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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
An extremely busy overnight session
An extremely busy overnight session:
Bund gaped higher overnight, and saw a big overnight range with way above average volumes, especially in the shorter end Schatz and Euribor strip, with futures seeing upside traction, as the BoJ left its rate unchanged, as expected.
ERM4 (as an example) is up 16 ticks and has already traded 43.5k, as desks unwinds some of the aggressive rate hike path.
German Final CPI came in line, and the UK GDP beat had no real impact into the contract, with the street waiting on the US NFP/AHE, given the massive beat seen last Month.
Resistance in Bund is at 133.82, the intraday high, followed by 134.34.
Support moves up to 132.88, and 132.37/132.13 (gap), followed by 131.78.
Out of Europe, data sees Spanish Retail sales, Italian PPI, Portugal final CPI, but the main focus is on the US NFP/AHE.
SPEAKERS: ECB Panetta.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.