LOOK AHEAD: CPI Inflation for November

Dec-11 11:01

US Data/Speaker Calendar (prior, estimate). All times ET

  • Dec-11 0700 MBA Mortgage Applications (2.8%, --)
  • Dec-11 0830 CPI MoM (0.2%, 0.3%), YoY (2.6%, 2.7%)
  • Dec-11 0830 Core CPI MoM (0.3%, 0.3%), YoY (3.3%, 3.3%)
  • Dec-11 0830 Real Avg Hourly Earning YoY (1.4%, --)
  • Dec-11 0830 Real Avg Weekly Earnings YoY (1.1% rev, --)
  • Dec-11 1130 US Tsy $64B 17W Bill auction
  • Dec-11 1300 US Tsy $39B 10Y Note re-open (91282CLW9)
  • Dec-11 1400 Federal Budget Balance (-$314B, -$356B)

Historical bullets

BUNDS: Block trade

Nov-11 10:48

Bund block trade, suggest seller:

  • RXZ4 2k at 132.29.

EURUSD TECHS: Fresh Trend Low

Nov-11 10:46

   

  • RES 4: 1.1040 High Oct 4    
  • RES 3: 1.0997 High Oct 8   
  • RES 2: 1.0937 High Nov 5 and key short-term resistance 
  • RES 1: 1.0850 20-day EMA   
  • PRICE: 1.0680 @ 06:06 GMT Nov 11
  • SUP 1: 1.0668 Intraday low 
  • SUP 2: 1.0666 Low Jun 26 and a key support
  • SUP 3: 1.0650 Low May 1
  • SUP 4: 1.0611 38.2% retracement of the Sep ‘22 - Jul ‘23 bull cycle     

A sharp sell-off on Nov 6 in EURUSD highlighted a resumption of the current downtrend. The move down resulted in a reversal of the recent Oct 23 - Nov 5 correction and a breach of 1.0761, the Oct 23 low, signalling scope for an extension towards 1.0666, the Jun 26 low. Today’s fresh cycle low reinforces the bearish theme. Key short-term resistance has been defined at 1.0937, the Nov 5 and 6 high. A break would highlight a potential reversal.

SONIA: Call fly vs put spread

Nov-11 10:42

SFIZ5 95.75/95.50ps vs 96.00/96.50/97.00c fly, bought the fly for half in 2k.