MNI China Daily Summary: Tuesday, April 2

MNI BRIEF: China to Incentivise Equipment Upgrades, Trade-Ins

MNI: PBOC Drains Net CNY148 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0957 Tues; -4.95% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.0957 TUES VS 7.0938

MNI: US REDBOOK: MAR STORE SALES +3.9% V YR AGO MO

Services CPI Accelerates To 3.7% Y/Y In Line With MNI's Tracking

MNI: GERMANY MAR CPI +2.2% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

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

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(U1) In A Range

EUROSTOXX50 TECHS
  • RES 4: 4341.40 1.382 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 3: 4294.20 1.236 proj of the May 13 - Jun 17 - Jul 19 price swing
  • RES 2: 4272.53 2.0% 10-dma envelope
  • RES 1: 4211.00/52.00 High Sep 13 / High Sep 6 and the bull trigger
  • PRICE: 4194.50 @ 05:49 BST Sep 17
  • SUP 1: 4132.50 Low Sep 9
  • SUP 2: 4078.00 Low Aug 19 and the bear trigger
  • SUP 3: 4026.20 76.4% retracement of the Jul 19 - Aug 13 rally
  • SUP 4: 3944.00 Low Jul 21

EUROSTOXX 50 futures remain in a range. The contract traded to a fresh trend high of 4252.00 on Sep 6 that reinforced the primary uptrend. This opens 4294.20, 1.236 projection of the May 13 - Jun 17 - Jul 19 swing. Price has however since retreated and a corrective phase is playing out. Attention remains on 4138.50, Aug 26 low. It has been probed, a clear break would open 4078.00, Aug 19 low and key support. 4132.50 is the S/T bear trigger.

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Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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