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MNI China Daily Summary: Friday, November 10

MNI BRIEF: BOE Sets Out Bank Test Geo-Political Shock Scenario

MNI BRIEF: China Still Has Huge Potential For Growth

MNI: ITALY SEP IP +0% M/M, -2% Y/Y

Monthly Indicators Show Further Consumption Weakness

October CPI Firmer Than Expected, In Line with Norges Bank Forecast

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(Z3) Bearish Outlook

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 117.640 High Aug 8
  • RES 3: 117.610 High Sep 1 and a key resistance
  • RES 2: 117.230 High Sep 4
  • RES 1: 116.960 High Sep 5
  • PRICE: 116.520 @ 05:51 BST Sep 11
  • SUP 1: 116.320 Low Sep 7
  • SUP 2: 116.170 Low Aug 21
  • SUP 3: 116.000 Low Aug 15
  • SUP 4: 115.620 1.236 retracement of the Aug 15 - Sep 1 climb

Bobl futures have recently pulled back from the Sep 1 high of 117.610. Last Wednesday’s extension resulted in a break of support at 116.610, the Aug 28 low. The breach undermines the recent bullish theme. Note that support at 116.500, the Aug 23 low, has also been cleared, strengthening a bearish condition. A continuation would expose 116.00, the Aug 15 low. A move above 117.610 would reinstate a bullish theme.

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  • RES 4: 117.640 High Aug 8
  • RES 3: 117.610 High Sep 1 and a key resistance
  • RES 2: 117.230 High Sep 4
  • RES 1: 116.960 High Sep 5
  • PRICE: 116.520 @ 05:51 BST Sep 11
  • SUP 1: 116.320 Low Sep 7
  • SUP 2: 116.170 Low Aug 21
  • SUP 3: 116.000 Low Aug 15
  • SUP 4: 115.620 1.236 retracement of the Aug 15 - Sep 1 climb

Bobl futures have recently pulled back from the Sep 1 high of 117.610. Last Wednesday’s extension resulted in a break of support at 116.610, the Aug 28 low. The breach undermines the recent bullish theme. Note that support at 116.500, the Aug 23 low, has also been cleared, strengthening a bearish condition. A continuation would expose 116.00, the Aug 15 low. A move above 117.610 would reinstate a bullish theme.