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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.
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Free AccessMNI China Daily Summary: Thursday, November 21
MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM
(Z9) Sharp Gains *RES 3:.......>
AUSSIE 10-YEAR TECHS: (Z9) Sharp Gains
*RES 3: 98.9550 - High Oct 25
*RES 2: 98.9200 - High Nov 1
*RES 1: 98.9025 - 50.0% retracement of the Oct 8 - Nov 11 decline
*PRICE: 98.8750 @ 19:15 GMT, Nov 14
*SUP 1: 98.7825 - Former channel resistance
*SUP 2: 98.6850 - Low Nov 13
*SUP 3: 98.6500 - Low Nov 8 and primary support
Aussie 10yr futures have rallied again today. Gains follow yesterday's sharp
climb that resulted in a break of the bear channel resistance at 99.7956. The
channel was drawn off the Oct 9 high. The break out represents an important
short-term bullish development and sets the scene for a stronger recovery
near-term. Attention is on 98.9025, 50% of the Oct 8 - Nov 11 decline. Clearance
of this level would open 98.92, Nov 1 high and 98.9550, Oct 25 high. Support
lies at 98.7825, the former channel resistance.
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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.