COMMODITIES: Bull Cycle in Gold Remains Key Driver
Feb-21 09:48
A bull cycle in Gold remains in play and the yellow metal continues to hold on to the bulk of its recent gains. Fresh highs once again confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows. WTI futures traded firmer Wednesday, before fading into the close and confirming the still-present bear threat. Earlier this week, price pulled back from the recent high and has again traded below the 50-day EMA - at $71.62.
- WTI Crude down $0.46 or -0.63% at $72.06
- Natural Gas up $0.19 or +4.48% at $4.337
- Gold spot down $11.71 or -0.4% at $2927.63
- Copper down $5.05 or -1.08% at $461.3
- Silver down $0.05 or -0.14% at $32.9275
- Platinum down $10.49 or -1.07% at $970.22
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EGB OPTIONS: Schatz call spread seller
Jan-22 09:44
DUG5 106.70/106.80cs, sold at 2.5 in 5k vs 1.25k at 106.675.
EQUITIES: Estoxx call spread seller
Jan-22 09:36
SX5E (21st Feb) 5200/5300cs, sold at 44.60 in 12k.
EGB SYNDICATION: Spain 10-year Obli: Revised guidance
Jan-22 09:32
- Guidance: 3.45% Oct-34 Obli (mid) +6bp area (+/1bp WPIR) (Guidance was +8bp area)
- Size: EUR benchmark (MNI expects E10-15bln)
- Books in excess of E150bln
- Maturity: 30 April 2035
- Coupon: Short first
- ISIN: ES0000012O67
- Settlement: 29 January 2025 (T+5)
- Bookrunners: BBVA, CACIB, DB (B&D/DM), JPM, MS, SANTANDER
- Timing: Books open, today's business
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