US TSYS/SUPPLY: Review: 30Y Bond Auction Tail

May-08 17:04

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Treasury futures extend lows (TYM5 taps support at 110-27.5) after the $25B 30Y auction (912810UK2) ...

Historical bullets

FED: US TSY 3Y NOTE AUCTION: HIGH YLD 3.784%; ALLOTMENT 38.62%

Apr-08 17:02
  • US TSY 3Y NOTE AUCTION: HIGH YLD 3.784%; ALLOTMENT 38.62%
  • US TSY 3Y NOTE AUCTION: DEALERS TAKE 20.73% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: DIRECTS TAKE 6.24% OF COMPETITIVES
  • US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 73.03% OF COMPETITIVES
  • US TSY 3Y AUCTION: BID/CVR 2.47

TARIFFS: White House Press Conference Underway Shortly

Apr-08 17:01

White House Press Secretary Karoline Leavitt is shortly due to deliver her first press conference since President Trump announced his 'reciprocal' tariffs on April 2. LIVESTREAM 

EURUSD TECHS: Support Remains Intact

Apr-08 17:00
  • RES 4: 1.1276 High Jul 18 ‘23 
  • RES 3: 1.1214 High Sep 25 2024 and a key resistance 
  • RES 2: 1.1188 0.764 proj of the Feb 28 - Mar 18 - 27 price swing  
  • RES 1: 1.1144 High Oct 1 2024 / High Apr 3 and the bull trigger     
  • PRICE: 1.0915 @ 16:27 BST Apr 8
  • SUP 1: 1.0882 Low Apr 7     
  • SUP 2: 1.0833 20-day EMA     
  • SUP 3: 1.0733 Low Mar 27 and a key short-term support     
  • SUP 4: 1.0684 50-day EMA and a short-term pivot level

EURUSD has pulled back from its latest high. For now, the trend condition remains bullish and a pullback is considered corrective. A key resistance at 1.0955, the Mar 18 high, was breached last week, confirming a resumption of the uptrend. It paves the way for a climb towards 1.1188 next, a Fibonacci projection. MA studies are in a bull-mode position highlighting a dominant uptrend. Initial firm support to watch lies at 1.0833, the 20-day EMA.