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ALL EYES on the NFP this week

BUNDS
  • A tight overnight range session for Bund, with ALL EYES on NFP this week on Friday.
  • The contract has a small opening gap up to 157.57, which will be seen as the initial resistance.
  • Above the latter sees that 157.87/157.97 area.
  • Support is seen towards 156.89 initially.
  • August is seasonally a bullish month, but given the environment, markets will continue to take their cue from Data.
  • Today, sees global Manufacturing PMIs to start the week, but will be final readings for France, Germany, EU, UK and US.

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