MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

US Treasury Auction Calendar

Coming up in the Asia-Pac session on Monday

MNI DATA FORECASTS: RBA, Riksbank In Focus

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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AUSTRALIA

RBA Focus Of The Week; 25bp Hike Expected, Forecasts On Friday

CNH

USD/CNH Back Above 6.8000, US-China Relations In Focus

RATINGS

Affirmations Across The Board On Friday

NEW ZEALAND

Markets Closed On Monday

AUD

AUDUSD Lower Again In Early Trading On Weaker Commodities

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Strong Rally Exposes Key Resistance

GOLD TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $1765.5 - High Aug 25
  • RES 3: $1745.6 - High Aug 29
  • RES 2: $1729.5 - High Oct 4 and the bull trigger
  • RES 1: $1716.9 - High Nov 8
  • PRICE: $1712.0 @ 07:19 GMT Nov 9
  • SUP 1: $1662.8 - 20-day EMA
  • SUP 2: $1615.0 - Low Sep 28 and a bear trigger
  • SUP 3: $1610.5 - 1.00 proj of the Jun 13 - Jul 21 - Aug 10 swing
  • SUP 4: $1600.00 - Round number support

Gold found support Tuesday and rallied sharply higher. This confirms an extension of the rally from $1616.7, the Nov 3 low. The yellow metal is trading above both the 20- and 50-day EMAs and attention turns to resistance at $1729.5, the Oct 4 high and a bull trigger. A break of this hurdle would strengthen bullish conditions. On the downside, support is at $1662.8, the 20-day EMA.

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  • RES 4: $1765.5 - High Aug 25
  • RES 3: $1745.6 - High Aug 29
  • RES 2: $1729.5 - High Oct 4 and the bull trigger
  • RES 1: $1716.9 - High Nov 8
  • PRICE: $1712.0 @ 07:19 GMT Nov 9
  • SUP 1: $1662.8 - 20-day EMA
  • SUP 2: $1615.0 - Low Sep 28 and a bear trigger
  • SUP 3: $1610.5 - 1.00 proj of the Jun 13 - Jul 21 - Aug 10 swing
  • SUP 4: $1600.00 - Round number support

Gold found support Tuesday and rallied sharply higher. This confirms an extension of the rally from $1616.7, the Nov 3 low. The yellow metal is trading above both the 20- and 50-day EMAs and attention turns to resistance at $1729.5, the Oct 4 high and a bull trigger. A break of this hurdle would strengthen bullish conditions. On the downside, support is at $1662.8, the 20-day EMA.