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 BRIEF: Japan Oct Real Wages Unchanged Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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 bull cycle still in play

OUTLOOK
  • In the equity space, S&P E-Minis maintains a bullish tone and the contract is holding on to the bulk of its recent gains. This week’s climb has resulted in a break of; 3820.00, the Oct 5 high and the 50-day EMA, at 3831.76. This has strengthened the short-term bullish condition and signals scope for a climb towards 3923.88, 50.0% of the Aug 16 - Oct 13 downleg. Key short-term support has been defined at 3641.50.
  • The short-term condition in EUROSTOXX 50 futures maintains a firmer tone. A number of key resistance levels have recently been cleared. Price is through trendline resistance drawn from the Aug 17 high and is trading above the 50-day EMA. This signals scope for an extension higher towards 3678.00 next, the Sep 13 high and a key short-term resistance. Firm support is seen at the 50-day EMA. The average intersects at 3483.70.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed 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.