OPTIONS: Larger FX Option Pipeline
Mar-06 17:41
- EUR/USD: Mar08 $1.0770(E1.1bln), $1.0800(E1.3bln), $1.0820-30(E1.5bln); Mar11 $1.0800(E1.4bln)
- USD/JPY: Mar11 Y150.00($1.2bln); Mar12 Y148.25($1.3bln), Y151.50($2.2bln)
- USD/CAD: Mar08 C$1.3590-00($1.2bln)
- USD/CNY: Mar11 Cny7.2995-3000($1.1bln)
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US: Ukraine Aid Hangs In Balance As Republicans Line Up Against Border Bill
Feb-05 17:16
The future of continued aid to Ukraine appear even more uncertain after a raft of rank-and-file Republicans lawmakers have issued statements in opposition to the US-Mexico border security bill, unveiled yesterday by Senate negotiators.
- Senator John Cornyn (R-TX) said a short time ago: “Now that I have seen text, I have questions and serious concerns” - a pivot from his position ahead of the bill's release, reflecting a new reality today that the contents of the bill have failed to overcome opposition led by former President Donald Trump and House Speaker Mike Johnson (R-LA).
- A statement from Rep Barry Moore (R-AL) articulates the position many Congressional Republicans intend to stake out: "President Biden has the authority to enforce immigration laws already on the books. He also has the authority to close the border at any time..."
- Senate Majority Leader Chuck Schumer (D-NY) told MSNBC this morning: “I say to Speaker Johnson:... Do. The right. Thing! You know what the right thing to do is. You know we need to fix our border.”
- Chad Pegram at Fox News reports that, "Senate Republicans will meet tonight to discuss border bill," adding that "there is a concerted effort now underway to get Republicans to vote against the procedural vote on Wednesday," a move which would "kill the bill outright." If the bill fails to clear the Senate, there is now clear plan B for Ukraine aid.
- Additional analysis in today's edition of the MNI US Daily Brief.
US 10YR FUTURE TECHS: (H4) Sell-Off Firmer Through Bear Trigger
Feb-05 17:14
- RES 4: 114-06+ 2.00 proj of the Oct 19 - Nov 3 - Nov 13 price swing
- RES 3: 114-00 Round number resistance
- RES 2: 113-12 High Dec 27 and the bull trigger
- RES 1: 111-24/113-06+ 20-day EMA / High Feb 1
- PRICE: 110-09 @ 17:07 GMT Feb 5
- SUP 1: 110-22+ Intraday Low
- SUP 2: 110-16 Low Dec 13
- SUP 3: 109-31+ Low Dec 11 and a key short-term support
- SUP 4: 109-17 50.0% of the Oct 19 - Dec 27 bull phase
Treasuries extended the Friday sell off across Monday trade, pushing futures pieces to new pullback lows of 110-22+ - below the bear trigger of 110-26. The move lower defines an initial key resistance at 113-06+, the Feb 1 high, where a break is required to reinstate a bullish theme and expose the bull trigger at 113-12, the Dec 27 high. On the downside, a continuation lower would strengthen the bearish threat and expose 110-16, the Dec 13 low.
OPTIONS: Larger FX Option Pipeline
Feb-05 17:06
- EUR/USD: Feb07 $1.0725(E1.1bln), $1.0950(E2.9bln); Feb08 $1.0745-50(E1.4bln), $1.0800-20(E2.5bln); Feb09 $1.0700(E1.0bln), $1.0850(E2.7bln), $1.0900(E2.1bln)
- USD/JPY: Feb07 Y147.00($1.5bln); Feb08 Y147.75-80($2.1bln); Feb09 Y148.50-65($1.2bln)
- EUR/GBP: Feb08 Gbp0.8475-85(E1.1bln)
- USD/CAD: Feb09 C$1.3300($1.1bln), C$1.3340-50($1.9bln)
- USD/CNY: Feb07 Cny7.2000($1.5bln); Feb09 Cny7.2115($1.3bln)
