CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(M2) Broader Trend Direction Remains Down

GILT TECHS
  • RES 4: 122.35 High Apr 4
  • RES 3: 120.96 High Apr 6
  • RES 2: 120.16 50-day EMA
  • RES 1: 119.79 High Apr 25 and key resistance
  • PRICE: 119.01 @ Close May 11
  • SUP 1: 116.87 Low May 9 and the bear trigger
  • SUP 2: 116.35 Low Dec 30 2015 (cont)
  • SUP 3: 115.40 1.00 proj of the Mar 1 - 28 - Apr 4 price swing
  • SUP 4: 115.00 Round number support

The trend direction in Gilt futures remains down and gains are considered corrective. Moving average studies still point south and the dominant bearish price sequence of lower lows and lower highs remains intact. Resistance to watch is 119.79, Apr 26 high where a break is required to signal a short-term base. This week’s print below 117.22, Apr 22 low, reinforced bearish conditions. The trigger for a continuation lower is 116.87, May 9 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.