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Another busy day ahead

BUNDS
  • Bund continues to extend higher, albeit still short of Monday, Tuesday's high, as Desks unwind positions following the less Hawkish Fed.
  • Next resistance comes at the 131.00 figure followed by 131.47, while support moves up to 130.38, followed by 129.95 (gap).
  • It's another busy day on the data front with all the focus on US NFP/AHE and ISM. On this side of the Pond, only sees French IP and and UK final services PMI, unlikely to move the needle.
  • As such market moves should be somewhat limited ahead of the Data, although low Volumes and liquidity, could potentially exacerbate some of the Fast Money moves.
  • SUPPLY: Belgium 2057, 2071, won't impact Bund.
  • SPEAKERS: Fed Goolsbee (non voter).

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