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Closing the opening gap

BUNDS
  • Very little change for Bund, with the contract closing the small opening gap up to the 133.00 figure on the cash open, and just short of Yesterday's high at 133.05.
  • Nonetheless, initial resistance remains at 133.34 (Friday's high), while support moves up to 132.27, followed by 131.81.
  • Although the contract will takes its cue from the data releases this week, with US NFP/AHE on Friday, risk for August is tilted to the upside.
  • Today sees, Global mfg PMIs, but will be final for FR/GE/EU/UK/US.
  • Also on the other side on the Atlantic, JOLTS, ISM mfg/prices paid are also due.
  • SPEAKERS: {us} Fed's Goolsbee gives welcoming remarks at Chicago Fed event.

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