AMERICAS OIL: Canadian Heavy Crude Weakens as Trump-Trudeau Call Ends: Bloomberg
Mar-05 19:20
Canadian Heavy Crude Weakens as Trump-Trudeau Call Ends: Bloomberg
- Western Canadian Select’s discount to WTI widens to about $13.80/bbl in Alberta, according to people familiar.
- The discount ended Tuesday at $13.60/bbl.
- US President Donald Trump says in social media post that Canada hasn’t done enough to stop flow of fentanyl across border.
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MNI EXCLUSIVE: ISM Manufacturing Survey Chair On Potential Tariff Impact
Feb-03 19:19
MNI interviews the chair of the ISM manufacturing survey on the potential impact of tariffs. -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US TSY OPTIONS: Large Short-Term Call Buy, Opener
Feb-03 19:01
- +45,600 wk2 TY 112.75 calls, 1 ref 109-01 (expire Friday) - new trade, no open interest on option that expires Friday
EURGBP TECHS: Bear Threat Remains Present
Feb-03 19:00
- RES 4: 0.8474 High Jan 20 and a key resistance
- RES 3: 0.8421 High Jan 27
- RES 2: 0.8381 20-day EMA
- RES 1: 0.8363 Intraday high
- PRICE: 0.8297 @ 16:46 GMT Feb 3
- SUP 1: 0.8296 Low Feb 3
- SUP 2: 0.8223 Low Dec 19 and a key support
- SUP 3: 0.8203 Low Mar 7 ‘22 and a lowest point of a multi-year range
- SUP 4: 0.8000 Round number support
EURGBP is trading in a volatile manner. The bear cycle that started Jan 20 remains in play and today’s price activity has strengthened - for now - a bearish threat. A resumption of weakness would pave the way for a move towards the first key support at 0.8223, the Dec 19 low. On the upside, the 20-day EMA is seen as a key short-term resistance - at 0.8381. A breach of the EMA would highlight a bullish development.
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