MNI China Daily Summary: Thursday, June 13

MNI BRIEF: China Ready To Safeguard Interests After EU Tariffs

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

MNI: PBOC Sets Yuan Parity Lower At 7.1122 Thurs; -1.79% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.1122 THURS VS 7.1133

BoJ Data Watch

Fed Data Watch

Industrial Production Disappoints With Weakness Driven by Ireland and Italy

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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(H1) Finds Support at Last Week’s Low

BTP TECHS
  • RES 4: 154.00 Round number resistance
  • RES 3: 153.82 High Feb 12 and the bull trigger
  • RES 2: 152.89 High Dec 15
  • RES 1: 152.06 High Feb 17
  • PRICE: 151.21 @ Close Feb 23
  • SUP 1: 150.75 Low Feb 18
  • SUP 2: 150.43 Low Feb 26
  • SUP 3: 150.00 Round number support
  • SUP 4: 149.57 Low Jan 22 and key support

BTP futures traded rangebound Tuesdsay as markets sold into Monday's bounce before finding some support at last week's low. The outlook remains fragile, however, after the recent break of the 20- and 50-day EMAs and 151.19, 61.8% of the Jan 22 - Feb 12 rally. The focus is on 150.57 next, the 76.4% retracement. A deeper pullback would also expose 149.57, the Jan 22 low and key support. Initial resistance is at 152.06, Feb 17 high.

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