POWER: Lithuania, Sweden to Launch Cross-Border EPAD Contracts in 2026
Dec-19 13:35
Lithuania’s Litgrid and Sweden’s Svenska kraftnat will launch Europe’s first cross-border EPAD contracts in 2026, enabling market participants to hedge electricity price risks, Litgrid said.
- The measure also aims to increase market liquidity in the Baltic-Northern region and will be between the SE4 zone and Lithuania.
- At least 10% of the 700MW NordBalt interconnection capacity, around 70MW, will be allocated annually to these hedging products.
- Similar instruments have also been previously available only in domestic markets in Sweden and Norway.
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US: MNI POLITICAL RISK - Trump Administration Readies New Ukraine Peeace Plan
Nov-19 13:34
Download Full Report Here
- President Donald Trump will deliver remarks to the US-Saudi investment forum at 12:00 ET 17:00 GMT.
- Trump designated Saudi Arabia as a major non-NATO ally, greenlit the sale of F-35 fighter planes, and struck deals on civilian nuclear energy, critical minerals, and technology with Saudi Crown Prince Mohammad bin Salman.
- Trump told reporters he thinks he already knows who he will nominate to replace Jerome Powell as the next chair of the Federal Reserve, appearing to rule out an unconventional selection.
- The US and Russia are reportedly working on a new plan to end the war in Ukraine. A high-ranking delegation of US military officials is expected to discuss the plan with Ukrainian President Volodymyr Zelenskyy in Kyiv today. Trump administration officials suggested to reporters that Kyiv may be forced to swallow an unfavourable ceasefire deal due to battlefield pressure and a domestic corruption scandal.
- The House of Representatives voted overwhelmingly 427-1 to force the Department of Justice to release files related to Jeffrey Epstein. The episode, along with several other recent displays of Republican dissent, has led some observers to question whether this is the beginning of Trump’s ‘lame duck’ period.
- Trump’s efforts to rewrite Congressional maps in red states to gain an edge in the 2026 midterm elections took a hit in Texas yesterday.
- Poll of the Day: A special election in Tennessee will provide a temperature check on the electorate ahead of the midterms.
Full Article: US DAILY BRIEF
US TSYS: Post-Trade Balance, Import/Export React
Nov-19 13:33
- Treasuries holding near recent highs after import/export data comes out lower than prior read, trade gap narrows.
- Currently, the Dec'25 10Y contract trades +3 at 112-28 (112-29 high). Resistance at the 113-02 level in Treasuries, an area of congestion since Nov 5, remains intact.
- A clear breach of this hurdle would be a bullish signal and suggest scope for a climb towards 113-18+, the Oct 28 high. A breach would also cancel a short-term bearish theme. For bears, attention is on 112-10+, the 100-DMA and 112-06, the Sep 25 low. Trendline support also lies at 112-06+.
- Bbg US$ index firmer: +1.48 at 1220.91; SPX eminis firmer: +19.0 at 6858.5 - eyes on Nvidia earnings after the close.
GBP: Large Exchange traded Cable Option
Nov-19 13:27
Large FX Exchange traded Option, this trades at mid price but suggest that the seller is the aggressor and a new position.
- GBPUSD (9th Jan) 127.00p, sold at 0.31 in ~7.44k.
