BNM: Bank Negara Malaysia Leaves Key Rate Unchanged

Jan-22 07:00

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Bank Negara Malaysia (BNM) left the Overnight Policy Rate (OPR) unchanged at 2.75%, in line with a v...

Historical bullets

EURJPY TECHS: Sights Are On Channel Resistance

Dec-23 06:59
  • RES 4: 186.41 2.618 proj of the Jul 31 - Sep 29 - Oct 2 price swing
  • RES 3: 185.77 2.5000 proj of the Jul 31 - Sep 29 - Oct 2 price swing
  • RES 2: 185.16 Bull channel top drawn from the Feb 28 low
  • RES 1: 184.92 High Dec 22
  • PRICE: 184.70 @ 15:32 GMT Dec 22
  • SUP 1: 182.07 20-day EMA
  • SUP 2: 179.85 50-day EMA 
  • SUP 3: 178.48 Low Nov 12
  • SUP 4: 177.02 Bull channel support drawn from the Feb 28 low

The trend structure in EURJPY is bullish and last Friday’s impulsive rally strengthens current conditions. The move higher confirms a resumption of the primary uptrend. Sights are on 185.16, the top of a bull channel drawn from the Feb 28 low. This level also represents a key resistance point. On the downside, support to watch lies at 182.07, the 20-day EMA. A breach of it would signal the start of a corrective cycle.

SOFR: SFRU6/Z6/H7 Fly Lifted Overnight

Dec-23 06:59

Flow of note from the Asia-Pac session SFRU6/Z6/H7 fly paper paid -5.5 on ~7.5KK.

US TSY OPTIONS: TYG6 110.50 Puts Sold Overnight

Dec-23 06:58

Flow of note from the Asia-Pac session TYG6 110.50 puts ~3.6K given at 0-03.