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

(Z0) Support Remains Intact

GILT TECHS
  • RES 4: 137.89 High Aug 4 and major resistance
  • RES 3: 137-51 High Aug 6
  • RES 2: 137.31 High Aug 10
  • RES 1: 137.04/05 High Sep 21 / 76.4% of the Aug 4 - 28 decline
  • PRICE: 136.53 @ Close Sep 25
  • SUP 1: 135.93 Low Sep 17 and key near-term support
  • SUP 2: 135.70 Low Sep 10
  • SUP 3: 135.31 Low Sep 7 and the reversal trigger
  • SUP 4: 134.96 76.4% retracement of the Aug 28 - Sep 28 rally

Gilts reversed course last week but did manage to find support at 136.00, Sep 23 low. The contract has held above support at 135.93, Sep 17 low and 135.70, Sep 10 low. The recent move lower is considered a correction however a clear breach of the 135.93-70 zone would undermine this outlook and signal scope for a deeper retracement towards 135.31, Sep 7 low. Key resistance is at 137.04/05, a break would resume the bullish theme.

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.