MNI China Daily Summary: Monday, November 11

MNI BRIEF: China Oct M2 Rises To Seven-Month High

MNI BRIEF: Japan Oct Sentiment, Outlook Indexes Both Fall

CHINA YTD NEW LOANS CNY16.52 TRLN VS MEDIAN CNY16.7 TRLN: PBOC

MNI: PBOC Net Injects CNY116.4 Bln via OMO Monday

MNI BRIEF: PBOC Has Room For More Easing : Research Head

EZ/UK Bond Supply Calendar: NE, UK, DE Auction on Tuesday

MNI: NORWAY OCT CORE CPI +0.2% M/M, +2.7% Y/Y

MNI: NORWAY OCT CPI +0.6% M/M, +2.6% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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BOBL TECHS: (Z4) Bear Threat Still Present

BOBL TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 119.620 High Oct 18    
  • RES 3: 119.330 High Oct 24       
  • RES 2: 118.874 20-day EMA     
  • RES 1: 118.580 Low Sep 3 and a recent breakout level                        
  • PRICE: 118.360 @ 05:57 GMT Nov 7  
  • SUP 1: 117.680 Low Oct 31 and the bear trigger           
  • SUP 2: 117.570 2.00 proj of the Oct 18 - 22 - 24   
  • SUP 3: 117.362 2.236 proj of the Oct 18 - 22 - 24    
  • SUP 4: 117.234 2.382 proj of the Oct 18 - 22 - 24    

A sharp sell-off in Bobl futures last week highlights a strong bearish condition and the move down confirmed a resumption of the bear cycle that started Oct 1. The sell-off paves the way for an extension lower near-term and sights are on 117.570, a Fibonacci extension point. Initial firm resistance is seen at 118.580, the Sep 3 low and a recent breakout level. Short-term gains are - for now - considered corrective.

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  • RES 4: 119.620 High Oct 18    
  • RES 3: 119.330 High Oct 24       
  • RES 2: 118.874 20-day EMA     
  • RES 1: 118.580 Low Sep 3 and a recent breakout level                        
  • PRICE: 118.360 @ 05:57 GMT Nov 7  
  • SUP 1: 117.680 Low Oct 31 and the bear trigger           
  • SUP 2: 117.570 2.00 proj of the Oct 18 - 22 - 24   
  • SUP 3: 117.362 2.236 proj of the Oct 18 - 22 - 24    
  • SUP 4: 117.234 2.382 proj of the Oct 18 - 22 - 24    

A sharp sell-off in Bobl futures last week highlights a strong bearish condition and the move down confirmed a resumption of the bear cycle that started Oct 1. The sell-off paves the way for an extension lower near-term and sights are on 117.570, a Fibonacci extension point. Initial firm resistance is seen at 118.580, the Sep 3 low and a recent breakout level. Short-term gains are - for now - considered corrective.