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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.
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Price Signal Summary - Bear Leg Extension In Bunds
- In the FI space, {GE} Bund futures are trading lower today, extending the latest bear leg and the break of recent support at 137.53, the Jan 16 low. The move lower threatens a recent bullish theme and the clear break of 137.53 signals scope for a deeper retracement near-term towards 136.04 next, the Jan 10 low. On the upside, key short-term resistance has been defined at 139.36, the Jan 25 high. Initial resistance is at 137.96, the 50-day EMA.
- Gilt futures remain in an uptrend and the latest pullback is considered corrective - for now. Recent trend highs confirm a resumption of the short-term uptrend. The move signals potential for gains towards 107.06, the Nov 24 high and a key resistance. The first objective is the 106.00 handle. On the downside, a firm support to watch is at 103.79, the Jan 17 low. A break would threaten the recent recovery.
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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.