EM ASIA CREDIT: Thai Oil: Capex funding includes perps
Aug-13 05:27
(TOPTB, Baa3neg/BBB-neg/NR) Perpetual bond issuance confirmed, neutral for spreads. Thai Oil reite...
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BOBL TECHS: (U5) Bear Cycle Remains In Play
Jul-14 05:25
- RES 4: 118.390 High Jun 13 and a key resistance
- RES 3: 118.060 High Jun 20
- RES 2: 117.980 High Jul 4
- RES 1: 117.659 20-day EMA
- PRICE: 117.330 @ 06:09 BST Jul 14
- SUP 1: 117.200 Low Jul 11
- SUP 2: 117.009 1.236 proj of the Jun 13 - 16 - 20 price swing
- SUP 3: 117.000 Round number support
- SUP 4: 116.885 1.382 proj of the Jun 13 - 16 - 20 price swing
Last week’s move down in Bobl futures resulted in a breach of support at 117.530, the Jun 5 low. The break highlights a stronger reversal and cancels a recent bull theme. The move down has pierced 117.210, a 1.000 projection of the Jun 13 - 16 - 20 price swing. Clearance of this level would open the 117.000 handle. On the upside, resistance to watch is 117.659, the 20-day EMA. A clear breach of it would signal a possible reversal.
LOOK AHEAD: UK Timeline of Key Events (Times BST)
Jul-14 05:23
| Date | UK | Period | Event |
| 15-Jul | 0001 | Q1 | BRC-KPMG Shop Sales Monitor |
| 15-Jul | 2100 | Q1 | Mansion House: Chancellor Reeves and BOE Bailey |
| 16-Jul | 0700 | Q1 | Consumer inflation report |
| 17-Jul | 0700 | Q1 | Labour Market Survey |
| 22-Jul | 0700 | Q1 | Public Sector Finances |
| 23-Jul | 0001 | Q1 | Brightmine pay deals for whole economy |
| 24-Jul | 0930 | Q1 | S&P Global Flash PMI |
| 24-Jul | 1100 | Q1 | CBI Industrial Trends |
| 25-Jul | 0001 | Q1 | Gfk Monthly Consumer Confidence |
| 25-Jul | 0700 | Q1 | Retail Sales |
| 28-Jul | 1100 | Q1 | CBI Distributive Trades |
| 29-Jul | 0001 | Q1 | BRC Monthly Shop Price Index |
| 29-Jul | 0930 | Q1 | BOE Lending to Individuals M4 |
LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Jul-14 05:18
| Date | Time | Country | Event |
| 14-Jul | 1600 | EU | ECB Cipollone At EU Parliament |
| 15-Jul | 0800 | ES | HICP (f) |
| 15-Jul | 1000 | EU | Industrial Production |
| 15-Jul | 1000 | DE | ZEW Current Expectations Index |
| 16-Jul | 0900 | IT | HICP (f) |
| 16-Jul | 1000 | EU | Trade Balance |
| 17-Jul | 1000 | EU | HICP (f) |
| 17-Jul | ---- | EU | ECB Cipollone At G20 Meeting |
| 18-Jul | 0700 | DE | PPI |
| 18-Jul | 0900 | EU | EZ Current Account |
| 18-Jul | 1000 | EU | Construction Production |
| 18-Jul | ---- | EU | ECB Cipollone At G20 Meeting |
| 21-Jul | 1000 | EU | EZ Quarterly GDP Third Estimate |
| 22-Jul | 0900 | EU | ECB Bank Lending Survey |
| 23-Jul | 1500 | EU | Consumer Confidence Indicator (p) |
