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 - Trend Needle In Bunds Continues To Point South

OUTLOOK
  • In the FI space, the trend outlook in Bund futures is unchanged and remains bearish. The contract has traded to a fresh cycle low today. Key support at 131.23, the Feb 29 low, has been cleared. This confirms a resumption of the downtrend and attention is on 130.25, the 1.236 projection of the Mar 8 - 18 - 27 price swing. On the upside, firm resistance is at 133.05, the Apr 12 high. Short-term gains would be considered corrective. First resistance is at 131.81, the 20-day EMA. |
  • A bearish theme in Gilt futures remains intact and gains are considered corrective. The contract traded lower last week, delivering a fresh cycle low of 96.01 on Apr 17. This maintains the bearish price sequence of lower lows and lower highs. Furthermore, MA studies have crossed, highlighting a bear-mode set-up. Scope is seen for an extension towards 95.96 and 95.41, the 1.764 and 2.00 projections of the Mar 12 - 15 - 22 price swing. Initial firm resistance is 98.23, the Apr 12 high. Initial resistance is at 97.69, the 20-day EMA.
Homepagemarkets-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.