USDCAD TECHS: Southbound
Dec-10 08:06
- RES 4: 1.4140 High Nov 5 and a key resistance
- RES 3: 1.4051 High Nov 28
- RES 2: 1.3939/3971 Low Nov 28 / 20-day EMA
- RES 1: 1.3888 Low Oct 29
- PRICE: 1.3854 @ 08:05 GMT Dec 10
- SUP 1: 1.3800 Low Dec 08
- SUP 2: 1.3769 61.8% retracement of the Jun 16 - Nov 6 bull cycle
- SUP 3: 1.3727 Low Sep17
- SUP 4: 1.3682 76.4% retracement of the Jun 16 - Nov 6 bull cycle
A bear theme in USDCAD remains intact and is trading just ahead of its recent lows. The pair has breached the base of a bull channel drawn from the Jul 23 low. The break highlights a stronger bear cycle and signals scope for an extension towards 1.3769 next, a Fibonacci retracement point. Initial firm resistance to watch is 1.3971, 20-day EMA. Short-term gains would be considered corrective.
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EURIBOR OPTIONS: ERM6 98.75/98.875 Call Spread Lifted
Nov-10 08:03
ERM6 98.75/98.875 call spread paper paid 0.25 on +5K.
GILTS: Futures Called Lower
Nov-10 07:59
Desks calling futures to open at 92.95-93.00.
EQUITIES: Europe Set To Open Highs On U.S. Reopening Hope
Nov-10 07:59
The tentative movement towards the reopening of the U.S. government biases global equity index futures higher ahead of the European & UK cash opens:
- Euro Stoxx 50 futures: +1.60%
- DAX futures: +1.63%
- CAC 40 futures: +1.23%
- FTSE MIB futures: +1.13%
- FTSE 100 futures: +0.85%
- SMI futures: +0.90%
