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 BRIEF: Size Of June Cut Still Undecided -BCB's Campos Neto

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

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

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 - Gold Bulls Remain In The Driver's Seat

OUTLOOK
  • In the equity space, S&P E-Minis remain in an uptrend and the contract is holding on to its recent gains. Price has cleared the 50-day EMA and this has strengthened the short-term bullish condition. The focus is on 4043.00 next, the Dec 15 high. Key support and the bear trigger is at 3788.50, the Dec 22 low. Initial support is at 3891.50, the Jan 10 low.
  • EUROSTOXX 50 futures bullish conditions remain intact and the contract traded higher Monday. Futures have recently cleared resistance at 4043.00, the Dec 13 high and a bull trigger. The break represents a positive development and paves the way for gains towards 4215.00 next, the 2.00 projection of the Sep 29 - Oct 4 rise from the Dec 20 low. Initial firm support is at 3998.70, the 20-day EMA.
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Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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