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 - Bunds Pierce Support

OUTLOOK
  • In the FI space, Bund futures traded lower yesterday, resuming the bear phase. This strengthens the current downtrend and reinforces the short-term importance of the recent break below the 20-day EMA. Note that a key support at the Dec 8 low of 134.37, has been pierced. A clear break of this level would open 133.42, the Dec 4 low. Initial resistance is at 135.65, the 20-day EMA. A clear break of the average is required to ease bearish pressure.
  • Gilt futures gapped lower yesterday and cleared support at 99.60, Jan 5 low. This reinforces a bearish theme and confirms a resumption of the downtrend that started Dec 27. The contract has also traded through support at 97.97, Dec 6 high, signalling scope for an extension towards 97.39, the Dec 11 low. On the upside, firm resistance to watch is at 100.35, the 20-day EMA. A clear break of the average 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.