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Higher overnight on Trump positive Covid test

BUNDS
  • Bund futures moved from 174.70 to 174.90 after the initial reaction to the news President Trump had tested positive for Covid-19, but has stabilised over the past few minutes.
  • Note that our technical analyst sees the next resistance at Wednesday's high of 174.95 with the bull trigger at the August 4 high of 175.08.

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