Halister News

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• JOLTs Job Openings 6000; range 5938 to 6050 (8 estimates)
• In June, job openings set a record of 6.163 million while the number of workers who voluntarily left their jobs declined
• "Consumer surveys show record satisfaction with employment and personal finances, helping explain the lack of people trying to find a better job as they are satisfied with the work they currently have": Bloomberg Intelligence

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

(Bloomberg) -- Following the expected 75bp rate cut in October, rather than tapering again the Copom could go for another 50bp to 75bp rate cut at the December meeting driving the Selic below 7%, says Goldman Sachs chief-economist Alberto Ramos in a report.

• If inflation continues to surprise on the downside and the recovery remains tentative and lackluster we do not rule out a more abrupt/decisive end of the cycle, says Ramos
• Compared with the policy statement, the minutes leave the door open for a more abrupt and frontloaded ending of the easing cycle
  • The cycle may not end with the smoothest possible 25bp cut but with something more sudden
• NOTE: Brazil Central Bank Signals Gradual Phasing Out of Easing Cycle

To contact the reporter on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the editors responsible for this story: Daniela Milanese at dmilanese@bloomberg.net Maria Luiza Rabello

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.

• Daily trend bias: Neutral to bearish
• Comment: Extends lower with Monday’s risk-on induced gap left unfilled; this is reflective of bearish sentiment; risk for rising ichimoku ’slow’ line (baseline) to get broken at 126-29, which would activate a trend reversal setup; this would also be consistent with bearish developments in MACD and a sub 50 RSI read
  • Resistance: 127-00+/01+; 127-10
  • Support: 126-19; 126-16; 126-08+/126-05
• NOTE: Contract rolls with active futures on GFUT (no adjustments)
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net

Economic Release Details: {INFUTOTY Index ECOD}