EM LATAM CREDIT: Minerva: 50% U.S. Tariff Impact - Negative
Jul-11 18:19
(BEEFBZ; NR/BB/BB) "Minerva S.A., the South American leader in beef exports, hereby informs its sha...
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US TSY OPTIONS: Large Aug'25 10Y Call Over Risk Reversal
Jun-11 18:13
- +30,000 TYQ5 109/112 call over risk reversals, 1 net vs. 110-15.5/0.50%
MNI: US MAY TREASURY BUDGET -$316.0B
Jun-11 18:00
- MNI: US MAY TREASURY BUDGET -$316.0B
EURGBP TECHS: Clears The 50-Day EMA
Jun-11 18:00
- RES 4: 0.8557 High Apr 28
- RES 3: 0.8541 High May 2
- RES 2: 0.8502 38.2% retracement of the Apr 11 - May 29 downleg
- RES 1: 0.8489 High Jun 11
- PRICE: 0.8481 @ 16:30 BST Jun 11
- SUP 1: 0.8407/8356 Low Jun 4 / Low May 29 and the bear trigger
- SUP 2: 0.8327 1.382 proj of the Apr 11 - 16 - 21 price swing
- SUP 3: 0.8316 Low Mar 28 and a key support
- SUP 4: 0.8277 1.618 proj of the Apr 11 - 16 - 21 price swing
EURGBP traded higher again Wednesday and the cross is building on gains. The recovery has resulted in a break of resistance at 0.8441, the 50-day EMA. This highlights a potentially stronger reversal and exposes 0.8541, the May 2 high. For bears, support to watch lies at 0.8356, the May 29 low. Clearance of this level would resume the downtrend and open 0.8316, the Mar 28 low and a key support. Initial support has been defined at 0.8407, the Jun 4 low.
