Free Trial

A busy week ahead

BUNDS
  • Bund sits at Friday's mid range overnight and into the cash Govie open, ahead of a packed week on the data front.
  • German Retail Sales was mixed albeit revised higher, but had no real impact on the German Bund.
  • Small initial upside target is at 132.88 (gap), followed by 133.34 (Friday's high).
  • Support is seen at the 131.92/131.81 area.
  • Month End for Bonds, are small/average for the US and EU, and a non event for the UK, should have a limited impact, although August is seasonally a bullish Month for the contract.
  • Nonetheless, Markets will be taking their cue from the Data releases.
  • A busy start for the week with, Italy CPI/GDP, EU CPI/GDP, Portugal CPI, and on the other side of the Pond, MNI Chicago PMI.
  • ECB publishes survey of Monetary analysts.
  • SPEAKERS: Fed's Goolsbee Speaks on Yahoo! Finance Live.

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.