MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

MNI: US JUL FINAL MANUFACTURING PMI 49.6 (FLASH: 49.5); JUN: 51.6

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H3) Fresh Short-Term Trend High

BUND TECHS
  • RES 4: 140.00 Round number resistance
  • RES 3: 138.97 61.8% retracement of the Dec 7 - Jan 3 bear leg
  • RES 2: 138.62 High Dec 16
  • RES 1: 137.98 High Jan 11
  • PRICE: 137.87 @ 05:13 GMT Jan 12
  • SUP 1: 136.04/135.74 Low Jan 10 / 6
  • SUP 2: 135.08 Low Jan 4 and a key short-term support
  • SUP 3: 133.79 Low Jan 3
  • SUP 4: 132.60 Low Jan 2 and the bear trigger

Bund futures remain in an uptrend following last week’s gains and yesterday’s climb reinforces current conditions. Price has traded through the 20-day EMA and short-term signals suggest scope for a continuation higher near-term. Sights are on 138.62 next, the Dec 16 high ahead of 138.97, a Fibonacci retracement level. On the downside, initial firm support is at 136.04, the Jan 10 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.