US DATA: Solid July For PCE, But Consumption And Income Momentum Remain Tepid
Aug-29 13:15
July's Personal Income and Outlays report showed a modest uptick in income and spending on the month...
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EURIBOR: Basis trade
Jul-30 13:07
Euribor Basis trade:
- ERU5 4k at 98.01.
STIR FUTURES: BLOCK: Sep'25 SOFR Sale
Jul-30 13:07
- -10,000 SFRU5 95.835, post time bid at 0859:48ET, contract trades 95.835 last (-0.010).
AUDUSD TECHS: Clears The 20- And 50-day EMAs
Jul-30 13:06
- RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
- RES 3: 0.6688 High Nov 7 ‘24
- RES 2: 0.6677 0.764 proj of the Jun 23 - Jul 11 - 17 price swing
- RES 1: 0.6538/6625 High Jul 29 / 24 and the bull trigger
- PRICE: 0.6467 @ 14:05 BST Jul 30
- SUP 1: 0.6455 Low Jul 17
- SUP 2: 0.6373 Low Jun 23 and a bear trigger
- SUP 3: 0.6354 38.2% retracement of the Apr 9 - Jul 24 upleg
- SUP 4: 0.6323 Low Apr 16
AUDUSD has this week traded through both the 20- and 50-day EMAs. This undermines a recent bullish theme and signals the likely start of a corrective cycle. The next support to watch lies at 0.6455 the Jul 17 low. A clear break of this level would strengthen a bearish threat and signal scope for an extension towards 0.6373, the Jun 23 low. Key resistance has been defined at 0.6625 the Jul 24 high. It also represents the bull trigger.
