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Equities are testing intraday highs

CROSS ASSET
  • More order related moves, as Equities test their respective highs, US Treasuries are now seeing some broad base buying, TY bought in 3.3k, FV 3.2k, TU 2.5k, and USD 1k.
  • In Europe, Bund is bought in 5k, OAT 900 lots and BTP 1k.
  • More flow related moves, given the lack of clear traction in either direction in Govies.
  • Main resistance in VGM3 is still at 4363.00 the upper range for the April/May period.
  • Emini sees 4156.25 initially.
  • EURUSD has bounced of the lows, on the Equity move, Dollar giving back small gains.

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