MNI BRIEF: China's Retail Sales Quicken To 4-Month High

MNI: China CFETS Yuan Index Down 0.24% In Week of Mar 17

MNI: PBOC Net Drains CNY2.5 Bln via OMO Monday

CHINA JAN-FEB INDUSTRIAL OUTPUT +5.9% Y/Y VS MEDIAN +5.3% Y/Y: NBS

MNI China Press Digest Mar 17: Consumption, Homes, Investment

MNI: PBOC Sets Yuan Parity Lower At 7.1688 Mon; -0.41% Y/Y

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OUTLOOK: Price Signal Summary - Support In Bunds Remains Intact For Now

OUTLOOK
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, Bund futures traded lower Wednesday as the contract extended the pullback from the Feb 5 high. Price has traded through support at the 20-day EMA - at 132.63. This signals scope for a deeper retracement and sights are on 131.90, a trendline drawn from the Jan 15 low. A key support lies at 131.00, the Jan 16 / 24 low. Key resistance and the bull trigger has been defined at 133.71, the Feb 5 high. A break of it would resume the recent bull cycle. A bull cycle in
  • Gilt futures remains in play and the latest pullback appears corrective. Last week’s extension has reinforced current conditions. The contract has traded through 93.09, the Dec 20 high, and breached 93.64, the 61.8% retracement of the Dec 3 - Jan 13 bear leg. Sights are on the 94.75, the 76.4% retracement. Initial firm support at 92.61, the 20-day EMA, has been breached. The next firm support to watch lies at 91.52, the Jan 24 low.
167 words

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.
  • In the FI space, Bund futures traded lower Wednesday as the contract extended the pullback from the Feb 5 high. Price has traded through support at the 20-day EMA - at 132.63. This signals scope for a deeper retracement and sights are on 131.90, a trendline drawn from the Jan 15 low. A key support lies at 131.00, the Jan 16 / 24 low. Key resistance and the bull trigger has been defined at 133.71, the Feb 5 high. A break of it would resume the recent bull cycle. A bull cycle in
  • Gilt futures remains in play and the latest pullback appears corrective. Last week’s extension has reinforced current conditions. The contract has traded through 93.09, the Dec 20 high, and breached 93.64, the 61.8% retracement of the Dec 3 - Jan 13 bear leg. Sights are on the 94.75, the 76.4% retracement. Initial firm support at 92.61, the 20-day EMA, has been breached. The next firm support to watch lies at 91.52, the Jan 24 low.