FOREX: USDJPY Surges Back Above 158.00, Breaches Key Resistance
* While currency markets had some initial volatile swings in the aftermath of the US employment da...
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SOFR: Heavy Buying Sep'26 SOFR Futures
- Heavy short end buying with the FOMC policy annc coming up in an hour.
- +50,000 SFRU6 96.76 to 96.77 (+0.035 to +0.045) appr DV01 $1.25M
- This after some +75,000 bought from 96.75 to 96.77 a few minutes earlier.
- As a result, projected rate cut pricing gaining momentum vs. morning levels (*): Dec'25 at -23.5bp (-23.5bp), Jan'26 at -29.4bp (-29.1bp), Mar'26 at -36.9bp (-35.5bp), Apr'26 at -41.9bp (-39.6bp).
EURUSD TECHS: Bull Cycle Still In Play
- RES 4: 1.1779 High Oct 1
- RES 3: 1.1747 50.0% retracement of the Sep 17 - Nov 5 bear leg
- RES 2: 1.1728 High Oct 17
- RES 1: 1.1694 50.0% retracement of the Sep 17 - Nov 5 bear leg
- PRICE: 1.1647 @ 16:20 GMT Dec 10
- SUP 1: 1.1607 20-day EMA
- SUP 2: 1.1547 Low Nov 26
- SUP 3: 1.1491/1469 Low Nov 21
- SUP 4: 1.1469 Low Nov 5 and the bear trigger
EURUSD is in consolidation mode but continues to trade closer to its recent highs and a bull cycle remains intact. The recent breach of key short-term resistance at 1.1656, the Nov 13 high and a bull trigger, highlights a potential reversal and opens 1.1694 next, a Fibonacci retracement. A breach of this retracement point would strengthen the developing bull theme. Initial support to watch is 1.1607, the 20-day EMA. A breach of the EMA would be bearish.
EURUSD TECHS: Bull Cycle Still In Play
- RES 4: 1.1779 High Oct 1
- RES 3: 1.1747 50.0% retracement of the Sep 17 - Nov 5 bear leg
- RES 2: 1.1728 High Oct 17
- RES 1: 1.1694 50.0% retracement of the Sep 17 - Nov 5 bear leg
- PRICE: 1.1647 @ 16:20 GMT Dec 10
- SUP 1: 1.1607 20-day EMA
- SUP 2: 1.1547 Low Nov 26
- SUP 3: 1.1491/1469 Low Nov 21
- SUP 4: 1.1469 Low Nov 5 and the bear trigger
EURUSD is in consolidation mode but continues to trade closer to its recent highs and a bull cycle remains intact. The recent breach of key short-term resistance at 1.1656, the Nov 13 high and a bull trigger, highlights a potential reversal and opens 1.1694 next, a Fibonacci retracement. A breach of this retracement point would strengthen the developing bull theme. Initial support to watch is 1.1607, the 20-day EMA. A breach of the EMA would be bearish.
