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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Thursday, November 21
MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM
MNI BRIEF: China To Step Up Trade Bloc Negotiations
US Bond Rally Underpins *RES....>
AUSSIE 3-YEAR TECHS: US Bond Rally Underpins
*RES 3: 150.58 - High Aug 22
*RES 2: 150.45 - 50-DMA (Continuation chart)
*RES 1: 150.32 - Downtrend beginning July
*PRICE: 150.19 @ 15:23 GMT, Oct 11
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
Prices returned to last week's best levels, underpinned by the late rally in US
bonds across the curve. 149.95 remains the base for JGB futures for now, which
continues to provide some modest support. Thursday price action once again stuck
to the tight trading range and the failure to break higher keeps the balance in
favour of the bears. A break below 149.95 would open the Aug 2 spike low at
149.75 and 149.65 below there. To inspire a recovery, bulls need a break above
150.32. Absent a break higher, the short/medium/long-term trends all remain
negative.
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.