CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Price Signal Summary - S&P E-Minis Remain Above The 20-Day EMA

MARKET INSIGHT
  • In the space, S&P E-minis are firmer today and have found support ahead of the 20-day EMA that intersects at 4473.93. The underlying trend condition remains bullish with the focus on 4591.25, 1.00 projection of the Jul 19 - Aug 16 - 19 price swing. A break of the 20-day EMA would signal scope for a deeper pullback. EUROSTOXX 50 futures have also found support and defined a key short-term parameter at 4132.50, Sep 9 low . A clear break of this level would expose 4078.00, Aug 19 low. The bull trigger is at 4252.00, Sep 6 high.
  • In the FX space, EURUSD remains below the Sep 3 high of 1.1909. Support has been found at 1.1802, Sep 8 low where a break is required to signal scope for a deeper pullback. The trigger for a resumption of gains is 1.1909, the Jul 30 , Sep 3 high. GBPUSD maintains a short-term bullish tone and is firmer today as the recovery from Wednesday's low extends. The trigger for stronger gains is 1.3892, Sep 3 high. Key short-term support has been defined at 1.3727, Sep 8 low.
  • On the commodity front, Gold has pulled back from recent highs. The near-term outlook remains bullish with the key trigger for an extension higher at $1834.1, Jul 15 high. Support to watch is $1774.5, Aug 19 low. A break would threaten a bull theme. WTI futures remain in a bull mode. The focus is on $70.74, 76.4.% retracement of the Jul 30 - Aug 23 sell-off.
  • In FI, Bund futures remain vulnerable following Tuesday's sharp sell-off and yesterday's gains appear corrective in nature. The focus is on 171.30, 2.382 projection of the Aug 5 - 11 - 17 price swing. Resistance to watch is 172.76, Sep 2 and 3 high. Gilt futures remain in a bear mode following this week's breach of support at 128.03, the Jul 6 low (cont). This opens 127.65, 61.8% of the Jun 3 - Aug rally (cont).
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeAT&T Market NewsBank of America Market NewsBulletMarketsFixed 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.