INDONESIA: Bond Wrap.

Oct-03 05:27
  • Indonesia Central Bank has entered in the FX market to ensure the balance of supply and demand - official (Source:  Reuters)
  • Indonesia Central Bank official says rupiah weakened due to rising geopolitical tension in the middle east (Source:  Reuters).
  • Equity markets weaker today with Jakarta Composite down 0.45% and bonds selling off to push yields higher. 

     

2yr 6.208% (+3bp)          5yr 6.352% (+8bp)          10yr 6.504%          30yr 6.921%

Historical bullets

LOOK AHEAD: UK Timeline of Key Events (Times BST)

Sep-03 05:23
DateUKPeriodEvent
03-Sep1345 BOE's Breeden at ECB and Banking Authority panel
05-Sep0930AugS&P Global/CIPS Construction PMI
05-Sep0930AugBOE DMP Data
10-Sep0700Jul/AugLabour Market Survey
11-Sep0700JulGDP / Trade / Services / Production / Construction
12-Sep0900 BOE's Breeden panellist at Wharton-IMF Dialogue
12-Sep- OBR Fiscal Risks and Sustainability Report
13-Sep0930AugBank of England/Ipsos Inflation Attitudes Survey
18-Sep0700AugConsumer inflation report
18-Sep0700AugProducer Prices
19-Sep1200 Bank Of England Interest Rate
20-Sep0001SepGfk Monthly Consumer Confidence
20-Sep0700AugRetail Sales
20-Sep0700AugPublic Sector Finances
23-Sep0930SepS&P Global/ CIPS UK Flash PMI
25-Sep0001AugBrightmine pay deals for whole economy
30-Sep0700Q2GDP Second Estimate
30-Sep0700Q2Quarterly current account balance
30-Sep0930AugBOE M4
30-Sep0930AugBOE Lending to Individuals
01-Oct0001SepBRC Monthly Shop Price Index

BOBL TECHS: (U4) Support Remains Intact

Sep-03 05:22
  • RES 4: 119.234 1.764 proj of the May 31 - Jun 14 - Jul 5 price swing
  • RES 3: 119.090 High Aug 5 and the bull trigger
  • RES 2: 118.300/118.530 High Aug 14 / 6     
  • RES 1: 117.980 High Aug 29                 
  • PRICE: 117.440 @ 06:06 BST Sep 3
  • SUP 1: 117.343 50-day EMA      
  • SUP 2: 117.140 Low Jul 30  
  • SUP 3: 116.890 61.8% retracement of the Jul 5 - Aug 5 bull leg
  • SUP 4: 116.650 Low Jul 25

A corrective bear cycle in Bobl futures remains in play and Monday’s move lower reinforces the current bearish short-term condition. The pullback that started Aug 5, has allowed an overbought condition to unwind and the broader uptrend remains intact. Moving average studies are in a bull-mode position, highlighting a risingM/T trend. First key resistance is 118.300, the Aug 14 high. Firm support to watch lies at 117.343 the 50-day EMA.

LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)

Sep-03 05:18
DateTimeCountryEvent
04-Sep800EUECB's Elderson at European Banking and ECB conference
04-Sep1000EUPPI
05-Sep700DEManufacturing Orders
05-Sep830EUS&P Global Final Eurozone Construction PMI
05-Sep1000EURetail Sales
06-Sep700DETrade Balance / Industrial Production
06-Sep745FRIndustrial Production / Foreign Trade
06-Sep800EUECB's Elderson speech at ESCB Conference
06-Sep1000EUGDP (final) / Employment
06-Sep1000ITRetail Sales
10-Sep700DEHICP (f)
10-Sep800ESIndustrial Production
10-Sep900ITIndustrial Production
12-Sep EUEuropean Central Bank Meeting
12-Sep800ESHICP (f)
12-Sep1315EUECB Deposit/ Main Refi / Marginal Lending Rate
12-Sep1345EUECB Monetary Policy Press Conference