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US OUTLOOK/OPINION

SocGen Sees Big Unemp Rate Drop; JPM In Line On Job Gains

GBPUSD TECHS

Trend Direction Remains Down

FED

Reverse Repo Operation

COMMODITIES

Lumber Breaks Back Above Its 200DMA

BRAZIL

Precatorios Bill Comfortably Passes Senate Vote

GILT TECHS
GILT TECHS: (M18) 50% Fibo Retrace At 122.01 The Next Upside Barrier
*RES 4: 122.65 61.8% Fibo of 124.73-119.29
*RES 3: 122.60 Jan 22 low, now resistance
*RES 2: 122.21 1% volatility band
*RES 1: 122.01/02 50% Fibo of 124.73-119.29, Mar 2 high
*PRICE: 121.71 @0913GMT 
*SUP 1: 121.43/44 Mar 2 low, hourly base Mar 1
*SUP 2: 121.25 Feb 27 high, now support
*SUP 3: 121.05 Hourly congestion area Feb 27
*SUP 4: 120.82 Feb 21 high, now support
*COMMENTARY* Has continued to recover since finding a base at 119.29, in the
middle of last month. The further lift through 121.37 last week has seen the
rally move towards the next Fibo retrace level, the 50%, at 122.01. Will need to
maintain a break through here, before thoughts can turn to the upper 1%
volatility band, at 122.21 by time today and then the next area of note between
122.60-122.65. Meanwhile, support comes from above 121.44-121.43.