PIPELINE: Corporate Bond Update: $1.3B Bunge Ltd Finance 2Pt Launched

RRP usage retreats to $245.530B this afternoon from $460.731B yesterday (highest since December 31), total number of counterparties falls to 38 from 62. Usage had fallen to $54.772B on Wednesday, April 16 -- lowest level since April 2021.

When asked in Q&A at a visit of the "Alligator Alcatraz" detention facility, President Trump offered the possibility of arresting Mamdani, the winner of the New York City Democratic mayoral primary. 

• Q: Zohran Mamdani in his nomination speech said he will defy ICE and will not allow ICE to arrest criminal aliens in NYC. What's your message to communist Zohran Mamdani?
• Trump: Well then we'll have to arrest him. Look, we don't need a communist in this country, but if we have one, I'm going to be watching over him very carefully on behalf of the nation.

• RES 4: 1.1923 2.000 proj of the Feb 28 - Mar 18 - 27 price swing
• RES 3: 1.1865 2.0% 10-dma envelope
• RES 2: 1.1851 High Sep 10 2021 
• RES 1: 1.1830 High Jul 01
• PRICE: 1.1774 @ 15:59 BST Jul 1
• SUP 1: 1.1631 High Jun 12 and a recent breakout level
• SUP 2: 1.1554 20-day EMA
• SUP 3: 1.1446 Low Jun 19  
• SUP 4: 1.1389 50-day EMA

The trend set-up in EURUSD strengthened further Tuesday and the pair continues to appreciate. Last week’s gains resulted in a breach of resistance and a bull trigger at 1.1631, the Jun 12 high. This confirms a resumption of the uptrend. The 1.1800 handle has been pierced, sights are on 1.1851, the Sep 10 2021 high. Key short-term support to watch lies at 1.1554, the 20-day EMA. A clear break of this average is required to signal scope for a deeper retracement.