JGB TECHS: (U5) Bear Threat Still Present
- RES 3: 146.53 - High Aug 6
- RES 2: 141.48/142.95 - High May 2 / High Apr 7
- RES 1: 139.05 High Aug 4
- PRICE: 137.95 @ 16:01 BST Sep 8
- SUP 1: 137.00 - Round number support
- SUP 2: 136.57 - 1.382 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
- SUP 3: 134.89 - 2.000 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
A bear threat in JGB futures remains present despite the recovery of recent lows, including the rally into the Friday close. A resumption of weakness would signal scope for an extension towards 136.57, a Fibonacci projection. The first important resistance to watch remains 141.48, the May 2 high. Clearance of this level would be viewed as a bullish signal. Initial short-term resistance is 139.05, the Aug 4 high. A breach would be a positive development for bulls.
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JGB TECHS: (U5) NFP Tips Prices Sharply Higher
- RES 3: 147.74 - High Jan 15 and bull trigger (cont)
- RES 2: 146.53 - High Aug 6
- RES 1: 141.48/142.95 - High May 2 / High Apr 7
- PRICE: 138.52 @ 15:08 BST Aug 11
- SUP 1: 137.32 - Low Jul 25
- SUP 2: 136.57 - 1.382 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
- SUP 3: 134.89 - 2.000 proj of the Jan 28 - Feb 20 - Feb 26 bear leg
JGBs rallied sharply alongside global bond markets on the back of the NFP print, piercing mid-week resistance in the process. The first important resistance to watch remains 141.48, the May 2 high. A break of this level would be viewed as an early bullish signal. A return lower would signal scope for an extension towards 136.57, a Fibonacci projection.
ASIA: Government Bond Issuance Today
- Hong Kong to Sell HK$64.605 Billion 91-Day Bills
- Hong Kong to Sell HK$16 Billion 182-Day Bills
- Hong Kong to Sell HK$3 Billion 364-Day Bills
- Bank Indonesia to Sell 32D SVBI Bills
- Bank Indonesia to Sell 274D SVBI Bills
- Bank Indonesia to Sell 92D SVBI Bills
- Bank Indonesia to Sell 188D SVBI Bills
- Bank Indonesia to Sell 365D SVBI Bills
- MAS to Sell S$15.2 Billion 28-Day Bills on Aug. 12
- MAS to Sell S$22.2 Billion 84-Day Bills on Aug. 12
- Taiwan to Sell NT$25 Billion 10-Year Bonds
- Indonesia To Sell 2036 Bonds (FR0108)
- Indonesia To Sell 2040 Bonds (FR0106)
- Indonesia To Sell 2031 Bonds (FR0109)
- Indonesia To Sell 2045 Bonds (FR0107)
- Indonesia To Sell 2064 Bonds (FR0105)
- Indonesia To Sell 2054 Bonds (FR0102)
- Indonesia To Sell 364D Bills (SPN12260813)
- Indonesia To Sell 90D Bills (SPN03251112)
ASIA: Coming Up in Asia Today
| 0100GMT | 0800HKT | 1000AEDT | Singapore GDP SA QoQ 2QF |
| 0100GMT | 0800HKT | 1000AEDT | Singapore GDP YoY 2QF |
| 1130GMT | 0900HKT | 2030AEDT | Indonesia CPI YoY JULY |
source: Bloomberg Finance LP / MNI
