RENEWABLES: CWE Morning Solar Forecast
Aug-27 06:23
See the latest CWE solar forecast for peak-load hours starting this morning for the next seven days....
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BTP TECHS: (U5) Corrective Cycle
Jul-28 06:20
- RES 4: 122.35 2.500 proj of the May 14 - 20 - 21 price swing
- RES 3: 122.00 Round number resistance
- RES 2: 121.46/121.73 High Jul 22 / High Jun 13 and the bull trigger
- RES 1: 120.65 20-day EMA
- PRICE: 120.21@ Close Jul 25
- SUP 1: 119.59 Low Jul 25
- SUP 2: 119.48 Low May 26
- SUP 3: 118.87 Low May 21
- SUP 4: 118.51 Low May 14 and key support
The primary trend condition in BTP futures remains bullish, however, a corrective cycle is in play. Friday’s volatile session resulted in a break of support at 119.84, the Jul 14 low. A continuation of the bear cycle would open 118.87, the May 21 low. On the upside, initial firm resistance to watch is 120.65, the 20-day EMA. A break of this EMA would expose key resistance and the bull trigger at 121.73, the Jun 13 high.
BUNDS: Inflation, Growth, Fed and Month End this Week
Jul-28 06:16
- The German Bund is unaffected from the reports that the US and EU have struck a 15% Tariff deal, but the immediate focus for Global investors will be on the Equity move, a new record high for the US Emini, while the Estoxx Futures (VGU5) could now target the July high of 5488.00.
- For the German Bund, it seems that the 2.75% area in the 10yr Yield provided some support on Friday, although it did print as high as 2.769%.
- Immediate upside target is at 129.50, Today's opening Gap, ahead of 130.00, the initial resistance.
- Support comes at Friday's low of 128.84.
- This Week sees some European CPIs and Growth Data, while the FOMC will take centre stage. The Fed is expected to be unchanged at 4.50%.
- MONTH END: is Small for the US, Decent for the EU, and HUGE for the UK at +0.22yr vs a +0.23yr July Historic high.
RATINGS: Finland Downgraded At Fitch, Turkey Upgraded At Moody's
Jul-28 06:09
Sovereign rating reviews of note from after hours on Friday include:
- Fitch downgraded Finland to AA; Outlook Stable
- Fitch affirmed Turkey at BB-; Stable Outlook
- Moody's upgraded Turkey to Ba3, outlook stable
- Morningstar DBRS confirmed Belgium at AA, Stable Trend
- S&P affirmed Luxembourg at AAA; Outlook Stable
- Scope Ratings affirmed Ireland at AA; Outlook Stable
- Scope Ratings affirmed Sweden at AAA rating; Outlook Stable
