MNI China Daily Summary: Tuesday, May 14

MNI BRIEF: Pan-EU Financial Product A First CMU Step - Belgium

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1053 Tues; -4.08% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1053 TUES VS 7.1030

PES Unemployment Data Consistent With Gradual Cooling

US NFIB APR SMALL BUSINESS INDEX 89.7

Services Drive Core HICP Disinflation In April

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

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Below Cnh6.5568 To Target 2017.....>

DOLLAR-CNH TECHS
DOLLAR-CNH TECHS: Below Cnh6.5568 To Target 2017 Lows
*RES 4: Cnh6.6639 - High Oct 9 
*RES 3: Cnh6.6313 - 55-DMA 
*RES 2: Cnh6.6070 - 21-DMA
*RES 1: Cnh6.5923 - High Oct 11
*PRICE: Cnh6.5659 @ 2300GMT
*SUP 1: Cnh6.5568 - Low Oct 11
*SUP 2: Cnh6.5409 - Low Sept 18 
*SUP 3: Cnh6.5219 - Low Sept 13 
*SUP 4: Cnh6.5053 - Low Sept 11
*COMMENTARY: Previously noted topside hesitation has taken its toll with a
sell-off to start the new week that has been followed up with closes below the
21-DMA. Bears now look for a close below Cnh6.5568 to confirm immediate focus on
Cnh6.5053 and overall focus on 2017 lows. Bulls now need a close above the
21-DMA to ease immediate bearish pressure and above the 55-DMA to shift focus
back to Cnh6.6639-6904.

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