Free Trial
EGB OPTIONS

Bund call spread

SONIA

SONIA FIX - 11/11/22

LIBOR

US FIX - 11/11/22

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2) Bought on Dips

BUND TECHS
  • RES 4: 155.01 1.236 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 154.65 High May 27
  • RES 2: 154.00 Round number
  • RES 1: 153.80 High Jul 15
  • PRICE: 151.84 @ 16:28 BST Jul 21
  • SUP 1: 149.69 Low Jul 21
  • SUP 2: 148.24 Low Jul 1
  • SUP 3: 146.50 Low Jun 30
  • SUP 4: 144.72 Low Jun 28 and a key support

Bund futures came under initial pressure on the ECB rate decision, touching 149.69 before rebounding sharply. This reinforces the current buy-on-dips theme, with key support unchallenged. This keeps the broader theme positive following the recent break of 152.92, Jul 6 high. This confirmed a resumption of the bull cycle. Attention is on the 154.00 handle next ahead of 154.65, the May 27 high. Key short-term support has been defined at 148.24, the July 1 low.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.