MNI China Daily Summary: Thursday, December 19

MNI BRIEF: China Working On Trade-in Scheme Expansion - MOFCOM

MNI BRIEF: BOJ Wants More Wage Data, US Econ Outlook – Ueda

MNI: PBOC Net Injects CNY14.5 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1911 Thurs; -2.12% Y/Y

CORRECTS-MNI INTERVIEW: CBRT To Cut 2-3 Times By Feb-Cangoz

MNI: FRANCE DEC MANUF SENTIMENT AT 97

MNI: GERMANY GFK JANUARY CONSUMER CLIMATE -21.3

US EIA: CRUDE OIL STOCKS EX SPR -0.93M TO 421.0M DEC 13 WK

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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JGB TECHS: (Z4) New Lows

JGB TECHS
Fixed Income Technical AnalysisAPACJapanBulletGlobalFixed Income BulletsRegionMarkets
  • RES 3: 149.55 - High Mar 22 (cont)
  • RES 2: 147.74 - High Jan 15 and bull trigger (cont)  
  • RES 1: 146.53 - High Aug 6 
  • PRICE: 142.82 @ 16:18 GMT Nov 15
  • SUP 1: 142.71 - Low Nov 15
  • SUP 2: 142.23 - Low Jul 02
  • SUP 3: 140.21 - 1.236 proj of Mar 22 - Nov 1 ‘23 - Jan 15 price swing    

Prices fell further again Friday, extending the recent pullback. Recent weakness has culminated in a break of 143.57, marking both the Jul 17 high on the continuation contract as well as the Oct 22 low. For now, the 50-dma tops out at 144.19, and marks first resistance. Any recovery would open 146.53, the Aug 6 high (cont) and a bull trigger. 

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  • RES 3: 149.55 - High Mar 22 (cont)
  • RES 2: 147.74 - High Jan 15 and bull trigger (cont)  
  • RES 1: 146.53 - High Aug 6 
  • PRICE: 142.82 @ 16:18 GMT Nov 15
  • SUP 1: 142.71 - Low Nov 15
  • SUP 2: 142.23 - Low Jul 02
  • SUP 3: 140.21 - 1.236 proj of Mar 22 - Nov 1 ‘23 - Jan 15 price swing    

Prices fell further again Friday, extending the recent pullback. Recent weakness has culminated in a break of 143.57, marking both the Jul 17 high on the continuation contract as well as the Oct 22 low. For now, the 50-dma tops out at 144.19, and marks first resistance. Any recovery would open 146.53, the Aug 6 high (cont) and a bull trigger.