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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.
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Free AccessMNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y
(U18) Correction Continues With Break....>
BUND TECHS: (U18) Correction Continues With Break Above 160.85-161.13
*RES 4: 162.35 61.8% Fibo of 164.19-159.37
*RES 3: 162.01 1% volatility band
*RES 2: 161.78 50% Fibo of 164.19-159.37
*RES 1: 161.66 Jun 5 high
*PRICE: 161.39 @0810GMT
*SUP 1: 160.75/85 Intraday low, hourly support
*SUP 2: 160.44 Hourly base Jun 14
*SUP 3: 160.18/22 Hourly high Jun 13, Jun 13 high
*SUP 4: 159.85/90 Hourly congestion Jun 12-14
*COMMENTARY* The recovery back above 160.18-160.22 on Thursday gave the green
light to some further correction of the 164.19-159.37 fall seen so far this
month. Today's open above 160.85 has added further impetus to the rise, now
approaching the Jun 5 high at 161.66. Any higher and the 50% Fibo retrace at
161.78 becomes the next marker and potential bar to 162.01-162.35. Support comes
from 160.85-160.75, then the 160.44 region.
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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.