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

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

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

(U2) Trend Direction Remains Down

SCHATZ TECHS
  • RES 4: 109.393 50-day EMA
  • RES 3: 109.330 High Aug 25 and key near-term resistance
  • RES 2: 109.195 20-day EMA
  • RES 1: 108.965 High Aug 30 and Sep 2
  • PRICE: 108.945 @ 05:35 BST Sep 5
  • SUP 1: 108.500/425 Low Aug 1 / Low Jun 28
  • SUP 2: 108.336 76.4% retracement of the Jun 16 - Aug 2 upleg
  • SUP 3: 108.105 Low Jun 22
  • SUP 4: 108.025 Low Jun 21

Schatz futures recovered Friday. Short-term gains however are considered corrective and the trend remains down. This follows last week’s extension lower. The 50-day EMA has recently been cleared and this has resulted in the breach of a number of Fibonacci retracement levels, as the downtrend extends. The focus is on 108.425 next, the Jun 28 low. On the upside, initial firm resistance is seen at 109.330, the Aug 25 high.

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.