MNI BRIEF: Japan August Sentiment, Outlook Indexes Rise

MNI BRIEF: China Aug CPI Rises To Half-year High At 0.6% Y/y

MNI: PBOC Net Injects CNY88 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.0989 Mon; +3.38% Y/Y

CHINA AUG FOOD PRICES +2.8% Y/Y VS +0.0% Y/Y JUL

CHINA AUG CPI +0.6% Y/Y VS MEDIAN +0.7%; JUL +0.5% Y/Y: NBS

ECB Data Watch

MNI JAPAN Q2 GDP REV +0.7% Q/Q; PRELIM +0.8%; MEDIAN +0.8%

EZ/UK Bond Supply Calendar: EU Syndication; BoE APF Due Monday

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U2) Downtrend Remains Intact

BOBL TECHS
  • RES 4: 127.160 High May 12
  • RES 3: 126.710 High May 26
  • RES 2: 125.658 20-day EMA
  • RES 1: 125.380 Low May 18
  • PRICE: 124.220 @ 05:03 BST Jun 6
  • SUP 1: 124.110 Low Jun 6
  • SUP 2: 124.000 Round number support
  • SUP 3: 123.830 1.618 proj of the May 12 - 18 - 26 price swing
  • SUP 4: 123.570 1.764 proj of the May 12 - 18 - 26 price swing

Bobl futures traded lower again Friday, extending last week’s bearish price action. Price has traded through former support at 124.840, the May 6 low. The fresh cycle lows confirm a resumption of the primary downtrend and maintain the bearish price sequence of lower lows and lower highs. The focus is on the 124.00 handle next. Initial resistance is seen at 125.380, the May 18 low. Gains would be considered corrective.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.