US 10YR FUTURE TECHS: (U5) Bear Threat Remains Present
Jul-18 16:16
- RES 4: 112-15 61.8% retracement of the Apr 7 - 11 sell-off
- RES 3: 112-12+ High Jul 1 and a bull trigger
- RES 2: 111-13+/111-28 High Jul 10 / High Jul 3
- RES 1: 110-30+ 20-day EMA
- PRICE: 110-27 @ 17:12 BST Jul 18
- SUP 1: 110-08+ Low Jul 14 & 16
- SUP 2: 110-03 76.4% retracement of the May 22 - Jul 1 bull leg
- SUP 3: 109-28 Low Jun 6 and 11
- SUP 4: 109.25 Low May 27
Treasury futures are trading above their recent highs but maintain a softer tone. An important support at 110-17, 61.8% of the May 22 - Jul 1 bull leg, has been breached. Note that price has also traded through a trendline support at 110-26. The line is drawn from the May 22 low. A continuation would open 110-03, the 76.4% retracement. Initial resistance is at 111-30+, the 20-day EMA.
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US STOCKS: Midday Equities Roundup: Off Highs, Reacting to Geopol Headlines
Jun-18 16:12
- Similar to this week's underlying themes, stocks gained as wires reported that Iran had reached out to Pres Trump to discuss a ceasefire with Israel. Support gradually eased after Iran denied the call: Iranian officials posted on social media: "Iran does NOT negotiate under duress, shall NOT accept peace under duress, and certainly NOT with a has-been warmonger clinging to relevance."
- Currently, the DJIA trades up 173.38 points (0.41%) at 42389.47, S&P E-Minis up 25.5 points (0.42%) at 6063.75, Nasdaq up 115 points (0.6%) at 19636.09.
- Leading gainers included Coinbase Global climbing 6.51% after a Stablecoin bill cleared the Senate, Enphase Energy +4.81% and Nucor +3.71%, Jabil +3.83%, Intel +3.61.
- Conversely, insurance and financial services retreated: Allstate Corp -3.47%, Progressive -3.06%, Visa -2.81%, while oil and gas shares retreated as crude scaled back a fraction of Tuesday's rally (WTI -0.74 at 74.10): Halliburton -2.87% and CF Industries Holdings -2.50%
FED: US TSY TO SELL $76.000 BLN 13W BILL JUN 23, SETTLE JUN 26
Jun-18 16:05
- US TSY TO SELL $76.000 BLN 13W BILL JUN 23, SETTLE JUN 26
FED: US TSY TO SELL $70.000 BLN 5Y NOTES JUN 25, SETTLE JUN 30
Jun-18 16:05
- US TSY TO SELL $70.000 BLN 5Y NOTES JUN 25, SETTLE JUN 30
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