29/09/2014

Bund 30min

Based on US tens current print should see bunds open around 149.38, could see an early test of 149.25 area. I don't expect many positive surprises from todays European data releases so I'm not looking for any real follow through this morning.

€ curve

Looking at the short term trend to continue for the morning to go with bunds slightly lower. Month end extensions to consider. Long term tho picture is still for flattening I just wouldn't put any flatteners on at these prices.

€ted

 Schatz ted drifting to bottom of uptrend, poor TLTRO take up weighing on Euribor strength. Trend is still up for now. I'm not expecting too much from this weeks ECB. We'll probably need the December levels on TLTRO before considering if something else is needed. Bobl Ted playing from both sides....slightly more comfortable with longs.

 

 

data for this week....

http://www.fxstreet.com/economic-calendar/

Good luck
L