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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 EUROPEAN OPEN: NZD Firmer Post RBNZ, USD/JPY Dips Further
MNI: PBOC Net Drains CNY33.8 Bln via OMO Wednesday
(Z2) Approaching Key Support
- RES 4: 144.56 High Sep 12
- RES 3: 143.68 38.2% retracement of the Aug 2 - Sep 28 bear leg
- RES 2: 142.87 High Oct 4
- RES 1: 140.28 20-day EMA
- PRICE: 136.25 @ 05:15 BST Oct 11
- SUP 1: 135.83 Low Oct 10
- SUP 2: 135.52 Sep 28 low and key support
- SUP 3: 135.27 Low Mar 2012 (cont)
- SUP 4: 134.76 4.382 proj of the Aug 2 - 12 - 15 price swing
Bund futures are trading closer to their recent lows. The reversal from 142.87, Oct 4 high marked the end of the corrective bounce higher between Sep 28 - Oct 4. This reinforces the broader bearish theme and moving average studies remain in a bear mode position. The focus is on 135.52, the Sep 28 low and key support. Price needs to clear resistance at 142.87 to suggest scope for a stronger reversal.
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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.