US: Trump's Approval Rating Sags Ahead Of Iran Ceasefire Announcement

• RES 4: 1.1835 High Feb 23  
• RES 3: 1.1752 50-day EMA
• RES 2: 1.1740 20-day EMA
• RES 1: 1.1655 High Mar 4
• PRICE: 1.1588 @ 15:52 GMT Mar 9
• SUP 1: 1.1507 Intraday Low Mar 09
• SUP 2: 1.1491 Low Nov 21 ‘25
• SUP 3: 1.1456 1.50 proj of the Jan 27 - Feb 6 - 10 price swing
• SUP 4: 1.1392 Low Aug 1 ‘25 

A bear cycle in EURUSD remains in play and Monday’s fresh cycle low reinforces current conditions. The pair has traded below 1.1573, the Jan 19 low and a key support. A clear break of it would open 1.1491, the Nov 21 ‘25 low. Note that moving average studies highlight a bearish cross - if confirmed this would signal a medium-term bearish development. First resistance is 1.1655, the Mar 4 high.

• Date $MM Issuer (Priced *, Launch #)
• 03/09 $Bookmark investor calls today: Sumisho Air Lease, GATX, Kexim
• Expected Tuesday:
• 03/10 $Bookmark KFW 3Y +30a
• 03/06 No new issuance Friday, $78.5B total on week

That's a pretty small Italian auction - presumably the MEF is being cautious given current market conditions. Particularly, given that the long-dated BTP also only has a residual maturity of 12-years (so pretty low on duration too).