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BOND SUMMARY

EU data beat. Attention turns to US inflation

FOREX

Greenback Lower for a Fifth Session

EURIBOR

EURIBOR FIX

ITALY DATA

Italian Inflation Edged Higher in Jun

EUROZONE DATA

EZ Flash Inflation Ticked Up in Jul

US Morning FI Technical Analysis

18 April 2018
By Kyle Shortland
     
Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
     US 5-YR FUTURE TECHS: (M18) Bears Focused On Mar Lows
*RES 4: 114-08+ Daily Bear channel top off Apr high
*RES 3: 114-04  Low Apr 4 now resistance
*RES 2: 114-02+ High Apr 13
*RES 1: 113-31+ High Apr 17
*PRICE: 113-29+ @ 0930GMT
*SUP 1: 113-25+ Low Apr 16, Bollinger band base
*SUP 2: 113-23+ Daily Bear channel base
*SUP 3: 113-19  Monthly Low Mar 21
*SUP 4: 113-05+ Weekly Bollinger band base
*COMMENTARY: Daily studies at O/S levels and the Bollinger base are seen as key
concerns for bears who are currently focused on Mar lows. Bears look for a close
below 113-25+ to add weight to their case. Layers of support remain a concern
for bulls. Bulls now need a close above 113-31+ to gain breathing room and above
114-04 to shift initial focus to 114-08+/10 where the bear channel top off Apr
highs is noted.
US 10-YR FUTURE TECHS: (M18) 120-20+/24 Resistance Remains Key
*RES 4: 121-12  High Apr 2
*RES 3: 121-05  High Apr 4
*RES 2: 120-24  Hourly support Apr 12 now resistance
*RES 1: 120-20+ Hourly resistance Apr 12
*PRICE: 120-15+ @ 0930GMT
*SUP 1: 120-07  Low Apr 16
*SUP 2: 120-03  Low Mar 22
*SUP 3: 120-01+ Bollinger band base
*SUP 4: 119-21+ Repeated Daily lows Feb
*COMMENTARY: The 120-20+/24 resistance region remains key this week following
the break below 120-11 Monday. Bulls need a close above Y120-24 to gain
breathing room and increase the likelihood of a bounce back to 121-05/12. Above
121-12 is needed to kick start topside momentum and initially target
121-23+/122-02 where the 100-DMA is noted. Bears now look for a close below
120-07 to confirm traction below DMAs & shift focus back to 119-14/21+.
US 30-YR FUTURE TECHS: (M18) Bulls Dominate While 144-06 Supports
*RES 4: 147-05 100-DMA
*RES 3: 147-03 High Apr 2
*RES 2: 146-28 High Apr 11
*RES 1: 146-02 High Apr 17
*PRICE: 145-23 @ 0930GMT
*SUP 1: 144-21 Low Apr 16
*SUP 2: 144-14 Daily Bull channel base off Feb Low
*SUP 3: 144-11 55-DMA
*SUP 4: 144-06 Repeated Daily lows Feb
*COMMENTARY: Volatile trading has defined the week so far with bulls taking
comfort in the bounce from ahead of 144-06/21 where the bull channel base off
Feb lows and the 55-DMA are located. Bulls dominate while 144-06 supports. Bears
need a close below 144-06 to end bullish hopes and initially target 142-21/30.
Bulls now need a close above 146-02 to gain breathing room and reconfirm focus
on 146-28/147-07.
US EURODOLLAR FUTURE TECHS: (M18) 55-DMA Remains Key Resistance
*RES 4: 97.820 Monthly high Mar 2
*RES 3: 97.740 Highs Mar 27 & 28, 55-DMA
*RES 2: 97.711 Daily Bear channel top off Sept highs
*RES 1: 97.660 Lows Apr 6 & 9 now resistance
*PRICE: 97.640 @ 0930GMT
*SUP 1: 97.619 Bollinger band base
*SUP 2: 97.615 2018 Low Apr 17
*SUP 3: 97.580 Monthly Low Nov 2008
*SUP 4: 97.491 Daily Bear channel base
*COMMENTARY: Bears remain firmly focused on the 97.480-580 support region where
the Nov 2008 low and bear channel base are situated following repeated 2018 & 9+
year lows. The Bollinger base is the key concern and currently limits follow
through. Layers of resistance are noted 97.660-740 with bulls needing a close
above the 55-DMA to target a correction back to 97.820-874 where the 100-DMA is
found.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]