US NATGAS: EQT to Supply One Cargo per Year to Lithuania

• RES 4: 0.7144 High Jun 5 
• RES 3: 0.7120 61.8% retracement of the May 6 - Jun 30 bear leg 
• RES 2: 0.7088 High Jun 15
• RES 1: 0.7078 High Aug 7
• PRICE: 0.7062 @ 17:10 BST Aug 11
• SUP 1: 0.7012/0.6922 20-day EMA / Low Jul 29 
• SUP 2: 0.6907 Low Jul 8
• SUP 3: 0.6865 Low Jun 30 and the bear trigger 
• SUP 4: 0.6757 38.2% retracement of the Apr 9 ‘25 - May 6 bull cyle

A bull cycle in AUDUSD remains intact for now and last week’s fresh cycle high reinforces the short-term bull theme. Price has recently breached the 50-day EMA, at 0.7013, highlighting a stronger recovery and, Friday’s gains delivered a print above 0.7071, 50.0% of the May 6 - Jun 30 bear leg. A continuation higher would open 0.7112, the 61.8% retracement. The first important support lies at 0.6922, the Jul 29 low.         

• Date $MM Issuer (Priced *, Launch #)
• 08/11 $5.5B #Martin Marietta $750M 3Y +58, $1.25B +5Y +83, $1B +7Y +90, $1.5B 10Y +98, $1B 30Y +115
• 08/11 $3.75B #Intercontinental Exchange (ICE) $1.25B 3Y +50, $1.1B 5Y +62, $650M 7Y +72, $750M 10Y +82
• 08/11 $1.1B *Universal Health $600M 5Y +112.5, $500M 10Y +140
• 08/11 $1.25B *Marriott Intl $250M 2029 tap +50, $1B 10Y +105
• 08/11 $1.2B *Ferguson $700M 3Y +55, $500 10Y +95
• 08/11 $1.5B *Illinois Tool 3Y +45
• 08/11 $750M *Harbour Energy 7Y +140
• 08/11 $750M *Blue Owl Finance 10Y +220
• 08/11 $500M *State Bank of India 5Y +88

• US equity indexes see-sawed off marginally higher territory late Tuesday morning after Iranian officials stated the Hormuz Strait remains closed "until conditions are met". This after risk sentiment drew modest support on headlines that US/Iran talks are "close to some arrangement" citing Pakistan officials.
• Near late session lows, the DJIA trades -.35%, SPX emini -.4%, the Nasdaq -0.7%.
• Crude prices reversed early gains on the headlines recovered in the second half - oil and gas stocks supported with Marathon Petroleum Corp +3.6% after Mizuho raised their price target to $304, Phillips 66 +3.4%, while Valero Energy Corp gained 2.4%.
• Industrials remained buoyed ahead midday: Axon Enterprise Inc +6.75%, Generac Holdings Inc +3.95%, Eaton Corp PLC +3.2% and Vertiv Holdings Co +3.0%.
• On the downside, Communication Services and IT sector stocks underperformed: media & entertainment stocks weighed on the former: AppLovin Corp -5.6%, Alphabet -3.55%, Fox Corp -2.35%. The IT sector lagged with the following -3.5-4.5%: Datadog Inc, Dell Technologies Inc, Oracle Corp, Adobe Inc and Gartner Inc.