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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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