Where are the green shoots?

Economic Data Releases

Country

Time (GMT)

Name

Expectation

Prior

Comment

US

12:30

Durable Goods Orders (MAY)

-0.9%

1.9%

US

14:00

New Home Sales MoM (MAY)

2.3%

0.3%

US

18:15

FOMC Rate Decision (JUN)

0.25%

0.25%

FX

Daily stance

Comment

EURUSD

0/+

The EUR staged a remarkable comeback, now ranging 1.4060 and 1.4100 throughout asia.

EURJPY

0/+

Approaching yesterday's highs posted overnight.  Buy stops above around 135.30

USDJPY

0/-

Still under pressure, although 95.00 support seems to be rather decent. Topside capped around 95.55.

GBPUSD

+

 Looking to buy break 1.6480 looking for upside momentum towards 1.6560. Stop at 1.6435 Offered.

AUDUSD

0/+

Ranging around 0.7950 area, supported around 0.7910 area and more bids at 0.7820.

FX-Options

Comment

EURUSD:

Vol curve paid heavily, with 1y up from 14,05% to 14,5%. Frontend, mkt still waiting for FOMC. Longer term, mkt looking for EUR calls. Strong signal that EURUSD is going higher and a test recent high at 1.43ish is likely within few weeks. 1.50 is the target in 3-6 months.

FOMC. Longer term, mkt looking for EUR calls. Strong signal that EURUSD is going higher and a test recent high at 1.43ish is likely within few weeks.

and a test recent high at 1.43ish is likely within few weeks. 1.50 is the target in 3-6 months.

Equities

Daily stance

Comment

DAX

0/-

Sell towards 4752 targeting 4669. S/L above 4780.

FTSE

0/-

Sell towards 4266 targeting 4200. S/L above 4300.

S&P500

0/-

Sell towards 900 targeting 888. S/L above 906.

Nasdaq100

0/-

Sell towards 1429 targeting 1410. S/L above 1436.

Nikkei

0/-

Commodities

Daily Stance

Comment

Gold

0/+

Buy at the break of 927.50 and target 934. Stop below 923

Silver

0/+

Buy at the break of 14.03 and target 14.20. Stop below 13.95.

Oil

0/-

Sell around 68.50 and target 66.66. Stop above 69.50.