TURKEY: Poland Dep. ForMin Highlights Importance of Turkey for European Security
May-01 07:02
- Local markets are shut over Labor and Solidarity Day.
- Turkey will contribute significantly to the formation of the new European security structure, a senior Polish official stressed, noting that defense cooperation and security matters will be discussed in Warsaw during an informal EU meeting with the participation of Turkish Foreign Minister Hakan Fidan, Hurriyet report. Poland’s Deputy Foreign Minister also praised ongoing bilateral military cooperation with Turkey, stressing that joint military drills and training cover an important part of this partnership between the two allies.
- No changes were made to withholding tax rates on deposits, Ekonomi report citing a decision published in the Official Gazette. The last change was made in February, when the withholding tax on deposits was increased to 15 percent for maturities up to 6 months, 12 percent for maturities up to 1 year, and 10 percent for maturities longer than 1 year.
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AUDUSD TECHS: Pullback Still Appears Corrective
Apr-01 07:00
- RES 4: 0.6429 High Dec 12 ‘24
- RES 3: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg
- RES 2: 0.6409 High Feb 21 and a bull trigger
- RES 1: 0.6331/91 High Mar 26 / High Mar 17 and 18
- PRICE: 0.6256 @ 07:59 BST Apr 1
- SUP 1: 0.6219 Low Mar 31
- SUP 2: 0.6187 Low Feb 4
- SUP 3: 0.6171/6088 Low Feb 4 / 3 and a key support
- SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
AUDUSD traded sharply lower Monday, defying the short-term bull theme. However, for now intraday weakness is deemed corrective, with prices still clear of Feb 4 support at 0.6187. A clear break of this level is required to reinstate a bear threat. On the upside, a stronger recovery would refocus attention on 0.6409, the Feb 21 high. Clearance of this hurdle would strengthen the bull cycle and resume the uptrend that started Feb 3.
GILTS: Opening calls
Apr-01 06:57
Gilt calls, 91.87/91.98.
EQUITIES: EU Cash opening calls
Apr-01 06:56
Estox 50: +0.70%, Dax: +0.65%, CAC: +0.42%, FTSE +0.65%.
