ASIA: ASEAN Fin Mins Talk Up Further Integration Amid Iran Conflict Fallout
Apr-10 11:52
The Association of Southeast Asian Nations (ASEAN) have published a joint statement: https://asean.o...
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OPTIONS: Larger FX Option Pipeline
Mar-11 11:26
- EUR/USD: Mar12 $1.1500(E1.2bln), $1.1650(E1.6bln); Mar13 $1.1670(E1.8bln); Mar16 $1.1600(E1.1bln)
- USD/JPY: Mar13 Y150.00($1.4bln); Mar16 Y156.00($1.3bln)
- AUD/USD: Mar12 $0.6975(A$1.1bln)
MNI: US MBA: MARKET COMPOSITE +3.2% SA THRU MAR 06 WK
Mar-11 11:00
- MNI: US MBA: MARKET COMPOSITE +3.2% SA THRU MAR 06 WK
OUTLOOK: Price Signal Summary - Trend Needle In EURUSD Points South
Mar-11 10:54
- In FX, the move higher in EURUSD is - for now - considered corrective. A bear cycle is in play and Monday’s fresh cycle low reinforces current conditions. Scope is seen for a move towards 1.1491, the Nov 21 ‘25 low. Note that MA studies highlight a bearish cross - if confirmed this would signal a medium-term bearish development. Initial firm resistance is at 1.1718, the 20-day EMA.
- The trend condition in GBPUSD remains bearish and the latest recovery appears corrective - for now. A resump[tion of weakness would signal scope for a move towards 1.3212, the 76.4% retracement of the Nov 4 ‘25 - Jan 27 bull cycle. On the upside, initial firm resistance is seen at 1.3575, the Feb 26 high.
- The trend set-up in USDJPY is bullish. Resistance at 157.76, the Feb 9 high, has been cleared. The clear breach of this level opens 159.45, the Jan 14 high and a key hurdle for bulls. On the downside, initial firm support lies at 155.94, the 50-day EMA.
