POWER: Poland's February Ends One Week Upward Trend
Jan-28 15:07
Poland's February declined to end its upward trend that began on 21 January, to be weighed down by l...
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SOFR OPTIONS: Better Put Buying on Net
Dec-29 15:00
Option desks report better put buying after the open, fading the current bid in underlying that sees projected rate cut pricing gaining vs. early morning levels (*): Jan'26 at -4.8bp, Mar'26 at -14.8bp (-13.9bp), Apr'26 at -21.3bp (-20.3bp), Jun'26 at -35.3bp (-34.3bp). Latest flow since the open:
- +5,000 SFRH6 96.31/96.37 put spds vs. SFRG6 96.31 puts, 1.25 net
- +2,000 SFRM6 96.00/96.25 put spds, .25 ref 96.705
- +3,000 0QF6 97.50 calls, 0.25 ref 96.90
- +1,000 0QF6/0QH6 96.93 straddle spd, 14.0 net
- +8,000 SFRF6/G6/H6 96.25 put strip, 1.0
MNI: US NAR NOV PENDING HOME SALES INDEX 79.2 V 76.7 IN OCT
Dec-29 15:00
- MNI: US NAR NOV PENDING HOME SALES INDEX 79.2 V 76.7 IN OCT
- US NAR NOV PENDING HOME SALES +3.3% MOM; +2.6% YOY
COMMODITIES: Gold, Silver Extend Correction, Silver 14% Below the Overnight High
Dec-29 14:47
Corrective activity in precious metals extending here: spot gold has slipped further still on the US cash equity open, putting prices well through $4400 to make for a 4.25% slip off the cycle high.
- Selling pressure in silver is even more acute, and quite lilely leading gold here: price is off 8.8% on the day and near 14% off the overnight high, with metals markets de-linking from broader market activity and clearly trading in isolation here.
- The gold/silver ratio is suitably bouncing after hitting a low of 54.2 earlier today - but is still below Friday's highs. Despite the holiday-thinned trade, we note the very healthy activity in futures markets also: on the latest volume spike, activity in gold futures is now close to double the average for this time of day.
