(DNBNO; Aa2/AA-/NR) Credit neutral. Slightly better non-interest income, driven by neg gains on fin...
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EU Cash Opening calls: Estox 50: +0.08%, Dax: -0.20%, CAC: +0.07%, FTSE +0.11%, SMI +0.09%.
The AUDUSD uptrend remains intact and the current pullback is considered corrective - for now. The recent rally plus the breach of 0.6625, the Jul 24 high and bull trigger, confirms a resumption of the uptrend. The climb opens the 0.6726 next, a Fibonacci projection. MA studies are in a bull-mode position highlighting a dominant uptrend. Key support to watch is 0.6415, the Aug 21 / 22 low. Initial firm support to watch is 0.6547, the 50-day EMA.
An overall positive past Week for the Dollar following an improvement in US Jobless Claims which provided some of the most notable moves in Bonds and in turn Yields last Week.
The Kiwi is again the worst early performer a function of the Dollar but also following the poor Growth Data out of New Zealand last Week.
While the next support in NZDUSF is seen at 0.5833, all Market Participants will be eyeing 0.5800 next.
For Today's session, the Dollar is mostly flat against all G10s, the NOK is up a tiny 0.15% and the CAD is down 0.07%.
Some early focus on Gold, as the precious metal spikes over $20 in the past 50 minutes or so, now clear above $3700 with the next resistance at $3744.2 - 1.500 proj of the May 15 - Jun 16 - 30 price swing.