CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(U1) Key Resistance Remains Intact

GILT TECHS
  • RES 4: 128.10 2.500 projection of the May 13 - 19 price swing
  • RES 3: 127.89 2.236 proj of the May 13 - 19 price swing
  • RES 2: 127.74/82 High May 7, 26 / High Apr 20 and a key resistance
  • RES 1: 127.60 High Jun 8
  • PRICE: 127.48 @ Close Jun 8
  • SUP 1: 126.70 Low Jun 3
  • SUP 2: 126.55 Low May 21
  • SUP 3: 126.12 Low May 19
  • SUP 4: 125.94 Low May 13 and key support

Gilt futures broader outlook remains bearish despite this week's climb. Recent gains stalled on May 27, resulting in a sharp pullback. This signals the end of the recent corrective recovery between May 13 - 26. If correct, it suggests scope for short-term weakness that would expose last month's low of 125.94 on May 13. Key short-term resistance is marked by the highs of late April and early May where a break is needed to alter the picture.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income 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.