HUNGARY: Nagy Says Gov. Programmes to Support Higher National Investment Rate
May-15 07:03
- Government programmes will bring Hungary's investment rate back to 25%, National Economy Minister Marton Nagy said at an annual meeting of the Joint Venture Association yesterday, MTI report. Nagy highlighted the impact of projects to scale up local SMEs and asked the association's members for their support in the endeavour to boost the investment rate.
- The national Debt Management Agency is offering a total of HUF 60bln ($167m) at its weekly auction at 09:00BST/10:00CET.
- No major data releases are scheduled for today, or for the remainder of the week.
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AUDUSD TECHS: Maintains A Bullish Tone
Apr-15 06:59
- RES 4: 0.6428 50.0% retracement of the Sep 30 ‘24 - Apr 9 bear leg
- RES 3: 0.6409 High Dec 9 and a key resistance
- RES 2: 0.6389 High Apr 3 and a reversal trigger
- RES 1: 0.6374 3.0% 10-dma envelope
- PRICE: 0.6359 @ 07:59 BST Apr 15
- SUP 1: 0.6232 20-day EMA
- SUP 2: 0.6116/0.5915 Low 10 / Low Apr 9 and the bear trigger
- SUP 3: 0.5830 2.000 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5729 2.236 proj of the Sep 30 - Nov 6 - 7 price swing
AUDUSD maintains a short-term bullish tone following a strong reversal last week. The pair has breached the 50-day EMA, at 0.6267. The break of this average strengthens the reversal and signals scope for a continuation higher, towards 0.6389, the Apr 3 high and the next important resistance. For bears, a resumption of weakness would refocus attention on 0.5915, the Apr 9 low and bear trigger. First support lies at 0.6232, the 20-day EMA.
GILTS: Opening calls
Apr-15 06:58
Gilt calls, 91.60/91.86, small upside risk on the mid, given the bid in Sonias.
EQUITIES: EU Cash Opening calls
Apr-15 06:55
Moves in Estoxx Futures are tiny in early trade, similar to Yesterday.
VGM5 is back to circa flat, small downside risks on these calls.
- Calls: Estox 50: +0.07%, Dax: +0.67%, CAC: -0.43%, FTSE +0.26%, SMI +0.10%.
