US: FED Reverse Repo Operation
RRP usage inches up to $121.842B this afternoon from $112.760B yesterday. Compares to Monday's usage of $92.863B - the lowest level since mid-April 2021. The number of counterparties rises to 35 from 28 prior.
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STIR: FED Reverse Repo Operation
RRP usage recedes to $260.743B this afternoon from $268.739B last Friday. Compares to $98.356B on Friday, December 20 - the lowest level since mid-April 2021. The number of counterparties recedes to 57 from 63 prior.
FED: US TSY 42D AUCTION: HIGH RATE 4.270%; 13.25% AT HIGH
- US TSY 42D AUCTION: HIGH RATE 4.270%; 13.25% AT HIGH
- US TSY 42D BILL AUCTION: DEALERS TAKE 23.87% OF COMPETITIVES
- US TSY 42D BILL AUCTION: DIRECTS TAKE 3.75% OF COMPETITIVES
- US TSY 42D BILL AUCTION: INDIRECTS TAKE 72.39% OF COMPETITIVES
- US TSY 42D AUCTION: BID/COVER 2.93
EURUSD TECHS: Trend Condition Remains Bearish
- RES 4: 1.0825 High Nov 7
- RES 3: 1.0630 High Dec 06
- RES 2: 1.0589 50-day EMA
- RES 1: 1.0467/0534 20-day EMA / High Dec 17
- PRICE: 1.0381 @ 16:02 GMT Dec 30
- SUP 1: 1.0343 Low Dec 20
- SUP 2: 1.0335 Low Nov 22 and the bear trigger
- SUP 3: 1.0311 1.382 proj of the Sep 25 - Oct 23 - Nov 5 price swing
- SUP 4: 1.0258 1.500 proj of the Sep 25 - Oct 23 - Nov 5 price swing
EURUSD traded lower into the Monday close, but the pair remains above its recent lows for now. A bearish condition highlights scope for a test of key support at 1.0335, the Nov 22 low and a bear trigger. Clearance of this level would confirm a resumption of downtrend and open 1.0311, a Fibonacci projection. Moving average studies are in a bear-mode position, highlighting a dominant downtrend. Initial firm resistance is at 1.0467, the 20-day EMA.
