IRAN: Reports Of Explosions/Air Defence Being Activated
Jun-10 21:32
Headlines crossing from Iran around reports of explosions. This follows overnight comments from US P...
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ASIA: Coming Up In Asia Pac Markets Tuesday
May-11 21:00
| 0001BST | 0701HKT | 0901AEST | UK Apr BRC Sales Y/Y |
| 0030BST | 0730HKT | 0930AEST | Japan Mar Household Spending |
| 0050BST | 0750HKT | 0950AEST | BoJ Summary of Opinions (Apr MPM) |
| 0230BST | 0930HKT | 1130AEST | Australia Apr NAB Business Survey |
| 0435BST | 1135HKT | 1335AEST | Japan 10yr Bond Sale |
| 0600BST | 1300HKT | 1500AEST | Japan Mar P leading and Coincident Indices |
Source: Bloomberg Finance L.P./MNI
USDCAD TECHS: Trend Condition Remains Bearish
May-11 20:00
- RES 4: 1.4015 High Dec 2 ‘25
- RES 3: 1.3985 76.4% retracement of the Nov 5 ‘25 - Jan 30 bear leg
- RES 2: 1.3878/3967 High Apr 13 / High Mar 31 and the bull trigger
- RES 1: 1.3713 50-day EMA
- PRICE: 1.3666 @ 16:56 BST May 11
- SUP 1: 1.3550/26 Low May 1 / Low Mar 9
- SUP 2: 1.3502 1.0% 10-dma envelope
- SUP 3: 1.3482 Low Jan 30 and key support
- SUP 4: 1.3420 Low Sep 25
Despite a continuation of the recent recovery in USDCAD, the trend condition remains bearish and the latest recovery appears corrective. Initial firm resistance is seen at 1.3713, the 50-day EMA. A clear break of this average is required to signal a possible S/T reversal. A resumption of weakness would pave the way for a move towards 1.3526, the Mar 9 low and the next key support. A clear break of this level would open 1.3482, the Jan 30 low.
US INFLATION: Prediction Markets Close To Unrounded Analyst Estimates For April
May-11 19:46
- Kalshi betting has a forecast of a slightly ‘low’ 0.6% M/M for headline CPI in April, broadly echoing the 0.56% M/M median unrounded estimate we've seen.
- Similarly, Kalshi betting sees core CPI between 0.3-0.4% M/M for close to the median 0.36% M/M unrounded estimate.
- The market remains very thin, especially when it comes to core M/M estimates.
