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Free AccessResistance in the ERU3/ERZ3 spread holds
- The double top at 5.5 in ERU3/ERZ3 held yesterday, although did print a 6 high.
- As noted this Month, saw decent buying interest in the ERM3/ERU3 and the ERU3/ERZ3.
- The June no longer trades, and some of the front Month volume is explained by ERU3/ERZ3 trading 14.7k outright to the downside, after printing another 5.5 high, the spread is settling back to 3/3.5.
- ERU3/ERH4 is seeing some buying interest off the lows, after it rose to its highest levels since mid March Yesterday, the spread fell from -3 to -9 this morning.
- Nonetheless the Euribor strip remains flatter today.
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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.