USDCAD TECHS: Slips Sharply on USD Downdraft
Aug-06 06:59
* RES 4: 1.4111 Apr 10 * RES 3: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg * RES 2: 1.3...
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GILT TECHS: (U5) Monitoring Resistance
Jul-07 06:59
- RES 4: 93.76 High Jul 1 and key resistance
- RES 3: 93.41 High Jul 2
- RES 2: 93.26 76.4% retracement of the Jul 1 -2 sell-off
- RES 1: 92.79 High Jul 4
- PRICE: 92.38 @ Close Jul 4
- SUP 1: 92.12/91.63 Low Jul 3 / 2
- SUP 2: 91.50 61.8% retracement of the May 22 - Jul 1 bull leg
- SUP 3: 91.16 Low Feb 2
- SUP 4: 90.97 76.4% retracement of the May 22 - Jul 1 bull leg
Gilt futures faced strong selling pressure on Jul 2. The move down has cancelled a recent bullish theme - price breached the 20-day EMA and traded through a key support at 92.23, the Jun 16 low. The break suggests potential for an extension towards 91.50 next, a Fibonacci retracement. Price action is volatile. Initial resistance to watch is 92.79, the Jul 4 high. A resumption of gains would open the 93.41 high instead.
GILTS: Opening calls
Jul-07 06:57
- Gilt calls, 92.33/92.37.
Watch Bund and Tnotes, they are at session lows, but mostly Two way flows.
EQUITIES: EU Cash Opening calls
Jul-07 06:55
Estox 50: +0.17%, Dax: +0.18%, CAC: -0.05%, FTSE -0.09%, SMI +0.01%.
