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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 AccessMNI: PBOC Net Drains CNY227 Bln via OMO Wednesday
MNI BRIEF: Aussie Q3 GDP Prints At 0.3% Q/Q
(M9) Testing 21-DMA Support *RES 4:.....>
BUND TECHS: (M9) Testing 21-DMA Support
*RES 4: 167.65 First Pivot Resistance (162.42 - 166.75)
*RES 3: 166.83 High February 8
*RES 2: 166.75 High March 28
*RES 1: 166.00 High Apr 3
*PRICE: 165.24 @ 05:00 GMT Apr 9
*SUP 1: 165.22 21-dma
*SUP 2: 164.62 Low March 22
*SUP 3: 164.24 50-dma
*SUP 4: 163.63 Low March 19
Bund futures continue to hold above the their 21-dma but this level is at risk
of giving way as rallies have lacked any impulse. A close below the 21-dma would
open the March 22 low at 164.62 ahead of the 50-dma at 164.24. Bulls' focus is
on the 166 level marking the April 3 high. Above here would open the March 28
high at 166.75, above which would reignite positive momentum bringing the Feb 8
high back into play on the continuation chart.
To read the full story
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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.