SWITZERLAND DATA: January CPI Dragged Lower By Energy
Swiss CPI inflation printed in line with consensus at 0.4% Y/Y in January (vs 0.6% prior), and -0.1%...
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AUDUSD TECHS: MA Studies Highlight A Clear Downtrend
- RES 4: 0.6429 High Dec 12
- RES 3: 0.6384 High Dec 13
- RES 2: 0.6358 50-day EMA
- RES 1: 0.6240/0.6302 20-day EMA / High Jan 6
- PRICE: 0.6197 @ 08:00 GMT Jan 14
- SUP 1: 0.6131 Low Jan 13
- SUP 3: 0.6100 Round number support
- SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5994 1.618proj of the Sep 30 - Nov 6 - 7 price swing
A bearish trend condition in AUDUSD remains intact and last Friday’s sell-off plus Monday’s trend low, reinforces this theme. The pair has breached support at 0.6179, the Dec 31 low, maintaining the price sequence of lower lows and lower highs. Note that MA studies are in a bear-mode position too. Scope is seen for an extension towards the 0.6100 handle next. Initial firm resistance to monitor is 0.6240, 20-day EMA. The 50-day EMA is at 0.6358.
GILTS: Opening calls
Gilt calls, 89.54/89.56.
EQUITIES: EU Cash opening calls
European Equities are set for a decent Open, should still be short of pre NFP level, Estoxx futures (VGH5) would need a test back to 5040.00.
And for the US Emini, it would need another 55 points gains, up to 5950.25 for an NFP reversal.
- Calls: Estox 50: +0.94%, Dax: +0.58%, CAC: +1.03%, FTSE +0.16%, SMI +0.91%.
