MNI BRIEF: Fed's Barkin Not In Hurry To Make Cut Decision

MNI China Daily Summary: Friday, March 1

MNI BRIEF: PBOC To Support Foreign Visitors' Digital Payments

RPT-MNI POLICY: G20 CenBanks Worried By Optimistic Markets

(CORRECTED) MNI: IMF Not Expecting Persistent China Deflation

MNI BRIEF: Caixin Feb Manufacturing PMI Edges Up To 50.9

Pill: "The time for cutting Bank Rate remains some way off"

HICP Below Consensus, But Services Disinflation Muted

Unemployment Rate Steady At Multi-Year Lows

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U0) Weaker, But Well Away From Last Week’s Low

SCHATZ TECHS
  • RES 4: 112.341 1.236 projection of Jun 5 - 26 rally from Jul 27 low
  • RES 3: 112.280 1.00 projection of Jun 5 - 26 rally from Jul 27 low
  • RES 2: 112.274 76.4% retracement of the May - Jun sell-off (cont)
  • RES 1: 112.196 61.8% retracement of the May - Jun sell-off (cont)
  • PRICE: 112.120 @ 06:18 BST Aug 7
  • SUP 1: 112.090 Low Jul 29
  • SUP 2: 112.045 Low Jul 28
  • SUP 3: 112.020 Low Jul 27 and key support
  • SUP 4: 111.975 Low Jun 11

Schatz futures returned to the midpoint of the recent range ahead of the Thursday close, stopping short of any bearish breakout. This keeps focus on 112.195 initially, a break above which would open 112.274 Fib resistance and extend the current uptrend and open levels not seen since May for the continuation contract. On the downside, support is at 112.090, Jul 29 low. This coincides with the 200-dma which, if broken, would mark down the outlook.

BulletMarketsFixed Income BulletsFixed Income Technical Analysis

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.