MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI UK Inflation and Labour Market Insight: April 2024 Release

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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(M3) Downtrend Remains Intact

BUND TECHS
  • RES 4: 133.36 High Feb 27
  • RES 3: 132.88 20-day EMA
  • RES 2: 132.63 High Feb 28
  • RES 1: 132.01 High Mar 1
  • PRICE: 130.90 @ 05:16 GMT Mar 8
  • SUP 1: 130.35 Low Mar 2 and the bear trigger
  • SUP 2: 130.00 Psychological round number
  • SUP 3: 129.26 2.382 proj of the Jan 18 - Jan 30 - Feb 2 price swing
  • SUP 4: 128.79 2.50 proj of the Jan 18 - Jan 30 - Feb 2 price swing

Bund futures are consolidating. The trend outlook remains bearish and short-term gains are considered corrective. Last week’s move lower confirmed a resumption of the primary downtrend and maintains the price sequence of lower lows and lower highs. The focus is on the 130.00 handle next. Initial firm resistance is seen at 132.88, the 20-day EMA. The bear trigger is 130.35, last week’s low.

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