POLAND: Poland To Lobby For More Ukraine Aid, Wage & Employment Data On Tap
Jan-20 08:26
- Poland will use today's meeting of the Ukraine Defence Contact Group to renew its push for increased international military aid for Kyiv. Defence Minister Mariusz Blaszczak told reporters that he will renew his call for Germany to greenlight the transfer of Leopard 2 battle tanks by a coalition of nations. Poland had earlier suggested that it might transfer the German-produced tanks even without Berlin's consent, even if it would expose it to a potential lawsuit.
- The prospect of Polish opposition parties contesting the next parliamentary election as a single bloc is becoming more distant. Chair of the Left's parliamentary caucus Krzysztof Gawkowski told Radio Zet that his party will likely run as a separate party list and suggested that the main opposition Civic Platform is planning to do the same.
- Poland will publish data on average gross wages and employment for December at 10:00CET/09:00GMT. Wage growth is expected to print at +13.1% Y/Y, trailing CPI inflation for a fifth consecutive month.
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Historical bullets
SONIA: Red/Green butterfly
Dec-21 08:18
- Fairly small volume in the SONIA strip, but some higher volume in the red/Green strip.
- Seems there's small buying interest of the SFIU4/SFIZ4/SFIH5 butterfly, traded in 1049 lots.
BUNDS: Looking at the German 10yr Yield
Dec-21 08:03
- The German 10yr Yield made another December high on the open, but off its early best levels, as future bounce.
Looking at Yield, reference 135.95:
- 2.35% = 135.33
- 2.38% = 134.98 (That's the November peak in Yield).
USDCAD TECHS: Bullish Outlook
Dec-21 07:56
- 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: 1.3705 High Dec 16
- PRICE: 1.3607 @ 07:54 GMT Dec 21
- SUP 1: 1.3571/3519 20-day EMA / Low Dec 14
- SUP 2: 1.3425/3385 Former trendline resistance / Low Dec 5
- 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 has recently pierced resistance at 1.3700, the Dec 7 high and the outlook remains bullish. The recent break of trendline resistance, drawn from the Oct 13 high, has strengthened bullish conditions and this has opened 1.3751, the Nov 4 high. On the downside, a break below the former trendline resistance - at 1.3425 - would be bearish and expose 1.3385, the Dec 5 low. Initial key support to watch lies at 1.3519, the Dec 14 low.
