MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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(Z0) Under Pressure, But Not Far To Fall

AUSSIE 3-YEAR TECHS
  • RES 3: 99.780 - High Apr 01 and bull trigger (cont)
  • RES 2: 99.750 - High May 21 and 22 (cont)
  • RES 1: 99.730 - Congestion highs between Jun 15 - 22 (cont)
  • PRICE: 99.660 @ 17:02 BST Aug 31
  • SUP 1: 99.609 - 23.6% retracement of the Dec - Mar Rally (cont)
  • SUP 2: 99.597 - 38.2% retracement of the Mar - Apr rally (cont)
  • SUP 3: 99.557 - 200-dma

The rolls sees futures pricing correct lower, but keeps the technical outlook unchanged for now. The new low watermark for Aussie 3yr futures sits at 99.660, but the RBA throttle on the market continues to keep markets supported. This makes the most likely direction from here to be sideways, but any break higher would signal potential for 99.725, Aug 4 high and the key hurdle for bulls at the 99.730 congestion highs, a level that has offered resistance between Jun 15 - 22.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
BulletMarketsFixed Income BulletsFixed Income Technical Analysis
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
BulletMarketsFixed Income BulletsFixed Income Technical Analysis

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