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Equities and Yield falls, Dollar extends gains

CROSS ASSET
  • Bund has managed to fully reversed the US CPI sell off from Wednesday, some of the flows have been in part Rate related, as Investors look for the ECB to move first on rates, but momentum have also been supported on Geopolitical Risks, and potential response from Iran.
  • Safer Haven assets, like Govies and the USD have been favoured going into the weekend.
  • In terms of technical for Bund, some will look at 133.10 for resistance, but initial area of interest is at 133.24 (gap).
  • Resistance for TYM4 is at 109.02, and the contract would need a test to 109.22+ to reverse Friday's sell off.

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