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

Price Signal Summary - A bear Threat In Bunds Remains Present

OUTLOOK
  • In the FI space, Bund futures remain in consolidation mode and a bear threat is present. The recent move below the 20-day EMA highlights scope for a deeper correction, opening key support at the Dec 8 low of 134.37. Momentum studies are pointing south, also highlighting the short-term bearish threat. On the upside, a resumption of gains would open 138.84, the Dec 27 high and a bull trigger. Initial resistance is at 135.88, the 20-day EMA.
  • Gilt futures are in consolidation mode. Recent price action appears to be a bear flag - a bearish continuation pattern that signals scope for a move lower near-term. The recent breach of the 20-day EMA, also suggests scope for a continuation of the current bear cycle. This has exposed support at 98.97, the Dec 6 high. Initial firm resistance to watch is at 101.98, the Jan 3 high. A break would ease bearish pressure.
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed 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.