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Equities are paring gains

CROSS ASSET
  • Equities are pairing earlier gains and are pushing lower, with similar push lower in Govies, ahead of the US retail sales.
  • Small support in Bund is still at 135.07 initially, and a break through the later, opens to 134.52 76.4% retracement of the Jan 2 - 19 bull run.
  • Moves in Govies and Risk, and also following Yesterday's US data, keeps the Dollar elevated.
  • AUD is still the worst performer and now testing 0.6886, Monday's low, but better support in AUDUSD is seen at 0.6856, the February low and lowest print since the 6th January.

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