HALISTER1: BTP Futures Trend Still Bearish Despite Paring Half of 2017 Loss

BTP Futures Trend Still Bearish Despite Paring Half of 2017 Loss

(Bloomberg) -- BTP generic contract testing near 133.10, the 50% retracement of selloff from Jan. 2, with month-end flow driven rally entering an area where medium-term bears could step-in, Bloomberg technical analyst Sejul Gokal writes.
  • See live chart; IKH7 +74 ticks to 133.05 vs. 133.09 high
  • Area between 133.10-133.91 could bring about fresh selling pressure consistent with broader trend lower as defined by falling 21-week MA (133.66) and trading below weekly cloud
    • 55-DMA at 133.17, Sept. downtrend at 133.67 and 61.8% Fibonacci and 100-DMA at 133.86-91
  • MACD and RSI have nudged higher following oversold conditions noted during late January/early February
  • For medium-term outlook to be challenged, a breach of 136.65 is required (Jan. 2 high)
  • Month-end extension demand can support BTPs heading into the cash close at 5:15pm CET
    • Bloomberg Barclays Pan-Euro Aggregate is forecast to extend by 0.07yrs
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Consumer Confidence Due in 5 Minutes

U.S. ECO PREVIEW: Consumer Confidence Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Consumer Conf. 111; range 108 to 114.5 (68 estimates)
    • "Both consumer confidence and sentiment have risen sharply over the past year. While a significant portion of the move occurred after the election, it is worth noting that confidence had already been on an uptrend. Recently, there is some indication that attitudes may be topping out, so analysts will look to February consumer confidence for clues": Bloomberg Intelligence
    • Index reached 15-year high of 113.3 in December, declined in January to 111.8
  • Rich. Fed 10; range 8 to 15 (7 estimates)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Chicago Purchasing Managers Due in 5 Minutes

U.S. ECO PREVIEW: Chicago Purchasing Managers Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Chicago PM 53.5; range 51 to 57.1 (35 estimates)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Canadian Structured Finance 2016 Year in Review - Excellent Credit-Quality Assets Whetting Investors’ Appetites

Canadian Structured Finance 2016 Year in Review - Excellent Credit-Quality Assets Whetting Investors’ Appetites

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Clara Vargas (DBRS Ltd)
Erin Stafford (Dbrs, Inc.)
Fanfei Gong (DBRS Ltd)
Geetika Gupta (DBRS Ltd)
Jamie Feehely (DBRS Ltd)

Topics
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Fixed Income Research
Investment Research
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UUID: 7947283