MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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Bears Need Close Below $1.3226 *RES.....>

CABLE TECHS
CABLE TECHS: Bears Need Close Below $1.3226
*RES 4: $1.3430 Hourly resistance Sept 29 
*RES 3: $1.3343 Low Sept 28 now resistance 
*RES 2: $1.3322 21-DMA 
*RES 1: $1.3311 High Oct 16
*PRICE: $1.3260 @ 0930GMT
*SUP 1: $1.3226 High Oct 10 now support 
*SUP 2: $1.3179 Hourly resistance Oct 12 now support 
*SUP 3: $1.3144 55-DMA 
*SUP 4: $1.3121 Low Oct 12
*COMMENTARY: The pair has remained capped ahead of the 21-DMA on attempts to
break higher since Friday which is less than ideal for bulls who still need a
close above $1.3343 to confirm a break of the 21-DMA and initially target
$1.3461. Bears now look for a close below $1.3226 initial support to shift
immediate focus back to $1.3071-1.3144 where the 55-DMA is noted.
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