MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Price Signal Summary - Bund Trend Needle Points North

OUTLOOK
  • In the FI space, Bund futures traded sharply higher Thursday. The short-term outlook remains bullish despite Friday’s move lower. Price has recently pierced the 50-day EMA at 139.99. A clear break of this average would threaten the recent bearish theme and highlight a stronger short-term reversal. This would open 140.92, the Oct 28 high and 142.87, the Oct 4 high. The 20-day EMA marks initial support, at 138.15 today.
  • Gilt futures remain in a short-term uptrend and last week’s gains reinforce bullish conditions. The contract has cleared 104.39, Oct 27 high and confirmed a resumption of the uptrend. This has also confirmed a recent bull flag pattern on the daily chart. A continuation higher would open 106.25, Sep 12 high. Key support is at 99.92, the Nov 8 low. Initial support is at 102.26, the 50-day EMA.
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