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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

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

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

(M4) Downtrend Remains Intact

SCHATZ TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 105.790 High Mar 25 and key resistance
  • RES 3: 105.680 High Apr 12
  • RES 2: 105.525 High Apr 19
  • RES 1: 105.419/680 20-day EMA / High Apr 12
  • PRICE: 105.275 @ 05:13 BST Apr 30
  • SUP 1: 105.140 Low Apr 25 and 26
  • SUP 2: 105.106 1.382 proj of the Mar 8 - 18 - 25 price swing
  • SUP 3: 105.047 1.50 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 105.000 Round number support

The trend condition in Schatz futures is unchanged and remains bearish. The recent break of support at 105.490, the Feb 29 low and bear trigger, confirmed a resumption of the downtrend that started late December last year. Last week’s extension lower reinforces current conditions and sights are on 105.106, a Fibonacci projection. Key resistance has been defined at 105.790, the Mar 25 high. Initial firm resistance is 105.419, the 20-day EMA.

150 words

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.
  • RES 4: 105.790 High Mar 25 and key resistance
  • RES 3: 105.680 High Apr 12
  • RES 2: 105.525 High Apr 19
  • RES 1: 105.419/680 20-day EMA / High Apr 12
  • PRICE: 105.275 @ 05:13 BST Apr 30
  • SUP 1: 105.140 Low Apr 25 and 26
  • SUP 2: 105.106 1.382 proj of the Mar 8 - 18 - 25 price swing
  • SUP 3: 105.047 1.50 proj of the Aug 8 - Mar 18 - Mar 25 price swing
  • SUP 4: 105.000 Round number support

The trend condition in Schatz futures is unchanged and remains bearish. The recent break of support at 105.490, the Feb 29 low and bear trigger, confirmed a resumption of the downtrend that started late December last year. Last week’s extension lower reinforces current conditions and sights are on 105.106, a Fibonacci projection. Key resistance has been defined at 105.790, the Mar 25 high. Initial firm resistance is 105.419, the 20-day EMA.