Flop in Japan (...and after all the crazy BOJ ...no comments) and bond markets out of control. Things keep looking darker and darker for the fall and most markets are getting seriously dislocated from fundamentals which like usual is a screaming warning signals in global markets...
Active early week with plenty of reports until the Minutes. Nothing new in Sterling begging for buyers and the softer wind will blow GU a few handles.
Euro entering in key mid term decision time after last week. Officially this can be the last 1 or 2 week(s) for bulls this year. On the TA side, failure to take the 1.12xx handle this month will lock all the way down 1.14xx and confirm the high of this Quarter and Year. To the other side is crunching times for bulls, last chance for those still playing the test 1.18xx ( i know a few here).
On the short term, nothing new in Equities and Commodities, while in FX we are cooking another 'monster' move. Sterling lows naked, Euro chopping around like usual this summer, expecting current soft highs get shaking out till the Minutes .
sisse
Active early week with plenty of reports until the Minutes. Nothing new in Sterling begging for buyers and the softer wind will blow GU a few handles.
Euro entering in key mid term decision time after last week. Officially this can be the last 1 or 2 week(s) for bulls this year. On the TA side, failure to take the 1.12xx handle this month will lock all the way down 1.14xx and confirm the high of this Quarter and Year. To the other side is crunching times for bulls, last chance for those still playing the test 1.18xx ( i know a few here).
On the short term, nothing new in Equities and Commodities, while in FX we are cooking another 'monster' move. Sterling lows naked, Euro chopping around like usual this summer, expecting current soft highs get shaking out till the Minutes .
sisse
Pending conversations? PM for a chat...I am mainly in OTM now