ENERGY: US Oil and Gas Rigs Up 7 on Week at 549: Baker Hughes
Sep-26 17:11
The US total oil and gas rig count was up 7 rigs on the week at 549 rigs, according to Baker Hughes, the highest since June 20.
- This puts total US oil and gas rigs down 38, or 6.5% on the year.
- See breakdown by type and week on week change:
- Oil: 424 (6) -The highest since July 11. This is down 60 rigs, or 12.4% on the year.
- Gas: 117 (-1) – The lowest since July 18. However, it is up 18 rigs, or 18.2% on the year.
- Miscellaneous: 8 (2) - up 4 rigs on the year.
- Canada: 190 (1) - down 28 rigs, or 12.8% on the year.
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US TSYS/SUPPLY: Review 5Y Auction: Another Tail to Tell
Aug-27 17:04
- Tsy futures dip (FVZ5 at 109-12 from 109-12.75 at the cutoff) after the latest $70B 5Y note auction (91282CNX5) tails: 3.724% high yield vs. 3.716% WI; 2.36x bid-to-cover vs. 2.31x prior.
- Peripheral stats: Indirect take-up 60.48% from 58.28% prior, directs rise to 30.74% vs. 29.50% prior, primary dealer take-up retreats to 8.78% vs. 12.29% prior.
- The next 2Y auction is tentatively scheduled for September 24.
FED: US TSY 5Y NOTE AUCTION: HIGH YLD 3.724%; ALLOTMENT 84.43%
Aug-27 17:02
- US TSY 5Y NOTE AUCTION: HIGH YLD 3.724%; ALLOTMENT 84.43%
- US TSY 5Y NOTE AUCTION: DEALERS TAKE 8.78% OF COMPETITIVES
- US TSY 5Y NOTE AUCTION: DIRECTS TAKE 30.74% OF COMPETITIVES
- US TSY 5Y NOTE AUCTION: INDIRECTS TAKE 60.48% OF COMPETITIVES
- US TSY 5Y AUCTION: BID/CVR 2.36
EURUSD TECHS: Pierces Pivot Support At The 50-Day EMA
Aug-27 17:00
- RES 4: 1.1851 High Sep 10 2021
- RES 3: 1.1829 High Jul 01 and the bull trigger
- RES 2: 1.1789 High Jul 24
- RES 1: 1.1743 High Aug 22
- PRICE: 1.1594 @ 15:53 BST Aug 27
- SUP 1: 1.1574/1.1528 Low Aug 27 / Low Aug 5
- SUP 2: 1.1392 Low Aug 1 and bear trigger
- SUP 3: 1.1373 Low Jun 10
- SUP 4: 1.1313 Low May 30
The trend set-up in EURUSD remains bullish and short-term weakness is for now considered corrective. However, the pair is trading lower today and has pierced key support at the 50-day EMA, at 1.1599. A clear break of the average would signal scope for a deeper retracement and potentially expose key M/T support at 1.1392, the Aug 1 low. For bulls, a resumption of gains would open key resistance and the bull trigger at 1.1829, the Jul 1 high.
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