OPTIONS: Larger FX Option Pipeline
* EUR/USD: Nov06 $1.1500(E1.2bln); Nov09 $1.1300(E1.6bln); Nov10 $1.1250(E1.8bln) * USD/JPY: Nov06...
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MNI EXCLUSIVE: ISM Services Survey Chief On Outlook
ISM Services survey chief Steve Miller discusses the October sector outlook. - On MNI Policy MainWire now, for more details please contact sales@marketnews.com.
EURUSD TECHS: Confirms Break of Channel Support
- RES 4: 1.1612 High Sep 14
- RES 3: 1.1500 50-day EMA
- RES 2: 1.1380/1.1442 High Sep 30 / 20-day EMA
- RES 1: 1.1325 Low Jun 24
- PRICE: 1.1211 @ 16:15 BST Oct 05
- SUP 1: 1.1161 Low Oct 05
- SUP 2: 1.1111 50.0% retracement of the Feb 3 ‘25 - Jan 27 bull leg
- SUP 3: 1.1063 1.236 proj of the Apr 17 - Jun 24 - Aug 20 price swing
- SUP 4: 1.0882 61.8% retracement of the Feb 3 ‘25 - Jan 27 bull leg
The base of the closely-watched bear channel gave way early Monday, opening further downside and prompting a new 18-month low of 1.1161. Support into 1.1187 similarly failed to prop up prices, keeping momentum firmly pointed lower. The sequence of lower lows and lower highs is intact, leaving 1.1111 as the next key level - the 50.0% retracement of the Feb 3 ‘25 - Jan 27 bull leg. Initial resistance remains at 1.1325, the Jun 24 low.
PIPELINE: Corporate Bond Update: American Honda 3Pt, Cargill 2Pt Launched
- Date $MM Issuer (Priced *, Launch #)
- 10/05 $1.5B #American Honda $700M 3Y +67, $300M 2Y SOFR+78, $500M 5Y +93
- 10/05 $1.25B #Cargill $600M 3Y +43, $650M 10Y +75
- 10/02 No new corporate bond issuance Friday, $47.9B priced on week
