US TSY OPTIONS: Short Term 2Y Call Buyer

Jul-10 17:01

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* +15,000 Tue wkly 2Y 103 calls, 3.5 ref 102-30.62, new trade/open interest 0; expire next Tuesday...

Historical bullets

EURUSD TECHS: Bearish Trend Cycle Intact

Jun-10 17:00
  • RES 4: 1.1797 High May 06 
  • RES 3: 1.1701 Top of a bear channel drawn from the Apr 17 high
  • RES 2: 1.1650/1686 50-day EMA / High May 29
  • RES 1: 1.1576 Low May 21
  • PRICE: 1.1554 @ 17:07 BST Jun 10
  • SUP 1: 1.1500 Low Jun 08
  • SUP 2: 1.1443 Low Mar 30
  • SUP 3: 1.1411 Low Mar 13 and 16 and a key M/T support
  • SUP 4: 1.1373 1.764 proj of the Jan 27 - Feb 6 - 10 price swing 

Bearish conditions in EURUSD remain intact and the pair is trading closer to its recent lows. Last week’s move down confirmed a resumption of the downtrend. A resumption of the bear leg would pave the way for a move towards the next key support at 1.1411, the Mar 13 and 16 low. Resistance to watch is 1.1650, the 50-day EMA, and 1.1686, the May 29 high. A clear break of the 50-day average would be a bullish development.

US TSYS/SUPPLY: WI 10Y

Jun-10 16:55
  • WI 10Y has risen to 4.542% from 4.530% earlier, heading into the $39B 10Y note auction re-open (91282CQQ7) cut-off at 1300ET, compares to last month's small tail: 4.468% high yield vs. 4.464% WI.

FED: US TSY 9Y-11M AUCTION: NON-COMP BIDS $85 MLN FROM $39.000 BLN TOTAL

Jun-10 16:45
  • US TSY 9Y-11M AUCTION: NON-COMP BIDS $85 MLN FROM $39.000 BLN TOTAL