EURGBP TECHS: Attention Is On Key Support
Jun-12 18:00
* RES 4: 0.8747 76.4% retracement of the Feb 27 - Mar 16 bear leg * RES 3: 0.8742 High Mar 31 and Ap...
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PIPELINE: Corporate Bond Update: Waiting on Wells Fargo, US Bank
May-13 17:34
- Date $MM Issuer (Priced *, Launch #)
- 05/13 $6B *World Bank 10Y SOFR+44
- 05/13 $4B *KFW 5Y SOFR+29
- 05/13 $3B *CADES +3Y SOFR+43
- 05/13 $2B #Medline $1.25B 5Y +87.5, $750M 7Y +100
- 05/13 $1.8B #Cumberland Combined Cycle WNG 30Y +78
- 05/13 $1B *COE Development bank 3Y SOFR+22
- 05/13 $1B *Egypt 8Y 7.625%
- 05/13 $Benchmark Wells Fargo 3NC2 +60, 3NC2 SOFR+72, 6NC5 +73
- 05/13 $Benchmark US Bank 3NC2 +55, 3NC2 SOFR, 15NC10 +125
- 05/13 $Benchmark Old Republic 10Y +123
- Later this week:
- 05/14 $1.8B Kennedy-Wilson $900M each: 5NC2, 7NC3
- 05/?? $1.4B DirecTV 6NC2
GBPUSD TECHS: Trading Above The 50-Day EMA
May-13 17:30
- RES 4: 1.3868 High Jan 27 and a key bull trigger
- RES 3: 1.3814 High Jan 30
- RES 2: 1.3701 76.4% retracement of the Jan 27 - Mar 31 bear leg
- RES 1: 1.3658 High May 01
- PRICE: 1.3518 @ 16:06 BST May 13
- SUP 1: 1.3483 50-day EMA
- SUP 2: 1.3381 Low Apr 13
- SUP 3: 1.3287/3159 Low Apr 8 / Low Mar 31 and the bear trigger
- SUP 4: 1.3125 Low Nov 26 ‘25
GBPUSD is in consolidation mode and continues to trade closer to its recent highs. The short-term outlook remains bullish. A resumption of gains would open 1.3701, a Fibonacci retracement. Support to watch is 1.3483, the 50-day EMA. A clear break of the average would highlight a bearish development and signal a stronger short-term reversal. This would open 1.3381, the Apr 13 low.
US TSY OPTIONS: Jun'26 30Y Call Fly
May-13 17:16
- 5,000 USM6 112.5/113.5/114.5 call flys, 6 ref 112-03
