MNI BRIEF: Still Room For BOC Action Even With Weaker CAD

MACKLEM: TARIFF SCENARIO SHOWS WHAT SOME WOULD CALL RECESSION

MACKLEM: WEAKER CAD HASN'T LIMITED BOC POLICY SO FAR

MNI INTERVIEW2: New NBH Chief Must Clarify Reaction Function

MNI BRIEF: U.S. Senate Confirms Bessent as Treasury Secretary

MNI NBH WATCH: Base Rate To Hold At 6.5% Despite Price Uptick

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR +3.46M TO 415.1M JAN 24 WK

MNI: US MBA: MARKET COMPOSITE -2.0% SA THRU JAN 24 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

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

OUTLOOK: Price Signal Summary - Trend Needle In Bunds Points South

OUTLOOK
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • In the FI space, the trend in Bund futures remains bearish and this week’s extension reinforces this theme. The contract has breached key support at 132.00, the Nov 6 low. The clear break of this level strengthens a bearish theme. Sights are on the 131.00 handle next. Key short-term resistance is at 133.48, the 20-day EMA. Initial resistance is 132.57, the Jan 6 high.
  • The trend condition in Gilt futures is unchanged, it remains bearish and this week’s fresh cycle lows reinforces current conditions. Yesterday’s initial move lower reinforces bearish conditions and this week’s sell-off highlights an acceleration of the trend. Sights are on the 88.87 next, a 2.764 projection of the Dec 20 -27 - Jan 2 price swing. Initial resistance is at 91.58, Wednesday’s intraday high. Resistance at the 20-day EMA, is at 92.39. The EMA is seen as an important hurdle for bulls.
145 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, the trend in Bund futures remains bearish and this week’s extension reinforces this theme. The contract has breached key support at 132.00, the Nov 6 low. The clear break of this level strengthens a bearish theme. Sights are on the 131.00 handle next. Key short-term resistance is at 133.48, the 20-day EMA. Initial resistance is 132.57, the Jan 6 high.
  • The trend condition in Gilt futures is unchanged, it remains bearish and this week’s fresh cycle lows reinforces current conditions. Yesterday’s initial move lower reinforces bearish conditions and this week’s sell-off highlights an acceleration of the trend. Sights are on the 88.87 next, a 2.764 projection of the Dec 20 -27 - Jan 2 price swing. Initial resistance is at 91.58, Wednesday’s intraday high. Resistance at the 20-day EMA, is at 92.39. The EMA is seen as an important hurdle for bulls.