EU HEALTHCARE: Healthcare: Week in Review
Spreads were around 2bps tighter on the week. Notably, Boston Scientific tightened by 4bps despite a...
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UK T-BILL AUCTION RESULTS: 1/3/6-Month UKTBs
| 1-month | 3-month | 6-month | |
| Maturity | Jan 26, 2026 | Mar 30, 2026 | Jun 29, 2026 |
| Amount | GBP0.5bln | GBP1.5bln | GBP2.0bln |
| Previous | GBP1.0bln | GBP2.0bln | GBP3.0bln |
| Avg yield | 3.7457% | 3.8677% | 3.8229% |
| Previous | 3.7845% | 3.8599% | 3.8176% |
| Bid-to-cover | 4.20x | 2.42x | 2.90x |
| Previous | 2.48x | 2.18x | 2.60x |
| On offer 9 Jan | GBP1.0bln | GBP2.0bln | GBP3.0bln |
COMMODITIES: Next Resistance for Gold at $4536.00, a Fibonacci Projection
The trend condition in WTI futures remains bearish and gains are considered corrective - for now. MA studies are in a bear-mode position, highlighting a dominant downtrend. A key support and the bear trigger at $56.11, the Oct 17 low, has been breached. The break highlights a continuation of the downtrend and opens $53.77, a Fibonacci projection. Key short-term resistance to watch is $61.25, the Oct 24 high. First resistance is at $58.70, the 50- day EMA. The trend structure in Gold is unchanged, it remains bullish and another fresh cycle high reinforces current conditions. The break higher confirms a resumption of the primary uptrend. The metal has traded through the psychological $4500.0 handle and this opens $4536.0 next, a Fibonacci projection. Initial firm support to watch lies at $4281.3, the 20-day EMA. A pullback would be considered corrective.
- WTI Crude up $0.11 or +0.19% at $58.49
- Natural Gas up $0.01 or +0.29% at $4.417
- Gold spot up $12.65 or +0.28% at $4499.37
- Copper up $7.7 or +1.39% at $563.1
- Silver up $0.64 or +0.89% at $72.1317
- Platinum down $7.93 or -0.35% at $2281.49
EQUITIES: Bull Cycle in Eurostoxx 50 Futures Remains Intact
A bull cycle in EUROSTOXX 50 futures remains intact and the latest pullback appears to have been a correction. The first key support to watch lies at 5685.07, the 50-day EMA. A clear break of the EMA would highlight a potential short-term reversal. This would open 5622.00, the Nov 26 low. For bulls, sights are on key resistance at 5847.00, the Nov 13 high. The price pattern on Dec 18 is a bullish engulfing candle - a reversal signal. The recent pullback in S&P E-Minis appears to have been a correction. A key short-term support has been defined at 6771.50, the Dec 18 low. A break of this level would signal scope for a deeper retracement of the recent bull phase between Nov 21 - Dec 11. This would open 6737.71, a Fibonacci retracement. For bulls a continuation higher would open key resistance at 7014.00, the Oct 30 high.
- Japan's NIKKEI closed lower by 68.77 pts or -0.14% at 50344.1 and the TOPIX ended 15.88 pts lower or -0.46% at 3407.37.
- Elsewhere, in China the SHANGHAI closed higher by 20.968 pts or +0.53% at 3940.947 and the HANG SENG ended 44.79 pts higher or +0.17% at 25818.93.
- Dow Jones mini down 32 pts or -0.07% at 48730, S&P 500 mini down 4.25 pts or -0.06% at 6956.5, NASDAQ mini down 13.5 pts or -0.05% at 25799.5.
