Tesla back in to the triangle
After November triangle breakout and an 8 months consolidation. Tesla (TSLA US) is back in to the triangle.
Pernod Ricard is approaching major support level 196.80
Pernod Ricard (RI FP) is approaching major support level 196.80. That level was broke in February/March. Keep an eye on it ! Source : Bloomberg
Idexx Laboratories testing support 446.75
Idexx Laboratories (IDXX US) is retesting support 446.75. That level was a resistance until January breakout. Keep an eye on it. Source : Bloomberg
Bank of Canada raises key rate by 25 bps to 4.75% vs. 4.5% est.
The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot.
Source: Bloomberg
China traders are leveraging up the most on record fluch cash
A gauge of leveraged activity in China’s
money market has notched another record as onshore financial
institutions take advantage of ample liquidity to boost
borrowing.
Turnover of so-called overnight pledged repo trades surged
to an all-time high 7.9 trillion yuan ($1.1 billion) on Tuesday.
An increase in volume may be indicative of banks using cheap
funding costs to buy bonds, even if the transactions also
include the day-to-day financing needs of firms in the market.
Source: Bloomberg
SEC Seeks Emergency Order to Freeze Binance US Assets
The Securities and Exchange Commission has asked a judge to freeze assets held by Binance.US, according to an emergency motion filed by the agency on Tuesday. The freeze would impact two holding companies associated with Binance.US’s operations: BAM Management US Holdings and BAM Trading Services. Binance has claimed the SEC's lawsuit is "misguided" and "unreasonable," and the agency's regulatory posture is undermining America's role as a global financial hub. Source Decrypt
Bitcoin geting close to March breakout level
Bitcoin is approaching 24’800-25’000 area. This was last march breakout level. To be watched as a testing level ! Source : Bloomberg
Is it time to increase duration in EUR bonds?
The latest European Commission survey on Eurozone selling price expectations shows a significant decline, suggesting that inflation should continue to decrease in the coming months, alleviating pressure on the ECB to tighten its monetary policy. After a possible one or two final tightening moves by the ECB in June and/or July, is it worth considering a higher allocation to European rates, particularly core bonds? Source : Bloomberg.
