© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI China Daily Summary: Thursday, Nov 23

MNI BRIEF: German Banks Stable, But Rate Risks Remain - Buba

RPT-MNI INTERVIEW:Increased UK Linker Sales Not Inflation Play

Services prices and labour market tightness to concern the MPC

PMI: "Renewed signs of sticky inflation"

MNI: UK NOV FLASH SERVICES PMI 50.5 (FCST 49.5); OCT 49.5

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) Trend Needle Continues To Point South

JGB TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • RES 3: 148.74 - High Jul 24
  • RES 2: 147.21 - High Aug 9
  • RES 1: 146.41 - High Sep 4
  • PRICE: 144.67 @ 16:19 BST Oct 04
  • SUP 1: 144.15 - Low Jan 13 and a major support
  • SUP 2: 143.95 - 2.00 proj of the Sep 8 - 12 - 15 price swing
  • SUP 3: 143.29 - 2.618 proj of the Mar 22 - Apr 18 - May 12 swing

JGBs sold off sharply again last week, putting the contract further through support at 145.49, the Aug 17 low. A continuation lower and the clear break of this area confirms a resumption of the medium-term downtrend and paves the way for weakness towards 144.15, the Jan 13 low and a major support. On the upside, clearance of 146.41, the Sep 4 high would instead highlight a base and a possible short-term reversal.

139 words

To read the full story

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.
  • RES 3: 148.74 - High Jul 24
  • RES 2: 147.21 - High Aug 9
  • RES 1: 146.41 - High Sep 4
  • PRICE: 144.67 @ 16:19 BST Oct 04
  • SUP 1: 144.15 - Low Jan 13 and a major support
  • SUP 2: 143.95 - 2.00 proj of the Sep 8 - 12 - 15 price swing
  • SUP 3: 143.29 - 2.618 proj of the Mar 22 - Apr 18 - May 12 swing

JGBs sold off sharply again last week, putting the contract further through support at 145.49, the Aug 17 low. A continuation lower and the clear break of this area confirms a resumption of the medium-term downtrend and paves the way for weakness towards 144.15, the Jan 13 low and a major support. On the upside, clearance of 146.41, the Sep 4 high would instead highlight a base and a possible short-term reversal.