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Why MNI
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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.
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Free AccessMNI BRIEF: Aussie Trimmed Mean Rises In Oct
Pushing lower post Cash open
- A very tight limited overnight range for Bund ahead of a very busy day, given the US 4th July Holiday Tomorrow.
- The German 10yr futures still trades closer to the next support noted at 130.25 post Cash open to test the intraday low, helped by Treasury sellers just pre EU Cash open, with 3.1k sold in TY, 2.6k in FV and 2.5k in TU, all cumulative volumes.
- Bund still sees small resistance moving down to 130.85, only managed a 130.76 high Yesterday, followed by 131.52 (gap).
- Immediate support comes at 130.25, followed by 129.97.
- It's a very busy day on the Data front, includes final Services PMIs for France, Germany, EU, UK, US.
- US ADP/IJC/ISM services/price paid, and final durable goods are also due, as well as the FOMC minutes.
- SUPPLY: German €5bn 10yr Bund (Equates to 42.1k Bund) should weigh into the bidding deadline.
- SPEAKERS: Final Sintra Forum day, ECB Lagarde, Guindos, Cipollone, Lane, Knot, and Fed Williams.
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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.