June 07, 2024 06:21 GMT
US NFP/AHE is at the forefront
BUNDS
- A 20 ticks range overnight session, with multi cross assets all range bound ahead of the awaited US NFP/AHE.
- Bund resistance is still at 131.55, did print a 131.58 high this week. This is followed by 131.75 initially.
- Support moves down to 130.48, did print a 130.50 low this week.
- The German IP missed expectation, and was only worth a 10 ticks gain.
- Today sees, EU final GDP, and US NFP/AHE. Range for NFP is 120k/258k, median 180k and whisper (so far) stands at 165k. US Wholesales Inventories will be final reading.
- SPEAKERS: ECB Lagarde, Nagel, Simkus, Holzman, Schnabel, Centeno, expect more of the data dependency, meeting by meeting rhetoric. Fed Cook (address to the Girls Global Academy).
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