July 12, 2024 06:14 GMT
More Inflation Data in focus today
BUNDS
- Bund saw a small gap lower on the open, and while it is showing that it is down ~35 ticks, the contract is still closer to Yesterday's best level following the US CPI miss.
- Immediate small resistance is at today's high, 131.75 gap, printed a 131.76 high post Cash open, followed by 132.24.
- Support will come at 131.05 initially, Yesterday's low.
- Today sees more inflation data, with France/Spain final CPIs, US PPI, and prelim Michigan.
- BoE releases Quarterly bulletin article.
- SPEAKERS: Fed Goolsbee.
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