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

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

MNI China Daily Summary: Wednesday, Nov 22

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU-Bond Auct / BOE APF Op Monday

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

EUROSTOXX50 TECHS
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  • RES 4: 4388.00 High Aug 30 and reversal trigger
  • RES 3: 4359.00 High Sep 15 and key resistance
  • RES 2: 4270.80 50-day EMA
  • RES 1: 4207.30 20-day EMA
  • PRICE: 4186.0 @ 08:25 BST Oct 10
  • SUP 1: 4082.00 Low Oct 4
  • SUP 2: 4055.40 76.4% retracement of the Mar 20 - Jul 31 bull cycle
  • SUP 3: 4034.00 Low Mar 24 (cont)
  • SUP 4: 4000.00 Psychological round number

Eurostoxx 50 futures trend conditions remain bearish, with Friday’s rally and the follow through this morning deemed corrective in nature. The contract has traded below 4128.00, the Sep 27 low. This confirms a resumption of the downtrend that started late July and signals scope for a move towards 4055.40, a Fibonacci retracement point. Initial firm resistance is at 4207.30, the 20-day EMA. A break of this average would signal a possible short-term base.

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  • RES 4: 4388.00 High Aug 30 and reversal trigger
  • RES 3: 4359.00 High Sep 15 and key resistance
  • RES 2: 4270.80 50-day EMA
  • RES 1: 4207.30 20-day EMA
  • PRICE: 4186.0 @ 08:25 BST Oct 10
  • SUP 1: 4082.00 Low Oct 4
  • SUP 2: 4055.40 76.4% retracement of the Mar 20 - Jul 31 bull cycle
  • SUP 3: 4034.00 Low Mar 24 (cont)
  • SUP 4: 4000.00 Psychological round number

Eurostoxx 50 futures trend conditions remain bearish, with Friday’s rally and the follow through this morning deemed corrective in nature. The contract has traded below 4128.00, the Sep 27 low. This confirms a resumption of the downtrend that started late July and signals scope for a move towards 4055.40, a Fibonacci retracement point. Initial firm resistance is at 4207.30, the 20-day EMA. A break of this average would signal a possible short-term base.