EM CEEMEA CREDIT: POLAND: PMI 8am BST - returned to expan territory in Feb
May-02 06:59
Rep of Poland (POLAND; A2/A-/A-) * Poland's April S&P Global Manufacturing PMI will be published at...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GILTS: Opening calls
Apr-02 06:57
Gilt calls, 91.90/92.14 range.
EQUITIES: EU Cash Opening calls
Apr-02 06:56
Estox 50: -0.08%, Dax: -0.03%, CAC: -0.25%, FTSE -0.23%, SMI -0.14%.
AUDUSD TECHS: Support Remains Intact
Apr-02 06:50
- 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: 0.6294 @ 07:50 BST Apr 2
- 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 has recovered from Monday’s 0.6219 low. This affirms the view that recent weakness is likely corrective, with prices still clear of Feb 4 support at 0.6187. A move through 0.6187 is required to reinstate a bear threat. On the upside, a stronger recovery would refocus attention on 0.6409, the Feb 21 high and a key resistance. Clearance of this hurdle would strengthen the bull cycle and resume the uptrend that started Feb 3.
