POLAND: Tusk & Nawrocki To Hold Another Meeting, Local Markets Shut For Holiday
* Onet reported that Prime Minister Donald Tusk and President Karol Nawrocki will probably hold an...
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GILTS: Futures Called To Open Lower After CPI
Desks calling futures in the 91.25-35 range at the open after CPI.
AUDUSD TECHS: Trend Needle Points North
- RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
- RES 3: 0.6688 High Nov 7 ‘24
- RES 2: 0.6603 High Nov 11 ‘24
- RES 1: 0.6595 High Jul 11
- PRICE: 0.6527 @ 07:57 BST Jul 16
- SUP 1: 0.6508 Low Jul 15
- SUP 2: 0.6488/6373 50-day EMA / Low Jun 23 and a reversal trigger
- SUP 3: 0.6357 Low May 12
- SUP 4: 0.6275 Low Apr 14
The trend set-up in AUDUSD remains bullish and the latest pullback - for now - appears corrective. Resistance at 0.6590 has recently been pierced. A clear break of this price point would strengthen a bullish condition and confirm a resumption of the uptrend plus maintain the price sequence of higher highs and higher lows. Scope is seen for a climb towards 0.6603 next, the Nov 11 2024 high. Initial firm support to watch is 0.6488, the 50-day EMA.
EQUITIES: Lower Cash Opens Eyed In Europe
While ASML’s headline Q2 earnings figures were generally firmer than expected, some soft Q3 guidance and a lack of firm guidance for ’26 seems to have weighed on wider sentiment, with Euro Stoxx 50 futures more than unwinding the initial uptick that followed the release.
- Broader European equity index futures point to downside at the cash open:
- Euro Stoxx 50 futures: -0.52%
- DAX futures: -0.56%
- CAC 40 futures: -0.38%
- FTSE MIB futures: -0.44%
- SMI futures: -0.02%
- FTSE 100 futures: -0.25%
