HUNGARY: Strong Demand at Eurobond Auction Shows Confidence in Hungarian Economy

Jan-08 08:02

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* Hungary saw strong demand at yesterday's Eurobond debt sale, selling EUR 2bn of a 7-year bond an...

Historical bullets

AUDUSD TECHS: Northbound

Dec-09 07:58
  • RES 4: 0.6723 High Oct 21 ‘24   
  • RES 3: 0.6707 High Sep 17 and a key resistance 
  • RES 2: 0.6660 High Sep 18
  • RES 1: 0.6649 High Dec 5 & 8
  • PRICE: 0.6638 @ 07:57 GMT Dec 9 
  • SUP 1: 0.6580/6551 High Nov 13 / 20-day EMA 
  • SUP 2: 0.6517 Low Nov 27 
  • SUP 3: 0.6466/21 Low Nov 26 / 21 
  • SUP 4: 0.6415 Low Aug 21 / 22 and a bear trigger 

A strong impulsive bull wave in AUDUSD remains intact. Note that moving average studies have recently crossed and are in a bull-mode position, reinforcing current conditions. The pair has also printed 10 consecutive sessions of higher highs. 0.6640, 76.4% of the Sep 17 - Nov 21 bear leg, has been pierced This opens 0.6707, the Sep 17 high and key resistance. Key support to watch is at 0.6551, 20-day EMA.

GILTS: Opening Calls

Dec-09 07:58

Gilt Opening Calls, 90.74/90.76.

EQUITIES: EU Cash Opening Calls

Dec-09 07:57
  • Estox 50: +0.12%, Dax: +0.21%, CAC: +0.08%, FTSE +0.01%, SMI -0.28%.

Defence stocks will be watch following Germany approving €52bn in Military orders.