Trial now
FED

NY Fed Operational Purchase

BOND SUMMARY

EGB/GILTS SUMMARY- UK/Germany spread tightening

BONDS

Gilts/Bund spread tightest since 11/02

EGB SYNDICATION

Italy 7Y CCTeu Priced, E6bln Size

US TSY OPTIONS

5Y Vol Buyer, 10Y Put Ongoing

10 August 2017
By Kyle Shortland
     
Please click on this link to access MNI's daily Dollar-Asia FX Technical
Analysis Pdf http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Bulls Need Close Above Sgd1.3647
*RES 4: Sgd1.3752 - 55-DMA 
*RES 3: Sgd1.3723 - Bollinger band top 
*RES 2: Sgd1.3720 - High July 17 
*RES 1: Sgd1.3647 - High Aug 9
*PRICE: Sgd1.3633 @ 2300GMT
*SUP 1: Sgd1.3614 - Low Aug 9 
*SUP 2: Sgd1.3585 - Low Aug 7 
*SUP 3: Sgd1.3549 - Low Aug 4 
*SUP 4: Sgd1.3536 - 2017 Low July 27
*COMMENTARY: The lack of follow through on 2017 lows in past weeks has seen the
pair correct back to the 21-DMA. Bulls need a close above Sgd1.3643 to confirm a
break of the 21-DMA and a shift in focus to Sgd1.3720-87 where the 55-DMA is
situated. While the 21-DMA caps bears retain an advantage but now need a close
below Sgd1.3585 to ease pressure on the 21-DMA and retain focus on fresh 2017
lows and tests of the 200-WMA (Sgd1.3450).
DOLLAR-WON TECHS: 100-DMA Support Now Key
*RES 4: Krw1147.1 - Low July 4 now resistance
*RES 3: Krw1146.8 - 200-DMA
*RES 2: Krw1140.2 - Bollinger band top
*RES 1: Krw1139.8 - High July 13
*PRICE: Krw1135.2 @ 2300GMT
*SUP 1: Krw1129.3 - 100-DMA
*SUP 2: Krw1123.0 - Low Aug 3
*SUP 3: Krw1114.3 - High July 27 now support
*SUP 4: Krw1110.5 - 2017 Low Mar 28
*COMMENTARY: Hesitation ahead of 55 (Krw1130.5) and 100-DMAs came to an end with
an aggressive rally that sees immediate focus on Krw1139.8 and overall focus on
Krw1146.8-1147.1. Overall bulls need a close above Krw1147.1 to confirm a break
of the 200-DMA and confirm focus on tests of July highs (Krw1157.8). Bears now
look for a close below the 100-DMA to ease bullish pressure and below Krw1123.0
to shift focus back to 2017 lows.
DOLLAR-MYR TECHS: Bulls Need Close Above Myr4.3087
*RES 4: Myr4.3270 - High June 28 
*RES 3: Myr4.3263 - 100-DMA 
*RES 2: Myr4.3087 - High July 10 
*RES 1: Myr4.2982 - Bollinger band top
*PRICE: Myr4.2850 @ 2100GMT
*SUP 1: Myr4.2839 - 21-DMA 
*SUP 2: Myr4.2829 - 55-DMA 
*SUP 3: Myr4.2720 - Low July 27 
*SUP 4: Myr4.2664 - Low July 19
*COMMENTARY: Hesitation ahead of the Myr4.3087 resistance is less than ideal for
bulls who look for a close above this level to shift immediate focus to
Myr4.3263-3270 where the 100-DMA is situated. Layers of support remain with
bears now needing a close below the 55-DMA to see pressure return to
Myr4.2664-2720. Overall below Myr4.2664 is needed to confirm focus on 2017 lows.
DOLLAR-CNH TECHS: Bears Focused On 100-WMA
*RES 4: Cnh6.7392 - 21-DMA 
*RES 3: Cnh6.7377 - High July 31 
*RES 2: Cnh6.7154 - Low Aug 1 now resistance 
*RES 1: Cnh6.7010 - Low Aug 8 now resistance
*PRICE: Cnh6.6919 @ 2300GMT
