SWEDEN: Sweden's caretaker Government's 2027 budget bill for 2027 has [...]
Nov-12 07:10
Sweden's caretaker Government's 2027 budget bill for 2027 has also been released. As expected, "The ...
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EURJPY TECHS: Trading Closer To Its Cycle Lows
Oct-13 07:09
- RES 4: 181.96 High Sep 4
- RES 3: 181.55 High Sep 18
- RES 2: 180.62 50-day EMA
- RES 1: 178.56 20-day EMA
- PRICE: 176.85 @ 08:08 BST Oct 13
- SUP 1: 176.22 Low Oct 05
- SUP 2: 176.01 1.236 proj of the Jul 29 - Aug 3 - 21 price swing
- SUP 3: 175.29 38.2% retracement of the Feb 28 ‘25 - Apr 17 bull leg
- SUP 4: 174.83 1.382 proj of the Jul 29 - Aug 3 - 21 price swing
A bearish theme EURJPY remains in play and the cross is trading closer to its recent cycle lows. Key short-term support at 177.85, the Sep 14 low and bear trigger, has been cleared. This confirms a resumption of the downtrend and signals scope for a move towards 176.01, a Fibonacci projection. Initial resistance to monitor is 178.56, the 20-day EMA. Key resistance and the reversal trigger is 180.62, the 50-day EMA.
EGB SYNDICATION: "*GUIDANCE: EU €5B WNG 10/2033 TAP EU+11A, €5B WNG 15Y [...]
Oct-13 07:08
"*GUIDANCE: EU €5B WNG 10/2033 TAP EU+11A, €5B WNG 15Y EU+10A" bbg
EGBS: Higher European Gas price have little impact on EGBs
Oct-13 07:06
- European Gas price print a fresh high for the November expiry (TZTX6) to reach its highest level since late 2022 as winter is coming.
- European Govies and Equities are unmoved, even in the face of higher prices and inflationary risks.
- Our commodity desk add that, European gas storage was 73.75% full on Oct 11 compared to the five-year seasonal average of 88.7%, according to GIE data, with net injections still just above normal.
