June 17, 2024 12:29 GMT
Seeing further daily unwind
BUNDS
- Bund continues to see further unwind, after the contract rallied on Safer Haven flow, with Investors parking Cash last week.
- Weekend comment from Marine Le pen have been supportive of the EUR, and in turn helping German Yield higher, noting that she would work with Macron if she was to prevail at the Elections.
- The contract is testing through the 23.6% very short term retrace of last week's rally, which was situated at 132.34.
- Small next support is seen towards 131.97.
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