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EUR: EUR/USD Slips Through Horizontal Support on Lecornu Resignation

Oct-06 07:52
  • EUR extends losses on the back of that resignation: EUR/USD now through earlier lows as well as the Oct02 low at 1.1683. French equities also see weakness - with the CAC40 easily the underperformer in Europe.
  • Lecornu's resignation opening up more criticism from other parties: National Rally's Bardella says the government have shown they have understood "nothing" regarding the country's problems.
  • Next major support in EURUSD crosses at 1.1646, the late Sept low. Weakness through here snaps the weak uptrend posted off the August 1st low.

OAT: Multiple Block Trades, French PM Resigns

Oct-06 07:43

Multiple French Block trades,suggest sellers:

  • OAT 5k trades at 121.01 (5 clips of 1k).

French OAT is through that noted Gap of 120.99 as French Lecornu resigns.

Next support will be seen at 120.63.

FRANCE: Lecornu Resigns

Oct-06 07:41

"{FR} "*FRENCH PM LECORNU RESIGNS" Bloomberg