MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

MNI: CANADIAN JAN BUILDING PERMITS -3.2% MOM

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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EUROSTOXX50 TECHS: (H5) Approaching The All-Time High

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisEquitiesCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
  • RES 4: 5528.87 2.236 proj of the Nov 21 - Dec 9 - 20 ‘24 price swing
  • RES 3: 5525.00 March 2000 all-time high    
  • RES 2: 5500.00 Round number resistance 
  • RES 1: 5483.00 Intraday high             
  • PRICE: 5480.00 @ 06:30 GMT Feb 13   
  • SUP 1: 5371.00/5259.86 Low Feb 12 / 20-day EMA            
  • SUP 2: 5129.27 50-day EMA
  • SUP 3: 4991.00 Low Jan 15  
  • SUP 4: 4931.00 Low Jan 13 and a key short-term support  

The Eurostoxx 50 futures contract continues to appreciate. The move higher confirms once again, a resumption of the uptrend that started on Nov 21 ‘24. Moving average studies are in a bull mode set-up too, highlighting a dominant uptrend. Sights are on a major resistance at 5525.00, the March 2000 all-time high. Clearance of this level would highlight a key bullish break. Initial firm support to watch lies at 5243.32, the 20-day EMA.

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  • RES 4: 5528.87 2.236 proj of the Nov 21 - Dec 9 - 20 ‘24 price swing
  • RES 3: 5525.00 March 2000 all-time high    
  • RES 2: 5500.00 Round number resistance 
  • RES 1: 5483.00 Intraday high             
  • PRICE: 5480.00 @ 06:30 GMT Feb 13   
  • SUP 1: 5371.00/5259.86 Low Feb 12 / 20-day EMA            
  • SUP 2: 5129.27 50-day EMA
  • SUP 3: 4991.00 Low Jan 15  
  • SUP 4: 4931.00 Low Jan 13 and a key short-term support  

The Eurostoxx 50 futures contract continues to appreciate. The move higher confirms once again, a resumption of the uptrend that started on Nov 21 ‘24. Moving average studies are in a bull mode set-up too, highlighting a dominant uptrend. Sights are on a major resistance at 5525.00, the March 2000 all-time high. Clearance of this level would highlight a key bullish break. Initial firm support to watch lies at 5243.32, the 20-day EMA.