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

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

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

(Z0) Bullish Trend Sequence Intact

BUND TECHS
  • RES 4: 177.40 2.000 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 177.00 Round number resistance
  • RES 2: 176.89 1.764 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 1: 176.83 High Nov 4 and the bull trigger
  • PRICE: 176.39 @ 04:54 GMT Nov 6
  • SUP 1: 176.09 Low Nov 5
  • SUP 2: 175.53 Low Nov 4 and a key support
  • SUP 3: 175.27 Low Oct 27 and trendline drawn off the Sep 1 low
  • SUP 4: 175.00 Low Oct 23 and a key support

Bunds are trading at the upper end of this week's range and maintain a bullish tone. Wednesday's rally off the day led to a fresh high print of 176.83. The climb to 176.83 confirmed a resumption of the underlying uptrend extending the bullish price sequence of higher highs and higher lows. Further gains are likely with the focus on 176.89 next, a Fibonacci projection. Initial key support lies at 175.53, Wednesday's low.

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.