MNI China Daily Summary: Thursday, February 2

MNI BRIEF: BOJ Needs More Than One-Off Wage Hikes -Wakatabe

MNI BRIEF: BOJ's Wider YCC Band Weakens Easy Policy- Wakatabe

MNI: GERMANY DEC TRADE BALANCE 10.0B (FCST 9.3B); NOV 10.9B

Australia Dec Total Dwellings Approval +18.5%

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(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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FRANCE AUCTION RESULTS

LT OATs (adding stop prices)

FRANCE AUCTION RESULTS

LT OATs

COMMODITIES

Gold Clears January Resistances, Reaches Near 10-Month High Post-Fed

EQUITIES

E-Mini S&P Trend Points North Ahead of Key CBs and Earnings Reports

SPAIN AUCTION RESULTS

Relatively strong auction

BONDS

Gilt/Bund spread test 95.00bps

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SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $23.567 - High Apr 29
  • RES 3: $23.360 - 61.8% retracement of the Mar - Sep bear leg
  • RES 2: $22.517 - High Jun 6
  • RES 1: $22.252 - 50.0% retracement of the Mar - Sep bear leg
  • PRICE: $21.555 @ 07:26 GMT Nov 16
  • SUP 1: $20.482 - 20-day EMA
  • SUP 2: $19.914 - 50-day EMA
  • SUP 3: $18.835/17.967 - Low Nov 3 / Low Sep 28
  • SUP 4: $17.562 - Low Sep 1 and bear trigger

The Silver outlook is unchanged and near-term conditions remain bullish. The metal rallied sharply higher on Nov 4 and bulls haven’t looked back. Price has breached resistance at $21.242, the Oct 4 high. The break strengthens bullish conditions and highlights a positive price sequence of higher highs and higher lows on the daily chart. This opens $22.253, a Fibonacci retracement. On the downside, support is seen at $20.482, the 20-day EMA.

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  • RES 4: $23.567 - High Apr 29
  • RES 3: $23.360 - 61.8% retracement of the Mar - Sep bear leg
  • RES 2: $22.517 - High Jun 6
  • RES 1: $22.252 - 50.0% retracement of the Mar - Sep bear leg
  • PRICE: $21.555 @ 07:26 GMT Nov 16
  • SUP 1: $20.482 - 20-day EMA
  • SUP 2: $19.914 - 50-day EMA
  • SUP 3: $18.835/17.967 - Low Nov 3 / Low Sep 28
  • SUP 4: $17.562 - Low Sep 1 and bear trigger

The Silver outlook is unchanged and near-term conditions remain bullish. The metal rallied sharply higher on Nov 4 and bulls haven’t looked back. Price has breached resistance at $21.242, the Oct 4 high. The break strengthens bullish conditions and highlights a positive price sequence of higher highs and higher lows on the daily chart. This opens $22.253, a Fibonacci retracement. On the downside, support is seen at $20.482, the 20-day EMA.