US TSYS: More Post-Data

May-27 12:43

Aside from PCE, Apr Advance Goods Trade Balance shows deficit of $105.9B vs. $114.9B expected; Wholesale Inventories +2.1% MoM vs. +2.0% exp. Tsys holding mildly higher -- session lows, yield curves still flatter with short end trading weaker now.

Historical bullets

OPTIONS: Larger FX Option Pipeline

Apr-27 12:42
  • EUR/USD: Apr29 $1.0565(E1.4bln), $1.0700(E2.7bln); May02 $1.0700-15(E1.1bln), $1.0800(E1.6bln)
  • USD/JPY: Apr29 Y124.00($1.4bln)
  • AUD/USD: Apr28 $0.7400(A$1.4bln)
  • USD/CAD: Apr28 C$1.2650-60($1.9bln); Apr29 C$1.2650($1.2bln)

USD: Another leg higher for the Dollar

Apr-27 12:39
  • USD buying going through, EURUSD breaks the support, while GBP, NZD, AUD, CHF, NOK and SEK are all going offered.
  • Next support in the EURUSD is seen further out towards 1.0494 Low Feb 22 2017

US TSY FUTURES: Tsys Gain on Huge Trade Balance Miss

Apr-27 12:38
    • US advance March goods trade balance -125.3B vs -106.3B expected
    • US wholesale inventories for March 2.3% versus 1.5% estimate
  • Huge trade miss lending to current bid in bonds, USM2 +15 at 142-29 - still off overnight high of 143-09. Yield curves mixeded, 2s10s -2.324 at 21.580, 5s30s +.161 inverted at -1.309.