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HUNGARY

GDP Contracts 2.3% YoY In Q1

EURUSD TECHS

Resumes Its Upleg

SHORT-STERLING OPTIONS

Blue put fly trades again

EUR

EURGBP trades back towards 0.8600

TECHS: Tough Going Above 1.33.........>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Tough Going Above 1.33
Topside gains were few and far between above 1.33, prompting USD/CAD to hold
close to the handle and keeping the narrow daily range intact. Bears continue to
look for a downside break of the 100-dma (1.3228) to regain control. Below here
puts the focus back on the 200-dma at 1.3138, ahead of the ytd low & up
trendline support at 1.3069/66. Bulls need to close above the 1.33 handle,
before focusing on the Jan 24 high at 1.3375.