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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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Free AccessChallenging May 7 resistance
- Bunds are now challenging the 172.60 level (high of May 7 seen post-US employment report). This is just shy of 172.64, the 61.8% retracement of the Mar 25 - May 19 sell-off.
- Our technical analyst notes that after breaking through the 172.01 50-day EMA and 172.05 June 4 high, that the next key resistance above here would be the April 23 high of 172.80.
- Peripheral spreads (with the exception of Greece) have continued to tighten today ahead of tomorrow's ECB meeting.
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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.