COMMODITIES: WTI Sticks Closely to 200-dma
A bull cycle in Gold that started Jun 30, remains intact and the yellow metal is holding on to the bulk of its recent gains. Note that medium-term trend conditions are bullish - moving average studies are in a bull-mode position highlighting a dominant uptrend. A bearish tone in WTI futures remains intact. The sharp reversal from the Jun 23 high continues to highlight scope for an extension lower and this suggests that recent gains have been corrective.
- WTI Crude up $0.06 or +0.09% at $66.46
- Natural Gas up $0.02 or +0.65% at $3.578
- Gold spot down $15.48 or -0.46% at $3331.57
- Copper down $1.3 or -0.24% at $551.15
- Silver down $0.08 or -0.2% at $37.8237
- Platinum down $10.47 or -0.74% at $1412.01
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MNI EXCLUSIVE: Sources Give View On New Dutch Central Bank Head
Eurosystem sources give their view on the incoming Dutch central bank chief -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.
FOREX: FX OPTION EXPIRY
Of note:
EURUSD 1.8bn at 1.1600/1.1625.
EURUSD 2.24bn at 1.1500 (wed).
USDCAD 1.38bn at 1.3600 (wed).
EURUSD 1.88bn at 1.1600 (thu).
AUDUSD 1.1bn at 0.6600 (thu).
- EURUSD: 1.1500 (233mln), 1.1525 (233mln), 1.1600 (446mln), 1.1625 (1.36bn).
- USDCAD: 1.3620 (350mln).
EU-BOND SYNDICATION: 3.375% Oct-39 EU-bond: E5bln WNG: Final terms
- Spread set at MS+73bps (guidance was MS + 75bps area)
- Tap Size set earlier: E5bln (WNG) (the bottom of the E5-9bln range MNI expected)
- Books in excess of E75bln (inc E5.9bln JLM interest)
- ISIN: EU000A3LZ0X9 (immediately fungible)
- JLMs: BofA (DM/B&D) / GSBE SE / NatWest / SG / UBS
- Timing: Books to close at 9:30BST / 10:30CET
