US: Democrats Struggle To Win Back Trust On Issues Despite Trump's Low Approval

Jun-04 17:24

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MNI EXCLUSIVE: ISM Services Chair On Outlook

May-05 17:05

MNI interviews ISM services chair on sector outlook -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

EURUSD TECHS: Monitoring Support

May-05 17:00
  • RES 4: 1.1996 High Jan 29
  • RES 3: 1.1929 76.4% retracement of the Jan 27 - Mar 13 bear leg
  • RES 2: 1.1857 High Feb 18 
  • RES 1: 1.1785/1849 High May 01 / 17 and the bull trigger 
  • PRICE: 1.1704 @ 15:48 BST May 5
  • SUP 1: 1.1655 Low Apr 30 
  • SUP 2: 1.1590 Low Apr 8
  • SUP 3: 1.1505 Low Apr 6 and a key S/T support
  • SUP 4: 1.1443/11 Low Mar 30 / Low Mar 13 & 16 and the bear trigger

Attention in EURUSD is on support at the 50-day EMA - currently at 1.1683. It has once again been pierced. While this support holds, the outlook remains bullish. However, a clear break of it would suggest scope for a stronger S/T reversal and open 1.1505, the Apr 6 low. For bulls, a reversal higher would refocus attention on 1.1849, the Apr 17 high and bull trigger. Clearance of this hurdle would confirm a resumption of the uptrend that started mid-March.

PIPELINE: Corporate Bond Update: $1.5B Humana Launched

May-05 16:53
  • Date $MM Issuer (Priced *, Launch #)
  • 05/05 $1.5B #Humana $750M each: 10Y +165, 30Y +190
  • 05/05 $1.3B Solaris Energy 5NC2 6.625%a
  • 05/05 $1B #VSP Optical $500M each: 7Y +118, 10Y +128
  • 05/05 $1B #Bank of Ireland 6.5NC5.5 +93
  • 05/05 $750M MGM China WNG 7NC3 6.5%a
  • 05/05 $750M #Booking 10Y +97
  • 05/05 $500M #Patterson WNG 10Y +165
  • 05/05 $500M #Flowserve 10Y +130