POLAND: NBP's Wnorowski Reiterates September Cut May Be Last This Year
Aug-27 11:31
* "*POLISH MPC'S WNOROWSKI SEES QUARTER POINT RATE CUT NEXT WEEK * *WNOROWSKI: LIKELY SEPTEMBER CUT ...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GLOBAL: Greer Doesn't Expect Big Breakthrough on China Trade Today
Jul-28 11:31
USTR Greer speaking on CNBC:
- "ON EU TRADE: WANT TO KEEP WORKING ON STEEL, DIGITAL SERVICES TAXES ALSO AREA TO KEEP WORKING ON
- ON CHINA TRADE: WANT TO MOVE FORWARD IN A POSITIVE WAY, DON'T EXPECT BIG BREAKTHROUGH TODAY" - Reuters
OUTLOOK: Price Signal Summary - Monitoring Support In Gilts
Jul-28 11:29
- In the FI space, Bund futures traded lower Friday, extending the reversal from the Jul 22 high. The move down resulted in a print below key support and a bear trigger, at 129.08, the Jul 14 low. The 129.00 handle represents a key area of support and a clear break of it would represent an important bearish development. It marks the base of a 3.5-month range. Initial key resistance to watch is 129.97, the 20-day EMA.
- Gilt futures have pulled back from the Jul 22 high. For now the contract remains above its recent lows. A rally early last week resulted in a break of the 20-day EMA. A resumption of gains would signal scope for a climb towards 92.42 next, a 50.0% retracement of the Jul 1 - 18 bear leg. On the downside, key support and the bear trigger has been defined at 91.08, the Jul 18 low.
BONDS: BTP/Bund spread falls toward 80bps
Jul-28 11:06
- Although most Bonds are trading within the early ranges, some investors will be keeping an eye on the more macro moves.
- The BTP/Bund spread is through last Week's low of 82bps, now 1.4bp tighter on the day and looking to challenge the Psychological 80bps level.
- But as noted last month, looking at that longer term chart, aside from the April 2010 low situated at ~75.4bps, the next big support resides at 65.37bps, the 2009 low.
(Chart source: Bloomberg Finance LP/MNI).
