TARIFFS: Trump Aides Mulling Section 122 and 301 Tariffs Following SCOTUS Ruling
* The New York Times reports that Trump aides are mulling Section 122 and 301 tariffs as President...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSYS/SUPPLY: Review 20Y Bond Auction Re-Open
Treasury futures gain slightly (TYH6 +5 at 111-18.5) after $13B 20Y Bond auction re-open (912810UQ9) stops through - drawing a high yield of 4.846% vs 4.857% WI at the cutoff; 2.86x bid-to-cover vs. 2.67x prior.
- Peripheral stats: indirect take-up slips to 64.71% vs. 65.19% prior; direct bidder take-up rises to 29.08% from 22.24% prior; primary dealer take-up retreats to 6.21% vs. 12.57% prior.
- The next 20Y auction (new) is scheduled for February 18, 2026.
FED: US TSY 19Y-10M BOND AUCTION: HIGH YLD 4.846%; ALLOT 3.89%
- US TSY 19Y-10M BOND AUCTION: HIGH YLD 4.846%; ALLOT 3.89%
- US TSY 19Y-10M BOND AUCTION: DEALERS TAKE 6.21% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: DIRECTS TAKE 29.08% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: INDIRECTS TAKE 64.71% OF COMPETITIVES
- US TSY 19Y-10M BOND AUCTION: BID/COV 2.86
EURUSD TECHS: Has Cleared The 20-Day EMA
- RES 4: 1.1919 High Sep 17 and a key M/T resistance
- RES 3: 1.1848 High Sep 18
- RES 2: 1.1808 High Dec 24 and the bull trigger
- RES 1: 1.1768 High Jan 20
- PRICE: 1.1708 @ 17:10 GMT Jan 21
- SUP 1: 1.1633/1573 Low Jan 20 / 19 and the bear trigger
- SUP 2: 1.1549 76.4% retracement of the Nov 5 - Dec 12 bull leg
- SUP 3: 1.1512 Low Nov 25
- SUP 4: 1.1491 Low Nov 21
The recovery in EURUSD from Monday’s low has altered the technical picture. The rally highlights a reversal of the bear leg that has been in place since Dec 24. Monday’s price pattern is a bullish engulfing candle - a reversal signal. The pair has cleared the 20-day EMA strengthening a reversal threat, and 1.1743, the high Jan 6, has been pierced. A clear breach of this level would further strengthen a bull theme. Key support is 1.1573, the Jan 19 low.
