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Focus turns to the US Michigan

  • A very tight 19 ticks overnight range for Bund (136.13/136.32 pre cash open).
  • There was no impact from the inline UK GDP, but the contract ticked lower, dragged by JGB, as Nikkei reported that the BOJ will nominates Kazuo Ueda as their next Governor.
  • Support in Bund is still at 135.55. and resistance comes at 137.38, followed by 137.79.
  • This morning sees, Italian IP and Portugal final CPI, but most of the focus will be on the US prelim Michigan this afternoon.
  • SPEAKERS: BoE Pill, ECB Schnabel, de Cos, Fed Waller and Harker are at a Crypto conference.

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