SEK: Has Underperformed G10 Over the Past Week On String Of Weak Domestic Data
The dovish June 18 Riksbank decision has been followed by a string of weak domestic data. Since June...
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EQUITIES: US Cash Opening calls
SPX: 5,888.2 (-0.4%); DJIA: 42,097 (-0.4%/-174pts); NDX: 21,239.0 (-0.5%).
EQUITY TECHS: E-MINI S&P: (M5) Bullish Theme
- RES 4: 6124.00 High Feb 24
- RES 3: 6080.75 High Feb 26
- RES 2: 6057.00 High Mar 3
- RES 1: 6008.00 High May 29
- PRICE: 5895.00 @ 14:14 BST Jun 2
- SUP 1: 5825.39/5749.04 20- and 50-day EMA values
- SUP 2: 5596.00 Low May 7
- SUP 3: 5455.50 Low Apr 30
- SUP 4: 5355.25 Low Apr 24
The trend condition in S&P E-Minis remains bullish. Last Thursday’s initial gains delivered a print above 5993.50, the May 20 high and a bull trigger. The break highlights a resumption of the uptrend and maintains a price sequence of higher highs and higher lows. 6000.00 has been pierced, an extension would open 6057.00 next, the Mar 3 high. Key support lies at 5742.22, the 50-day EMA. A clear break of this average is required to highlight a reversal.
SOFR OPTIONS: Ratio Call Strip
SFRM5 96.00c (x2), with 96.31c (x3), bought as a strip for 1.75 in 4.5k.
