PIPELINE: Corporate Bond Update

Jul-09 17:39

Date $MM Issuer (Priced *, Launch #)
07/09 $900M #Public Storage Corp $400M +5Y +58, $500M 10Y +80
07/09 $700M #Guardian Life 3Y +55

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GBPUSD TECHS: Support Remains Exposed

Jun-09 17:30

RES 4: 1.3658 High May 1 and a key resistance
RES 3: 1.3574 76.4% retracement of the May 1 - 18 bear leg
RES 2: 1.3522 61.8% retracement of the May 1 - 18 bear leg
RES 1: 1.3435/1.3509 20-day EMA / High May 26
PRICE: 1.3384 @ 16:41 BST Jun 9
SUP 1: 1.3303 Low May 18 and the bear trigger
SUP 2: 1.3277 76.4% retracement of the Mar 31 - May 1 bull leg
SUP 3: 1.3212 Low Apr 7
SUP 4: 1.3159 Low Mar 31 and a key support

Key short-term support in GBPUSD at 1.3303, the May 18 low, remains exposed. Clearance of this price point would strengthen a bearish threat and pave the way for an extension towards 1.3277, the 76.4% retracement of the Mar 31 - May 1 bull leg. Clearance of this level would strengthen a bearish theme and open 1.3159, the Mar 31 low. Key short-term resistance is at 1.3509, the May 26 high.

IRAN: NYT Reports US-Iran Zeroing On Four Nuclear Issues

Jun-09 17:26

Bloomberg headlines from the full report, here.

"*US, IRAN ZERO IN ON FOUR NUCLEAR ISSUES IN TALKS: NYT
*US BELIEVES IRAN TO SETTLE ON 15-YR ENRICHMENT SUSPENSION: NYT
*NYT CITES US OFFICIALS, DIPLOMATS BRIEFED ON US, IRAN TALKS" - bbg

Combined with Axios headlines on not yet ruling whether the US helicopter crash was intentional, it helps extend a move off lows for US equity futures. They had earlier seen additional downward pressure on President Trump posting that the US must respond to an Iran attack on a US helicopter.

"*IRANIAN DRONE HIT US HELICOPTER AND GOT IT TO CRASH: AXIOS
*US INVESTIGATION HASN'T DETERMINED IF IT WAS INTENTIONAL: AXIOS" - bbg