BONDS: EGBs-GILTS CASH CLOSE: Further Bear Flattening Ahead Of ECB / BOE
Apr-29 17:00
European rates continued to sell off ahead of Thursday's central bank decisions. * Once again it wa...
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EURUSD TECHS: Bear Threat Still Present
Mar-30 17:00
- RES 4: 1.1825 61.8% retracement of the Jan 27 - Mar 13 bear leg
- RES 3: 1.1796 High Mar 2
- RES 2: 1.1746 50.0% retracement of the Jan 27 - Mar 13 bear leg
- RES 1: 1.1590/1660 20- and 50-day EMA values
- PRICE: 1.1456 @ 16:07 GMT Mar 30
- SUP 1: 1.1455/11 Low Mar 30 / Low Mar 13 & 16 and the bear trigger
- SUP 2: 1.1373 1.764 proj of the Jan 27 - Feb 6 - 10 price swing
- SUP 3: 1.1340 38.2% retracement of the Feb 3 ‘25 - Jan 27 bull cycle
- SUP 4: 1.1299 2.000 proj of the Jan 27 - Feb 6 - 10 price swing
A bearish trend theme in EURUSD remains intact and recent short-term gains appear to have been corrective. Resistance at the 20-day EMA, at 1.1590, has been pierced but remains intact - for now. A more important resistance is at the 50-day EMA, at 1.1660. A confirmed breach of this EMA would signal a stronger reversal. The bear trigger lies at 1.1411, the Mar 13 and 16 low. Clearance of this support would resume the downtrend.
OPTIONS: Call Condor Buying Resumes From Last Week
Mar-30 16:52
- Monday's Europe rates/bond options flow included:
- ERU6 97.75/97.50/97.00p ladder, bought for 1 in 6k
- SFIM6 95.95/96.05/96.10/96.25c Condor, bought for half in 15k total
- SFIU6 96.00/96.10/96.15/96.25c condor, bought for 1 up to 1.25 in 5k
- SFIU6 96.00/96.25/96.50c fly, bought for 4.5 in 5k
US TSY OPTIONS: May'26 30Y Call Fly
Mar-30 16:46
- 5,300 USK6 116/118/120 call flys, 14 net ref 113-21
