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Free AccessBund spikes 40 ticks
- Another risk off session overnight, after Putin declared that he's recognizing two self proclaimed separatist republics.
- Mar Bund has just gained another 40 ticks in less than 30 minutes going into the cash open.
- Immediate next resistance comes at 167.52 Trendline resistance drawn from the Dec 20 high.
- Estoxx futures eye 3895.00 Low Jul 19 2021 (cont).
- The cash (SX5E), not yet opened has tested lowest level since July 2021 yesterday, and next support for the index is at the July low, 3904.78.
- Focus remains squarely on Russia, on the data front we get German IFO, but unlikely to move the needle.
- Out of the US, sees PMIs.
- SPEAKERS: Include BoE Ramsden and Fed Bostic
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.