EURJPY TECHS: Bullish Theme
Oct-24 19:00
* RES 4: 180.75 Top of a bull channel drawn from the Feb 28 low * RES 3: 180.00 Psychological round ...
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US TSY OPTIONS: Late Oct'25 10Y Put Buy
Sep-24 18:58
+15,000 TYV5 113 puts, 23 ref 112-20.5
EURUSD TECHS: Corrective Pullback
Sep-24 18:53
- RES 4: 1.2063 2.236 proj of the Feb 28 - Mar 18 - 247 price swing
- RES 3: 1.2000 Round number resistance
- RES 2: 1.1923 2.00 proj of the Feb 28 - Mar 18 - 247 price swing
- RES 1: 1.1919 High Sep 17 and key short-term resistance
- PRICE: 1.1738 @ 19:46 BST Sep 24
- SUP 1: 1.1726/1678 Low Sep 22 / 50-day EMA
- SUP 2: 1.1574 Low Aug 27
- SUP 3: 1.1528 Low Aug 5
- SUP 4: 1.1392 Low Aug 1 and bear trigger.
The trend theme in EURUSD is unchanged, it remains bullish and the recent pullback appears corrective. Resistance at 1.1743, the Aug 22 high, has recently been cleared, reinforcing a bull cycle. Last week's gains resulted in a climb above 1.1829 the Jul 01 high and a bull trigger. Clearance of this hurdle opens 1.1923, a Fibonacci projection. The pair traded lower Wednesday, support to watch is 1.1678. the 50-day EMA.
US TSYS: Extending Lows on Chicago Fed Goolsbee Comments
Sep-24 18:47
- Treasuries extend late session lows after FT cited Chicago Fed Pres Goolsbee saying he is
- "UNCOMFORTABLE OVERLY FRONTLOADING RATE CUTS" while we "STILL HAVE MOSTLY STEADY, SOLID JOBS MARKET...AT THE SAME TIME, INFLATION IS GOING THE WRONG WAY"
- Currently, the Dec'25 10Y trades -7 at 112-21 (yld 4.1447% +.0385) vs. 112-20 low - nearing technical support at 112-205/112-155 (Low Sep 22 / High Aug 5 and 14). Resistance above at 113-12/29 High Sep 18 / High Sep 11 and the bull trigger.
- Curves mildly steeper: 2s10s +2.868 at 54.666, 5s30s +.195 at 105.129.
- US$ index near highs, Bbg's BBDXY +6.56 at 1202.23.
