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A packed day for Central Banks

BUNDS
  • Bund is led lower on the cash open, after EU car sales rose 17% in November, and the contract broke yesterday's low, but lack momentum ahead of the ECB rate decision and presser.
  • Support is seen further out, towards 139.13, while resistance comes at the 140.24, opening gap.
  • Today includes, French final CPI, and on the other side of the Pond US Retail Sales.
  • ALL EYES will be on Central Banks, with SNB (exp 50bps hike), Norway (exp 25bps hike), BoE (exp 50bps hike), ECB (exp 50bps hike).
  • SPEAKERS: Pressers from the SNB, Norges Bank, and the ECB.
  • For the BoE, there is no press conference in a non-MPR month.

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