BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

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

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Price Signal Summary - Gilts Test Resistance

OUTLOOK
  • In the FI space, Bund futures are holding on to the bulk of their latest gains. The recent rally suggests the current bull cycle is likely to extend. The contract has breached resistance at 136.16, the Jan 5 / 8 high. A continuation higher would open 136.82, 61.8% of the Dec 27 - Jan 25 bear leg. On the downside a reversal lower would instead refocus attention on the key support at 133.55, the Jan 25 low.
  • The trend needle in Gilt futures traded higher yesterday. The contract has this week breached resistance at the 20-day EMA, at 99.51. The break signals potential for an extension of the current corrective cycle and this has exposed resistance at 100.76, 50.0% of the Dec 27 - Jan 25 bear leg. Key support and the bear trigger has been defined at 97.57, the Jan 25 low. Initial support is at 98.79, the Jan 30 low.
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