EU FINANCIALS: UNIQA Insurance (UQA) - Q1 25 Earnings Headlines

May-23 07:03

Credit neutral. Good operating results for UNIQA offset slightly by a weaker investment results "due to turbulence in international financial markets".

"*UNIQA 1Q GROSS WRITTEN PREMIUM EU2.47B, +13% Y/Y
*UNIQA 1Q NET INVESTMENT INCOME EU108.8M, -54% Y/Y
*UNIQA 1Q PRETAX PROFIT EU151.1M, +4.1% Y/Y" (BBG)

Historical bullets

USDCAD TECHS: Southbound

Apr-23 07:02
  • RES 4: 1.4415 High Apr 1
  • RES 3: 1.4296 High Apr 7 
  • RES 2: 1.4165 50-day EMA 
  • RES 1: 1.3906/4029 High Apr 17 / 20-day EMA  
  • PRICE: 1.3814 @ 08:01 BST Apr 23
  • SUP 1: 1.3781 Low Apr 21
  • SUP 2: 1.3744 76.4% retracement of Sep 25 ‘24 - Feb 3 bull run
  • SUP 3: 1.3696 Low Oct 10 2024
  • SUP 4: 1.3643 Low Oct 9 ‘24 

A bearish theme in USDCAD remains intact for now and the pair is trading at its recent lows. Fresh cycle lows continue to highlight a resumption of the downtrend and signal scope for a continuation near-term. Potential is seen for a move towards 1.3744, a Fibonacci retracement. Moving average studies are in a bear -mode position, highlighting a dominant downtrend. First resistance to watch is 1.4029, the 20-day EMA.

AUDUSD TECHS: Maintains A Bullish Tone

Apr-23 06:59
  • RES 4: 0.6550 61.8% retracement of the Sep 30 ‘24 - Apr 9 bear leg  
  • RES 3: 0.6528 High Nov 29 ‘24
  • RES 2: 0.6471 High Dec 9 ‘24
  • RES 1: 0.6439 High Apr 22
  • PRICE: 0.6418 @ 07:58 BST Apr 23 
  • SUP 1: 0.6349/6299 Low Apr 21 / 20-day EMA  
  • SUP 2: 0.6181 Low Apr 11  
  • SUP 3: 0.6116 Low Apr 10 
  • SUP 4: 0.5915 Low Apr 9 and key support  

AUDUSD is holding on to its recent gains and a bullish theme remains intact. The pair has breached a key resistance at 0.6409, the Dec 9 ‘24 high. This reinforces bullish conditions and signals scope for a continuation higher near-term. Sights are on 0.6471 next, the Dec 9 2024 high. Initial key support to monitor is 0.6299, the 20-day EMA. A clear break of this EMA would be a concern for bulls. 

GILTS: Opening calls

Apr-23 06:58

Gilt Opening calls, these DO NOT take the remit into account.

  • Range 92.04/92.50, would give a ~92.27 mid