1.1bln), Y147.85-00($757mln)
- EUR/JPY: Y172.50(E706mln)
- AUD/USD: $0.6530-50(A$736mln), $0.6600(A$968mln)
- USD/CAD: C$1.3770($540mln)
PIPELINE: Corporate Bond Update: $2.75B RBC 3Pt Launched
- Date $MM Issuer (Priced *, Launch #)
- 07/28 $12B #Mexico 5Y +170
- 07/28 $2.75B #RBC $1.25B 4NC3 +62.5, $500M 4NC3 SOFR+88, $1B 6NC5 +73
- 07/28 $2B #Deutsche Bank $1.7B 6NC5 +98, $300M 6NC5 SOFR
- 07/28 $1.5B Community Health Systems 8.5NC3 9.5%a
- 07/28 $750M #M&T Bank 10NC5 +143
- 07/28 $600M #Ally Financial 8NC7 +137
- 07/28 $650M EW Scripps 5NC2 investor calls (expected to launch 7/29)
