MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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(U18) 55-DMA Still In Bulls'...>

SHORT-STERLING TECHS
SHORT-STERLING TECHS: (U18) 55-DMA Still In Bulls' Sights 
*RES 4: 99.300 High May 31 
*RES 3: 99.220 High June 26 
*RES 2: 99.205 High July 18 
*RES 1: 99.192 55-DMA 
*PREVIOUS CLOSE: 99.170 
*SUP 1: 99.154 21-DMA 
*SUP 2: 99.150 Channel resistance from May 31 high now support 
*SUP 3: 99.150 Lows July 5 & 23 
*SUP 4: 99.125 Lows August 2 
The contract remains well supported following last week's break above the 21-DMA
and channel support, and the focus remains to the upside with the next level of
resistance coming in at the 55-DMA at 99.192. Bears need to close back below
channel resistance-turned-support at 99.150 to re-establish the downward trend
and put the focus back on the August 2 lows.
MarketsFixed Income Bullets
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