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BUNDS: Some Upside extensions post GDPs

BUNDS
  • Another push through the high for Bund, as Germany and Italy miss estimates, France also missed expectations earlier.
  • The move overall is still fairly limited was worth an extra 11 ticks for Bund on the release.
  • We noted that the 20 day EMA has moved down to 131.97 today, but better is still seen at 131.22 and 131.57 initially.
  • EURUSD now tests its tight intraday low, but stays above the 1.0400 figure for now.
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  • Another push through the high for Bund, as Germany and Italy miss estimates, France also missed expectations earlier.
  • The move overall is still fairly limited was worth an extra 11 ticks for Bund on the release.
  • We noted that the 20 day EMA has moved down to 131.97 today, but better is still seen at 131.22 and 131.57 initially.
  • EURUSD now tests its tight intraday low, but stays above the 1.0400 figure for now.