CZECHIA: Pavel Backs Further Military Aid and Future NATO/EU Membership For Ukraine
Feb-03 10:21
President-elect Petr Pavel confirmed his hawkish views on China and Russia in the latest interview with Blooomberg, signalling a departure from the policies of outgoing President Milos Zeman.
- The former NATO general said that Ukrainian forces are capable of defeating Russia and the only limit on military aid from the West should be the threat of nuclear escalation or direct NATO involvement.
- At the same time, he noted that Russia is not the only country with nuclear weapons. The President-elect warned that "we have nuclear capability as well. We don't want to use it at all, but we are ready if necessary."
- Pavel reiterated his view that Ukraine should be admitted to NATO and the EU once the war is over.
- He said that EU-China relations should be based on mutual respect and it is "not in our interest to be pushed by China."
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EURIBOR OPTIONS: Call spread buyer
Jan-04 10:21
ERH3 96.87/97.12cs 1x2, bought for 8 in 5k
USDCAD TECHS: Outlook Is Bullish
Jan-04 10:15
- RES 4: 1.3855 High Oct 21 - Nov 16 bear leg
- RES 3: 1.3808 High Nov 3 and a key resistance
- RES 2: 1.3751 High Nov 4
- RES 1: 1.3680/3705 High Jan 3 / Dec 16 and the bull trigger
- PRICE: 1.3556 @ 09:55 GMT Jan 4
- SUP 1: 1.3484 Low Dec 27
- SUP 2: 1.3385 Low Dec 5 and a key near-term support
- SUP 3: 1.3317/3226 Low Nov 24/25 / Low Nov 15 and bear trigger
- SUP 4: 1.3205 61.8% retracement of the Aug 11 - Oct 13 rally
USDCAD remains below its recent highs. Despite the pullback from the mid-December highs, short-term conditions remain bullish. Last month's break of trendline resistance, drawn from the Oct 13 high, strengthened the bullish case and this has opened 1.3751, the Nov 4 high. On the downside, the next key support to watch lies at 1.3385, the Dec 5 low. A break would be bearish and potentially expose 1.3226, the Nov 15 low and a bear trigger.
EURIBOR: EURIBOR FIX - 04/01/22
Jan-04 10:08
- EUR001W 1.8820 0.0440
- EUR001M 1.8880 0.0340
- EUR003M 2.1700 -0.0020
- EUR006M 2.7610 0.0220
- EUR012M 3.3120 -0.0090
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