MNI BRIEF: China Local Govs To Speed Up Fiscal Spending

MNI: PBOC Net Drains CNY886.9 Bln via OMO Tuesday

MNI: China CFETS Yuan Index Down 0.14% In Week of Sep 30

MNI: PBOC Sets Yuan Parity Higher At 7.0709 Tues; +4.18% Y/Y

CHINA PBOC CONDUCTS CNY41.7 BLN VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0709 TUES VS 7.0074

MNI JAPAN AUG HOUSEHOLD SPENDING -1.9% Y/Y; JULY +0.1%

MNI: UK BRC SEP BY VALUE SHOP SALES LFL +1.7% YY, TOTAL +2% YY

MNI: US AUG CONSUMER CREDIT +$8.9B

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

Short-Term Trend Needle Points South

EURGBP TECHS
  • RES 4: 0.8768 High Nov 20
  • RES 3: 0.8715 High Dec 28 and the bull trigger
  • RES 2: 0.8676 High Jan 3
  • RES 1: 0.8639 50-day EMA
  • PRICE: 0.8608 @ 06:09 GMT Jan 16
  • SUP 1: 0.8586 Low Jan 12
  • SUP 2: 0.8571 Low Dec 15
  • SUP 3: 0.8549 Low Dec 11 and the bear trigger
  • SUP 4: 0.8524 Low Sep 5

EURGBP is consolidating. A short-term bear threat remains present and the cross is trading closer to its recent lows. The break of the 50-day EMA earlier this month strengthens a bearish theme and a continuation lower would open 0.8571, the Dec 15 low, ahead of key support at 0.8549, the Dec 11 low. On the upside, key resistance has been defined at 0.8715, the Dec 28 high. The 50-day EMA, at 0.8639, is the initial firm resistance to watch.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign 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.