-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Asian Morning FI Technical Analysis
3 August 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Below 97.980 To Shift Focus Lower
*RES 4: 98.122 - 100-DMA
*RES 3: 98.089 - 200-DMA
*RES 2: 98.080 - High June 30
*RES 1: 98.070 - Bollinger band top
*PRICE: 98.040 @ 2130GMT
*SUP 1: 98.010 - Repeated Daily Lows
*SUP 2: 98.000 - 21-DMA
*SUP 3: 97.980 - Alternating daily support/resistance
*SUP 4: 97.940 - Low July 26
*COMMENTARY: The contract is gaining traction above the 21-DMA with the break of
98.050 Tuesday confirming focus on 98.080-133 where key DMAs are located. The
Bollinger top is the key concern for bulls with potential to limit follow
through. Bears look for a close below the 21-DMA to ease bullish pressure and
below 97.980 to confirm focus on 97.810-860 where 2017 lows and 200-WMA (97.841)
are located.
AUSSIE 10-YR TECHS: (U17) Remains Capped Ahead Of 200-DMA
*RES 4: 97.3911 - 100-DMA
*RES 3: 97.3429 - 200-DMA
*RES 2: 97.3350 - High July 13
*RES 1: 97.3250 - Repeated Daily Highs
*PRICE: 97.3000 @ 2130GMT
*SUP 1: 97.2500 - Low July 27
*SUP 2: 97.2370 - Bollinger band base
*SUP 3: 97.2350 - Low July 26
*SUP 4: 97.2100 - Monthly Low July 20
*COMMENTARY: Continued hesitation ahead of the 200-DMA and 97.3250-4550
resistance region is less than ideal and increases the risk of a test of the
97.2100 support. Bears look for a close below 97.2100 to end bullish hopes and
shift focus back to 96.9800-97.0576 where 2017 lows and the 200-WMA are located.
Bulls now need a close above the 200-DMA to gain breathing room and above
97.4550 to target 97.6100-6750 where 2017 highs are located.
US 10-YR FUTURE TECHS: (U17) 125-290 & 126-120 Levels Key
*RES 4: 126-180 - Bollinger band top
*RES 3: 126-120 - High July 21 & 24
*RES 2: 126-080 - High Aug 1
*RES 1: 126-040 - Hourly resistance Aug 2
*PRICE: 126-030 @ 2130GMT
*SUP 1: 126-010 - 55-DMA
*SUP 2: 125-290 - Hourly resistance Aug 1 now support
*SUP 3: 125-210 - Alternating hourly support/resistance
*SUP 4: 125-150 - Low July 25
*COMMENTARY: Hesitation ahead of the key 126-120 resistance is a concern with a
double daily top now in place at 126-120. Bulls still need a close above 126-120
to reconfirm the bullish bias and shift focus to 126-290/127-080 where WMAs and
2017 highs are located. Layers of support remain with bears needing a close
below 125-290 to ease bullish pressure and shift focus back to 125-070/150 where
the 100-DMA (125-120) is located.
US 10-YR YIELD TECHS: 2.285 Resistance Key Today
*RES 4: 2.348 - Daily Bear channel top
*RES 3: 2.337 - Hourly resistance July 14
*RES 2: 2.321 - High Aug 1
*RES 1: 2.285 - Hourly support July 31 now resistance
*PRICE: 2.266 @ 2130GMT
*SUP 1: 2.243 - Low Aug 1
*SUP 2: 2.241 - Hourly support July 24
*SUP 3: 2.229 - Low July 21, Low July 24
*SUP 4: 2.228 - 200-WMA
*COMMENTARY: The yield is finding support on dips below the 55-DMA (2.247) which
is a concern for bears who need a close below the 200-WMA to confirm focus on
tests of 2017 lows. Resistance layers remain with bulls needing a close above
2.285 to gain breathing room and above 2.337 to see pressure back on 2.348-396
where the bear channel top and July highs are located. Overall a close above
2.437 is needed to focus on 2017 highs.
JGB TECHS: (U17) 150.03 Support Remains Key
*RES 4: 150.48 - 100-DMA
*RES 3: 150.35 - 55-DMA
*RES 2: 150.33 - High July 25
*RES 1: 150.27 - High July 27
*PRICE: 150.15 @ 2130GMT
*SUP 1: 150.07 - 21-DMA
*SUP 2: 150.06 - Low July 20
*SUP 3: 150.03 - Low July 18
*SUP 4: 149.92 - Low July 17
*COMMENTARY: The 150.03-07 support region where the 21-DMA is located remains
key. Bears continue to look for a close below 150.03 to confirm a break of the
21-DMA and shift focus back to 149.65. Daily studies correcting from O/B are the
key concern for bulls. Layers of resistance remain 150.27-51 with bulls needing
a close above to confirm breaks of key DMAs and the bear channel top, shifting
immediate focus to 150.67-92.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.