MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

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

March Final HICP Data Suggests “Easter Effects” Limited To Airfares

MNI: US MBA: MARKET COMPOSITE +3.3% SA THRU APR 12 WK

US MBA: REFIS +0.5% SA; PURCH INDEX +5% SA THRU APRIL 12 WK

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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(H3) Bull Channel Support Remains Intact

EUROSTOXX50 TECHS
  • RES 4: 4446.00 3.00 proj of the Sep 29 - Oct 4 rally from Dec 20 low
  • RES 3: 4409.50 High Nov 18 2021 and a major resistance
  • RES 2: 4381.50 High Jan 5 2022 (cont)
  • RES 1: 4328.00 High Mar 6
  • PRICE: 4291.00 @ 05:50 GMT Mar 9
  • SUP 1: 4239.90 Bull channel base drawn from the Oct 13 low
  • SUP 2: 4175.00/4162.30 Low Feb 24 / 50-day EMA
  • SUP 3: 3955.00 Low Jan 5
  • SUP 4: 3753.00 Low Dec 20 and a key support

Eurostoxx 50 futures continue to trade above key support - the base of a bull channel drawn from the Oct 13 low. The line intersects at 4239.90. While this channel support holds, the broader uptrend remains intact. Monday’s gains resulted in a test of 4323.00, the Feb 16 high and bull trigger. A clear break would resume the uptrend. On the downside, a breach of the channel base alters the picture.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
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