GBP: GBPJPY highest since 2008
Apr-26 07:12
- There's no stopping the Yen, as the currency continues to plummet, down 9.94% YTD against the Dollar.
- As just noted earlier, GBPJPY is now through the 2015 high and exchanges hands at its highest level since 2008.
- AUDJPY is nearing the 2014 high of 102.85 now at 102.48.
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BUNDS: Focus will be on Supply
Mar-27 07:10
- Bund trades within this week's range of 132.52/133.28 (low/high), after Monday's low held Yesterday, printed a 132.54 low.
- This remains the initial support for today, followed by 132.25 (gap).
- Initial resistance at 133.37 is also untested, printed a 133.28 high on Monday.
- Today only sees Spanish prelim CPI, with no other notable data scheduled, it will be a busier day on the data front Tomorrow.
- BoE releases policy committee minutes.
- SUPPLY: Early focus will be on supply, Italy 2029s, 2034 (equates to combined 70.7k BTP) should weigh, plus 2031 floating bond (won't impact BTP). German €3bn 7yr (equates to 17.4k Bund or 33k Bobl) could weigh on Bobl. US sells $43bn of 7yr Notes and $28bn of 2yr FRN reopening.
- SPEAKERS: ECB Cipollone, Kazaks, Fed Waller.
EQUITY TECHS: E-MINI S&P TECHS: (M4) Bulls Remain In The Driver’s Seat
Mar-27 07:05
- RES 4: 5428.25 1.00 proj of the Oct 27 - Dec 28 - May 1 price swing
- RES 3: 5407.23 Bull channel top drawn from the Jan 17 low
- RES 2: 5400.00 Round number resistance
- RES 1: 5322.75 High Mar 21 and the bull trigger
- PRICE: 5285.25 @ 06:52 GMT Mar 27
- SUP 1: 5245.60 Bull channel base drawn from the Jan 17 low
- SUP 2: 5218.00 20-day EMA
- SUP 3: 5157.00 Low Mar 11
- SUP 4: 5104.90 50-day EMA
The trend condition in S&P E-Minis is unchanged and remains bullish. Last week’s extension reinforces this theme and the break of 5257.25, Mar 8 high, confirmed a resumption of the uptrend. Note that moving average studies remain in a bull-mode position reflecting positive market sentiment. Sights are on 5407.23, the top of a bull channel drawn from the Jan 17 low. Initial firm support is 5218.00, the 20-day EMA. A move lower is considered corrective.
MNI: MNI CHINA LIQUIDITY INDEX: CONDITIONS TIGHTEN MODESTLY IN MAR
Mar-27 07:00
- MNI CHINA LIQUIDITY INDEX: CONDITIONS TIGHTEN MODESTLY IN MAR
- MNI MAR CHINA LIQUIDITY CONDITION INDEX 33.3 VS FEB 26.8
- MNI: CLI MAR CURRENT ECON CONDITION INDEX 54.8 VS FEB 56.1
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