*SUP 1: Cnh6.6895 - 2017 Low Aug 9 
*SUP 2: Cnh6.6879 - Low Oct 5 
*SUP 3: Cnh6.6775 - 100-WMA 
*SUP 4: Cnh6.6413 - Monthly Low Sept 16
*COMMENTARY: Bears reconfirmed focus on tests of the 100-WMA with fresh 2017 &
10mth lows that leave the pair looking heavy. The Bollinger base (Cnh6.6950) is
the key concern for bears. Bulls need a close above Cnh6.7154 to ease immediate
bearish pressure and above Cnh6.7483 to confirm a break of the 21-DMA and a
shift in focus back to Cnh6.7725-7895 where the 55-DMA (Cnh6.7765) is situated.
DOLLAR-PHP TECHS: Topside Follow Through Lacking
*RES 4: Php50.941 - Bollinger band top 
*RES 3: Php50.840 - High July 25 
*RES 2: Php50.730 - High July 26 
*RES 1: Php50.680 - High Aug 9
*PRICE: Php50.575 @ 2300GMT
*SUP 1: Php50.550 - Low Aug 9 
*SUP 2: Php50.485 - High Aug 2 now support 
*SUP 3: Php50.250 - Low Aug 7 
*SUP 4: Php50.182 - Bollinger band base
*COMMENTARY: The recovery from the dip below the 55-DMA (Php50.232) has resulted
in a close above the 21-DMA (Php50.562) but the lack of follow through is a
concern for bulls. The Php50.485-550 support region is now key. Bears need a
close below Php50.485 to ease bullish pressure and shift focus back to
Php50.103-250 where 55 & 100-DMAs are situated. Bulls now need a close above
Php50.680 to confirm a bullish bias targeting 2017 highs.
DOLLAR-THB TECHS: Above 21-DMA To Gain Breathing Room
*RES 4: Thb33.70 - High July 20 
*RES 3: Thb33.53 - High July 26 
*RES 2: Thb33.42 - 21-DMA 
*RES 1: Thb33.41 - High July 27
*PRICE: Thb33.23 @ 2300GMT
*SUP 1: Thb33.19 - 2017 Low Aug 9 
*SUP 2: Thb33.13 - Low May 5 2015 
*SUP 3: Thb33.05 - Bollinger band base 
*SUP 4: Thb32.98 - Monthly Low May 1 2015
*COMMENTARY: Daily studies looking to correct from O/S remain the key concern
for bears which makes hesitation around recent 2017 lows a concern. In saying
that, bulls now need a close above the 21-DMA to gain breathing room and above
Thb33.53 to hint at a correction back to Thb33.78-88 where the 55-DMA is
located. Bears need a close below Thb33.13 to reconfirm the bearish bias and
initially target May 2015 monthly lows.
DOLLAR-IDR TECHS: Idr13295 & Idr13348 Levels Remain Key
*RES 4: Idr13410 - High July 7 & 10 
*RES 3: Idr13380 - Low July 11 now resistance 
*RES 2: Idr13348 - High July 13 
*RES 1: Idr13339 - 200-DMA
*PRICE: Idr13323 @ 2300GMT
*SUP 1: Idr13298 - Bollinger band base 
*SUP 2: Idr13295 - Low July 19 
*SUP 3: Idr13270 - Low Apr 26 
*SUP 4: Idr13245 - 2017 Low Apr 13
*COMMENTARY: Sideways trading within a Idr13270-13348 range continues with bulls
needing a close above Idr13348 to confirm a break of the 200-DMA and shift focus
back to Idr13380-13415. Bears continue to look for a close below Idr13295 to
gain traction below key DMAs and shift focus back to Idr13245-13270 where 2017
and monthly lows are located. Narrowing Bollinger bands are suggestive of a
break out in the near future.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]