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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
(U2) Retracement still Considered Corrective
- RES 4: 161.38 2.00 projection of the Jun 16 - 24 - 28 price swing
- RES 3: 160.00 Round number resistance
- RES 2: 159.79 High Apr 4 (cont)
- RES 1: 158.33/159.70 High Aug 3 / 2 and the bull trigger
- PRICE: 155.70 @ 05:05 BST Aug 15
- SUP 1: 154.75 Low Jul 28
- SUP 2: 153.65 50-day EMA
- SUP 3: 149.69 Low Jul 21 and key short-term support
- SUP 4: 148.24 Low Jul 1
Bund futures traded lower again Friday. The current retracement is still considered corrective and the short-term trend direction remains up. Moving average studies are in a bull mode condition and the bullish price sequence of higher highs and higher lows is intact. A resumption of gains would open 159.79, Apr 4 high (cont). Key trend support has been defined at 149.69, Jul 21 low. A break is required to signal a potential top. Initial support is 154.75.
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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.