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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(H4) Trend Needle Points South

BUND TECHS
  • RES 4: 135.88 High Feb 2
  • RES 3: 134.60 High Feb 7
  • RES 2: 133.93 50-day EMA
  • RES 1: 133.52 20-day EMA
  • PRICE: 132.53 @ 05:16 GMT Feb 27
  • SUP 1: 131.78 Low Feb 22 and the bear trigger
  • SUP 2: 131.49 61.8% retracement of the Oct 4 - Dec 27 bull phase
  • SUP 3: 130.47 Low Nov 24
  • SUP 4: 129.76 76.4% retracement of the Oct 4 - Dec 27 bull phase

Bund futures remain in a bear mode condition and gains are considered corrective. Moving average studies have recently crossed and are in a bear-mode set-up, highlighting a downtrend, The focus is on 131.49 next, the 61.8% retracement of the Oct 4 - Dec 27 bull phase. Clearance here would strengthen a bearish theme. For bulls, a break of 136.29, the Feb 1 high, is required to signal a reversal. Initial resistance is 133.52, the 20-day EMA.

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