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JGBS

20-Year Auction Cover Hits Lowest Since '15

JGBS AUCTION

Japanese MOF sells Y974.6bn 20-Year JGBs:

JGBS AUCTION

Japanese MOF sells Y2.8916tn 1-Year Bills:

FOREX

Kiwi Defends Its Pole Position In G10 FX Space

EQUITIES

Asia-Pac Equities Find Some Poise

30 October 2017
By Kyle Shortland
     
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Bulls Need Close Above 97.950 
*RES 4: 98.036 - 200-DMA 
*RES 3: 97.984 - 100-DMA 
*RES 2: 97.950 - Low Sept 13 now resistance 
*RES 1: 97.946 - Bollinger band top
*PRICE: 97.940 @ 2030GMT
*SUP 1: 97.900 - Low Oct 27 
*SUP 2: 97.880 - High Oct 24 now support 
*SUP 3: 97.820 - Low Oct 6 
*SUP 4: 97.780 - Low Sept 28 & Oct 2
*COMMENTARY: Dips back to 97.820 continued to find support last week resulting
in a rally and bullish closes that have so far remained capped ahead of the key
97.950 resistance. Bulls need a close above 97.950 to shift focus to
97.984-98.050 where 100 & 200-DMAs are located. The Bollinger top is the key
concern for bulls. Bears still need a close below 97.880 to ease immediate
bullish pressure. and shift focus back to 97.820.
AUSSIE 10-YR TECHS: (Z17) 97.1450 Support Remains Key 
*RES 4: 97.3149 - 200-DMA
*RES 3: 97.2577 - Bollinger band top
*RES 2: 97.2525 - 55-DMA
*RES 1: 97.2500 - High Oct 18
*PRICE: 97.2350 @ 2030GMT
*SUP 1: 97.2000 - Hourly support Oct 27
*SUP 2: 97.1650 - Low Oct 27
*SUP 3: 97.1450 - Hourly support Oct 12, Low Oct 23
*SUP 4: 97.1100 - Low Oct 6
*COMMENTARY: Dips continue to find support at the 97.1450 level with bears
needing a close below to reconfirm focus on 97.0600-0900 and below 97.0600 to
shift focus to 96.9520-9800. The 55-DMA remains key resistance with bulls
needing a close above to shift focus to 97.3146-3271 where the 200-DMA and bear
channel top are situated. The Bollinger band top remains the key concern for
bulls with potential to limit follow through.
US 10-YR FUTURE TECHS: (Z17) 21-DMA Resistance Now Key
*RES 4: 125-01+ Hourly resistance Oct 20 
*RES 3: 124-29  Daily Bear channel top 
*RES 2: 124-28  Hourly support Oct 23 now resistance 
*RES 1: 124-24  High Oct 27
*PRICE: 124-19 @ 2030GMT
*SUP 1: 124-15  Hourly resistance Oct 26 now support
*SUP 2: 124-06  Low Oct 25
*SUP 3: 124-00+ Rising Weekly TL
*SUP 4: 123-10+ Monthly Low Mar 10
*COMMENTARY: The failure to take out 124-06 last week resulted in a bounce
Friday and bullish close that increase the risk of a correction back to
124.29/125-03+ where the bear channel top and 21-DMA are noted. Bulls now need a
close above the 21-DMA to open up for a move back to 125-25+/126-04+ where 55 &
100-DMAs are noted and above 125-16+ to confirm. While the 21-DMA caps bears
remain focused on 123-07+/124-00+.
US 10-YR YIELD TECHS: Focus Remains On 2.544-558
*RES 4: 2.560 - Daily Bull channel top 
*RES 3: 2.558 - Low Mar 13 now resistance 
*RES 2: 2.544 - High Mar 17 
*RES 1: 2.477 - High Oct 25
*PRICE: 2.428 @ 2030GMT
*SUP 1: 2.408 - Low Oct 26 
*SUP 2: 2.394 - Hourly support Oct 24 
*SUP 3: 2.363 - Hourly support Oct 23 
*SUP 4: 2.352 - 21-DMA
*COMMENTARY: The lack of topside follow through in the latter half of last week
is less than ideal for bulls with the Bollinger top (2.445) currently the key
concern. Bulls now need a close above 2.477 to initially pressure 2.544-558 with
overall focus shifting to 2017 highs. The 2.394 support remains key. Bears need
a close below 2.394 to ease bullish pressure and below the 21-DMA to initially
pressure the 200-DMA (2.314) and hint at a correction back to 2.251-279.
JGB TECHS: (Z17) Narrowing Bollinger Bands Hint At Breakout 
*RES 4: 150.71 - 55-DMA
*RES 3: 150.65 - Low Sept 20 now resistance
*RES 2: 150.50 - 100-DMA
*RES 1: 150.46 - 200-DMA
*PRICE: 150.41 @ 2030GMT
*SUP 1: 150.35 - Low Oct 27 
*SUP 2: 150.26 - Low Oct 25 
*SUP 3: 150.23 - Bollinger band base 
*SUP 4: 150.08 - Low Oct 3
*COMMENTARY: Broad sideways trading continues with the contract capped ahead
150.46-50 where 100 & 200-DMAs are located. Bulls need a close above the 100-DMA
to ease bearish pressure and above the 55-DMA to end bearish hopes and shift
focus to 150.96-151.01. While 100 & 200-DMAs cap bears remain focused on
150.06-08 with below 150.06 shifting overall focus back to 149.65 July lows.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]