OPTIONS: Larger FX Option Pipeline

Jul-07 17:50
  • EUR/USD: Jul11 $1.0250(E1.3bln), $1.0300(E1.2bln), $1.0400(E1.0bln); Jul12 $1.0260-70(E1.2bln)
  • GBP/USD: Jul13 $1.2035(Gbp1.2bln)
  • USD/JPY: Jul11 Y133.50($1.5bln); Jul12 Y135.55-60($1.0bln); Jul13 Y134.40-55($1.1bln)
  • AUD/USD: Jul11 $0.6250(A$1.0bln)
  • NZD/USD: Jul12 $0.6250(N$1.2bln)
  • USD/CAD: Jul13 C$1.3000($1.3bln)
  • USD/CNY: Jul11 Cny6.5484($1.4bln); Jul12 Cny6.7000($1.3bln)

Historical bullets

WHITE HOUSE: White House Press Conference Beginning Shortly

Jun-07 17:45

White House Press Secretary Karine Jean-Pierre is shortly due to begin her daily press conference.

GBPUSD TECHS: Watching Support

Jun-07 17:30
  • RES 4: 1.2772 High Apr 26
  • RES 3: 1.2690 50-day EMA
  • RES 2: 1.2667 High May 27 and key short-term resistance
  • RES 1: 1.2590 High Jun 3
  • PRICE: 1.2466 @ 15:32 BST Jun 7
  • SUP 1: 1.2431 Low Jun 7
  • SUP 2: 1.2317 Low May 17
  • SUP 3: 1.2277 76.4% retracement of the May 13 - 27 upleg
  • SUP 4: 1.2156 Low May 13 and the bear trigger

GBPUSD traded lower but has found support at 1.2431 - for now. Attention is on a key resistance at the 50-day EMA that intersects at 1.2690 Tuesday. Clearance of this average is required to strengthen short-term bullish conditions. The broader trend direction is down though and the trigger for a resumption of the downtrend is 1.2156, May 13 low. A deeper pullback would expose 1.2317 initially, the May 17 low.

US: FED Reverse Repo Operation, New Record High

Jun-07 17:28

NY Fed reverse repo usage climbs to new record high of 2,091.395B w/ 98 counterparties vs. 2,040.093B prior session, compares to prior record of $2,044.658B from Monday, May 23.

NY Federal Reserve/MNI