All eyes on Jackson Hole?

All hands on Deck, or fire in the hole?

There's plenty of doubts in the street with ISM and NFP next week, but the event will be closely watched.

Regardless, the street is clearly on the sideline, at least overnight, as the Bund contract trade in a 6 ticks range and 2.2k lots before the cash open.

Will we get any hints on tapering from Powell at 15.00BST/10.00ET, is the question of the day.

Technically, risks remains tilted to the downside, but the contract so far trades within this week's ranges, albeit with a early bid tone.

We have no tier 1 data out of Europe, but if you have Scandi interest, early focus will be on the Swedish GDP and Retail Sales, but won't impact Bund of course.

Out the US, Wholesale Inventories and PCE deflator is the highlight, while Michigan will be final reading.

Although, this will likely be superseded by Powell.