US NATGAS: US Natgas Storage Likely Rose by 34 Bcf: Reuters Survey

Nov-13 18:20
  • US natural gas inventories likely increased by 34 Bcf in the week to Nov 7, according to a survey of 12 analysts, slightly below the five-year average for the time of year.
  • This would take total storage levels to 3,949 Bcf.
  • Survey estimates ranged from injections of 30-40 Bcf.
  • The five-year average change for this period is a net injection of 35 Bcf.
  • Under these figures, the storage surplus over the five-year average would become 161 Bcf.
  • The EIA will report the official figures at 10:30 ET Nov 14.

Historical bullets

EURGBP TECHS: Monitoring Support Around The 50-Day EMA

Oct-14 18:00
  • RES 4: 0.8835 High May 3 2023  
  • RES 3: 0.8800 Round number resistance 
  • RES 2: 0.8769 High Jul 28 and the bull trigger 
  • RES 1: 0.8725/8751 High Oct 10 / High Sep 25  
  • PRICE: 0.8718 @ 17:09 BST Oct 14
  • SUP 1: 0.8675/8656 50-day EMA / Low Aug 10
  • SUP 2: 0.8633 Low Sep 15 
  • SUP 3: 0.8597 Low Aug 14 and key support 
  • SUP 4: 0.8562 50.0% retracement May 29 - Jul 28 upleg

The latest bear leg in EURGBP appears corrective and trend signals remain bullish. Note that the cross has pierced support around the 50-day EMA, at 0.8675. A continuation lower and a clear breach of this EMA would signal scope for a deeper retracement towards 0.8633, the Sep 15 low. Key trend support lies at 0.8597, the Aug 14 low. On the upside, key resistance and the bull trigger is unchanged at 0.8769, the Jul 28 high. 

SOFR OPTIONS: BLOCK: Dec'25

Oct-14 17:59
  • 25,000 0QZ5 98.00 call spds, 1.25 net ref 97.035 at 1349:45ET, total volume on day at 105,000.

PIPELINE: Corporate Bond Update: $10B Goldman Sachs 5Pt Launched

Oct-14 17:52
  • Date $MM Issuer (Priced *, Launch #)
  • 10/14 $10B #Goldman Sachs $2.5B 4NC3 +67, $500M 4NC3 SOFR+92, $3B 6NC2 +77, $500M 6NC5 SOFR+108, $3.5B 11NC10 +92
  • 10/14 $600M *KEB Hana Bank $300M 3Y SOFR+60, $300M 5Y +43
  • 10/14 $3.2B Terawulf 5NC2 investor calls