EU CREDIT SUPPLY: Julius Baer New Issue
Jun-11 06:59
*IPT: ELM BV (JULIUS BAER) €500M WNG 5Y MS+150 AREA
Our initial thoughts from yesterday - https://mni.marketnews.com/449Ow4a
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GILTS: Opening Calls
May-12 06:58
- Gilt calls, 91.88/91.89.
Some suggest slightly higher.
EQUITIES: EU Cash Opening calls
May-12 06:56
Estox 50: +0.92%, Dax: +1.12%, CAC: +0.55%, FTSE +0.35%, SMI -0.21%.
EURJPY TECHS: Key Resistance Remains Exposed
May-12 06:55
- RES 4: 166.14 2.0% 10-dma envelope
- RES 3: 165.43 High Nov 8
- RES 2: 164.90 High Dec 30 ‘24 and a key medium-term resistance
- RES 1: 164.63 High Mar 18 and the bull trigger
- PRICE: 163.91 @ 07:54 GMT May 12
- SUP 1: 161.88/60 50-day EMA / Low May 6
- SUP 2: 160.99 Low Apr 22
- SUP 3: 159.48 Low Apr 9
- SUP 4: 158.56 61.8% retracement of the Feb 28 - May 2 bull leg
A bullish theme in EURJPY remains intact. A print earlier this month above key resistance at 164.19, the Mar 18 high, is a positive development for bulls. A clear break of this hurdle would confirm a resumption of the upleg that started Feb 28, and open 164.90, the Dec 30 ‘24 high. First key support to watch is 161.88, the 50-day EMA. A clear break of it would undermine the bullish theme.
