-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
Price Signal Summary - S&P E-Minis Trend Needle Still Points North
- In the equity space, S&P E-Minis traded higher again Thursday. This reinforces bullish conditions and attention is on 4272.35, the 1.764 projection of the Jun 17 - 28 - Jul 14 price swing. On the downside, initial trend support is at 4080.50, the Aug 2 low. The short-term uptrend in EUROSTOXX 50 futures remains intact and the contract is trading closer at its recent highs. The focus is on 3840.00, the Jun 6 high. Initial firm support to watch is 3618.80, the 50-day EMA.
- In FX, EURUSD traded higher Wednesday and briefly traded above the bear channel top, currently at 1.0335. The channel is drawn from the Feb 10 high. 1.0335 and Wednesday’s high of 1.0368 marks a key resistance zone and a clear break would strengthen bullish conditions and confirm a clear channel breakout. Note that a deeper pullback and a breach of 1.0123, the Aug 3 low, would instead signal a reversal inside the channel. A bullish short-term theme in GBPUSD remains intact and Wednesday’s gains reinforce this theme. The focus is on 1.2293, the Aug 1 high. Watch support at 1.2004, the Aug 5 low, a break would be bearish. USDJPY traded sharply lower Wednesday. This signals a reversal of the recent correction between Aug 2 - 8. A continuation lower would expose 130.41, the Aug 2 low and the bear trigger. Firm resistance has been defined at 135.58, the Aug 8 high.
- On the commodity front, Gold traded higher Wednesday and did breach trendline resistance at $1794.6. The trendline is drawn from the Mar 8 high and the break represents an important technical breach plus highlights a stronger bullish reversal. Clearance of Wednesday’s $1807.9 high would reinforce bullish conditions and confirm a break of the trendline. Key support to watch is at $1754.4 the Aug 3 low. In the Oil space, WTI futures traded higher yesterday and the contract cleared $92.65, the Aug 9 high. This signals scope for a bullish extension towards $97.97, the 50-day EMA.
- In the FI space, Bund futures traded lower Thursday. The latest retracement is still considered corrective and the short-term trend direction is up. A resumption of gains would open 159.79, Apr 4 high (cont). Initial support is 154.75, Jul 28 low. First resistance is at 157.74, Aug 10 high. The trend direction in Gilts remains up and the recent pullback is considered corrective. However, futures have managed to break support at 116.79, a trendline drawn from the Jun 16 low. This has exposed 114.86, 50.0% retracement of the Jun 16 - Aug 2 upleg. Resistance to watch is at 118.10, Aug 10 high.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.