MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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Bears In Control *RES 4:..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bears In Control
*RES 4: 3536.87 High Jul 31 
*RES 3: 3490.00 Down trendline resistance from Jan high 
*RES 2: 3486.31 High Aug 10 
*RES 1: 3462.81 High Aug 28 
*PREVIOUS CLOSE: 3405.38 
*SUP 1: 3369.47 21-dma 
*SUP 2: 3261.86 Low Mar 26 
*SUP 3: 3214.31 Low Feb 8 2017 
*SUP 4: 3175.00 Bear channel bottom 
Eurostoxx50 managed to regain the 4000 level yesterday but Monday's high held
firm keeping the focus on the downside. Bears look for a close back below the
21-dma at 3369.47 to cement the bearish near-term trend. Below here would return
the focus to the March 26 low at 3261.86. Bulls need to overcome the Aug 28 high
and 200-dma at 3460.34 to establish a higher cyclical high, something which has
not been achieved since May.
Fixed Income Technical AnalysisMarketsFixed Income Bullets
Fixed Income Technical AnalysisMarketsFixed Income Bullets

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