ILS: Shekel Extends Weekly Loss
Oct-17 09:46
Spot USD/ILS extends weekly gain, with the pair last dealing +61 pips at 3.3201, and bulls look for a clearance of the 50-DMA (3.3385). Bears see Oct 9 low of 3.2375 as their initial target.
- Israel pledged to ramp up pressure on Hamas to return 19 missing bodies of hostages, with Channel 13 reporting that an international task force entered the Gaza Strip to begin a search.
- The TA-35 Index sits 1.2% lower on the day.
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EURIBOR OPTIONS: Call Spread vs Strangle
Sep-17 09:44
ERH6 98.00/98.06cs x1 vs 98.73/97.87^^ x0.5, bought the cs for 1 in 3k.
PORTUGAL T-BILL AUCTION RESULT: BT Results
Sep-17 09:42
| Type | 10-month BT | 12-month BT |
| Maturity | Jul 17, 2026 | Sep 18. 2026 |
| Amount | E750mln | E1bln |
| Target | E1.50-1.75bln | Shared |
| Previous | E750mln | E1bln |
| Avg yield | 2.005% | 2.009% |
| Previous | 1.941% | 1.906% |
| Bid-to-cover | 2.16x | 2.19x |
| Previous | 3.22x | 2.83x |
| Previous date | Jun 18, 2025 | Jul 16, 2025 |
OUTLOOK: Price Signal Summary - EUROSTOXX 50 Pullback Appears Corrective
Sep-17 09:39
- In the equity space, a bull cycle in S&P E-Minis remains intact and the contract is trading closer to its recent highs. A fresh cycle high yesterday reinforces current bullish conditions. The move higher confirms a resumption of the primary uptrend and maintains the bullish price sequence of higher highs and higher lows. Sights are on the 6700.00 handle next and 6712.33, a 1.764 projection of the Aug 20 - 28 - Sep 2 price swing. Initial support to watch is 6569.89, the 20-day EMA.
- EUROSTOXX 50 futures have recently traded through the 20-day EMA - a bullish development for now. The move higher undermines a recent bearish theme and signals potential for a climb towards 5522.0, the Aug 26 high and a bull trigger. On the downside, key support has been defined at 5292.00, the Sep 2 low. Clearance of this level is required to reinstate a bearish theme. For now, yesterday’s move down appears corrective.
