OIL: US-Iran Nuclear Negotiations Derail Over Scheduling Clash: oilprice.com
US-Iran Nuclear Negotiations Derail Over Scheduling Clash: oilprice.com * A snag has emerged over t...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US: FED Reverse Repo Operation
RRP usage inches up to $147.505B this afternoon from $142.272B Friday, total number of counterparties at 34. Usage had fallen to $54.772B last Wednesday, April 16 -- lowest level since April 2021. Conversely, usage had surged to the highest level since December 31, 2024 on Monday, March 31: $399.167B.
MNI: US APR TREASURY BUDGET $258.4B
- MNI: US APR TREASURY BUDGET $258.4B
EURGBP TECHS: Bearish Extension
- RES 4: 0.8768 High Nov 20 ‘23
- RES 3: 0.8624/0.8738 High Apr 21/ High Apr 11 and the bull trigger
- RES 2: 0.8541/8557 High May 2 / High Apr 28
- RES 1: 0.8470 50-day EMA
- PRICE: 0.8416 @ 16:29 BST May 12
- SUP 1: 0.8415 76.4% retracement of the Mar 28 - Apr 11 rally
- SUP 2: 0.8400 Round number support
- SUP 3: 0.8359 1.236 proj of the Apr 11 - 16 - 21 price swing
- SUP 4: 0.8316 Low Mar 28 and a key support
EURGBP has traded to a fresh, short-term cycle low Monday. This strengthens the current bearish theme. Note too that the cross has cleared a support at 0.8470, the 50-day EMA, signalling scope for a continuation lower. Sights are on 0.8415 next, a Fibonacci retracement. A break of this level would open 0.8400 and below. On the upside, key near-term resistance is seen at 0.8541, the May 2 high. A break of this level is required to signal a potential reversal.
