BONDS: EGBs-GILTS CASH CLOSE: Gilts Underperform On Data...Again
Jul-17 18:03
Gilts underperformed Bunds for a second day Thursday, with UK data again coming in firmer than expec...
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US: State Department Press Conference Underway Shortly
Jun-17 18:01
US State Department Spokesperson Tammy Bruce is shortly scheduled to brief reporters from the Department of State. LIVESTREAM
- If the presser goes forward, there will be considerable market interest on any details that could flesh out the administration's position on Iran, including the prospect of diplomacy or outreach to Tehran from Secretary of State Marco Rubio.
- US President Donald Trump told reporters aboard Air Force One yesterday, without conviction, that he “may” dispatch either Vice President JD Vance or Middle East envoy Steve Witkoff for talks with Iranian officials.
EURGBP TECHS: Bullish Outlook
Jun-17 18:00
- RES 4: 0.8624 High Apr 21
- RES 3: 0.8592 61.8% retracement of the Apr 11 - May 29 downleg
- RES 2: 0.8566 High Apr 24
- RES 1: 0.8547 High Jun 12
- PRICE: 0.8527 @ 15:41 BST Jun 17
- SUP 1: 0.8476/8450 Low Jun 12 / 50-day EMA
- SUP 2: 0.8407/8356 Low Jun 4 / Low May 29 and the bear trigger
- SUP 3: 0.8327 1.382 proj of the Apr 11 - 16 - 21 price swing
- SUP 4: 0.8316 Low Mar 28 and a key support
A bullish theme in EURGBP remains intact and last week’s gains reinforce current conditions. The cross remains above the 50-day EMA and the breach of the average highlights a stronger reversal. This signals scope for a climb towards 0.8592, a Fibonacci retracement. On the downside, support to watch lies at 0.8450, the 50-day EMA. Clearance of this level would highlight a possible reversal.
US TSY FUTURES: BLOCK: Sep'25 2Y Buy
Jun-17 17:57
- +7,000 TUU5 103-20.25, buy through 103-20.12 post time offer at 1349:15ET, DV01 $274,000
- The 2Y contract trades 103-20.38 last (+1.75)
