MNI BRIEF: Caixin Apr Manufacturing PMI Hits Over One-year High

MNI BRIEF: China April Mfg. PMI Moderates To 50.4

MNI BRIEF: Aussie Retail Sales Fall 0.4% M/M In March

MNI: PBOC Net Injects CNY438 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1063 Tues; -4.47% Y/Y

CHINA PBOC INJECTS CNY440 BILLION VIA 7-DAY REVERSE REPOS TUES

Japan Mar Ind. Output +3.8% M/M; Shipments +4.3% M/M

CHINA APR CAIXIN MANUFACTURING PMI 51.4 VS 51.1 IN MAR

CHINA APR MANUFACTURING PMI 50.4 VS 50.8 IN MAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Asia Sees Consolidation Of Friday's Downtick

GOLD

Gold has consolidated in Asia, after recording 2 consecutive daily losses at the backend of last week. Spot last deals little changed, hovering around $1,845/oz. A quick reminder that Friday saw an uptick from all-time lows in our weighted U.S. real yield monitor (owing to two permanent FOMC voters pointing to the potential for a quicker pace of tapering re: the central bank's bond buying schemes), with an uptick in the broader DXY also helping gold bears. Still, the bullish technical theme remains intact for gold, with bears needing to force a break through the Nov 10 low ($1,822.4/oz) to start turning the tide in their favour. Meanwhile, bulls continue to eye the Jun 14 high ($1,877.7/oz), which forms the initial resistance point.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Energy BulletsCommodities

To read the full story

Close

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.