TURKEY: Electricity Consumption Points to Weak Industrial Performance in 1H
Sep-17 07:06
* Ekonomi run a piece in which they note that the weak performance of industry in 1H has been refl...
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MNI EXCLUSIVE: Chinese Ministry of Commerce advisor comments on trade talks
Aug-18 07:03
A Chinese Ministry of Commerce advisor comments on the outlook for trade talks with the U.S - On MNI Policy MainWire now, for more details please contact sales@marketnews.com
EURJPY TECHS: Trend Structure Still Bullish
Aug-18 06:59
- RES 4: 177.08 2.000 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- RES 3: 175.43 High Jul 11 ‘24 and a key medium-term resistance
- RES 2: 174.86 1.764 proj of the Feb 28 - Mar 18 - Apr 7 price swing
- RES 1: 173.97 High Jul 28 and the bull trigger
- PRICE: 172.36 @ 07:58 BST Aug 18
- SUP 1: 170.10 50-day EMA
- SUP 2: 169.73/45 Low Jul 31 / 23.6% of the Feb 28 - Jul 28 bull leg
- SUP 3: 168.46 Low Jul 1
- SUP 4: 167.46 Low Jun 23
The underlying bull trend in EURJPY remains intact and for now the recent move down is considered corrective. Key support to watch lies at the 50-day EMA at 170.10. A clear break of the EMA is required to highlight a stronger short-term bearish threat. Moving average studies remain in a bull-mode position highlighting an uptrend. A break of the Jul 28 high of 173.97, would resume the bull cycle.
GILTS: Opening calls
Aug-18 06:56
Gilt calls, 91.02/91.09.
