GBPUSD TECHS: Monitoring Resistance
Sep-05 17:30
* RES 4: 1.3681 High Jul 4 * RES 3: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg * RES 2: 1....
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GBPUSD TECHS: Firmer Close
Aug-06 17:30
- RES 4: 1.3681 High Jul 4
- RES 3: 1.3620 High Jul 10
- RES 2: 1.3430/1.3589 50-day EMA / High Jul 24
- RES 1: 1.3365 Low Jul 16
- PRICE: 1.3336 @ 16:06 BST Aug 6
- SUP 1: 1.3144 38.2% retracement of the Jan 13 - Jul 1 bull cycle
- SUP 2: 1.3041 Low Apr 14
- SUP 3: 1.3000 Round number support
- SUP 4: 1.2945 50.0% retracement of the Jan 13 - Jul 1 bull cycle
A bearish theme in GBPUSD remains intact for now - despite Friday’s rally and the continuation into the Wednesday close. Last week’s sell-off resulted in a breach of the bear trigger at 1.3365, the Jul 16 low. The break confirms a resumption of the downleg that started Jul 1 and highlights a clear breach of the trendline drawn from the Jan 13 low. Sights are on 1.3144, a Fibonacci retracement, and 1.3041, the Apr 14 low. Firm resistance is 1.3430, the 50-day EMA. A break of this average is required to signal a reversal.
PIPELINE: Corporate Bond Update: BMW 4Pt Guidance Updated
Aug-06 17:13
- Date $MM Issuer (Priced *, Launch #)
- 08/06 $1B Cloud Software Group 8NC3
- 08/06 $Benchmark BMW US 2Y +50, 2Y SOFR+71, 5Y +75, 10Y +100
- 08/06 $Benchmark Oneok 7Y +103, 10Y +122, 30Y +147
- 08/06 $900M #American Water Capital 30Y +90
- 08/06 $700M Match Group 8NC3
- 08/06 $500M #PPL Electric WNG 30Y +77
- 08/06 $800M #Extra Space Storage +7Y +100
US: Trump Says Witkoff Had "Highly Productive" Meeting With Putin
Aug-06 17:05
- Trump on Truth Social: "My Special Envoy, Steve Witkoff, just had a highly productive meeting with Russian President Vladimir Putin. Great progress was made! Afterwards, I updated some of our European Allies. Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come. Thank you for your attention to this matter!"
