MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

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

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(M4) Watching Support

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-06/109-31+ 50-day EMA / High May 16 and bull trigger
  • PRICE: 108-23+ @ 11:14 BST May 24
  • SUP 1: 108-15 Low May 14 and key support
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 107-04 Low Apr 25 and the bear trigger

Treasuries traded lower Thursday on the back of strong PMI data, extending the pullback from the recent 109-31+ high on May 16. Support to watch lies at 108-15, the May 14 low. Clearance of this level would undermine the recent bullish theme and instead signal scope for a deeper retracement. This would open 108-06, the May 3 low. On the upside, 109-31+ is the bull trigger where a break confirms a resumption of the bull cycle.

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  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-06/109-31+ 50-day EMA / High May 16 and bull trigger
  • PRICE: 108-23+ @ 11:14 BST May 24
  • SUP 1: 108-15 Low May 14 and key support
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 107-04 Low Apr 25 and the bear trigger

Treasuries traded lower Thursday on the back of strong PMI data, extending the pullback from the recent 109-31+ high on May 16. Support to watch lies at 108-15, the May 14 low. Clearance of this level would undermine the recent bullish theme and instead signal scope for a deeper retracement. This would open 108-06, the May 3 low. On the upside, 109-31+ is the bull trigger where a break confirms a resumption of the bull cycle.