MNI China Daily Summary: Monday, May 6

MNI: China CFETS Yuan Index Up 0.03% In Week of Apr 30

MNI: PBOC Net Drains CNY8 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.0994 Mon; -4.33% Y/Y

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

CHINA SETS YUAN CENTRAL PARITY AT 7.0994 MON VS 7.1063

PPI ex-energy remains at -1.3%Y/Y in March

MNI: EUROZONE MAR PPI -0.4% M/M, -7.8% Y/Y

Services PMIs improve more in core than periphery vs March

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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(H4) Bullish Outlook

AUSSIE 10-YEAR TECHS
  • RES 3: 96.160 - High Jul 20
  • RES 2: 96.126 - 2.0% Upper Bollinger Band
  • RES 1: 96.110 - High Dec 28
  • PRICE: 96.035 @ 15:12 GMT Dec 29
  • SUP 1: 95.390/275 - Low Nov 27 / 14
  • SUP 2: 94.966 - 1.0% 10-dma envelope
  • SUP 3: 94.965 - Low Oct 31

Aussie 10yr futures remain in an uptrend and the contract traded to new highs of 96.110 this week. This takes out key resistance at the 96.050 level, opening levels seen higher at the 2.0% upper Bollinger Band of 96.126. The recent recovery has tipped prices north of the 100-dma - reinforcing the current bullish theme. Key support lies below at 95.390 as well as 95.275. Weakness through here could mark the conclusion of the bounce off the bear trigger at 94.965.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income Bullets

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