REFINING: Makhachkala Refinery Struck by Drones
Oct-22 09:37
The Dagnotekh oil refinery in Makhachkala, the capital of Russia’s Dagestan region, was struck by drones in the early house of Oct. 22, according to ASTRA cited by BBC Monitoring.
- ASTRA said it had identified the target through tis own analysis of footage recorded by eyewitnesses.
- Dagestan’s head Sergei Melikov said the region had come under a drone attack targeting a local enterprise.
- According to ASTRA, the refinery has an annual processing capacity of around 1m tons.
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EQUITY OPTIONS: Estoxx Put Seller
Sep-22 09:37
SX5E (19th Dec) 5200p, sold at 80.5. 80.3, 80.2 in 18k.
GERMAN T-BILL AUCTION RESULTS: 3/9-month Bubills
Sep-22 09:34
| Type | 3-month Bubill | 9-month Bubill |
| Maturity | Dec 10, 2025 | Jun 17, 2026 |
| Allotted | E2.3bln | E2.03bln |
| Previous | E1.595bln | E2.187bln |
| Total sold | E2.5bln | E2.5bln |
| Target | E2bln | E3bln |
| Avg yield | 1.791% | 1.954% |
| Previous | 1.839% | 1.913% |
| Bid-to-cover | 2.57x | 1.23x |
| Previous | 2.16x | 2.22x |
| Bid-to-offer | 2.36x | 1x |
| Previous | 1.72x | 1.62x |
| Previous date | Aug 25, 2025 | Aug 25, 2025 |
FOREX: USD Index Eases Off Recovery Highs, Fed Speakers Awaited
Sep-22 09:29
- The USD index tracks moderately lower on Monday, easing around 30 pips from the overnight peak that saw the index print a fresh recovery high at 97.82. Markets are trading with a subdued tone amid a lighter economic calendar to start the week, with central bank speakers dominating the schedule later today.
- The likes of EUR and GBP trade on a surer footing, rising around 0.15%. Large option expiries for EURUSD between the 1.17/18 mark might define the short-term range, following the post-Fed volatility last week that saw the pair reverse from 1.1919 cycle highs. Support to watch is 1.1667. the 50-day EMA.
- GBPUSD is broadly consolidating its solid bump lower last week, struggling to get back above the 1.35 mark. Fiscal concerns continue to be front and centre following last Friday’s borrowing data. The next support to watch lies at 1.3441, a trendline support drawn from the Aug 1 low.
- For NZDUSD, the sharp reversal from 0.6000 to current spot levels renews the focus on a significant pivot point at 0.5800, which coincides with the 50% retracement of the year’s range. Furthermore, the pair is currently trying to break a trendline drawn from the year’s lows, which may bolster the bearish momentum in coming sessions. Below 0.5800, 0.5728 and 0.5636 would be the most obvious targets for a deeper selloff.
- There are five Fed speakers in the calendar on Monday, with markets most likely to focus on further comments from Fed’s Miran, who is speaking at the Economic Club of New York. We may also have comments from Bank of England’s Bailey and Pill. Governor Bailey has a fireside chat on supervision culture.
