MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Resend: (H1) Attention Remains On 112.330 Resistance

SCHATZ TECHS
  • RES 4: 112.390 High Dec 16
  • RES 3: 112.368 61.8% retracement of the Dec 11 - 28 downleg
  • RES 2: 112.350 High Dec 21 / 22
  • RES 1: 112.330 High Jan 4 / 5 / 15 and a reversal trigger
  • PRICE: 112.290 @ 05:10 GMT Jan 19
  • SUP 1: 112.270 Low Jan 14
  • SUP 2: 112.240 Low Jan 12
  • SUP 3: 112.235 Low Dec 23 and the bear trigger
  • SUP 4: 112.210 Low Sep 1 (cont)

Schatz futures maintain a firmer tone despite the most recent pullback. The near-term focus is on 112.330, Jan 4 and 5 highs and the Jan 15 intraday high. A break of this level would strengthen a bullish case and also highlight a potential reversal exposing initially the resistance at 112.350, the Dec 21 and 22 high. On the downside, key support is at 112.235, Dec 28 low. A break would resume the downtrend.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income 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.