FED: US TSY 30Y BOND AUCTION: HIGH YLD 4.750%; ALLOT 1.20%

Feb-12 18:02

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* US TSY 30Y BOND AUCTION: HIGH YLD 4.750%; ALLOT 1.20% * US TSY 30Y BOND AUCTION: DEALERS TAKE 5.88...

Historical bullets

FED: US TSY 29Y-10M BOND AUCTION: HIGH YLD 4.825%; ALLOT 32.35%

Jan-13 18:02
  • US TSY 29Y-10M BOND AUCTION: HIGH YLD 4.825%; ALLOT 32.35%
  • US TSY 29Y-10M BOND AUCTION: DEALERS TAKE 11.95% OF COMPETITIVES
  • US TSY 29Y-10M BOND AUCTION: DIRECTS TAKE 21.28% OF COMPETITIVES
  • US TSY 29Y-10M BOND AUCTION: INDIRECTS TAKE 66.77% OF COMPETITIVES
  • US TSY 29Y-10M BOND AUCTION: BID/COV 2.42

GLOBAL: Trump Says Canada Wants USMCA, But US Does Not Need It

Jan-13 18:02
  • "*TRUMP ON USMCA: CANADA WANTS IT, WE DON'T NEED IT" - BBG
  • USDCAD doing little on the headline, although alongside the broader dollar bid, USDCAD is hovering just below the 1.39 handle at session highs. Post NFP highs remains a little further out towards 1.3920. A bull cycle in USDCAD remains in place following the recent break through the 50-day EMA, at 1.3849, highlighting a stronger bullish reversal.

EURUSD TECHS: Resistance Remains Intact

Jan-13 18:00
  • RES 4: 1.1919 High Sep 17 and a key M/T resistance  
  • RES 3: 1.1848 High Sep 18
  • RES 2: 1.1808 High Dec 24 and the bull trigger 
  • RES 1: 1.1702/65 20-day EMA / High Jan 2 
  • PRICE: 1.1653 @ 16:01 GMT Jan 13
  • SUP 1: 1.1618 Low Jan 9 
  • SUP 2: 1.1598 61.8% retracement of the Nov 5 - Dec 12 bull leg
  • SUP 3: 1.1549 76.4% retracement of the Nov 5 - Dec 12 bull leg
  • SUP 4: 1.1512 Low Nov 25 

A short-term bearish theme in EURUSD remains intact. Last week’s move down resulted in a breach of support at 1.1659, the Jan 5 low. The sell-off cancels a recent reversal signal and suggests a bearish theme appears likely to dominate near-term. Sights are on 1.1598, a Fibonacci retracement. Initial resistance is at 1.1702, the 20-day EMA. A clear break of the average would highlight another possible reversal signal.