AMERICAS OIL: NSEA CRUDE: Bids Dominate Window; Vitol, Unipec, BP Seek Cargoes
Sep-25 17:13
NSEA CRUDE: Bids Dominate Window; Vitol, Unipec, BP Seek Cargoes
- Bloomberg -- The North Sea Platts window was flooded with bids. Vitol and Unipec joined BP bidding almost all benchmark grades. Petroineos bought Forties. The only outstanding offer was for Johan Sverdrup from BP.
- Forties, FOB: Petroineos bought from Shell for Oct. 16-18 at Dated +$1; BP bid Oct. 20-27 at +90c; Unipec bid Oct. 7-9 at +$1.10, Oct. 10-27 at +79c; Vitol bid Oct. 16-18 at +$1.15
- WTI Midland, CIF: BP bid Oct. 22-29 at +$1.90; Vitol bid Oct. 7-15 at +$2.15
- Troll, FOB: BP bid Oct. 23-25 at +$2.20; Vitol bid Oct. 14-16 at +$2.40
- Johan Sverdrup, FOB: BP offered Oct. 6-8 at -85c
- Oseberg, FOB: BP bid Oct. 19-27 at +$2; Vitol bid Oct. 7-9 at +$2.25
- Brent: Unipec bid Oct. 7-20 at +$2.70, CIF; BP bid Oct. 21-27 at +90c, FOB
- Ekofisk, FOB: BP bid Oct. 22-27 at +$1.75; Vitol bid Oct. 9-11 at +$1.95; Unipec bid at +$1.95 for Oct. 15-17 and Oct. 22-24
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US TSYS/SUPPLY: Review 2Y Note Auction: Strong
Aug-26 17:04
- Tsy futures inch higher after the latest $69B 2Y note auction (91282CNV9) stops through: 3.641% high yield vs. 3.656% WI; 2.69x bid-to-cover vs. 2.62x prior.
- Peripheral stats: Indirect take-up inches up to 57.09% from 55.33 prior, directs slip to 33.16% vs. 34.37% prior, primary dealer take-up at 9.74% vs. 10.30% prior.
- The next 2Y auction is tentatively scheduled for September 23.
FED: US TSY 2Y NOTE AUCTION: HIGH YLD 3.641%; ALLOTMENT 57.40%
Aug-26 17:02
- US TSY 2Y NOTE AUCTION: HIGH YLD 3.641%; ALLOTMENT 57.40%
- US TSY 2Y NOTE AUCTION: DEALERS TAKE 9.74% OF COMPETITIVES
- US TSY 2Y NOTE AUCTION: DIRECTS TAKE 33.16% OF COMPETITIVES
- US TSY 2Y NOTE AUCTION: INDIRECTS TAKE 57.09% OF COMPETITIVES
- US TSY 2Y AUCTION: BID/CVR 2.69
EURUSD TECHS: Corrective Pullback
Aug-26 17:00
- RES 4: 1.1851 High Sep 10 2021
- RES 3: 1.1829 High Jul 01 and the bull trigger
- RES 2: 1.1789 High Jul 24
- RES 1: 1.1743 High Aug 22
- PRICE: 1.1660 @ 16:15 BST Aug 26
- SUP 1: 1.1597/1.1528 50-day EMA / Low Aug 5
- SUP 2: 1.1392 Low Aug 1 and bear trigger
- SUP 3: 1.1373 Low Jun 10
- SUP 4: 1.1313 Low May 30
Despite Monday's move down, the trend set-up in EURUSD remains bullish and short-term weakness is for now considered corrective. Support at the 50-day EMA remains intact, at 1.1597. A clear break of it would signal scope for a deeper retracement and potentially expose key support at 1.1392, the Aug 1 low. For bulls, a stronger resumption of gains would open key resistance and the bull trigger at 1.1829, the Jul 1 high.
