ASIA: Government Bond Issuance Today
* Vietnam to Sell VND500 Bn 3.4% 2029 Bonds * Vietnam to Sell VND1 Trillion 4.1% 2041 Bonds * Vietna...
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ASIA: Coming Up In Asia Pac Markets On Monday
| 0130BST | 0830HKT | 1030AEST | South Korea Apr S&P Global PMI Mfg |
| 0200BST | 0900HKT | 1100AEST | Australia Apr Melbourne Institute Inflation |
| 0230BST | 0930HKT | 1130AEST | Australia Apr ANZ Job Ads |
| 0230BST | 0930HKT | 1130AEST | RBNZ MPC Member Prasanna Gai Speaks |
| 0230BST | 0930HKT | 1130AEST | Australia Mar Building Approvals |
Source: Bloomberg Finance L.P./MNI
GLOBAL POLITICAL RISK: Trump Says To Help Some Ships Exit Hormuz Starting Monday
An early story this morning that Trump says the US will begin guiding some trapped ships that aren't involved n the conflict through the Straits has seen Currencies open a little higher on the Asian open.
- {AUDUSD Curncy} - 0.7215 - +0.17%
- {EURUSD Curncy} - 1.1748 - +0.23%
- {USDJPY Curncy} - 1.5678 - +0.15%
USDCAD TECHS: Bear Cycle Extension
- RES 4: 1.4015 High Dec 2 ‘25
- RES 3: 1.3985 76.4% retracement of the Nov 5 ‘25 - Jan 30 bear leg
- RES 2: 1.3878/3967 High Apr 13 / High Mar 31 and the bull trigger
- RES 1: 1.3733 50-day EMA
- PRICE: 1.3577 @ 16:57 BST May 1
- SUP 1: 1.3555 Low Mar 11
- SUP 2: 1.3525 1.0% 10-dma envelope
- SUP 3: 1.3482 Low Jan 30 and key support
- SUP 4: 1.3420 Low Sep 25
The short-term bear cycle in USDCAD remains in play and Thursday’s sell-off reinforces current bearish conditions. The move down signals scope for an extension towards 1.3526 next, the Mar 9 low and the next key support. Clearance of this level would open 1.3482, the Jan 30 low. Initial resistance is seen at 1.3739, the 50-day EMA. A clear break of this average is required to signal a possible short-term reversal.
