MNI BRIEF: Canada PM Trudeau Loses Another Cabinet Minister

MNI BRIEF: BOE Ramsden Could Back Faster Rate Cuts

MNI China Daily Summary: Wednesday, November 20

MNI BRIEF: Chinese Aluminium Exporters To Renegotiate Prices

MNI: PBOC Net Injects CNY69.1 Bln via OMO Wednesday

EZ/UK Bond Supply Calendar: Spain, France Auction; UK Tender

US EIA: CRUDE OIL STOCKS EX SPR +0.54M TO 430.3M NOV 15 WK

MNI: US MBA: MARKET COMPOSITE +1.7% SA THRU NOV 15 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

OUTLOOK: Price Signal Summary - Bund Futures Breach Key Resistance

OUTLOOK
BulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures are trading sharply higher today and this has resulted in a print above key resistance and the bull trigger at 135.66. A clear break of this hurdle would confirm a resumption of the medium-term uptrend and pave the way for a climb towards the 136.00 handle and 136.77, a Fibonacci projection. On the downside, initial firm support lies at 134.46, the 20-day EMA.
  • A bear threat in Gilt futures remains present. With the contract still trading closer to its recent lows, sights are on the next key support at 98.11, the Sep 2 low and a bear trigger. A break of this level would strengthen the bearish theme and open 98.00. On the upside, key near-term resistance is seen at 99.40, the 20-day EMA. A clear breach of this average is required to instead highlight a possible reversal.
143 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 are trading sharply higher today and this has resulted in a print above key resistance and the bull trigger at 135.66. A clear break of this hurdle would confirm a resumption of the medium-term uptrend and pave the way for a climb towards the 136.00 handle and 136.77, a Fibonacci projection. On the downside, initial firm support lies at 134.46, the 20-day EMA.
  • A bear threat in Gilt futures remains present. With the contract still trading closer to its recent lows, sights are on the next key support at 98.11, the Sep 2 low and a bear trigger. A break of this level would strengthen the bearish theme and open 98.00. On the upside, key near-term resistance is seen at 99.40, the 20-day EMA. A clear breach of this average is required to instead highlight a possible reversal.