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Edging lower post cash open

BUNDS
  • There was very little changed for Bund overnight, pre Cash open, the contract remains at the upper end of last week ranges, helped in part by a Dovish ECB Vujcic and a US PPI miss on Friday.
  • Post cash open, Bund unwinds some of the US PPI gains, small support moves up to 135.15.
  • Main areas of interest, with support at 134.87 and resistance at 136.25 are untested.,
  • Today, there's not real Tier 1 data to start the week, EU IP is unlikely to be a real market mover, and no data are scheduled out of the US on MLK day.
  • US Futures are open, Cash are closed.
  • SPEAKERS: ECB Holzmann in Davos.

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