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

(U4) Has Pulled Back From Last Week’s Low

GILT TECHS
  • RES 4: 98.89 High May 16 a key resistance
  • RES 3: 98.25 High May 21
  • RES 2: 98.04 76.4% retracement of the May 16 - 29 bear cycle
  • RES 1: 97.86 High Jun 4
  • PRICE: 96.86 @ Close Jun 7
  • SUP 1: 96.77 Low Jun 7
  • SUP 2: 96.26 Low Jun 3
  • SUP 3: 95.33 Low May 29 and the bear trigger
  • SUP 4: 95.00 Round number support

Gilt futures traded lower Friday and the contract remains below last week’s high of 97.86 (Jun 4). For now, the recent climb is considered corrective. The next important resistance to watch is 97.86 and 98.04, a Fibonacci retracement point. A clear break of the latter would strengthen a bull phase and signal scope for a climb towards 98.89, the May 16 high. A reversal lower would refocus attention on key support at 95.33, the May 29 low.

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.