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Remains under pressure

  • Bund dipped 24 pips on the cash open, on the back of the UK retail sales headline beat, but is slowly returning to pre data levels.
  • The contract was trading around 134.28.
  • Bund is nonetheless still trading at its lowest level since the 3rd of January, and next support will be seen at that date's low, 133.79.
  • Small initial resistance moves down to 134.77.
  • This morning sees, French final CPI, Portugal PPI, and out of the US, Leading index.
  • SPEAKERS: ECB Villeroy, Fed Barkin, Bowman.

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