EU REAL ESTATE: Property: Week in Review
Aug-08 11:04
Another positive week for Real Estate with spreads 1.5bps better. Results for Vonovia and Simon Prop...
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EQUITY OPTIONS: Long Dated EU Bank Strangle
Jul-09 11:01
SX7E (15/12/28) 150/250^^, bought for 28.3 in 12k vs ~6.5k at 210.00.
MNI: US MBA: MARKET COMPOSITE +9.4% SA THRU JUL 04 WK
Jul-09 11:00
- MNI: US MBA: MARKET COMPOSITE +9.4% SA THRU JUL 04 WK
OUTLOOK: Price Signal Summary - Monitoring Support In Gold
Jul-09 10:53
- 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. First resistance is $3365.80, the Jul 3 high.
- In the oil space, WTI futures maintain a softer tone following the reversal from the Jun 23 high, and recent gains still appear corrective. Support to watch is the 50-day EMA, at $65.09. 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.
