CZECHIA: Foreign Minister Lipavsky Hopes For Finalisation Of Nuclear Power Deal
- Foreign Minister Jan Lipavský said that he was convinced that common sense would prevail and the government could finalise the nuclear power deal with South Korea's KHNP despite ongoing legal disputes. Lipavský also said that Czechia is part of the so-called 'coalition of the willing' which considers participation in a peacekeeping mission in Ukraine. He added that the West should maintain pressure on Russia to weaken its war-fighting capabilities.
- Majority state-owned energy utility CEZ reported an expectation-beating EBITDA of CZK43.0bn for Q1. The board approved a dividend proposal of CZK47/share, which is at the top of the range of CEZ's typical payout ratios, subject to AGM approval. An analyst call will be held at 15:00BST/16:00CEST. The utility has been at the centre of a politically charged debate over its potential transformation over the past few years
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SONIA: Call spread vs Put
SFIU5 96.35/96.70cs vs 95.75p, bought the cs for 3.25 in 3k (ref 96.185).
SILVER TECHS: Monitoring Resistance At The 50-Day EMA
- RES 4: $34.903 - High Oct 23 ‘24 and the bull trigger
- RES 3: $34.590 - High Mar 28
- RES 2: $33.117 - 76.4% retracement of the Mar 28 - Apr 7 bear leg
- RES 1: $32.402 - Intraday high
- PRICE: $32.363 @ 08:08 BST Apr 15
- SUP 1: $30.577/28.351 - Low Apr 10 / 7 and the bear trigger
- SUP 2: $27.686 - Low Sep 6 ‘24
- SUP 3: $27.180 - Low Aug 14 ‘24
- SUP 4: $26.451 - Low Aug 8 ‘24 and a key support
Silver is holding on to its latest gains. For now, the recent move higher appears corrective. The metal on Apr 7, traded through support at $28.748, the Dec 19 low. A clear break of this level would signal scope for a continued sell-off, towards $27.686, the Sep 6 ‘24 low. On the upside, resistance to watch is $32.213 the 50-day EMA. It has been pierced, a clear break of it would alter the picture and highlight a stronger reversal.
USDCAD TECHS: Southbound
- RES 4: 1.4452/4543 High Mar 13 / 4 and a bull trigger
- RES 3: 1.4415 High Apr 1
- RES 2: 1.4249 50-day EMA
- RES 1: 1.4028/4151 Low Apr 3 / Low Feb 14
- PRICE: 1.3871 @ 08:03 BST Apr 15
- SUP 1: 1.3829/22 Low Apr 14 / Low Nov 6 ‘24
- SUP 2: 1.3744 76.4% retracement of Sep 25 ‘24 - Feb 3 bull run
- SUP 3: 1.3696 Low Oct 10 2024
- SUP 4: 1.3643 Low Oct 9 ‘24
USDCAD is trading at its recent lows and a bearish theme remains intact. Last week’s move down marked a resumption of the downtrend and has signalled scope for a continuation near-term. Potential is seen for a move towards 1.3744, a Fibonacci retracement. Moving average studies are in a bear -mode position, highlighting a dominant downtrend. First resistance to watch is 1.4028, the Apr 3 low.
