US 10YR FUTURE TECHS: (U5) Breaches Resistance
Jul-23 10:15
- 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: 111-28 High Jul 3
- RES 1: 111-14+ High Jul 22
- PRICE: 111-05 @ 11:04 BST Jul 23
- SUP 1: 110-30/08+ 50-day EMA / 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 traded higher again Tuesday, extending the firm start to the week. The move higher has resulted in a break of the 20-day EMA, strengthening the recovery, and resistance at 111-13+, the Jul 10 high, has been pierced. A clear break of this hurdle would highlight a stronger reversal. This would open 111-28, the Jul 3 high. Key support is 110-08+, the 14 and 16 low. A move through this support would reinstate a bearish theme.
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AUD: FX Exchange traded Option
Jun-23 10:13
FX Exchange traded Option, short term play, looking for AUD Weakness, suggest new position:
- AUDUSD (3rd July) 62.75p, bought for 0.15 in 1k.
BELGIUM AUCTION RESULTS: 5/10/15-Year OLOs
Jun-23 10:11
| 0.10% Jun-30 OLO | 3.10% Jun-35 OLO | 0.40% Jun-40 OLO | |
| ISIN | BE0000349580 | BE0000363722 | BE0000350596 |
| Amount | E902mln | E1.075bln | E1.325bln |
| Previous | E1.225bln | E1.128bln | E178mln |
| Avg yield | 2.444% | 3.085% | 3.515% |
| Previous | 3.034% | 3.076% | 3.312% |
| Bid-to-cover | 2.13x | 2.00x | 2.08x |
| Previous | 1.73x | 1.94x | 2.98x |
| Avg Price | 89.109 | 100.128 | 64.179 |
| Low Price | 89.09 | 100.10 | 64.13 |
| Pre-auction mid | 88.973 | 99.868 | 63.846 |
| Prev avg price | 82.142 | 100.207 | 64.951 |
| Prev low price | 82.11 | 100.19 | 64.95 |
| Prev mid-price | 81.999 | 99.946 | 64.919 |
| Previous date | 21-Aug-23 | 28-Apr-25 | 08-Nov-24 |
OUTLOOK: Price Signal Summary - Bear Cycle In EUROSTOXX50 Futures Still In Play
Jun-23 10:09
- In the equity space, the trend condition in S&P E-Minis is unchanged, it remains bullish. For now, the most recent shallow pullback is considered corrective. The contract has pierced support at 6007.80, the 20-day EMA. A clear breach of this average would suggest potential for a deeper retracement and expose the 50-day EMA, at 5906.79. Key short-term resistance and the bull trigger has been defined at 6128.75, the Jun 11 high.
- A short-term bear cycle in EUROSTOXX 50 futures remains intact and the contract has traded to a fresh cycle low today. Recent weakness has resulted in a breach of the 50-day EMA. Price has also traded through 5279.00, May 23 low. The clear break of both support points signals a S/T top and scope for a deeper retracement. Sights are on 5182.00, the May 2 low. Initial resistance is 5343.47, the 20-day EMA.
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