EU BASIC INDUSTRIES: Huhtamaki: New Issue FV
Aug-28 10:12
(HUHTAM; NR/BBB-/NR) * Exp. EU300m 6Y MS+155a. * We peg FV 10bp wide to SIGCBL. SIGCBL leverage is ...
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OUTLOOK: Price Signal Summary - USDJPY Key Resistance Remains Exposed
Jul-29 10:10
- In FX, EURUSD traded sharply lower Monday and the close at the day low strengthens a short-term bearish threat. Sights are on key support at the 50-day EMA, at 1.1560. It has been pierced, a clear break of it would signal a stronger reversal and the start of a correction. This would open 1.1431, 23.6% of the Feb 3 - Jul 1 bull cycle. Key resistance and the bull trigger is 1.1829, the Jul 1 high.
- A bearish set-up in GBPUSD remains intact and Monday's move lower strengthens this theme. The bear trigger at 1.3365, the Jul 16 low, has been cleared. This confirms a resumption of the downleg that started Jul 1 and highlights a clear break of the trendline drawn from the Jan 13 low. The breach opens 1.3245, the May 19 low. Initial resistance is seen at 1.3472, the 50-day EMA.
- A bull cycle in USDJPY remains in place. The latest recovery signals the end of the corrective phase between Jul 16 - 24. Attention is on key resistance and the bull trigger at 149.18, the Jul 16 high. Pivot support to monitor is 146.11, the 50-day EMA. A clear breach of it would instead signal scope for stronger reversal. First support is at 146.92, the 20-day EMA.
USD: The Dollar is still pairing earlier gains
Jul-29 09:49
- The Dollar is now back to closer to flat against G10s on the Day, the SEK is still down 0.28%, but similar to other Currencies it is paring losses versus the Greenback.
- Both the EUR and the Pound are slowly edging back towards their respective overnight highs.
- Initial resistance in Cable moves down to 1.3380.
OUTLOOK: Price Signal Summary - S&P E-Minis Trend Needle Still Points North
Jul-29 09:42
- In the equity space, the trend set-up S&P E-Minis is unchanged and remains bullish. Recent cycle highs confirm a resumption of the uptrend. Sights are on 6477.31,1.618 projection of the May 23 - Jun 11 - 23 price swing. Key support is at the 50-day EMA, at 6163.71. Support at the 20-day EMA is at 6313.51.
- The trend condition in EUROSTOXX 50 futures remains bullish and short-term weakness for now, appears corrective. Support at 5281.00, the Jul 1 / 4 low, remains intact. A clear break of this level would strengthen a bearish threat. For bulls, a resumption of gains would refocus attention on key resistance and the bull trigger at 5486.00, the May 20 high. A clear breach of it would resume the bull cycle and open 5500.00.
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