Free Trial

Services PMIs in Focus

BUNDS
  • Bund is underpinned on the cash open, with Block buyer in US Treasuries earlier.
  • FVH2 3.04k was blocked at 119.1275.
  • Bund still trade well within last week ranges, as the Globe await for the FOMC this week.
  • Small resistance is seen at 170.51, followed by 170.70 20-day EMA.
  • Support is at last week's gap down to 169.80 initially.
  • Early focus to start the week will be on Prelim Services PMIs.
  • SUPPLIES: EU EU2.5bn 0.4% 2037 (would equate to 23.4k Bund).

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.