MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

(Z2) Watching Resistance At The 50-Day EMA

BUND TECHS
  • RES 4: 143.26 High Sep 19
  • RES 3: 142.87 High Oct 4 and a key reversal point
  • RES 2: 141.74 High Oct 5
  • RES 1: 140.93 50-day EMA
  • PRICE: 138.94 @ 05:08 BST Oct 31
  • SUP 1: 137.57 Low Oct 27
  • SUP 2: 136.46/134.02 Low Oct 25 / 21 and the bear trigger
  • SUP 3: 133.74 0.618 proj of the Aug 2 - 12 - 15 price swing
  • SUP 4: 132.89 Low Oct 28 2011

Bund futures remain in an uptrend following last week’s gains and extension from the Oct 21 low of 134.02. Short-term gains are considered corrective. However, with the bullish cycle in play and following the break of 138.52, Oct 14 high, scope is seen for a continuation higher. The focus is on the 50-day EMA, at 140.93 - a key resistance. A reversal lower and a break of 137.57, Thursday’s low, would instead signal the end of the corrective cycle.

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.