OUTLOOK: Price Signal Summary - Recent S/T Gains In Bunds Appear Corrective
Nov-27 12:10
- In the FI space, short-term gains in Bund futures appear corrective - for now. However, the contract has traded through the 50-day EMA, at 129.04. A clear break of the average would signal scope for a stronger recovery and open 129.40, the Nov 13 high. Key short-term support and the bear trigger lies at 128.37, the Nov 20 low. Clearance of this level would instead resume the bear leg and open 128.25, the Oct 7 low.
- A volatile spike higher in Gilt futures yesterday resulted in a breach of some important short-term resistance points. This strengthens a bullish theme and a continuation higher would signal scope for a climb towards resistance at 92.55, the Nov 11 high. A gap in the daily chart has been filled. A clear reversal lower would refocus attention on the first important support at 90.53, the Nov 26 low.
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BUNDS: Bund vs Schatz Swap related trade
Oct-28 12:05
- RXZ5 ~2.22k at 129.65 (suggest Payer).
- DUZ5 10.83k at 107.07 (suggest Receiver).
EQUITY OPTIONS: Large Estoxx Call Spread
Oct-28 11:56
SX5E (19th Dec) 6100/6200cs, bought for 5.6 and 5.7 in 25k.
OPTIONS: Expiries for Oct28 NY cut 1000ET (Source DTCC)
Oct-28 11:52
- EUR/USD: $1.1600(E874mln), $1.1625-35(E1.9bln)
- USD/JPY: Y152.50($720mln), Y152.95-00($1.0bln), Y153.35-50($609mln)
- AUD/USD: $0.6475(A$573mln)
