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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Price Signal Summary - Trend Structure In Gilts Remains Bullish

OUTLOOK
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News
  • In the FI space, Bund futures maintain a firmer short-term tone following last week’s gains and short-term pullbacks are considered corrective. Price has breached resistance at 130.93, the Nov 9 high, to confirm a resumption of the uptrend that started on Oct 4. The move higher opens 132.13, 1.382 projection of the Oct 4 - 12 - 23 price swing. Firm support to watch is 129.35, the Nov 7 / 13 low. A breach of this level would highlight a possible reversal. Initial support lies at 130.36, the Nov 15 low.
  • Gilt futures maintain a firmer tone and last week’s gains reinforce current bullish conditions. Resistance at 96.71, the Sep 20 high, has been breached. This paves the way for a climb towards 98.98 next, the May 22 high on the continuation chart, and potentially 99.26, 50.0% of the Mar 20 - Oct 23 downleg (cont). On the downside, key short-term support has been defined at 94.58, the Nov 13 low. First support lies at 95.93, the Nov 15 low.
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  • In the FI space, Bund futures maintain a firmer short-term tone following last week’s gains and short-term pullbacks are considered corrective. Price has breached resistance at 130.93, the Nov 9 high, to confirm a resumption of the uptrend that started on Oct 4. The move higher opens 132.13, 1.382 projection of the Oct 4 - 12 - 23 price swing. Firm support to watch is 129.35, the Nov 7 / 13 low. A breach of this level would highlight a possible reversal. Initial support lies at 130.36, the Nov 15 low.
  • Gilt futures maintain a firmer tone and last week’s gains reinforce current bullish conditions. Resistance at 96.71, the Sep 20 high, has been breached. This paves the way for a climb towards 98.98 next, the May 22 high on the continuation chart, and potentially 99.26, 50.0% of the Mar 20 - Oct 23 downleg (cont). On the downside, key short-term support has been defined at 94.58, the Nov 13 low. First support lies at 95.93, the Nov 15 low.