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Equities continue to recover

CROSS ASSET
  • Bund is still trading close to the small initial resistance noted at 131.39, so far printed a 131.36 high.
  • Cross assets have seen some unwind, Equities have recovered from their lows, Govies have seen similar price action, pulling away from Yield levels, which has also helped the Dollar lower.
  • Small resistance in TYM4 will be seen at 108.04, Yesterday's high, but seeing mostly two way flows at these upper ranges, TYM4 sold in 6k, FVM4 in 2.5k, and Gilt four clips of 500 lots, all cumulative Volumes,
  • For the Emini (ESM4), it would need a test above 5123.25 to break Yesterday's high.

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