UK SEP MANUFACTURING PMI 51.5 (FLASH 51.5, AUG 52.5)

MNI BRIEF: Riksbank Minutes Show Focus On Inflation Undershoot

FRANCE SEP MANUFACTURING PMI 44.6 (FLASH 44.0, AUG 43.9)

FED'S POWELL: COMMITTEE NOT IN A HURRY TO CUT RATES QUICKLY

MNI NBP WATCH: Policy Hold As Data Shows Inflation Persisting

MNI China Daily Summary: Monday, September 30

MNI: EUROZONE SEP FLASH HICP +1.8% Y/Y

EUROZONE SEP MANUFACTURING PMI 45.0 (FLASH 44.8, AUG 45.8)

SPAIN SEP MANUFACTURING PMI 53.0 (FCAST 50.2, AUG 50.5)

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

Price Signal Summary - S&P E-Minis Structure Remains Bullish

OUTLOOK
  • In the equity space S&P E-Minis maintain a firmer tone. The contract traded sharply higher Tuesday, and is holding on to this week’s gains. Resistance at 4415.25, a trendline drawn from the Jul 27 high, has been cleared. This reinforces bullish conditions and signals scope for gains towards 4552.38, a Fibonacci retracement. On the downside, initial firm support is seen at 4387.01, the 20-day EMA.
  • A short-term bull cycle in EUROSTOXX 50 futures remains intact and the contract is trading higher today. Price has recently cleared resistance at both the 20- and 50-day EMAs - a bullish development. Note that Tuesday’s gains resulted in a breach of resistance at 4256.00, the Oct 12 high. The focus is on 4359.00, the Sep 15 high. A break would open 4388.00, the Aug 30 high. Initial firm support to watch is at 4190.30, the 20-day EMA.
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.