EQUITIES: Roll pace
Roll Pace ahead of quadruple witching Friday.
- S&P: 74.0%
- NQA: 66.0%
- DOW: 63.5%
- VGA: 61.0%
- DAX: 54.0%
- FTSE: 65.5%
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EUROZONE ISSUANCE: GREECE AUCTION PREVIEW: 1.75% Jun-32 GGB
On offer today:
- E200mln of the 1.75% Jun-32 GGB (ISIN: GR0124038721)
- This is an extraordinary auction which was added to the schedule on Friday “to provide additional liquidity on this maturity point of the GGB curve”.
Timing: Results will be available shortly after the auction closes at 1000 GMT / 1100 CET.
See PDF below for full auction preview:
USDCAD TECHS: Heading South
- RES 4: 1.3808 High Nov 3 and a key resistance
- RES 3: 1.3729 Trendline resistance drawn from the Oct 13 high
- RES 2: 1.3571 High Nov 10
- RES 1: 1.3361/1.3481 High Nov 11 / 50-day EMA
- PRICE: 1.3253 @ 08:13 GMT Nov 14
- SUP 1: 1.3236 Low Nov 11
- SUP 2: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
- SUP 3: 1.3139 Low Sep 14
- SUP 4: 1.3023 76.4% retracement of the Aug 11 - Oct 13 rally
USDCAD maintains a bearish theme. Last Thursday’s sell-off resulted in a new multi-month low, reinforcing a bearish theme and marking an extension of the bearish price sequence of lower lows and lower highs. This tilts the balance further in favour of bears. A continuation lower would open 1.3205, a Fibonacci retracement. On the upside, key short-term resistance has been defined at 1.3571, the Nov 10 high.
AUDUSD TECHS: Bullish Price Structure
- RES 4: 0.6909 76.4% retracement of the Aug 11 - Oct 13 downleg
- RES 3: 0.6800 Round number resistance
- RES 2: 0.6768 61.8% retracement of the Aug 11 - Oct 13 downleg
- RES 1: 0.6723 Intraday high
- PRICE: 0.6700 @ 08:08 GMT Nov 14
- SUP 1: 0.6522/0.6459 50-day EMA / 20-day EMA
- SUP 2: 0.6387 Low Nov 10
- SUP 3: 0.6272 Low Nov 3 and a key support
- SUP 4: 0.6210/6170 Low Oct 21 / 13 and the bear trigger
AUDUSD remains firm and is holding on to its recent gains and price remains above the 50-day EMA. This strengthens bullish conditions and signals scope for an extension of the rally that started mid-October. The pair has cleared 0.6682, the Jul 14 low and a previous breakout level. Further out, scope is seen for a climb towards 0.6768, a Fibonacci retracement level. Firm short-term support has been defined at 0.6387, last Thursday’s low.
