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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Bulls Look To Hold 21-DMA *RES....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Look To Hold 21-DMA
*RES 4: 3536.87 High Jul 31 
*RES 3: 3486.31 High Aug 10 
*RES 2: 3452.41 High Sep 27 
*RES 1: 3282.22 High Oct 17 
*PREVIOUS CLOSE: 3217.37 
*SUP 1: 3090.85 Low Oct 26 
*SUP 2: 3030.00 Up trendline support from 2012 low 
*SUP 3: 2984.48 Low Dec 2 2016 
*SUP 4: 2678.86 Low June 30 2016 
Bulls failed to extend the rally yesterday but the 21-dma at 3206.26 is
providing some support. Bulls need to overcome the Oct 17 high at 3282.22 to
shift the outlook positive and target the Sep 27 highs. On the downside, a break
below the 21-dma would give bears the opportunity to target the Oct 26 low at
3090.85 to extend the selloff and test up trendline support from the 2012 low
which comes in around 3030.
Fixed Income Technical AnalysisMarketsFixed Income Bullets
Fixed Income Technical AnalysisMarketsFixed Income Bullets

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