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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.
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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
(U9) Overextended? *RES 3:.....>
AUSSIE 10-YEAR TECHS: (U9) Overextended?
*RES 3: 99.3700 - 1st Pivot Resistance (97.1900 - 98.8700)
*RES 2: 99.0153 - 3.0% Upper Bollinger Band
*RES 1: 98.9550 - All Time Highs
*PRICE: 98.9150 @ 15:23 GMT, Aug 2
*SUP 1: 98.6460 - 50-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Aussie 10yr bonds once again hit all time highs, extending the rally further
toward psychological resistance at the 99.00 handle. The sustainability of this
rally seems to have slightly overextended though, with the RSI touching the best
levels since late June, which was followed by a minor correction. Should the
sell-on-rallies theme re-emerge, bears would like to see a drop through the
(previously strong support) at the 50-dma before gathering any momentum to press
back to July lows of 98.5250.
To read the full story
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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.