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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: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(U0) Correcting *RES 4: 175.78 High......>
BUND TECHS: (U0) Correcting
*RES 4: 175.78 High May 29 and key resistance
*RES 3: 174.78 20-day EMA
*RES 2: 174.61 Low May 27
*RES 1: 174.37 High Jun 4
*PRICE: 174.29 @ 10:43 BST Jun 11
*SUP 1: 172.57 Low Jun 5
*SUP 2: 172.21 3.000 projection of May 5 - 12 swing from May 15 high
*SUP 3: 172.00 Round number support
*SUP 4: 171.79 3.236 projection of May 5 - 12 swing from May 15 high
Bund futures are still trading above 172.57, Jun 5 low. A near-term bearish risk
however still exists following last week's move lower where a bearish cycle was
established and a clear bearish price sequence of lower lows and lower highs
confirmed. Further weakness would open 172.00 next and potentially 170.87, Mar
19 low further out. On the upside, initial resistance is seen at 174.37, Jun 4
high.
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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.