CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

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

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

MNI: CANADA JUN INDUSTRIAL PRICES +0.0% MOM; EX-ENERGY +0.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Tech Focus: Price Signal Summary - Monitoring The S&P E-Minis Directional Triggers

MARKET INSIGHT
  • In the equity space, S&P E-minis key directional triggers remain intact. They are; support at 4110.50, Apr 21 low and resistance at 4183.50, Apr 16 high.
  • In the FX world, a gravestone doji in EURUSD Tuesday warns of a possible top. Key short-term resistance is at Tuesday's high of 1.2080. With the pair firmer this morning, a break of 1.2080 is required to trigger stronger gains that would open 1.2116/22, 76.4% of the Feb 25 - Mar 31 sell-off and the bear channel top drawn off the Jan 6 high. Key support to watch is 1.1943, Apr 19 low. GBPUSD remains below this week's high of 1.4009 from Tuesday and close to the former bear channel base drawn off the Nov 2, 2020 low. A bearish risk dominates while 1.4009 remains intact. Support to watch is at 1.3810, Apr 19 low. USDJPY is sitting on key support at 107.77, a trendline support drawn off the Jan 6 low. This represents a key short-term pivot level.
  • On the commodity front, Gold maintains a bullish tone. The focus is on $1805.7, Feb 25 high. Brent (M1) remains below Tuesday's high of $68.08. Key support to watch is $63.31, the 50-day EMA. WTI (M1) found resistance this week at $64.38, Tuesday's high. The 50-day EMA at $59.99 is seen as a firm intraday support.
  • In the FI space, Bunds (M1) have tested the 20-day EMA. A clear breach of this average would open 171.62, Apr 14 high. Support to watch in Gilts (M1) remains 127.81, Apr 14 low. The key resistance is at 129.27, Mar 2 high and the reversal trigger.
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-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.