STIR: Repo Reference Rates

• EUR/USD: Mar18 $1.0745-55(E2.3bln), $1.0900-10(E678mln); Mar19 $1.0800(E1.5bln), $1.0900(E1.1bln); Mar20 $1.0900-10(E1.3bln)
• USD/JPY: Mar18 Y147.00($1.2bln), Y148.50($1.2bln), Y150.00($1.4bln); Mar20 Y145.00($1.2bln)
• AUD/USD: Mar18 $0.6320-30($1.5bln); Mar20 $0.6400-15(A$1.5bln)
• USD/CAD: Mar19 C$1.4565($1.6bln)

• On the commodity front, a clear uptrend in Gold remains intact and last week’s move higher reinforces current conditions. The yellow metal traded to a fresh all-time high and price has also pierced the psychological $3000 handle. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Sights are on $3006.9 next, a 2.236 projection of the Nov 14 - Dec 12 - 19 price swing. Key S/T trend support has been defined at $2832.7, Feb 28 low. First support lies at $2913.9, the 20-day EMA.
• In the oil space, a bearish condition in WTI futures remains intact and the latest recovery appears corrective - for now. Recent weakness resulted in a breach of $70.20, the Feb 6 low. This confirmed a resumption of the downtrend that started Jan 15 and has paved the way for an extension towards $63.61 next, the Oct 10 ‘24 low. MA studies are in a bear-mode position, highlighting a dominant downtrend. Key pivot resistance is $69.86, the 50-day EMA.

Former Atlanta Fed President Dennis Lockhart discusses the U.S. and Fed outlook -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com