Treasury futures maintain a bearish tone and the contract is trading closer to its recent lows. Support at 110-01+, 76.4% of the Apr 11 - May 1 bull leg, has been cleared. The breach strengthens a bearish theme and exposes key support at 109-08, Apr 24 low and a bear trigger. Key near-term resistance is at 111-22, the May 7 high. A move above this level is required to signal a potential reversal. First resistance is at 110-23+, the 20-day EMA.
Find more articles and bullets on these widgets:
Date | Time | Country | Event |
25-Apr | 0745 | FR | Manufacturing Sentiment |
29-Apr | 0700 | DE | GFK Consumer Climate |
29-Apr | 0800 | ES | HICP (p) / GDP |
29-Apr | 0900 | EU | M3 / Consumer Expectations Survey |
29-Apr | 0900 | IT | ISTAT Confidence Indices |
29-Apr | 1000 | EU | Consumer Confidence, Industrial Sentiment |
30-Apr | 0630 | FR | GDP (p) / Consumer Spending |
30-Apr | 0700 | DE | Import/Export Prices / Retail Sales |
30-Apr | 0745 | FR | HICP (p) / PPI |
30-Apr | 0855 | DE | Unemployment |
30-Apr | 0900 | DE | GDP (p) / State level CPI |
30-Apr | 0900 | IT | GDP (p) |
30-Apr | 1000 | EU | GDP preliminary flash est. |
30-Apr | 1000 | IT | HICP (p) |
30-Apr | 1100 | IT | PPI |
30-Apr | 1300 | DE | HICP (p) |
JGB futures are stronger, +18 compared to settlement levels, sitting near the middle of the range after a choppy session.