EQUITIES: Stock Futures Strike New Record Highs
Jul-18 08:53
S&P E-Minis are trading higher today and this has resulted in a fresh cycle high. The climb confirms a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. A bull cycle in Eurostoxx 50 futures remains in play and recent weakness appears to have been a correction. Support to watch is 5281.00, the low on Jul 1 and 4. A clear break of this price point would strengthen a bearish threat.
- Japan's NIKKEI closed lower by 82.08 pts or -0.21% at 39819.11 and the TOPIX ended 5.33 pts lower or -0.19% at 2834.48.
Elsewhere, in China the SHANGHAI closed higher by 17.658 pts or +0.5% at 3534.483 and the HANG SENG ended 326.71 pts higher or +1.33% at 24825.66. - Across Europe, Germany's DAX trades higher by 115.22 pts or +0.47% at 24485.57, FTSE 100 higher by 15.83 pts or +0.18% at 8988.51, CAC 40 up 47.72 pts or +0.61% at 7869.7 and Euro Stoxx 50 up 26.07 pts or +0.48% at 5403.37.
- Dow Jones mini up 61 pts or +0.14% at 44779, S&P 500 mini up 7.5 pts or +0.12% at 6348, NASDAQ mini up 27.5 pts or +0.12% at 23278.25.
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EURIBOR OPTIONS: Call Condor vs Put
Jun-18 08:43
ERH6 98.0625/98.1875/98.50/98.625c condor vs 97.875p, bought the condor for half in 2.5k.
CROSS ASSET: The USD is paring small losses
Jun-18 08:35
- A small bid in the Dollar is going through, testing session high against the INR, SEK, PHP, and paring some small losses versus the EUR, GBP, AUD and NZD.
- Multi cross assets are seeing two way price action, and are mostly in a holding pattern as the Globe awaits on the Fed.
- European Equity futures are seeing some selling, but as expected the Rolls dominates on both side of the Pond given that Tomorrow is Juneteenth, so the liquidity in the June Expiry could be set to diminish.
FOREX: FX OPTION EXPIRY
Jun-18 08:28
Of note:
EURUSD 2.86bn at 1.1500 (could act as Magnet).
USCAD 1.79bn at 1.3600 (a little far).
EURUSD 5.52bn at 1.1545/1.1600 (thu).
USDJPY 1.92bn at 146.00 (fri).
- EURUSD: 1.1450 (645mln), 1.1455 (292mln), 1.1460 (596mln), 1.1490 (339mln), 1.1500 (2.86bn), 1.1525 (462mln).
- USDCAD: 1.3600 (1.79bn), 1.3700 (481mln).
- USDZAR: 18.0000 (240mln).
- EURSEK: 11.1500 (409mln).
