DislikedEurope going home with markets in perfect synch especially FTSE testing key 6600.xx for the W close for the BOE rate cut next week and with Euro finally losing floor. {quote} {quote} They are going for ATH don't bother fading it right now ...my 2 cents. Markets were in desperate need for good news. Relief rally from the US macro side and we have rate cuts and a potential avalanche of more free money for the bastards from Europe (risk and CB) in the upcoming days. Except from a massive risk blow in the UK (not expected next week cause BOE) there...Ignored
personally, I welcome the tiny pops in european equities to load up some short positions, but as you say, the key area in FTSE100 and BoE should get us excited
on the currency front, I am loaded in some puts on FXE and FXB, but also interested in actual spot, where for euro I am eyeing 1.0780 and obviously below if the Fed is for real on the hiking cycle.
overall all as planned, except for SP500 which I can only sit on for now. (was waiting for the vol pop and some movement to the south, but obviously it is northbound and we are at ATH)