MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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(H2) Eyeing Further Short-Term Gains

GILT TECHS
  • RES 4: 123.71 High Jan 24
  • RES 3: 122.69 50-day EMA
  • RES 2: 122.40 High Feb 3
  • RES 1: 121.71 High Feb 18
  • PRICE: 121.46 @ Close Feb 18
  • SUP 1: 119.32 Low Feb 16 and the bear trigger
  • SUP 2: 119.28 2.382 proj of the Jan 13 - 19 - 24 price swing
  • SUP 3: 119.17 1.0% 10-dma envelope
  • SUP 4: 119.06 2.500 proj of the Jan 13 - 19 - 24 price swing

The medium-term trend condition in Gilt futures remains down, but this market is currently still in a corrective rally. Price has traded above the 20-day EMA and this suggests potential for a climb towards the 122.00 handle and the 50-day EMA at 122.69. The EMA represents a key resistance point. A failure to hold onto highs and a reversal lower would refocus attention on 119.32, Feb 16 low and the bear trigger.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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