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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 ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
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(Z0) Stalls At Key Resistance
- RES 4: 175.43 1.000 projection of Aug 28 - Sep 3 rally from Sep 7 low
- RES 3: 174.93 0.764 projection of Aug 28 - Sep 3 rally from Sep 7 low
- RES 2: 174.63 0.618 projection of Aug 28 - Sep 3 rally from Sep 7 low
- RES 1: 174.51 High Aug 21, high Sep 9 and the bull trigger
- PRICE: 173.67 @ 04:31 BST Sep 10
- SUP 1: 173.51 Yesterday's low
- SUP 2: 173.33 Low Sep 7 and key support
- SUP 3: 172.35 Low Sep
- SUP 4: 172.24 Low Aug 28 and major support
Bund futures traded lower yesterday reversing what had appeared to be a resumption of its uptrend. Despite the pullback, price remains above key support at 173.33, Sep 7 low and a positive outlook remains intact. The focus is on 174.51, Aug 21 high and yesterday's high. Clearance of this hurdle would open 175.08, Aug 4 high. Sub 173.33 levels would instead highlight a bearish threat.
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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.