LOOK AHEAD: Thursday Data Calendar: Weekly Claims, KC Fed Mfg, 10Y TIPS Sale

Jul-22 17:17

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* US Data/Speaker Calendar (prior, estimate). All times ET * 07/23 0830 Initial Jobless Claims (208k...

Historical bullets

EURUSD TECHS: Approaching Key Support

Jun-22 17:00
  • RES 4: 1.1665 Trendline resistance drawn from the Apr 17 high
  • RES 3: 1.1619 50-day EMA 
  • RES 2: 1.1569 20-day EMA
  • RES 1: 1.1500 Low Jun 8  
  • PRICE: 1.1429 @ 15:04 BST Jun 22
  • SUP 1: 1.1418 Low Jun 19
  • SUP 2: 1.1411 Low Mar 13 and 16 and a key M/T support
  • SUP 3: 1.1373 1.764 proj of the Jan 27 - Feb 6 - 10 price swing
  • SUP 4: 1.1340 38.2% retracement of the Feb 3 ‘25 - Jan 27 bull leg 

The sell-off in EURUSD last week confirmed a resumption of the bear cycle that started Apr 17. Moving average studies are in a bear-mode position highlighting  dominant downtrend and the move lower maintains the price sequence of lower lows and lower highs. Sights are on 1.1411, the Mar 13 and 16 low and a key medium-term support. Key resistance to watch remains 1.1619, the 50-day EMA. 

OPTIONS: All Calls In Europe Rates

Jun-22 16:52

Monday's Europe rate/bond options flow included:

  • ERU6 97.43/97.56/97.68c fly, bought for 1.25 in 3k
  • SFIV6 96.15/96.25/96.30/96.40 call condor, bought for 2.5 in 6k
  • SFIV6 96.05/96.15/96.25 call fly bought for 1.5 in 3.5k
  • SFIH7 96.20/96.30/96.45/96.55c condor, bought for 1.75 in 5k

FED: Adding Chicago Fed Goolsbee Radio Interview Today

Jun-22 16:48
  • Chicago Fed Pres Austan Goolsbee will sit for a radio interview on WBEZ at 1730ET