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MNI China Daily Summary: Thursday, November 30

MNI BRIEF: Japan Nov. Consumer Confidence Rises Again

MNI BRIEF: China's November PMI Falls Further On Weak Demand

Little in the DMP survey to alter the BOE's course

BOE DMP highlights

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 Points South

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income NewsForeign Exchange News
  • RES 4: 4388.00 High Aug 30 and reversal trigger
  • RES 3: 4359.00 High Sep 15 and key resistance
  • RES 2: 4276.80 50-day EMA
  • RES 1: 4216.30 20-day EMA
  • PRICE: 4141.00 @ 06:51 BST Oct 5
  • 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 and short-term gains appear to be corrective. 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 4216.30, 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: 4276.80 50-day EMA
  • RES 1: 4216.30 20-day EMA
  • PRICE: 4141.00 @ 06:51 BST Oct 5
  • 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 and short-term gains appear to be corrective. 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 4216.30, the 20-day EMA. A break of this average would signal a possible short-term base.