SILVER TECHS: Bullish Theme
Jun-26 07:02
* RES 4: $39.026 - 1.382 proj of the Apr 7 - 25 - May 15 price swing * RES 3: $38.246 - 1.236 proj o...
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USDCAD TECHS: Resumes Its Downtrend
May-27 06:59
- RES 4: 1.4200 Round number resistance
- RES 3: 1.4111 High Apr 4
- RES 2: 1.3984/1.4016 50-day EMA / High May 12 and 13
- RES 1: 1.3882 20-day EMA
- PRICE: 1.3746 @ 07:58 BST May 27
- SUP 1: 1.3686 Low May 26
- SUP 2: 1.3643 Low Oct 9 ‘24
- SUP 3: 1.3579 1.500 proj of the Feb 3 - 14 - Mar 4 price swing
- SUP 4: 1.3503 1.618 proj of the Feb 3 - 14 - Mar 4 price swing
A downtrend in USDCAD remains intact and the latest move down reinforces this theme. The pair has traded through support at 1.3751, the May 6 low. This confirms a resumption of the downtrend and maintains the sequence of lower lows and lower highs. Scope is seen for an extension towards the 1.3600 handle while further out, the move down opens 1.3420, the Sep 25 ‘24 low. Initial resistance is 1.3882, the 20-day EMA.
BONDS: EGBs are pushing higher post French CPI
May-27 06:48
- A 10 ticks jump for Bund, and 20 ticks in OAT after the French CPI come below Consensus, but initial Tech levels are still untouched.
- The next immediate resistance in OATM5 is at 125.60, so far only printed a 125.40 high.
MNI: FRANCE MAY HICP -0.2% M/M, +0.6% Y/Y
May-27 06:45
- MNI: FRANCE MAY HICP -0.2% M/M, +0.6% Y/Y
- MNI: FRANCE MAY CPI -0.1% M/M, +0.7% Y/Y
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