MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(U4) Corrective Cycle

BOBL TECHS
  • RES 4: 116.750 High May 16 and the bull trigger
  • RES 2: 116.420 High May 17
  • RES 3: 116.351 76.4% retracement of the May 16 - 31 bear leg
  • RES 1: 116.160 High Jun 4
  • PRICE: 115.900 @ 05:31 BST Jun 5
  • SUP 1: 115.640 Low May 31
  • SUP 2: 115.320 Low Jun 3
  • SUP 3: 115.060 Low May 31 and the bear trigger
  • SUP 4: 115.000 Round number support

A downtrend in Bobl futures remains intact and last week’s extension lower reinforces current conditions. The latest recovery is considered corrective - for now. The next resistance to watch is 116.351, a Fibonacci retracement point. For bears, a reversal lower would refocus attention on key short-term support and the bear trigger at 115.060, the May 31 low. A break of this level would confirm a resumption of the bear trend.

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.