Free Trial

Bund and EUR

CROSS ASSET
  • The pullback higher in Bund, keeps the lid on EURUSD, but let's not forget the large option expiry at 1.1585 (1.82bn), which could act as a magnet for the pair.
  • Initial support for EURUSD moves up to 1.1582, and a break below the latter sees extensions to 1.1535/24 Low Oct 29 / Low Oct 12 and the bear trigger.
  • Last week/Month saw good demand in EURUSD ahead of 1.1500, in the outright spot but also via options with put sellers.
  • The last time EURUSD traded below 1.1500 was July 2020.
  • Resistance in Bund comes at 169.07 20-day EMA

To read the full story

Close

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.