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BOC SAYS TOO SOON TO THINK ABOUT CUTTING INTEREST RATES

BOC'S MACKLEM SAYS STILL PREPARED TO HIKE AGAIN IF NEEDED

MNI BRIEF: UK Borrowing, Debt On Downward Path - OBR Forecasts

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MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(Z3) Breaches The 20-Day EMA

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4359.00 High Sep 15 and key resistance
  • RES 3: 4300.00 Round number resistance
  • RES 2: 4256.00 High Oct 12 and a key resistance
  • RES 1: 4184.40 50-day EMA
  • PRICE: 4133.00 @ 05:55 GMT Nov 2
  • SUP 1: 4001.00 Low Oct 27 and the bear trigger
  • SUP 2: 3979.00 1.00 proj of the Sep 15 - Oct 4 - Oct 12 price swing
  • SUP 3: 3914.00 Low Mar 20 (cont)
  • SUP 4: 3873.20 1.382 proj of the Sep 15 - Oct 4 - Oct 12 price swing

Eurostoxx 50 futures are trading higher as the correction from recent lows extends. Price is through resistance at the 20-day EMA and this signals scope for a test of the 50-day EMA, at 4184.40. The broader trend condition is bearish, however, a break of the 50-day average would signal scope for a stronger bull cycle. This would open 4256.00, the Oct 12 high. On the downside, key support and the bear trigger lies at 4001.0, the Oct 27 low.

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  • RES 4: 4359.00 High Sep 15 and key resistance
  • RES 3: 4300.00 Round number resistance
  • RES 2: 4256.00 High Oct 12 and a key resistance
  • RES 1: 4184.40 50-day EMA
  • PRICE: 4133.00 @ 05:55 GMT Nov 2
  • SUP 1: 4001.00 Low Oct 27 and the bear trigger
  • SUP 2: 3979.00 1.00 proj of the Sep 15 - Oct 4 - Oct 12 price swing
  • SUP 3: 3914.00 Low Mar 20 (cont)
  • SUP 4: 3873.20 1.382 proj of the Sep 15 - Oct 4 - Oct 12 price swing

Eurostoxx 50 futures are trading higher as the correction from recent lows extends. Price is through resistance at the 20-day EMA and this signals scope for a test of the 50-day EMA, at 4184.40. The broader trend condition is bearish, however, a break of the 50-day average would signal scope for a stronger bull cycle. This would open 4256.00, the Oct 12 high. On the downside, key support and the bear trigger lies at 4001.0, the Oct 27 low.