POWER: Moldova to Build Interconnectors with Romania, Ukraine
Nov-12 14:15
Moldova is planning to construct new interconnectors with Romania and Ukraine, the country’s energy ministry said this week.
- The projects are the Vulcănești–Smârdan, Comrat–Smârdan, and Vulcănești–Artsyz interconnections. The ministry did not disclose information on the capacities or start dates.
- The country’s Vulcănești–Chișinău (400 kV) line is scheduled to be commissioned by the end of the year, while the Bălți–Suceava line project is scheduled to be completed in 2027 – integrating Moldova’s power system with the European Entso-E network.
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SONIA OPTIONS: Call Spread vs Call
Oct-13 14:07
SFIG6 96.35/96.55cs vs SFIZ5 96.20c, bought the cs for 1 in 5k.
EQUITY TECHS: E-MINI S&P: (Z5) Corrective Pullback
Oct-13 14:05
- RES 4: 6850.87 1.618 proj of the Aug 1 - 15 - 20 price swing
- RES 3: 6831.38 2.500 proj of the Aug 20 - 28 - Sep 2 price swing
- RES 2: 6819.25 1.500 proj of the Aug 1 - 15 - 20 price swing
- RES 1: 6705.18/6812.25 20-day EMA / High Sep 9
- PRICE: 6683.75 @ 14:54 BST Oct 13
- SUP 1: 6598.55 50-day EMA
- SUP 2: 6540.25 Low Sep 10 and a key short-term support
- SUP 3: 6506.50 Low Sep 5
- SUP 4: 6427.00 Low Sep 2
A sharp sell-off in S&P E-Minis on Friday is - for now - considered corrective. The contract has found support below the 50-day EMA, currently at 6598.55. Friday’s low of 6940.25 has been defined as a key short-term support. Note that moving average studies remain in a bull-mode position, highlighting a dominant uptrend. The bull trigger is 6812.25, the Sep 9 high. A breach of this hurdle would confirm a resumption of the uptrend.
UK DATA: MNI UK Labour Market Preview
Oct-13 14:00
- Labour market data is still incredibly important - particularly we think for Governor Bailey's view as to whether he rules out voting for a Q4 cut or not. We look at the wider MPC implications for the data.
- We look at the mechanics of the private regular pay release and conclude that a surprise to the 4.5%Y/Y consensus print for the 3-months to August is unlikely - but would be significant.
- We also look through the wider release.
