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MNI China Daily Summary: Monday, May 29

MNI BRIEF: BOJ Posts Unrealised JGB Losses of JPY157.1 Bln

MNI: PBOC Net Injects CNY23 Bln Via OMOs Monday

MNI: TREASURY GENERAL ACCOUNT $38.8B MAY 25 VS $49.5B PREV DAY

MNI DATA FORECASTS: EZ Inflation, US Payrolls In Focus

EZ/UK Bond Supply Calendar: Italy BTP/CCTeu Auction on Tuesday

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

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Bullish Focus

EURGBP TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.8925 High Mar 7 and a key resistance
  • RES 3: 0.8918 76.4% retracement of the Feb 3 - Mar 15 bear leg
  • RES 2: 0.8885 Trendline drawn from the Feb 3 high
  • RES 1: 0.8827 High Mar 24
  • PRICE: 0.8799 @ 06:39 BST Mar 30
  • SUP 1: 0.8771 Low Mar 28
  • SUP 2: 0.8719 Low Mar 15 and key support
  • SUP 3: 0.8712 61.8% retracement of the Dec 1 - Feb 3 bull leg
  • SUP 4: 0.8691 Low Dec 19

EURGBP is unchanged. The cross remains below 0.8866, the Mar 23 high. Recent gains, between Mar 15 - 23, highlight a bullish picture and attention is on a key short-term trendline resistance at 0.8883. The trendline is drawn from the Feb 3 high and a break would strengthen bullish conditions. On the downside, key support to watch is unchanged at 0.8719, the Mar 15 low. Clearance of this level would instead reinstate a recent bearish theme.

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  • RES 4: 0.8925 High Mar 7 and a key resistance
  • RES 3: 0.8918 76.4% retracement of the Feb 3 - Mar 15 bear leg
  • RES 2: 0.8885 Trendline drawn from the Feb 3 high
  • RES 1: 0.8827 High Mar 24
  • PRICE: 0.8799 @ 06:39 BST Mar 30
  • SUP 1: 0.8771 Low Mar 28
  • SUP 2: 0.8719 Low Mar 15 and key support
  • SUP 3: 0.8712 61.8% retracement of the Dec 1 - Feb 3 bull leg
  • SUP 4: 0.8691 Low Dec 19

EURGBP is unchanged. The cross remains below 0.8866, the Mar 23 high. Recent gains, between Mar 15 - 23, highlight a bullish picture and attention is on a key short-term trendline resistance at 0.8883. The trendline is drawn from the Feb 3 high and a break would strengthen bullish conditions. On the downside, key support to watch is unchanged at 0.8719, the Mar 15 low. Clearance of this level would instead reinstate a recent bearish theme.