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Bund recover from the lows

CROSS ASSET
  • Bund has seen its best single move since the US NFP post US inflation data, and fell 45 ticks on the release, but is now seeing some dip buying, to bounce some 15 ticks off its low.
  • Moves in European Equities have been far more limited and the Estoxx Futures (VGU4) Is actually breaking through the high, while the Emini lags.
  • Most Investors will look at Yesterday's high initially of 4810.00 for resistance in VGU4.

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