POWER: Dutch Government To Introduce Offshore Wind Subsidies
Sep-17 07:27
The Dutch government said on Tuesday it plans to grand around 1bln in subsidies for new offshore win...
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USDCAD TECHS: Watching Support At The 20-Day EMA
Aug-18 07:25
- RES 4: 1.4111 High Apr 10
- RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg
- RES 2: 1.3920 High May 21
- RES 1: 1.3879 High Aug 1 and a bull trigger
- PRICE: 1.3798 @ 08:24 BST Aug 18
- SUP 1: 1.3722 Low Aug 22
- SUP 2: 1.3576 Low Jul 23
- SUP 3: 1.3557/40 Low Jul 3 / Low Jun 16 and the bear trigger
- SUP 4: 1.3503 1.618 proj of the Feb 3 - 14 - Mar 4 price swing
USDCAD remains subdued, despite the recent shallow recovery. Attention is on support around the 20-day EMA, at 1.3758. A clear break of this EMA would resume the correction off the early August high at 1.3879. This would expose 1.3576, the Jul 23 low. Key medium-term support and the bear trigger lies at 1.3540, the Jun 16 low. For bulls, a break of 1.3879, the Aug 1 high, would cancel a bear threat and resume the recent bull cycle.
EGB OPTIONS: Bobl Put Spread
Aug-18 07:24
OEU5 117.50/117.25ps 1x2, traded for -10 in 4k.
BUNDS: The Long end is leading the Gains
Aug-18 07:20
- The Long end is again leading in early trade, this time on the way up for Futures, which is helping the curves to flatten.
- The German Buxl (UBU5) is already up over 50 ticks, but would need a test all the way to 115.50, to just reverse Friday's heavy sell off, this was Friday's high.
- Not seen any big Flows besides a 5.3k buyer in Bobl and 2k in BTP.
