US STOCKS: Late Equities Roundup: Still Well Bid After Pres Trump Endorsement
* Stocks remain well bid after Pres Trump's suggestion: "better go out and buy stocks now" at his ...
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US TSY OPTIONS: May'25 10Y Call Spread Buying
- +16,250 TYK5 113/114 call spds 11 vs. 111-18/0.11%
EURGBP TECHS: Holding On To Its Gains
- RES 4: 0.8645 High Apr 23 ‘24
- RES 3: 0.8625 High Aug 8 ‘24
- RES 2: 0.8604 1.382 proj of the Mar 3 - 11 - 28 price swing
- RES 1: 0.8593 High Aug 14 ‘24
- PRICE: 0.8553 @ 16:29 BST Apr 8
- SUP 1: 0.8470/0.8397 Low Apr 7 / 20-day EMA
- SUP 2: 0.8316 Low Mar 28 and a key near-term support
- SUP 3: 0.8299 Low Mar 5
- SUP 4: 0.8251 Low Mar 4
EURGBP maintains a bullish tone and the cross is holding on to its latest gains. A key resistance at 0.8474, the Jan 20 high, has been cleared. The breach of this hurdle highlights an important technical break and strengthens a bullish condition. Sights are 0.8593 next, the Aug 14 ‘24 high. On the downside, firm support lies at 0.8397, the 20-day EMA. The cross is overbought, a pullback would allow this condition to unwind.
US SWAPS: Swap Curve Bull Steepening, Spreads Extend Inversion
Swap spreads have gapped to inverted session lows amid heavy swap-tied buying in short end over the last 30 minutes, 2Y through 5Y spds contract 4.5-5.0bp, 10Y swap -4.0 to -56.81 at the moment.
