GBPUSD TECHS: Bearish Threat
Sep-04 17:30
- RES 4: 1.3681 High Jul 4
- RES 3: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg
- RES 2: 1.3550/3595 High Sep 1 / High Aug 14
- RES 1: 1.3470 20-day EMA
- PRICE: 1.3427 @ 16:18 BST Sep 4
- SUP 1: 1.3333 Low Sep 3
- SUP 2: 1.3315 61.8% retracement of the Aug 1 - 14 bull leg
- SUP 3: 1.3249 76.4% retracement of the Aug 1 - 14 bull leg
- SUP 4: 1.3142 Low Aug 1 and a key support
A bear threat in GBPUSD remains present following Tuesday’s sell-off. The pair has traded through a key support at 1.3391, the Aug 22 low. This signals scope for a deeper retracement and exposes 1.3315 next, a Fibonacci retracement. Clearance of this level would strengthen a bearish threat. On the upside, a breach of 1.3595, the Aug 14 high, is required to reinstate a bull theme. Initial resistance is at 1.3470, the 20-day EMA.
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SOFR OPTIONS: Large Dec'25 SOFR Put Condor Spread & Midcurve Call Spread
Aug-05 17:24
- +20,000 SFRZ5 96.25/96.37/96.50/96.62 put condors vs. 95.75/95.87/96.00/96.12 put condor, .25 net
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US TSYS/SUPPLY: Review 3Y Note Auction: Another Small Tail
Aug-05 17:03
- Treasury futures remain weaker, little react after $58B 3Y note auction (91282CNU1) tails yet again: drawing 3.669% high yield vs. 3.662% WI; 2.53x bid-to-cover vs. 2.51x prior.
- Peripheral stats see indirect take-up slips to 53.99% vs. 54.11% prior; direct bidder take-up 28.13% from 29.38% prior; primary dealer take-up rises to 17.88% vs. 16.51% prior.
- The next 3Y auction is tentatively scheduled for September 9.
FED: US TSY 3Y NOTE AUCTION: HIGH YLD 3.669%; ALLOTMENT 72.30%
Aug-05 17:02
- US TSY 3Y NOTE AUCTION: HIGH YLD 3.669%; ALLOTMENT 72.30%
- US TSY 3Y NOTE AUCTION: DEALERS TAKE 17.88% OF COMPETITIVES
- US TSY 3Y NOTE AUCTION: DIRECTS TAKE 28.13% OF COMPETITIVES
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- US TSY 3Y AUCTION: BID/CVR 2.53
