MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - Corrective Cycle In Gilts Remains In Play

OUTLOOK
  • In the FI space, a strong bounce in Bund futures Wednesday resulted in a break of resistance at the 20- and 50-day EMA values. The break 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. Initial firm support lies at 131.20, the Aug 23 low. A reversal lower and a break of this level would be seen as a bearish development.
  • A bearish theme in Gilt futures remains intact, however, a strong rally this week suggests the contract remains in a short-term corrective cycle. Price has traded through the 20-day EMA. Yesterday’s gain resulted in a test of the 50-day EMA, at 94.85. A break would strengthen bullish conditions. MA studies continue to highlight a downtrend. The bear trigger has been defined at 91.19, the Aug 17 low. Initial support to watch lies at 92.38, the Aug 23 low.
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.