MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1004 Fri; -4.29% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1004 FRI VS 7.0942

MNI: BANXICO CUTS TARGET RATE BY 25 BPS TO 11%

Retail sales data to have little impact on the MPC or markets

Retail sales better than expected M/M

MNI: UK FEB RETAIL SALES +0% M/M, -0.4% Y/Y

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M1) Resistance Remains Intact

BTP TECHS
  • RES 4: 151.05 1.50 proj of the Feb 26 - Mar 3 - Mar 5 price swing
  • RES 3: 150.69 76.4% retracement of the Feb 12 - 26 sell-off
  • RES 2: 150.39 High Mar 11 and key short-term resistance
  • RES 1: 149.88 High Apr 6
  • PRICE: 148.99 @ Close Apr 7
  • SUP 1: 148.57 Low Mar 30
  • SUP 2: 148.36 Low Mar 18 and key short-term support
  • SUP 3: 148.20 61.8% retracement of the Feb 26 - Mar 11 rally
  • SUP 4: 147.68 76.4% retracement of the Feb 26 - Mar 11 rally

Recent price action in BTP futures have defined resistance at 150.39, Mar 11 high and support at 148.36, Mar 18 low as key short-term directional triggers. While 150.39 and a pivotal level at 150.69, 76.4% of the Feb 12 - 26 sell-off remain intact, the short-term risk appears skewed to the downside. A breach of 148.36, Mar 18 low would reinforce a bearish argument and signal scope for a deeper pullback. Clearance of 150.39 would instead be bullish.

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.