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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
(Z0) Corrective Cycle Extends
- RES 4: 135.644 Former trendline support drawn off the Sep 1 high
- RES 3: 135.637 61.8% retracement of the Nov 4 - 11 sell-off
- RES 2: 135.600 Low Nov 4
- RES 1: 135.550 Intraday high
- PRICE: 135.540 @ 05:14 GMT Nov 30
- SUP 1: 135.330 Low Nov 25 and key near-term support
- SUP 2: 135.170 Low Nov 16
- SUP 3: 135.000 Low Nov 11 and the bear trigger
- SUP 4: 134.945 76.4% retracement of the Sep 1 - Nov 4 rally
BOBL futures sold off sharply Nov 9 highlighting a bearish risk. However price action has since Nov 11 entered a corrective phase and continues to retrace the Nov 4 - 11 sell-off. Futures have probed resistance at 135.540, a clear break would open 135.637, a Fibonacci retracement. The former trendline resistance drawn off the Sep 1 high intersects at 135.644. On the downside, key near-term support has been defined at 135.330.
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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.