MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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

(H4) Support Remains Exposed

BTP TECHS
  • RES 4: 122.63 High Dec 7 2022 (cont)
  • RES 3: 122.18 3.00 proj of the Nov 10 - 17 - 24 price swing
  • RES 2: 121.43 2.764 proj of the Nov 10 - 17 - 24 price swing
  • RES 1: 119.27/77 High Jan 30 / 4
  • PRICE: 117.14 @ Close Feb 8
  • SUP 1: 116.98 Low Jan 25 and the bear trigger
  • SUP 2: 115.70 Low Dec 8
  • SUP 3: 114.10 50.0% retracement of the Oct 19 - Dec 27 bull cycle
  • SUP 4: 113.31 Low Nov 28

BTP futures are unchanged and continue to trade below the Jan 30 high of 119.27. The contract has recently pierced resistance at the Jan 12 high of 119.23. A resumption of gains and a clear break of 119.23 would highlight a base and a potential continuation of the primary uptrend. For now, attention is on key support at 116.98, Jan 25 low. Clearance of this level would resume the recent bearish cycle and open 115.70, the Dec 8 low.

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.