US: FED Reverse Repo Operation
Jun-13 17:38
- Still above $400M, RRP usage reds to $429.864B from $447.574B prior; number of counterparties steady at 77. Compares to $327.066B on Monday, April 15 -- the lowest level since mid-May 2021.
NY Federal Reserve/MNI
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US TSY OPTIONS: Jun'24 10Y Vol Sales
May-14 17:38
- -10,000 TYM4 108.25/109.75 strangles, 29 ref 109-00
- -8,000 TYM4 108.5/109.5 strangles at 40 earlier
STIR FUTURES: Large Sale Mar'24 SOFR Futures
May-14 17:35
- Session volume in front Mar'24 SOFR futures climbs over 50,000 to over 63,739 in the last couple minutes, sale at 94.6525 hit the bid and goes offered there for another 65,000. The SFRH4 contract expired June 20.
GBPUSD TECHS: Returns Higher
May-14 17:30
- RES 4: 1.2754 76.4% retracement of the Mar 8 - Apr 22 bear leg
- RES 3: 1.2709 High Apr 09
- RES 2: 1.2667 61.8% retracement of the Mar 8 - Apr 22 bear leg
- RES 1: 1.2634 High May 03
- PRICE: 1.2590 @ 15:53 BST May 14
- SUP 1: 1.2446 Low May 9 and key near-term support
- SUP 2: 1.2423/2300 Low Apr 24 / 22 and the bear trigger
- SUP 3: 1.2266 Low Nov 14 ‘23
- SUP 4: 1.2239 76.4% retracement of the Oct 4 - Mar 8 bull leg
GBPUSD traded well into the Tuesday close, bouncing firmly ahead of near-term support defined at 1.2446, the May 9 pullback low. For bulls, a breach of 1.2634 would reinstate the recent upleg and open 1.2667, a Fibonacci retracement. Clearance of 1.2446 would reinstate a bearish threat and this would signal scope for an extension towards the bear trigger at 1.2300, the Apr 22 low.
