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

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

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 - Recovery In Bunds Leaves Support At The 20-Day EMA Intact

OUTLOOK
  • In the FI space, Bund futures remain volatile and the contract has recovered from its intraday low of 133.33. The bounce leaves support at 133.19 intact, the 20-day EMA, where a break is required to signal scope for a deeper retracement from Monday’s high. A continuation higher would expose the key resistance and bull trigger at 137.24, the Mar 13 high. On the downside, weakness below 133.19 would instead expose 132.98,61.8% retracement of the Mar 2 - 13 rally.
  • Gilt futures remain volatile and the contract has recovered from today’s 103.12 low. The pullback from Monday’s high is considered corrective and has allowed a short-term overbought condition to unwind. Support to watch is 101.87, a Fibonacci retracement. A break of this level would signal scope for a deeper pullback and undermine the recent bull theme. Key resistance is at 106.20, Mar 13 high. First resistance is 104.62 61.8% retracement of Tuesday’s sell-off.
Homepagemarkets-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.