Wednesday's Auction
via The Daily
As noted in Wed's analysis, focus on response to the developing D shape
distribution and potential directional activity was key in Thu's auction as the
sellside drove price below Key Structural Support, 67s-66.70s, ultimately
failing to drive price meaningfully lower as buying interest emerged at/near
66.09s. True to expectation, the London auction provided the bulk of rotation,
consistent with recent ECB behavior evidenced in the market generated data.
Focus on response to 66.70s-67s, into Fri's auction.
Thursday's Auction
via The Daily
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| Recent ECB Auctions via The Daily |
The bulk of range amplitude and trade rotation on ECB day's occurs during London
session hours, based on the market generated data. Thu 04Dec's auction was consistent with this expectation.