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Pessimism in European markets following French and German PMI prints

EUROPE
  • EURUSD continuing its downward move, now down almost a big figure on the day at 1.0134 at writing.
  • Next support at July 19 low of 1.0120.- Bund futures up almost 150 ticks on the day now at 153.62 after briefly breaching the 153.80 high of July 15. Next resistance at psychological 154.00 level.
  • Euribor strip now up to 19 ticks higher on the day - led by Reds.

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