-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US Morning Fixed Income Technical Analysis
By Les Castell
Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5YR FUTURE TECHS: (M18) 113-112 Break Would Fuel Further Recovery Hopes
*RES 4: 113-290 61.8% Fibo of 114-207/112-250
*RES 3: 113-232 May 4 high
*RES 2: 113-172 May 10 high
*RES 1: 113-112 May 11 high
*PRICE: 113-097 @1045MT
*SUP 1: 113-030/035 May 18, May 22 highs, now support
*SUP 2: 112-307/310 May 21, May 22 lows
*SUP 3: 112-250 May 17 base
*SUP 4: 112-210 Equality fall from 118-320 to 122-285/116-155
*COMMENTARY* The loss of pivotal 113-272 support returned the overall focus to
the downside last month, followed by a break of the key 113-180/113-170 area. A
low of 112-250 so far, breaking below 112-290, the first of two equality fall
targets. In the meantime, has become oversold in the near term. Back above
113-035/113-077 encourages further recovery prospects, 113-112 now the bar to a
113-172 rise. Meanwhile, 113-035/112-307 becomes support.
US 10YR FUTURE TECHS: (M18) 119-115 Now The Bar To Increased Gains
*RES 4: 119-315 May 4 high
*RES 3: 119-215 May 10 high
*RES 2: 119-190 76.4% Fibo of 119-315/118-105
*RES 1: 119-115 Hourly congestion lows May 10-14
*PRICE: 119-090 @1055GMT
*SUP 1: 118-290/305 May 18, May 22 highs, now support
*SUP 2: 118-215/230 May 21, May 22 lows
*SUP 3: 118-105 May 17 low
*SUP 4: 118-050 6 year median line
*COMMENTARY* Last week's decline saw the equality fall target at 118-150 give
way. A low of 118-105 seen on Thursday, so far keeping us away from a test to
the 6 year median line support at 118-050. In the meantime, some near term
oversold conditions have allowed a bounce, 118-305/119-060 resistance now
overcome. This sees the congested 119-115 region next ahead of the 76.4% Fibo
retrace level at 119-190. Support now showing from between 118-305/118-215.
US 30YR FUTURE TECHS: (M18) 142-15 The Next Barrier To This Week's Bounce
*RES 4: 143-20/21 50% of 147-03/140-05, May 11 high
*RES 3: 143-10 Congestion area May 4-11, 76.4% Fibo
*RES 2: 142-22 61.8% Fibo of 144-08/140-05
*RES 1: 142-15 May 9 low, now resistance
*PRICE: 142-02 @1105GMT
*SUP 1: 141-18/19 May 16, May 21 highs, now support
*SUP 2: 141-01 May 22 low
*SUP 3: 140-21 Initial recovery high May 18, now support
*SUP 4: 140-05 May 17 low
*COMMENTARY* The fall continued last week, reaching a low of 140-05 on Thursday,
before seeing a bounce aided by some near term oversold conditions. In this
respect, the 141-18/141-19 resistance area has now been overcome, the May 9 low
at 142-15 of more consequence on any move higher. Initial support now from that
141-19/141-18 region and then Tuesday's 141-01 low protects the downside from
another assault, 140-21 then ahead of 140-05 again.
US EURODOLLAR TECHS: (M18) Break Above 6 Month Downtrend, Has 97.735-97.740 Next
*RES 4: 97.770 76.4% Fibo of 97.820-97.595
*RES 3: 97.735/740 61.8% of 97.820-97.595, Mar 27-28 highs
*RES 2: 97.715 Hourly congestion May 14-15
*RES 1: 97.695 May 18 high
*PRICE: 97.675 @1110GMT
*SUP 1: 97.650 Hourly support
*SUP 2: 97.625 Congestion area Apr 18-May 3
*SUP 3: 97.585/595 Jun 29 2015 low, May 8 low
*SUP 4: 97.560 1.618 swing of 97.630-97.740
*COMMENTARY* Saw a move back above the 6 month falling resistance line last week
and this has moved lower by time this, to 97.590. Back above here encourages,
and we have subsequently seen a return towards 97.735-97.740. The former a 61.8%
Fibo retrace level, the latter the Mar 27-28 highs. Will need an eventual break
through here, before gains can be extended toward 97.770 next. Support 97.650
but it is 97.625 that currently protects against a 97.595 return.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.