EURUSD TECHS: Clear of Support
Oct-24 17:00
- RES 4: 1.1919 High Sep 17 and a bull trigger
- RES 3: 1.1820 High Sep 23
- RES 2: 1.1775 61.8% retracement of the Sep 17 - Oct 9 bear leg
- RES 1: 1.1663/1728 50-day EMA / High Oct 17 and key resistance
- PRICE: 1.1631 @ 16:19 BST Oct 24
- SUP 1: 1.1542 Low Oct 9 and the bear trigger
- SUP 2: 1.1516 76.4% retracement of the Aug 1 - Sep 17 bull leg
- SUP 3: 1.1392 Low Aug 1 and bear trigger
- SUP 4: 1.1313 Low May 30
Prices rallied Friday on the back of the US inflation print, keeping prices clear of key short-term support at 1.1542, the Oct 9 low. Clearance of this level would cancel a recent bullish signal and a move lower would instead confirm a resumption of the bear cycle that started on Sep 17. This would open 1.1516, a Fibonacci retracement. Price needs to break above 1.1728, the Oct 17 high, to reinstate a bull theme.
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US TSYS/SUPPLY: WI 5Y
Sep-24 16:58
The 5Y WI drifting around 3.706% to 3.707%, 2.3-2.2bp rich to last month's tail: 3.724% high yield vs. 3.716% WI.
OPTIONS: Notable Put Structures Across Euribor And German Bonds
Sep-24 16:52
Wednesday's Europe rates/bond options flow included:
- DUV5 107.20/107.10/106.90p ladder, sold at -9.25 (receive) in 7.6k
- RXX5 127/126 put spread sees paper pay 13 on 4K vs. 4K RXV5 128 puts at 7.
- ERH6/0RH6 98.125/98.00ps spread, bought the front for half in 5k
- ERF6 98.125/98.25 call spread, bought for 2 in 6.8k
- ERH6 98.25/98.37 call spread paper paid 1 on 2K
- ERM6 98.25/98.37cs, bought for 2.25 in 10k
- 0RZ5 97.9375/97.75ps 1x2 with 2RZ5 97.75/97.625 ps 1x2, sold the strip at 2.25 in 2.5k.
- SFIG6 96.20/96.10/96.00p fly, bought for 2 and 2.25 in 25k
FED: US TSY 5Y AUCTION: NON-COMP BIDS $96 MLN FROM $70.000 BLN TOTAL
Sep-24 16:45
- US TSY 5Y AUCTION: NON-COMP BIDS $96 MLN FROM $70.000 BLN TOTAL
