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Decent miss for French services PMI

FRANCE DATA

That's a decentt miss in the French services number. Seeing Bunds and gilts move higher on that now.

Note that we earlier pointed to bigger market moves off weak numbers and flagged the following levels:

  • For Bunds focus is on 175.08, Aug 4 high and a major resistance.
  • Gilts: Resistance is at 137.05, 76.4% retracement of the Aug 4 - 28 decline
  • DXY: The next resistance and hurdle for bulls is at 94.40, 23.6% retracementof the Mar - Sep sell-off.

German PMIs are due at 8:30BST with Eurozone numbers at 9:00BST.

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