April 30, 2024 06:14 GMT
European CPIs in focus
BUNDS
- Bund stays in a tight 19 ticks range and closer to the next resistance noted at 130.96, printed a 130.98 high Yesterday and a 130.97 high today.
- The French GDP beat had no impact on the contract pre Cash open, nor did the German retail sales on the Cash open, with focus on CPIs.
- A break through the figure, opens to 131.32 20-day EMA/ 131.47 area initially.
- Support moves up to the 130.37 area, followed by 130.00.
- It's a busy day on the data front, with French, Italian, EU, Portugal CPIs, as well as GDPs for Spain, Italy, Portugal, Germany, and the EU.
- On the other side of the Pond sees MNI Chicago PMI.
- SUPPLY: Netherlands 2034 (equates to 21k Bund), UK £4bn 2029 (would equate to 20.8k Gilt) could somewhat weigh, German €3bn Green Bobl (equates to 25.2k Bobl) could somewhat weigh.
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