Free Trial

Price Signal Summary - Bunds Trade Lower But Remain Above Support

OUTLOOK

In the FI space, a strong bounce in Bund futures resulted in a break of resistance at the 20- and 50-day EMA values. The move higher threatens the recent bearish theme and signals scope for a stronger recovery, potentially towards 133.45, the Aug 8 high and a key resistance. The contract is trading lower today and Initial firm support lies at 131.20, the Aug 23 low. A stronger reversal lower and a break of this level would be seen as a bearish development.

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.