OIL: Ukraine Hits Shadow Fleet Tanker in Med for First Time

Dec-19 12:42

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Ukraine hit an oil tanker from Russia's shadow fleet in the Mediterranean for the first time, a fres...

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OPTIONS: Larger FX Option Pipeline

Nov-19 12:41
  • EUR/USD: Nov20 $1.1500(E2.0bln), $1.1630(E1.2bln), $1.1675-80(E1.5bln); Nov21 $1.1500(E1.4bln), $1.1675-80(E1.2bln)
  • USD/JPY: Nov20 Y150.00($1.3bln), Y155.00($1.4bln)
  • AUD/USD: Nov20 $0.6550(A$2.3bln)
  • USD/CAD: Nov21 C$1.3950-70($1.3bln)
  • USD/CNY: Nov20 Cny7.1080-89($2.0bln)

PIPELINE: Corporate Bond Roundup

Nov-19 12:34
  • Date $MM Issuer (Priced *, Launch #)
  • 11/19 $Benchmark SMBC Aviation 10Y +145a
  • 11/19 $Benchmark Bangkok Bank 5Y +115a, 10Y +130a
  • 11/19 $Benchmark First Abu Dhabi Bank (FAB) investor calls
  • $16.6B Priced Tuesday, $42.25B total/wk

OUTLOOK: Price Signal Summary - Support In Gilts Remains Intact For Now

Nov-19 12:23
  • In the FI space, a bear cycle in Bund futures remains intact and the contract is trading just ahead of its recent lows. Support at 128.52, the 76.4% retracement of the Sep 25 - Oct 17 bull leg, has been pierced. A clear break of this handle would signal scope for an extension towards 128.25, the Oct 7 low. Key short-term resistance is seen at 129.40, the Nov 13 high. Clearance of this hurdle would signal a reversal. First resistance is 129.09, the 50-day EMA.
  • The recent sharp pullback in Gilt futures still appears corrective and the next key support to watch lies at 91.82, the Sep 11 high and a former key breakout level. Moving average studies remain in a bull-mode position, highlighting a dominant uptrend. First resistance to watch is 92.85, the Nov 14 high. For bears, a break of 91.82, the Sep 11 high, would strengthen a bear theme and open 91.67, a 50.0% retracement of the Sep 3 - Nov 4 bull leg.