US TSYS: Post-UofM Sentiment, Inflation Estimates React

Jun-13 14:05

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* Treasuries holding near recent session lows, small round of buying as markets digest latest UofM...

Historical bullets

BONDS: Gilt Targets next support, US 10 Yield finds resistance at 4.50%

May-14 14:02
  • The US 10yr Tnotes has found support in Futures, resistance at the 4.50% level, printed at 4.4966% high so for today.
  • We have just mentioned the next Technical support in Gilt at 90.92 (76.4% retrace of the Apr/May range).

But in Yield term for the 10yr, next upside targets are at:

  • 4.757% = 90.67 (11th April high).
  • 4.809% = 90.20 (March high, and highest since January).

OPTIONS: Expiries for May15 NY cut 1000ET (Source DTCC)

May-14 14:01
  • EUR/USD: $1.1000(E1.0bln), $1.1090-00(E3.6bln), $1.1385-90(E1.2bln), $1.1410(E1.0bln)
  • USD/JPY: Y140.00($3.4bln), Y145.00($2.1bln), Y146.95-05($1.3bln)
  • GBP/USD: $1.3500(Gbp658mln)
  • AUD/USD: $0.6475(A$1.3bln)
  • NZD/USD: $0.5880(N$1.0bln)
  • USD/CNY: Cny7.3000($883mln)

EQUITY TECHS: E-MINI S&P: (M5) Bulls Remain In The Driver’s Seat 

May-14 13:42
  • RES 4: 6080.75 High Feb 26    
  • RES 3: 6057.00 High Mar 3  
  • RES 2: 6000.00 Round number resistance      
  • RES 1: 5927.00 High May 13                                  
  • PRICE: 5918.50 @ 14:31 BST May 14 
  • SUP 1: 5648.28 50-day EMA                        
  • SUP 2: 5455.50 Low Apr 30 
  • SUP 3: 5355.25 Low Apr 24
  • SUP 4: 5127.25 Low Apr 21 and a key support 

A bullish trend condition in S&P E-Minis remains intact and this week’s appreciation reinforces current conditions. The contract has cleared an important resistance at 5837.25, the Mar 25 high and a bull trigger. This strengthens the bullish theme, paving the way for a continuation near-term. Sights are on the 6000.00 handle next. Initial firm support to watch lies at 5648.28, the 50-day EMA.