US TSYS: TU Block

Aug-29 21:02

Latest block trade lodged at 21:29:02 London/ 16:29:02 NY

  • TUZ3 7llots blocked at 101-27.25, looks like a seller

Historical bullets

BONDS: NZGBS: Morgan Stanley See Smaller Than Average Month-End Extension

Jul-30 20:40

Morgan Stanley expect “the 1y+ NZGB index to extend by 0.003y in July, compared to an average July extension of 0.023y and an average month's extension of 0.029y. A total of about NZ$1 billion of issuance will affect the extension, and no bonds will fall out of the index.”

USDCAD TECHS: Resistance At The 50-Day EMA Remains Intact

Jul-28 20:00
  • RES 4: 1.3427 High Jun 7
  • RES 3: 1.3387 High Jul 7 and a key resistance
  • RES 2: 1.3288 50-day EMA
  • RES 1: 1.3249 High Jul 28
  • PRICE: 1.3225 @ 16:42 BST Jul 28
  • SUP 1: 1.3093 Low Jul 14 and the bear trigger
  • SUP 2: 1.3084 1.618 proj of the Apr 28 - May 8 - May 26 price swing
  • SUP 3: 1.3032 1.764 proj of the Apr 28 - May 8 - May 26 price swing
  • SUP 4: 1.2992 50.0% retracement of the 2021 - 2022 bull leg

USDCAD remains in consolidation mode and is trading above key support at 1.3093, the Jul 14 low. Moving average studies continue to highlight a dominant downtrend. A break of 1.3093 would confirm a resumption of the medium-term bear cycle. This would open 1.3084 and 1.3032, Fibonacci projection points. On the upside, clearance of the 50-day EMA, at 1.3288, is required to highlight a possible short-term reversal.

AUDUSD TECHS: Bearish Price Action

Jul-28 19:30
  • RES 4: 0.6847 High Jul 20
  • RES 3: 0.6821 High Jul 27
  • RES 2: 0.6746 20-day EMA
  • RES 1: 0.6714 Intraday high
  • PRICE: 0.6664 @ 16:41 BST Jul 28
  • SUP 1: 0.6619 Low Jul 7
  • SUP 2: 0.6596 Low Jun 29 and key support
  • SUP 3: 0.6562 76.4% retracement of the May 31 - Jun 16 rally
  • SUP 4: 0.6485 Low Jun 1

AUDUSD traded sharply lower Friday, extending the reversal from Thursday’s 0.6821 high. The move down reinforces a bearish theme and note that the pair is trading below both the 20- and 50-day EMAs. This signals scope for weakness towards the next key support at 0.6596, the Jun 29 low. On the upside, key short-term resistance has been defined at 0.6821, where a break is required to reinstate a bullish theme.