MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI BRIEF: Slow Rate Hikes Expected - BOJ's Noguchi

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -5.02% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1025

MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

MNI:AUSTRALIA MAR UNEMPLOYMENT RATE +3.8%

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

US Treasury Auction Calendar

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Bunds And Gilts Head North

MARKET INSIGHT
  • In the equity space, the E-mini S&P (U1) broader uptrend has resumed, with new all time highs printed Thursday. The break confirms a resumption of the broader uptrend and opens, 4264.41, a Fibonacci projection. Further out, the break higher also exposes 4300.00 next. Initial firm support is at 4155.00, Jun 3 low. The broader medium-term trend support is at 4020.00, May 13 low.
  • In the FX space, EURUSD still appears vulnerable. The focus is on 1.2111, the 50-day EMA and 1.2104, Jun 4 low. This zone represents a key short-term support. GBPUSD recovered Thursday however the pair remains in a range. Key support lies at the May 13 low at 1.4006 while the 50-day EMA is just above at 1.4034. The outlook remains bullish while these levels hold. Recent USDJPY weakness resulted in a probe of support at 109.33, Jun 1 low. The pair is consolidating, however a clear break lower would threaten the recent uptrend and expose 108.56, May 25 low. 110.33, Jun 4 high is the bull trigger.
  • On the commodity front, Gold key short-term directional triggers are unchanged. These are; $1916.6, the Jun 1 high and bull trigger and $1856.2, the Jun 4 low. Trend conditions in oil remain bullish and price has traded higher this week. Brent (Q1) gains have opened $73.00 next, a round number resistance. WTI (N1) is holding onto recent highs. The focus is on $70.92, 2.764 projection of Mar 23 - 30 - Apr 5 price swing
  • Within FI,Bunds (U1) have this week topped the 50-day EMA at 172.00 and trend structures appear bullish. The contract is trading higher today and the focus is on 173.32 next, 76.4% of the Mar 25 - May 19 sell-off. Gilts (U1) traded higher Wednesday and cleared 127.74/82, the highs between Apr 20 and May 26. This opens 128.50, 1.00 projection of the May 13 - 26 - Jun 3 price swing.
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.