MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 - Bear Cycle In Bunds Still In Play

OUTLOOK
  • In the FI space, Bund futures traded lower last week and started this week’s session on a bearish note. The move down Monday undermines a recent bullish theme and signals scope for a deeper retracement. The next support to watch is 130.28, 76.4%% retracement of the May 31 - Jun 14 rally. A break of this level would further strengthen a bearish threat and expose 129.52, the Jun 10 low. On the upside, initial firm resistance is at 132.24, the Jun 28 high. Clearance of this level would highlight a potential reversal.
  • Gilt futures traded sharply lower Monday, confirming an extension of the latest bear cycle. The move down does undermine a recent bullish theme and the sell-off signals scope for a continuation near-term. This has opened 96.25, the 76.4% retracement of the May 29 - Jun 21 bull run, where a break would further strengthen a bearish threat. On the upside, initial firm resistance to watch is at 98.24, last Friday’s high.
Homepagemarkets-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.