US 10YR FUTURE TECHS: (M5) Bear Cycle Extension
May-09 15:34
- RES 4: 113-22 1.382 proj of the Apr 11 - 16 - 22 price swing
- RES 3: 113-04 76.4% retracement of the Apr 7 - 11 bear leg
- RES 2: 112-20+ High May 1 and key new-term resistance
- RES 1: 111-22 / 112-01+ High May 7 / 2
- PRICE: 110-30+ @ 16:30 BST May 9
- SUP 1: 110-22 Low May 8
- SUP 2: 110-16+ Low Apr 22
- SUP 3: 110-01+/00 76.4% of the Apr 11 - May 1 bull leg / 100-dma
- SUP 4: 109-08 Low Apr 24
Treasury futures are off lows, but traded sharply lower Thursday, marking an extension of the bear cycle that started at the beginning of May. Recent weakness undermines a bullish theme. The contract has traded through the 50-day EMA, at 110-31+. A clear break of this average would strengthen a bearish threat and expose 110-16+, the Apr 22 low. For bulls, price needs to trade above key S/T resistance at 112-20+, the May 1 high, to reinstate a bullish theme.
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FED: US TSY 17W BILL AUCTION: HIGH 4.250%(ALLOT 3.28%)
Apr-09 15:32
- US TSY 17W BILL AUCTION: HIGH 4.250%(ALLOT 3.28%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 43.15% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 4.04% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 52.81% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 2.71
FED: US TSY 17W AUCTION: NON-COMP BIDS $562 MLN FROM $60.000 BLN TOTAL
Apr-09 15:15
- US TSY 17W AUCTION: NON-COMP BIDS $562 MLN FROM $60.000 BLN TOTAL
OPTIONS: Larger FX Option Pipeline
Apr-09 15:13
- EUR/USD: Apr11 $1.0950-60(E1.1bln), $1.1000(E1.7bln)
- USD/JPY: Apr15 Y144.00($1.3bln), Y145.00($1.6bln)
- AUD/USD: Apr15 $0.6140-50(A$1.1bln), $0.6200(A$1.1bln)
- USD/CAD: Apr11 C$1.4045($1.6bln); Apr14 C$1.4375($1.5bln)
- USD/CNY: Apr11 Cny7.3500($1.1bln)
