Gilts calls are wide, given the divergence between Tnotes and Bund.
Range 121.00/121.20, tightening to 121.07/121.15
USD: Selling continuation
Mar-30 13:16
USD is seeing some selling continuation on the European open (Bund Cash open), testing session low versus the EUR, GBP, SEK, MXN, CNH, CNY, MYR, TWD, SGD and AUD, helped by the lower yields.
Gold is firmer on the follow.
Yen is the best performer, up 0.95%, after an incredibly volatile 2 sessions.
EURUSD resistance is at 1.1150 50-day EMA.
USDJPY support comes at 121.32 Low Mar 28
What to watch (2/2)
Mar-30 13:16
Elsewhere we have Swedish confidence data due for release at 8:00BET / 9:00CET which has the potential to move SEK, particularly as expectations of an earlier rate rise have been increasing in recent weeks. Eurozone confidence data at 10:00BST / 11:00CET is unlikely to move the docket, while US GDP data at 13:30BST / 14:30CET is the third print, so again unlikely to be market moving.
We are also due to hear from Riksbank's Ohlsson, ECB's Kazimir, Lagarde, Holzmann, Wunsch, Makhlouf and Panetta, as well as the Fed's Barkin and George.
Note that Russia-Ukraine talks will not be continuing today in Istanbul, with the overnight rhetoric form the west being seemingly distrustful of any Russian promises at this point.