MNI BRIEF: China To Defend Interests Following U.S. Tariffs

MNI China Daily Summary: Tuesday, May 14

MNI BRIEF: Pan-EU Financial Product A First CMU Step - Belgium

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

MNI: PBOC Sets Yuan Parity Higher At 7.1053 Tues; -4.08% Y/Y

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

MNI: US REDBOOK: MAY STORE SALES +6.3% V YR AGO MO

March Wholesales Down As Motor Factories Retool

MNI: US APR FINAL DEMAND PPI +0.5%, EX FOOD, ENERGY +0.5%

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

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

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

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

(M4) Heading South

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-09+ 50-day EMA
  • RES 3: 110-06 High Apr 4
  • RES 2: 109-02/26+ Low Apr 8 / High Apr 10
  • RES 1: 108.25+ High Apr 12
  • PRICE: 107-23+ @ 11:02 BST Apr 16
  • SUP 1: 107-16+ 2.50 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The sharp sell-off in Treasuries last week and Monday’s extension, reinforces the current bearish cycle. The move down has confirmed a resumption of this year’s downtrend and in the process a number of short-term support points have been breached. Scope is seen for an extension towards 107-16+ next, a Fibonacci projection. Initial resistance has been defined at 109-25+, the Apr 12 high. Key short-term resistance is 110-06, the Apr 4 high.

159 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: 110-09+ 50-day EMA
  • RES 3: 110-06 High Apr 4
  • RES 2: 109-02/26+ Low Apr 8 / High Apr 10
  • RES 1: 108.25+ High Apr 12
  • PRICE: 107-23+ @ 11:02 BST Apr 16
  • SUP 1: 107-16+ 2.50 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 2: 107-07+ 76.4% of the Oct - Dec ‘23 bull leg (cont)
  • SUP 3: 106-27 2.764 proj of Dec 27 - Jan 19 - Feb 1 price swing
  • SUP 4: 106-08 3.00 proj of Dec 27 - Jan 19 - Feb 1 price swing

The sharp sell-off in Treasuries last week and Monday’s extension, reinforces the current bearish cycle. The move down has confirmed a resumption of this year’s downtrend and in the process a number of short-term support points have been breached. Scope is seen for an extension towards 107-16+ next, a Fibonacci projection. Initial resistance has been defined at 109-25+, the Apr 12 high. Key short-term resistance is 110-06, the Apr 4 high.