OUTLOOK: Price Signal Summary - EURUSD Trend Structure Remains Bearish
Jan-08 11:06
- In FX, the trend condition in EURUSD remains bearish and recent gains appear corrective. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend. The 20-day EMA, at 1.0405, has been pierced. The next resistance to watch is 1.0458, the Dec 30 high. The bear trigger is 1.0226, the Jan 2 low.
- The trend condition in GBPUSD remains bearish. The sharp sell-off on Jan 2 confirmed a resumption of the medium-term downtrend. Note too that MA studies are in a bear-mode position, highlighting a downtrend. The latest recovery is for now, considered corrective. Initial firm resistance is at 1.2550, the 20-day EMA (pierced). The bear trigger is 1.2353, the Jan 2 low.
- USDJPY bulls remain in the driver’s seat and the pair is trading at its recent highs. Tuesday’s fresh cycle high reinforces current bullish conditions. The recent breach of 156.75, the Nov 15 high, confirmed a resumption of the uptrend and this has paved the way for a move towards 159.45, the Jul 12 high. Initial firm support is 156.24, the 20-day EMA.
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US: SOFR FIX - 09/12/24
Dec-09 11:02
SOFR FIX - Source BBG/CME
- 1M 4.45195 -0.02535
- 3M 4.39622 -0.0305
- 6M 4.28907 -0.04035
- 12M 4.12895 -0.05184
OUTLOOK: Price Signal Summary - EUROSTOXX 50 Futures Bull Cycle Still In Play
Dec-09 10:56
- The S&P E-Minis contract maintains a bullish tone and price is trading at its latest highs. Recent gains confirm a resumption of the uptrend and signal scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on 6145.26, a 1.236 projection of the Aug 5 - Sep 3 - 6 price swing. Initial support to watch lies at 6009.42, the 20-day EMA.
- EUROSTOXX 50 futures traded higher last week and the contract is holding on to the bulk of its latest gains. The move higher undermines a recent bearish theme. Price has traded through the 50-day EMA, at 4873.27. The clear breach of this average strengthens a bullish theme and note that 4961.00, the Nov 6 high, has also been pierced. This opens 5015.00, the Oct 29 high. Key support is 4699.00, the Nov 19 low. Initial support lies at 4844.40, the 20-day EMA.
EQUITIES: Deutsche Bank Put seller
Dec-09 10:50
Decent single stock Bank Option, multiple clips, Deutsche:
- DBK (21st Feb) 13p, sold at 0.10 in ~11k.
This suggest a new position, there's only 21 lots in OI in that strike.
