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Jan-15 18:01
White House Press Secretary Karoline Leavitt is shortly due to brief reporters at the White House. L...
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EURUSD TECHS: Bull Cycle Extension
Dec-16 18:00
- RES 4: 1.1919 - High Sep 17 and a key M/T resistance
- RES 3: 1.1848 High Sep 18
- RES 2: 1.1813 76.4% retracement of the Sep 17 - Nov 5 bear leg
- RES 1: 1.1804 High Dec 16
- PRICE: 1.1769 @ 16:18 GMT Dec 16
- SUP 1: 1.1649 20-day EMA
- SUP 2: 1.1591 Low Dec 2
- SUP 3: 1.1556 Low Nov 26
- SUP 4: 1.1491 Low Nov 21
A bull cycle in EURUSD remains intact and Monday’s gains reinforce this theme. The recent breach of key short-term resistance at 1.1656, the Nov 13 high and a bull trigger, highlighted a stronger reversal. Sights are on 1.1813 next, a Fibonacci retracement. Initial support to watch is 1.1649, the 20-day EMA and a pivot level. A clear breach of the EMA would be bearish and signal a possible reversal.
LOOK AHEAD: Wednesday Data Calendar: Regional Fed Data, Fed Speak, 20Y Re-Open
Dec-16 17:54
- US Data/Speaker Calendar (prior, estimate). All times ET
- 12/17 0700 MBA Mortgage Applications (4.8%, --)
- 12/17 0815 Fed Gov Waller economic outlook (no text, Q&A)
- 12/17 0830 Chicago Fed CARTS Retail Indicator
- 12/17 0900 Manheim Used Vehicle Prices
- 12/17 0905 NY Fed Williams opening remarks FX conf, livestreamed
- 12/17 1130 US Tsy $69B 17W bill auction
- 12/17 1230 Atlanta Fed Bostic moderated discussion (no text)
- 12/17 1300 US Tsy $13B 20Y Bond re-open (912810UQ9)
- Source: Bloomberg Finance L.P. / MNI
OPTIONS: Limited Trade Includes Sonia Upside Buying Between Key UK Data Points
Dec-16 17:52
Tuesday's Europe rates/bond options flow included:
- RXG6 126.50/124.50ps, bought for 27.5 in 6k
- ERM6 97.87/97.81ps vs 98.00/98.06cs, bought the ps for flat in 7.5k
- SFIZ6 96.90/97.00cs vs 96.30/96.20ps, bought the cs for half in 3k
