BOE: Taylor delivers dovish FT interview but nothing surprising given May vote

May-30 05:38

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* External MPC member Professor Alan Taylor has given an interview with the FT (published around 2...

Historical bullets

MNI: FRANCE Q1 FLASH GDP +0.1% Q/Q, +0.8% Y/Y

Apr-30 05:30
  • MNI: FRANCE Q1 FLASH GDP +0.1% Q/Q, +0.8% Y/Y

MNI: FRANCE MAR CONSUMER SPENDING -1% M/M, -1.5% Y/Y

Apr-30 05:30
  • MNI: FRANCE MAR CONSUMER SPENDING -1% M/M, -1.5% Y/Y
  • MNI: FRANCE MAR CONSUMER MANUF SPENDING -0.9% M/M, -2.1% Y/Y

EUROSTOXX50 TECHS: (M5) Trading At Its Recent Highs

Apr-30 05:29
  • RES 4: 5341.00 High Mar 27  
  • RES 3: 5263.01 76.4% retracement of the Mar 3 - Apr 7 bear leg 
  • RES 2: 5165.00 High Apr 3
  • RES 1: 5150.00 High Apr 28             
  • PRICE: 5119.00 @ 06:14 BST Apr 30 
  • SUP 1: 4959.00/4812.00 Low Apr 23 / 16 and a key support                      
  • SUP 2: 4664.00 Low Apr 10
  • SUP 3: 4444.00 Low Apr 7 and the bear trigger         
  • SUP 4: 4336.00 Low Nov 28 ‘23 (cont)     

Eurostoxx 50 futures maintain a positive tone and are holding on to their recent gains. The contract has cleared the 20-day EMA and pierced the 50-day EMA, at 5102.56. A clear break of this average would strengthen the current bull cycle and signal scope for a continuation of the corrective uptrend. This would open 5165.00 next, the Apr 3 high. Support to watch lies at 4812.00, the Apr 16 low. Clearance of this level would highlight a reversal.