RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1342 WEDS VS 7.1310

Headline CPI Ticks Down To 0.2% Y/Y, PPI In Line

CHINA JUNE FOOD PRICES -2.1% Y/Y VS -2.0% Y/Y MAY

CHINA JUNE CPI +0.2% Y/Y VS MEDIAN +0.4%; MAY +0.3% Y/Y: NBS

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H4) Bullish Trend Structure

GILT TECHS
  • RES 4: 104.23 2.382 proj of the Nov 30 - Dec 6 - Dec 11 price swing
  • RES 3: 104.00 Psychological round number
  • RES 2: 103.81 2.236 proj of the Nov 30 - Dec 6 - Dec 11 price swing
  • RES 1: 103.52 Intraday high
  • PRICE: 103.60 @ 08:05 GMT Dec 27
  • SUP 1: 100.93 Low Dec 18
  • SUP 2: 100.20 High Dec 13 and gap high
  • SUP 3: 99.83 20-day EMA
  • SUP 4: 98.97 High Dec 6 and a recent breakout level

The current uptrend in Gilt futures remains intact and the contract gapped higher last Wednesday. Price is also firmer today, trading to a fresh trend high. This confirms once again, a resumption of the underlying uptrend and maintains a bullish price sequence of higher highs and higher lows. The focus is on 104.00 next. Initial firm support lies at 100.20, the Dec 13 high. Short-term weakness would be considered corrective.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.