MNI: PBOC Net Drains CNY111.2 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1307 Weds; +2.41% Y/Y

CHINA PBOC CONDUCTS CNY258 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1307 WEDS VS 7.1325

China Repo Rates Rise On Tuesday

MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

MNI: UK JUL PSNCR GBP19.23 BN

UK Public Sector Finance Due at 7:00 BST

August Exports On Solid Footing,  Country Detail Shows Double Digit Y/Y Pace

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Oil Dips After A Two Day Surge

COMMODITIES
  • Crude oil prices are currently down -0.5 to -1% on a volatile day with risk off sentiment emerging. WTI remains up 8% ytd.
  • WTI is -1% at $81.8, not troubling resistance levels for once after two strong days. Resistance is eyed at $83.10 (Jan 12 high) with key short-term support at $77.83 (Jan 10 low).
  • The most active strikes in the Feb’22 contract today have been $80/bbl puts.
  • Brent is -0.6% at $84.16, falling back from initial resistance at $85.21 (Jan 12 high) with initial firm support at $80.50 (Jan 10 low).
  • Gold meanwhile gives back yesterday’s gains, -0.25% at $1821.1. Resistance remains at $1831.9 (Jan 3 high) with support at $1800.2 (Jan 11 low).
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