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JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

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  • Following the softer finish on Tuesday, markets are rebounding on the continent, helping to boost European markets higher by over 1% apiece. The EuroStoxx50 is outperforming, rising by close to 1.5% while France's CAC-40 lags slightly, but still trades higher by 0.9% or so.
  • In contrast to yesterday's weakness, Europe's tech sector is leading, with materials and industrials also strong. This reversal in sentiment is clearly helping fuel US futures, with the NASDAQ future indicating a strong open later today.
  • Dip buying in the late US session helped support prices well ahead of the Apr 20 low and key support at 4110.50, keeping the outlook positive despite near-term volatility.
  • T-Mobile US, PayPal and General Motors are among the earnings highlights Wednesday.