SILVER TECHS: Trend Signals Remain Bearish
* RES 4: $100.000 - Round number resistance * RES 3: $89.374 - High May 13 * RES 2: $78.898 - High M...
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USDCAD TECHS: Sights Are On Key Resistance
- RES 4: 1.4015 High Dec 2 2025
- RES 3: 1.3972 1.0% 10-dma envelope
- RES 2: 1.3967 High Mar 31 and a key M/T resistance
- RES 1: 1.3961 High Jun 8
- PRICE: 1.3939 @ 08:19 BST Jun 9
- SUP 1: 1.3867 Low Jun 5
- SUP 2: 1.3822 20-day EMA
- SUP 3: 1.3772 50-day EMA
- SUP 4: 1.3731 Low May 20
The current uptrend in USDCAD remains intact and recent strong gains have reinforced this condition. The move higher has confirmed a resumption of the bull cycle that started on May 1. This paves the way for an extension towards 1.3967, the Mar 31 high and the next key resistance. Initial firm support to watch lies at 1.3772, the 50-day EMA. A clear break of this average is required to signal a possible reversal.
EU-BOND SYNDICATION: CORRECT: 4/14-year Taps: Guidance
Previous version incorrectly referred to outstanding amount as book size
2.50% Oct-2030 (ISIN: EU000A4EG021)
- Size: EUR 3bln (WNG)
- Guidance: MS + 8 bps area
3.625% Dec-2040 (ISIN: EU000A4EJF17)
- Size: EUR 5bln (WNG)
- Guidance: 3.375% Oct-39 EU-bond + 12 bps area
For both:
- Settlement: 16 June 2026 (T+5)
- Barclays (DM/B&D) / BNP Paribas / BofA Securities / Santander / UBS
- Books Open, Today's Business
Details as per market source
AUDUSD TECHS: Trading At Its Recent Lows
- RES 4: 0.7402 Top of a bull channel drawn from the Apr 9 ‘25 low
- RES 3: 0.7325 1.500 proj of the Apr 29 - May 1 - May 5 price swing
- RES 2: 0.7223/78 High May 15 / 6 and the bull trigger
- RES 1: 0.7140/7201 20-day EMA / High May 29
- PRICE: 0.7054 @ 08:15 BST Jun 9
- SUP 1: 0.7018 Low Jun 08
- SUP 2: 0.7003 61.8% retracement of the Mar 30 - May 6 bull leg
- SUP 3: 0.6986 Low Apr 13
- SUP 4: 0.6938 76.4% retracement of the Mar 30 - May 6 bull leg
AUDUSD is trading at its recent lows. A sharp sell-off on Friday highlights a clear break of the 50-day EMA, currently at 0.7122. The break of this average signals scope for a deeper retracement and exposes 0.7003, a Fibonacci retracement. Note that the bear cycle that started Jun 5 could still be a correction. MA studies are in a bull-mode position highlighting a dominant uptrend. Initial firm resistance has been defined at 0.7201, the May 29 high.
