MNI China Daily Summary: Tuesday, January 7

MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

MNI China Daily Summary: Monday, January 6

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.6%

MNI: FRANCE DEC HICP +0.2% M/M, +1.8% Y/Y

MNI: SWISS DEC CPI -0.1% M/M, +0.6% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BUND TECHS: (Z4) Bull Cycle Still In Play

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 135.24 High Oct 3         
  • RES 3: 134.87 76.4% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 2: 134.63 High Oct 4
  • RES 1: 134.33 High Nov 27                          
  • PRICE: 134.06 @ 05:32 GMT Nov 28
  • SUP 1: 132.95/75 50- and 20-day EMA values 
  • SUP 2  131.28 Low Nov 14             
  • SUP 3: 130.58 Low Nov 6 and the bear trigger 
  • SUP 4: 129.99 1.236 proj of the Oct 1 - 10 -16 price swing 

Bund futures traded higher Wednesday. Price has recently cleared the 20- and 50-day EMAs. This undermines a recent bearish theme and note that 133.39 has been breached, 50.0% of the Oct 1 - Nov 6 bear leg. The move higher has also resulted in a breach of; 134.05, the 61.8% retracement point, and 134.25, the high on Oct 16 and 18. This opens 134.87 next, the 76.4% retracement. Initial firm support to watch lies at 132.75, the 20-day EMA.

154 words

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.
  • RES 4: 135.24 High Oct 3         
  • RES 3: 134.87 76.4% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 2: 134.63 High Oct 4
  • RES 1: 134.33 High Nov 27                          
  • PRICE: 134.06 @ 05:32 GMT Nov 28
  • SUP 1: 132.95/75 50- and 20-day EMA values 
  • SUP 2  131.28 Low Nov 14             
  • SUP 3: 130.58 Low Nov 6 and the bear trigger 
  • SUP 4: 129.99 1.236 proj of the Oct 1 - 10 -16 price swing 

Bund futures traded higher Wednesday. Price has recently cleared the 20- and 50-day EMAs. This undermines a recent bearish theme and note that 133.39 has been breached, 50.0% of the Oct 1 - Nov 6 bear leg. The move higher has also resulted in a breach of; 134.05, the 61.8% retracement point, and 134.25, the high on Oct 16 and 18. This opens 134.87 next, the 76.4% retracement. Initial firm support to watch lies at 132.75, the 20-day EMA.