Disliked{quote} I agree 100%, and I'm trading for November / December, however; I think the market is split (when looked at through options/futures for dollar/euro/spx)Ignored
Markets are a bit hesitant (especially in the FX board) not in terms of direction itself but rather baffled by the [stupidity] of the UK government attitude this week.
They don't really know (who can really?) how to digest or how deep to digest (especially in the US) what is going in Europe and how much it will be something contained to the Pound itself or if this is the tip of the iceberg of a monster storm coming from Europe.
In a more practical sense, the Euro has become the referee and buffer from the UK to the rest of the board. If Euro gives up (btw for today Europe is going home but markets are a notch tired and US look rather indifferent after the inline NFP so odds for some more action today will plummet at the top of next hour) it will serve as contagion agent across the board ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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