EQUITIES: EU Bank outright Put seller
May-02 10:16
SX7E (19th Dec) 165p, sold at 8.45 in 6k vs 1.38k at 184.50.
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US 10YR FUTURE TECHS: (M5) Approaching Key Resistance
Apr-02 10:16
- RES 4: 112-23+ 1.618 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 3: 112-13 1.500 proj of the Jan 13 - Feb 7 - Feb 12 price swing
- RES 2: 112-01 High Mar 4 and a bull trigger
- RES 1: 111-30+ High Apr 1
- PRICE: 111-25+ @ 11:05 BST Apr 2
- SUP 1: 110-26+ 20-day EMA
- SUP 2: 110-11/06 50-day EMA / Low Mar 27
- SUP 3: 110-00 High Feb 7 and a key support
- SUP 4: 109-21+ Trendline support drawn from the Jan 13 low
Treasury futures are holding on to their latest gains following the recovery from last week’s low of 110-06+ (Mar 27). The outlook remains bullish and attention is on key resistance at 112-01, the Mar 4 high. Clearance of this level would confirm a resumption of the uptrend and maintain a price sequence of higher highs and higher lows. This would open 112-13, a Fibonacci projection. Initial support to watch is 110-26+, the 20-day EMA.
EU-BILL AUCTION RESULTS: 3/6/12-Month EU-Bills
Apr-02 10:09
| Type | 3-month EU-bill | 6-month EU-bill | 12-month EU-bill |
| Maturity | Jul 4, 2025 | Oct 3, 2025 | Apr 10, 2025 |
| Amount | E1.369bln | E1.228bln | E1.326bln |
| Target | E1.5bln | E1.5bln | E1.5bln |
| Previous | E1.271bln | E1.243bln | E995mln |
| Avg yield | 2.254% | 2.220% | 2.141% |
| Previous | 2.340% | 2.297% | 2.243% |
| Bid-to-cover | 1.35x | 1.42x | 2.28x |
| Previous | 1.23x | 1.42x | 1.71x |
| Previous date | Mar 19, 2025 | Mar 19, 2025 | Mar 19, 2025 |
OUTLOOK: Price Signal Summary - Bear Threat In EUROSTOXX 50 Fut. Remains Present
Apr-02 10:08
- In the equity space, S&P E-Minis maintain a softer tone following recent bearish price action. Sights are on key support and the bear trigger at 5559.75, the Mar 13 low. It has been pierced, a clear break of it would confirm a resumption of the downtrend that started Feb 19, and open 5483.30, a Fibonacci projection. MA studies are in a bear-mode position, highlighting a dominant downtrend. Key short-term resistance has been defined at 5837.25, the Mar 25 high. Initial firm resistance is 5757.95, the 20-day EMA. Gains are considered corrective.
- EUROSTOXX 50 futures traded lower Monday resulting in a breach of key support at 5229.00, the Mar 11 low. The contract has recovered, however, the print below 5229.00 undermines a bullish theme and signals scope for a deeper retracement. The 5200 handle has also been cleared, opening 5079.00, the Feb 3 low. It is still possible that recent weakness is part of a broader correction. Initial firm resistance is 5335.34, the 20-day EMA.
