MNI: UK CBI JUL DIST TRADE REPORTED SALES -25

Jul-27 10:00



  • MNI: UK CBI JUL DIST TRADE REPORTED SALES -25
  • UK CBI JUL DIST TRADE EXPECTED SALES -32

Historical bullets

CROSS ASSET: WTI falls 1.60$

Jun-27 09:57
  • EURGBP is back above 0.8600, with resistance seen at 0.8613, followed by 0.8636 High Jun 5.
  • The move helps GBPJPY off its high, while the EUR test session high against the CAD, NOK, SEK.
  • CAD and NOK are under pressure, with WTI falling $1.60 in the past hour.
  • Support in WTI is seen much further out, down to $66.96 - Low Jun 12.

ECB: Italian Deputy PM Airs Displeasure With ECB Policy

Jun-27 09:57

Wires run coverage of comments from Italian Deputy PM Tajani (to ANSA) as he outlines continued displeasure re: ECB monetary policy settings. He suggests that continued rate hikes do not go in the direction of growth, while pushing back against the idea of pre-commitment to further tightening and highlighting recession risks.

  • It is also no coincidence that those comments come in lieu of the MRO demand details.
  • We would also suggest that the level of liquidity that was demanded in today’s MRO may be raise more than a few eyebrows at the Bank’s Sintra conference, particularly within the cohort of the typically dovish nations, as well as getting the attention of a few that remain in Frankfurt.

EQUITIES: Estoxx put buyer

Jun-27 09:44

SX5E (15th Dec) 3300p, bought for 21.50 and 21.40 in 15k