BUNDS: Bund tests support, BTP/Bund spread is testing 100bps
May-14 06:51
* German Bund and Bobl have somewhat caught up with the long end Buxl, putting the curves closer t...
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SOFR: Large early Butterfly in Rates
Apr-14 06:44
SFRH7/M7/U7 butterfly, bought for 7 in 20k.
CROSS ASSET: Early downside continuation for the Dollar
Apr-14 06:41
- Some early downside continuation for the Dollar, testing intraday lows against the EUR, GBP, SEK, MXN, KRW, PLN, CZK, NZD, CAD, AUD, SGD.
The Swissy was the only Currency that was trading in the red Overnight, but now back in the green. - Price action in Govies and Equities are still fairly limited, more a function of a pure FX move in the past few minutes.
- On Margin, Bund and Tnotes are seeing buying flow orders.
AUDUSD TECHS: Approaching Key Resistance
Apr-14 06:34
- RES 4: 0.6409 High Dec 9 and a key resistance
- RES 3: 0.6389 High Apr 3 and a reversal trigger
- RES 2: 0.6332 High Apr 4
- RES 1: 0.6320 High Apr 11
- PRICE: 0.6315 @ 07:34 BST Apr 14
- SUP 1: 0.6222 20-day EMA
- SUP 2: 0.6116/0.5915 Low 10 / Low Apr 9 and the bear trigger
- SUP 3: 0.5830 2.000 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5729 2.236 proj of the Sep 30 - Nov 6 - 7 price swing
AUDUSD maintains a firmer short-term tone following a strong reversal last week. The pair has breached the 50-day EMA, at 0.6265. The break of this average strengthens the reversal and signals scope for a continuation higher, towards 0.6389, the Apr 3 high and the next important resistance. For bears, a resumption of weakness would refocus attention on 0.5915, the Apr 9 low and bear trigger. First support lies at 0.6222, the 20-day EMA.
