Free Trial
BOND SUMMARY

EGB/Gilt: PMIs Point To Contraction

SONIA

SONIA FIX - 22/07/22

LIBOR

JAPAN FIX - 22/07/22

LIBOR

US FIX - 22/07/22

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 Access
GOLD TECHS
GOLD TECHS: $1307.3 Loss Opens Way To $1302.2-$1301.4 Next
*RES 4: $1336.8 Base of broken 9 week bull channel
*RES 3: $1332.8 Apr 24 high
*RES 2: $1325.0 Apr 30 high
*RES 1: $1315.4 Apr 26 low, now resistance
*PRICE: $1310.6 @0932GMT
*SUP 1: $1301.4/2.2 50% Fibo of $1236.6-$1366.2, Jan 1 low
*SUP 2: $1299.3 Nov 27 high, now support
*SUP 3: $1286.1 61.8% Fibo of $1236.6-$1366.2
*SUP 4: $1280.1 Rising Weekly support line from Dec 2016
*COMMENTARY* Last week saw a break below the 8 week bull channel, at $1336.8
today, following the failure to reclaim levels back above the year's $1366.2
high earlier in the month. Further loss of the 61.8% Fibo retrace level at
$1326.7, opens the way for a continued fall and with $1307.3 also going
yesterday, suggests a test of the year's $1302.2 low and 50% Fibo level at
$1301.4. In the meantime, $1315.4-$1325.0 presents initial resistance.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.