MNI China Daily Summary: Wednesday, July 31

MNI BRIEF: BOJ To Raise Further, No Clues on Timing - Ueda

MNI BRIEF: BOJ's FY26 Inflation View Flat; Upside Risk To FY24, 25 Prices

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

MNI BRIEF: China July PMI Contracts For Third Straight Month

Blinken-US Uninvolved & Unaware Of Haniyeh Elimination Beforehand

MNI: US MBA: MARKET COMPOSITE -3.9% SA THRU JUL 26 WK

US MBA: REFIS -7% SA; PURCH INDEX -2% SA THRU JULY 26 WK

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

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

(M3) Heading South

SCHATZ TECHS
  • RES 4: 106.695 High Mar 24
  • RES 3: 106.315 High Mar 27
  • RES 2: 106.190 High Apr 6 and key short-term resistance
  • RES 1: 105.706/920 20-day EMA / High Apr 11
  • PRICE: 105.390 @ 05:39 BST Apr 17
  • SUP 1: 105.355 Intraday low
  • SUP 2: 105.336 61.8% retracement of the Mar 9 - 20 rally
  • SUP 3: 105.030 Low Mar 15
  • SUP 4: 104.953 76.4% retracement of the Mar 9 - 20 rally

Schatz futures remain in a downtrend. The move lower Friday resulted in a break of support at 105.465, the Mar 31 low. This reinforces the current bearish theme and paves the way for a test of 105.336, a Fibonacci retracement. On the upside, clearance of 106.190, the Apr 6 high, is required to reinstate a recent bullish theme. Initial resistance is seen at 105.706, the 20-day EMA.

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.