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ALL EYES on the ECB this week

BUNDS
  • ALL EYES are on the ECB this week and looking at the calendar there's very little throughout the week.
  • EU GDP will be final reading, and the notable release will be on the US CPI (Friday).
  • A tight overnight session for the contract, and although off its lows, yields remain at multi year highs.
  • Support is still seen at the next psychological Yield, 1.30% equated to 149.62.
  • Initial resistance comes at 150.59.
  • Price action in Europe will make for an interesting Gilt open, as the UK catch up.
  • There is no data of note nor speakers to start the week.

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