All eyes on the the UK today. Unemployment Rate 09:30 followed by BofE qtly inflation report an hour later. Last one was rather volatile so we live in hope for some action.
Anyway here are some charts.
Starting with the US 10s
Steam running out on the downside momentum right now. I guess we need to see a bit of range trading before we get the energy for another push down. Or retrace the positive NFP.
Bunds
Bunds did a good job of supporting around 140.55/50. momentum still to the downside but a break above 140.87 may see that change for me. As a consequence of this I'm reluctant to go against the strength in curves.
€ curves #buydips - Could get a decent opportunity to do so today as there is a Schatz auction to watch for this morning.
Good luck
Lee
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