FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

OUTLOOK: Price Signal Summary - Bear Cycle Extension In Gilts

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures traded sharply lower Friday. The reversal has resulted in a move through both the 20- and 50-day EMAs and undermines a recent bullish outlook. Price is lower again, today and a continuation would further strengthen a developing bearish threat. This would open 132.65, the Sep 2 low. Initial resistance is at 134.59, the 20-day EMA. A clear break of this average is required to signal a possible reversal.
  • A bear threat in Gilt futures remains present and Friday’s impulsive sell-off reinforces this theme. The contract has traded through support at 98.11, the Sep 2 low and a bear trigger. The break strengthens the downtrend, signalling scope for a deeper retracement towards 96.23, a 1.00 projection of the Sep 17 - 30 - Oct 1 price swing. Initial firm resistance is at 98.11, the Sep 2 low.
141 words

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.
  • In the FI space, Bund futures traded sharply lower Friday. The reversal has resulted in a move through both the 20- and 50-day EMAs and undermines a recent bullish outlook. Price is lower again, today and a continuation would further strengthen a developing bearish threat. This would open 132.65, the Sep 2 low. Initial resistance is at 134.59, the 20-day EMA. A clear break of this average is required to signal a possible reversal.
  • A bear threat in Gilt futures remains present and Friday’s impulsive sell-off reinforces this theme. The contract has traded through support at 98.11, the Sep 2 low and a bear trigger. The break strengthens the downtrend, signalling scope for a deeper retracement towards 96.23, a 1.00 projection of the Sep 17 - 30 - Oct 1 price swing. Initial firm resistance is at 98.11, the Sep 2 low.