EM CEEMEA CREDIT: Morocco (MOROC): WB USD500mn Loan
Jan-02 08:00
(MOROC; Ba1/BBB-/BB+)
"*WORLD BANK TO LEND MOROCCO $500M FOR JOB CREATION PLAN: MATIN" - BBG
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AUDUSD TECHS: Has Cleared Short-Term Trendline Resistance
Dec-03 08:00
- RES 4: 0.6660 High Sep 18
- RES 3: 0.6640 76.4% retracement of the Sep 17 - Nov 21 bear leg
- RES 2: 0.6618 High Oct 29 and a key near-term resistance
- RES 1: 0.6598 61.8% retracement of the Sep 17 - Nov 21 bear leg
- PRICE: 0.6579 @ 07:59 GMT Dec 3
- SUP 1: 0.6517 20-day EMA
- SUP 2: 0.6466/21 Low Nov 26 / 21
- SUP 3: 0.6415 Low Aug 21 / 22 and a bear trigger
- SUP 4: 0.6404 38.2% retracement of the Apr 9 - Sep 17 bull cycle
AUDUSD continues to appreciate and price action remains above the 20- and 50-day EMAs. This week’s gains have resulted in a breach of a short-term trendline resistance at 0.6544, drawn from the Sep 17 high. The break strengthens a bull theme and highlights a stronger reversal, opening 0.6598 next, a Fibonacci retracement. First support is at 0.6512, the 20-day EMA. A move below this average would signal a possible reversal.
GILTS: Opening Calls
Dec-03 07:58
Gilt Calls, 91.37/91.51. It is netting 38s, so some care.
EQUITIES: EU Cash Opening Calls
Dec-03 07:57
Estox 50: +0.44%, Dax: +0.25%, CAC: +0.03%, FTSE +0.20%, SMI +0.09%.
