EQUITIES: Large Estoxx Block trade

Sep-19 10:36

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Large Block trade in Estoxx, suggest seller: * VGZ5 17.35k at 5471.00....

Historical bullets

OUTLOOK: Price Signal Summary - GBPUSD Bull Cycle Still In Play

Aug-20 10:36
  • In FX, a consolidation mode dominates for now in EURUSD. The trend set up however, remains bullish. A resumption of gains would expose key resistance and the bull trigger at 1.1829, the Jul 1 high. Clearance of this level would resume the uptrend. Support to watch lies at 1.1588, the 50-day EMA. Major support rests at 1.1392, the Aug 1 low.
  • The latest pullback in GBPUSD for now, appears corrective and a bullish condition remains intact. Recent gains resulted in a breach of resistance at 1.3589, the Jul 24 high. This signals scope for a climb towards 1.3636, the 76.4% retracement of the bear leg between Jul 1 and Aug 1. Initial firm support to watch is 1.3449, the 50-day EMA. A clear break of it would signal a possible reversal.
  • USDJPY remains in consolidation mode. A bearish threat is present as the pair trades closer to its recent lows. Sights are on support at 145.86, the Jul 24 low. Clearance of this level would highlight a stronger S/T reversal and strengthen the bearish engulfing signal on Aug 1. This would open 144.69, a trendline drawn from the Apr 22 low. Initial firm resistance to watch is 148.52, the Aug 12 high.

OPTIONS: Larger FX Option Pipeline

Aug-20 10:35
  • EUR/USD: Aug21 $1.1600(E1.3bln), $1.1700(E1.6bln), $1.1750(E2.0bln), $1.1800(E3.0bln); Aug25 $1.1640-55(E2.0bln)
  • USD/JPY: Aug21 Y145.95-00($1.2bln), Y146.70-80($1.8bln); Aug22 Y147.90($1.4bln)
  • AUD/USD: Aug21 $0.6590-00(A$1.8bln); Aug25 $0.6510-25(A$1.1bln)

LOOK AHEAD: Wednesday Data Calendar: July FOMC Minutes, Fed Speak, 20Y Sale

Aug-20 10:25
  • US Data/Speaker Calendar (prior, estimate)
  • 08/20 0700 MBA Mortgage Applications (10.9%, --)
  • 08/20 1100 Fed Gov Waller blockchain symposium, WY
  • 08/20 1130 US Tsy $65B 17W bill auction
  • 08/20 1300 US Tsy $16B 20Y Bond auction (912810UN6)
  • 08/20 1400 July FOMC minutes release
  • 08/20 1500 Atl Fed Bostic moderated discussion on economy, no text
  • Source: Bloomberg Finance L.P. / MNI