Free Trial

UK Budget, US PPI and Retail Sales in focus

BUNDS
  • Bund saw a more steady overnight session after seeing some huge swings in the past sessions, 407 ticks on Monday and a 321 ticks pullback yesterday.
  • The contract did test 133.82, yesterday's low, but lacked momentum and printed a 133.76 low for the early session.
  • Support will be at the 133.82/133.76 area, and below the latter Monday's low at 133.17 initially.
  • Small resistance moves down to 134.67, followed by the 135.24/135.38 area.
  • Today sees, French final CPI, EU IP, and on the other side of the Pond, US PPI and Retail Sales.
  • SUPPLY: German 2050 and 2053 (equates combined to 15k Buxl), could way.
  • Out of the UK, the Chancellor of the Exchequer Jeremy Hunt's annual budget.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.