Wednesday's Auction
As noted in Wed's analysis, focus on
response to Stopping Point High, 79.35s, was key in Thu's auction as selling
interest emerged below there driving price lower, achieving the Stopping Point
Low, 77.11s, at/near Wed's Buy Spike Support. As noted in the ECB Economic
release study, the London auction offered better rotational potential than the
NY auction consistent with recent market behavior on ECB days. Focus into Fri's
auction on response to Thu's Demand
Cluster and Buying Tail area, 77.10s-77.40s.
Thursday's Auction
