MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

CBI Price Expectations for Three Months Ahead Lowest Since December 2020

MNI: UK JUL CBI INDUSTRIAL TRENDS TOTAL ORDERS -32

Broad-Based IFO Weakness Reinforces Narrative of Recovery Stall

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Gilt Futures Uptrend Intact

OUTLOOK
  • In the FI space, Bund futures traded higher Wednesday, delivering a high print of 140.86. Price is above the 50-day EMA at 139.91. A clear breach of this average would 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 - it intersects at 138.49.
  • Gilt futures remain in a short-term uptrend and this was confirmed once again Wednesday as the contract resumed its uptrend. This marks an extension of the latest bounce from 99.92, the Nov 8 low. Last week’s break of 104.39, Oct 27 high, confirmed a recent bull flag formation on the daily chart, reinforcing bullish conditions. This has opened 108.59, 61.8% of the Aug 2 - Oct 12 bear leg (cont). Initial firm support lies at 102.60, the 50-day EMA.
Fixed Income 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.