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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
(M1) Key Resistance Exposed Again
- RES 4: 172.83 Low May 5
- RES 3: 175.51 High Feb 16
- RES 2: 172.20 High Mar 11 and the bull trigger
- RES 1: 171.80 High Mar 17
- PRICE: 171.63 @ 04:58 GMT Mar 22
- SUP 1: 170.52 Low Mar 18
- SUP 2: 170.37 61.8% retracement of the Feb 25 - Mar 11 rally
- SUP 3: 169.94 76.4% retracement of the Feb 25 - Mar 11 rally
- SUP 4: 169.24 Low Feb 25 and the bear trigger
Bund futures are firmer today, extending the recovery from 170.52, Mar 18 low. The contract last week breached support at 170.72, Mar 5 low signalling scope for a deeper retracement. Attention remains on 170.37 and 169.94, two Fibonacci retracements. A breach of the latter would open key support at 169.24, Feb 25 low and the bear trigger. Following recent gains though, 172.20, Mar 11 high also remains exposed. A break would signal a reversal.
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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.