US: White House Press Conference Underway Shortly

Aug-05 18:03

White House Press Secretary Karine Jean-Pierre is shortly due to deliver her daily press conference from the White House.

Historical bullets

EURGBP TECHS: Remains Above The 50-Day EMA

Jul-06 18:00
  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8627/79 High Jul 4 / High Jul 1
  • PRICE: 0.8551 @ 16:16 BST Jul 6
  • SUP 1: 0.8541 Low Jul 6
  • SUP 2: 0.8536 50-day EMA
  • SUP 3: 0.8486 Low Jun 9
  • SUP 4: 0.8433 Low May 23

EURGBP continues to trade in a choppy manner. Trend conditions though are bullish and price remains above important support levels. Note too that moving average studies are in a bull mode condition, highlighting an uptrend. Sights are on 0.8721, the Jun 15 high and bull trigger. A break of 0.8721 would resume the bull trend. Firm support is at the 50-day EMA - it intersects at 0.8536.

CHILE: USDCLP Falls As Chile Studies Measures On Exchange Rate

Jul-06 17:46
  • USDCLP falls -1.2% to 966.30 on headlines that Chile FM Marcel is studying measures on the exchange rate, concerned about USDCLP effects on local prices.
  • “There will be more clarity on the measures next week”
  • The pair still remains +1.6% higher on the day though after a sizeable climb, at one point +4.1% at 993.91 with copper prices sliding.

US EURODLR OPTIONS: Call Over Risk Reversal

Jul-06 17:31
  • +5,000 Mar 96.00/97.00 call over risk reversals, 0.0 vs. 96.50/0.69%