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GILT PAOF RESULTS

GBP562.500mln of the 0.25% Jul-31 gilt sold

US TSYS

Repo Reference Rates -- SOFR Dips to 0.03%

30 October 2017
By Kyle Shortland
     
Click below for today's MNI FX Technical Analysis Report -
http://tinyurl.com/pzkomnu
DOLLAR-SING TECHS: Sgd1.3720 Resistance Key This Week
*RES 4: Sgd1.3787 - High July 13 
*RES 3: Sgd1.3720 - High July 17 
*RES 2: Sgd1.3688 - Bollinger band top 
*RES 1: Sgd1.3677 - Hourly resistance Oct 27
*PRICE: Sgd1.3652 @ 2300GMT
*SUP 1: Sgd1.3536 - 100-DMA 
*SUP 2: Sgd1.3591 - 21-DMA 
*SUP 3: Sgd1.3559 - 55-DMA 
*SUP 4: Sgd1.3548 - Low Oct 19
*COMMENTARY: The 21-DMA supported and provided the base for a bounce towards
Sgd1.3720 only to be rejected and lack follow through. The pair remains heavy
with bears needing a close below the 100-DMA to ease bullish pressure and shift
focus back to Sgd1.3546-91. Bulls now look for a close above Sgd1.3677 to ease
pressure on the 100-DMA. Above Sgd1.3720 shift focus to Sgd1.3776-1.3830 where
the bull channel top and 200-DMA (Sgd1.3830) are situated.
DOLLAR-WON TECHS: 200-DMA Resistance Key This Week
*RES 4: Krw1137.7 - 200-DMA
*RES 3: Krw1135.0 - High Oct 23
*RES 2: Krw1133.3 - 21-DMA
*RES 1: Krw1132.1 - 55-DMA
*PRICE: Krw1130.5 @ 2300GMT
*SUP 1: Krw1125.8 - High Oct 26 now support
*SUP 2: Krw1121.5 - Bollinger band base
*SUP 3: Krw1121.2 - Low Aug 30
*SUP 4: Krw1119.0 - Low Aug 28
*COMMENTARY: Bears failed to capitalise on the break below Krw1125.1 last week
with a gapping move higher Friday seeing the pair again flirting with key DMAs.
The 200-DMA is key resistance this week with bulls needing a close above to
shift initial focus to Krw1143.0-1150.0 and overall focus back to Krw1157.8 July
highs. The Krw1119.0 support remains key with bears needing a close below to
confirm focus on tests of 2017 lows.
DOLLAR-MYR TECHS: 100-DMA Capped Last Week
*RES 4: Myr4.2860 - High Aug 30 
*RES 3: Myr4.2680 - High Sept 5 
*RES 2: Myr4.2596 - 100-DMA 
*RES 1: Myr4.2558 - High Oct 26
*PRICE: Myr4.2420 @ 2300GMT
*SUP 1: Myr4.2120 - Low Oct 23 
*SUP 2: Myr4.2062 - Low Oct 16 
*SUP 3: Myr4.1940 - Low Oct 13 
*SUP 4: Myr4.1870 - Low Sept 20
*COMMENTARY: The 100-DMA caped rallies last week with bulls needing a close
above Myr4.2680 to confirm a break and hint at a move back to Myr4.3112-3293
where the 200-DMA is noted. Bulls look for a close above My4.2860 to add support
to their case. Bears continue to look for a close below Myr4.2120 to shift focus
back to Myr4.1800-1940 following the lack of downside follow through Friday.
DOLLAR-CNH TECHS: Bears Need Close Below Cnh6.5923
*RES 4: Cnh6.6904 - High Oct 3 
*RES 3: Cnh6.6897 - Bollinger band top 
*RES 2: Cnh6.6812 - 100-DMA 
*RES 1: Cnh6.6651 - High Oct 27
*PRICE: Cnh6.6466 @ 2300GMT
*SUP 1: Cnh6.6235 - 21-DMA
*SUP 2: Cnh6.6098 - 55-DMA
*SUP 3: Cnh6.5923 - High Oct 11 now support
*SUP 4: Cnh6.5568 - Low Oct 11
*COMMENTARY: Bulls take comfort in gains last week with support emerging ahead
of the 21-DMA and focus having returned to the Cnh6.6812-6.6904 region where the
100-DMA is noted. The Cnh6.5923 support remains key this week with bears needing
a close below to confirm breaks of 21 & 55-DMAs easing renewed bullish pressure
and below Cnh6.5568 to initially pressure Cnh6.5053.
DOLLAR-PHP TECHS: Bulls Focused On Php52.085
*RES 4: Php52.560 - Low July 18 2006 now resistance 
*RES 3: Php52.399 - Daily Bull channel top 
*RES 2: Php52.085 - Monthly Low July 10 2006 now resistance 
*RES 1: Php51.850 - 2017 High Oct 27
*PRICE: Php51.760 @ 2300GMT
*SUP 1: Php51.630 - High Oct 3 now support 
*SUP 2: Php51.350 - Low Oct 18 
*SUP 3: Php51.333 - 21-DMA 
*SUP 4: Php51.160 - Low Oct 10
*COMMENTARY: Hesitation ahead of 2017 highs came to an end with a close above
Php51.700 shifting bullish focus to layers of resistance Php52.085-560 where the
bull channel top is noted. The Bollinger top (Php51.867) and studies approaching
O/B are key concerns for bulls. Bears need a close below Php51.630 previous 2017
highs to ease bullish pressure and hint at a correction back to Php51.138-350
where 21 & 55-DMAs are situated.
DOLLAR-THB TECHS: Thb33.10 Support Now Key
*RES 4: Thb33.54 - High Oct 3 
*RES 3: Thb33.45 - Bollinger band top 
*RES 2: Thb33.41 - 100-DMA 
*RES 1: Thb33.35 - High Oct 27
*PRICE: Thb33.21 @ 2300GMT
*SUP 1: Thb33.10 - Low Oct 26 
*SUP 2: Thb33.01 - 2017 Low Sept 7 & 8, Oct 16 
*SUP 3: Thb32.98 - Monthly Low May 1 2015 
*SUP 4: Thb32.52 - Low Apr 27 2015
*COMMENTARY: The break of Thb33.25 has so far lacked follow through but is
enough to see bulls now focused on Thb33.35-41 where the 100-DMA is located.
Bears now need a close below Thb35.10 to confirm a false break higher and see
immediate focus return to 2017 lows and the Thb32.98-33.01 region as a whole.
Daily studies have room to move before O/B becomes an issue.
DOLLAR-IDR TECHS: Bull Channel Base Guiding Higher
*RES 4: Idr13825 - High Feb 3 2016 
*RES 3: Idr13813 - Daily Bull channel top 
*RES 2: Idr13698 - Monthly High June 2 2016 
*RES 1: Idr13640 - 2017 High Oct 27
*PRICE: Idr13613 @ 2300GMT
*SUP 1: Idr13600 - High Oct 26 now support 
*SUP 2: Idr13573 - Daily Bull channel base 
*SUP 3: Idr13519 - 21-DMA 
*SUP 4: Idr13500 - Low Oct 23
*COMMENTARY: Bulls take comfort as the daily bull channel base continues to
guide the pair higher with fresh 2017 and 16mth highs seeing bulls initially
focus on Idr13698 with overall focus on Idr13813-820 where the daily bull
channel top is located. Bears now need a close below Idr13600 to ease immediate
bullish pressure and below the channel base to pressure the 21-DMA. The
Bollinger top (Idr13592) is the key concern for bulls and limits follow through.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]