March 17, 2023 07:17 GMT
Some limited buying interest on the cash open
BUNDS
- A much calmer session for Bund overnight, following a stunning week in terms of range and above average volumes.
- The contract swung 480 ticks on Monday, 321 on Tuesday, 464 on Wednesday and 216 yesterday, for a total traded range of 480 ticks for the past 4 days.
- Although the contract shows in the red overnight, buying interest is emerging on the cash open, with similar early flows in Equities, but price action lacks momentum since the cash open.
- Resistance in Bund moves down to 137.19, while initial support is at 135.73.
- Today sees, EC final CPI, and out of the US, IP and prelim Michigan.
- BOE releases Ipsos inflation attitudes survey.
107 words