OUTLOOK: Price Signal Summary - Gold Support Remains Intact For Now
Jul-10 10:55
- On the commodity front, recent weakness in Gold resulted in a breach of the 50-day EMA, and a trendline drawn from the Dec 30 ‘24 low and connected to the Feb 28 low. A clear break of both trend tools would signal scope for a deeper correction, and open $3245.5, May 29 low. Note, the recovery from the Jun 30 low also highlights a possible false trendline break. A resumption of gains would refocus attention on $3451.3, Jun 16 high. The bear trigger is $3248.7, Jun 30 low.
- In the oil space, WTI futures maintain a bearish tone following the reversal from the Jun 23 high, and recent gains are considered corrective. Support to watch is the 50-day EMA, at $65.22. The average has been pierced, a clear break of it would signal scope for a deeper retracement. This would expose $58.87, the May 30 low. Initial resistance to watch is $71.20, the 50.0% retracement of the Jun 23 - 24 high-low range. Key resistance is at $78.40, the Jun 23 high.
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PIPELINE: Corporate Bond Roundup: Lloyds, ANZ & CAF on Tap
Jun-10 10:51
- Date $MM Issuer (Priced *, Launch #)
- 06/10 $500M CAF WNG Perp5.5 7.125%a
- 06/10 $Benchmark Lloyds 4NC3, 4NC3 SOFR, 11NC10
- 06/10 $Benchmark ANZ 3Y +60a, 3Y SOFR, 11NC10 +165a
- 06/10 $Benchmark Bahamas investor calls
- $3.05B Priced Monday
OPTIONS: Expiries for Jun10 NY cut 1000ET (Source DTCC)
Jun-10 10:46
- EUR/USD: $1.1300-20(E1.5bln), $1.1370-75(E920mln), $1.1400-25(E2.1bln)
- USD/JPY: Y143.90-00($1.1bln), Y144.85-00($805mln)
- AUD/USD: $0.6420(A$771mln), $0.6460(A$529mln)
- USD/CAD: C$1.3695($869mln)
GILTS: Basis trade unwind
Jun-10 10:45
G U5 3.9k at 92.54.
- This is an unwind from the G U5 3.9k at 92.56 before the syndication earlier.
