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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.
BUNDS
- Bund remains underpinned, bid into into the cash open, a continuation of the overnight price action.
- In early focus, in terms of technical is the opening downside gap, from 170.00 to 169.80.
- First things that jumps out, is the decent continued fall in Tech Equities yesterday circa 20.00GMT, which dragged other indices lower.. Netflix and Peloton made the headlines yesterday.
- Nasdaq broke its 200 SMA (Simple average), and has now lost 11.84% from just the January high.
- Next support for the contract is at 14,366.75 the October low and lowest since June.
- European Equities are seeing some dip buying, but investors will be watching Tech on the EU Cash open at 08.00GMT.
- We have no tier 1 data left for the session after the UK Retail Sales miss, which had limited impact on the GBP.
- SPEAKERS:; ECB Lagarde and BoE Mann
Chart source: Bloomberg
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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