RBI NEWS

RBI says receives 87 bids for 46.14 bln Rupees at 2042 bond auction 

US OUTLOOK/OPINION: Jefferies says the data calendar is light next wk, "but will...

US OUTLOOK/OPINION: Jefferies says the data calendar is light next wk, "but will  feature housing, manufacturing, and consumer confidence reports.  There are no  Fed speakers scheduled due to the impending blackout period ahead of the July  30th-31st FOMC meeting.  The NY Fed Open Market Desk will be in with 5 purchases  for as much as $12.5 bln.  Treasury will come with a package $99 bln in 2-, 5-,  and 7-year note supply in addition to the bill calendar." Trading is likely to  be most heavily influenced by technical factors and supply could cause  consession in the belly while Fed buys support bonds. "We like curve  flatteners."

US OUTLOOK/OPINION: We're seeing some notes about the BLS Jun state jobs...

S OUTLOOK/OPINION: We're seeing some notes about the BLS Jun state jobs...

US OUTLOOK/OPINION: We're seeing some notes about the BLS Jun state jobs  breakdown after it was leaked early on Thurs, along the lines that leisure jobs  (+75k in the national number, of which +52k was at restaurants, out of the +195k  Jun gain) had their biggest gains in states in the West where unemployment was  lower than avg. Those states also have big energy operations, "and some have  large trout and steelhead extraction operations as well" a source says. Game  officials are not seeing an upsurge in licensing according to this source, thus  it appears the new jobs are support-jobs for the energy sector; in that sense  they must be considered 'real' rather than an employer ploy to avoid new  insurance rules.

Crude closed

* Brent Crude futures settle at $108.07/bbl, down 63 cents, 0.58 pct

LEAD TIPS

SELL LEAD@121 TARGET 119.30/118

ECB: Current liquidity conditions in the Euro area increased to E315.608bln from...

ECB: Current liquidity conditions in the Euro area increased to E315.608bln from

E306.768bln the night before according to latest ECB figures. Use of ECB deposit  facility fell moderately to E82.864bln from E83.893bln Wednesday, while use of  the ECB's marginal lending facility increased to E17mln from E0mln.

US: Timeline of upcoming key events in the US:...

US: Timeline of upcoming key events in the US:

- Jul 19-20 Tsy Lew attends G20 ministerial in Moscow  - Jul 19 Jun BLS State Unemployment at 1000ET  - Jul 19 Tsy Cpn Purch Aug 15 2020-May 15 2023 $2.75 - $3.50 billion  - Jul 21 Tsy Lew meets Greek PM Samaras and FinMin Stournaras in Athens   - Jul 22 Jun Existing Home Sales at 1000ET  - Jul 22 UST announces 4wk at 1100ET   - Jul 22 Tsy Cpn Purch Feb 15 2036-May 15 2043 $1.25 - $1.75 billion  - Jul 22 UST auctions 3/6mo at 1130ET  - Jul 22 UST allotments at 1500ET  - Jul 23 ICSC Sales 20-Jul at 0745ET  - Jul 23 Redbook 20-Jul at 0855ET  - Jul 23 May FHFA home px Index at 0900ET  - Jul 23 Jul Richmond Fed mfg index at 1000ET  - Jul 23 Jun BLS Mass Layoffs at 1000ET  - Jul 23 Tsy Cpn Purch Apr 30 2019-Jun 30 2020 $3.00 - $3.75 billion

copper levels

support:415/412/409

resistance:419/421/423

natural gas levels

support:227/225/223

resistance:229.60/232/235

crude oil

support:6440/6420/6380

resistance:6480/6520/6550