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 - Bullish Bund Outlook

OUTLOOK
  • In the FI space, Bund futures have recovered from Monday’s low and from levels just below support at the 50-day EMA, at 132.99. Recent short-term weakness appears to have been a correction and this has allowed an overbought condition to unwind. First resistance is 134.50, the Aug 22 high, where a break would strengthen a near-term bullish condition. On the downside, a clear break of the 50-day EMA would highlight scope for a deeper retracement.
  • Gilt futures have recovered this week. The move off Monday’s low signals the end of the recent corrective cycle. The trend outlook is bullish and this is reinforced by a bullish moving average set-up on the continuation chart. An extension higher would signal scope for a climb towards the next firm resistance at 99.85, the Aug 22 high. On the downside, clearance of support at 98.11, Sep 2 low, would reinstate the recent bearish theme. First support lies at 99.02, the Sep 4 low.
BulletMarketsFixed Income BulletsForeign Exchange 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.