Free Trial

Estoxx test initial resistance

EQUITIES
  • Estoxx (VGM3) is now testing that initial area of 4112.00/4129.00.
  • A break above the latter, and with further momentum would open to 4193.20 76.4% retracement of the Mar 6 - 15 bear leg.
  • NOTE: The contract was trading around 4219.00 on the SVB news on the 9th March.
  • Not seeing a clear impact into the USD, with the latter breaking new high against the JPY on the Risk On tone, while finding some offers against the EUR and the CAD.

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.