Free Trial

Testing small resistance on the cash open

BUNDS
  • Bund continues to unwind some of the big September sell offs, fading after testing the Psychological 3% level, reached a 3.026% peak Yesterday.
  • The contract has tested and broken the small resistance seen towards 127.79 on the cash open, but has lacked traction.
  • Further continuation targets 128.00, followed by 128.45, did print a 128.50 high on Monday.
  • Supports moves up to 127.26 and 127.06 initially.
  • Today sees, French IP, UK DMP CPI expectation, US IJC/Trade balance.
  • The BoE also releases decision panel survey.
  • SUPPLY: Spain 29s, 33s, 42s, France 33s, 43s, 54s.
  • SPEAKERS: Plenty of speakers for the session, ECB Nagel, Guindos, Villeroy, Lane, BoE Broadbent, Fed Kashkari, Barkin, Daly, Barr.

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.