-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTrending Top 5
Market News Topics
July 01, 2022 10:09 GMT
Price Signal Summary - 1.1934 Support In Cable Remains Exposed
MARKET INSIGHT
- In the equity space, S&P E-Minis traded lower yesterday to extend this week’s bear cycle and pullback from Tuesday’s high of 3950.00. Initial support to watch is at 3735.00, the Jun 23 low. A breach of this level would expose key support at 3639.00, the Jun 17 low and bear trigger. For bulls, a breach of resistance at 3950.00 is required to reinstate a short-term bullish theme. EUROSTOXX 50 futures have traded lower this week following the reversal from Monday’s high of 3584.00. The move lower has exposed the key support and bear trigger at 3384.00, Jun 16 low. A break would resume the primary downtrend. On the upside, clearance of 3584.0 is required to reinstate a short-term bullish theme.
- In FX, EURUSD maintains a bearish theme and a key short-term resistance at 1.0600 is intact. This is the top of a bear channel drawn from the Feb 10 high. Attention is on 1.0350, May 13 low and the bear trigger. A clear break of the 1.0600 resistance is required to signal a reversal. GBPUSD is trading lower today. This reinforces short-term bearish conditions with the focus on the bear trigger at 1.1934, the Jun 14 low. Resistance to watch remains 1.2406, the Jun 16 high. Initial resistance is at 1.0545, the 20-day EMA. USDJPY delivered a fresh cycle high Wednesday, confirming a resumption of the primary uptrend. The retracement from Wednesday’s high is considered corrective and initial support at 134.27, the Jun 23 low, remains intact. A resumption of gains would open 137.30 next, 1.50 projection of the Feb 24 - Mar 28 - 31 price swing.
- On the commodity front, the outlook in Gold is trading lower. This reinforces bearish conditions and attention is on the key support and bear trigger at $1787.00, May 16 low. A breach of this level would resume the downtrend. Key trendline resistance intersects at $1864.2. The trendline is drawn from the Mar 8 high and a break is required to reverse the short-term direction. In the Oil space, WTI futures found resistance this week at Wednesday’s high of $114.05. A break of this hurdle is required to confirm a resumption of the recent recovery and open $116.58, the Jun 17 high. For bears, an extension lower would signal the end of the recent climb and open key support at $101.53, the Jun 22 low.
- In the FI space, Bund futures have resumed their short-term uptrend and corrective cycle - the contract has traded above resistance at 149.00, Jun 24 high to signal potential for a climb towards 150.06, a Fibonacci retracement. Key short-term support has been defined at 144.72, a break would highlight a bearish reversal. Gilts have defined resistance at 114.55, Jun 24 high where a break would highlight potential for a stronger short-term recovery and open 115.55, the Jun 6 high. Initial firm support is at 111.72, the Jun 29 low.
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok