ARGENTINA: BCRA Keep Benchmark Interest Rate Unchanged At 75%

Feb-16 19:19
  • Argentina's central bank maintains benchmark interest rate at 75%, as broadly expected.

Historical bullets

STIR: BLOCK: SOFR White Pack

Jan-17 19:05
  • 4,000 SOFR White packs (SFRH3-SFRZ3) +0.020 at 1400:27ET, 17k appr total on day

US TSY OPTIONS: Recent 10Y Put Spd, 5Y Puts

Jan-17 19:00
  • 2,700 TYG 113/114 put spds, 15 ref 114-20.5
  • 3,000 FVG 109.5 puts, 29.5 ref 109-12.5

EURGBP TECHS: Slips into Close, But Bulls Remain In Driver's Seat

Jan-17 19:00
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8897 High Jan 13
  • PRICE: 0.8799 @ 16:12 GMT Jan 17
  • SUP 1: 0.8769 Low Jan 9
  • SUP 2: 0.8755 50-day EMA
  • SUP 3: 0.8691 Low Dec 19
  • SUP 4: 0.8646 High Dec 8

EURGBP drifted lower into the Tuesday close, but the short-term condition remains bullish for now. Last week's gains confirmed a resumption of the bull cycle and has maintained a bullish price sequence of higher highs and higher lows. The focus is on 0.8907, a Fibonacci retracement point. Moving average studies continue to highlight a bullish backdrop, reinforcing the current trend direction. Initial firm support is seen at 0.8755, the 50-day EMA. A clear break of the EMA would be bearish.