GVI 1:37 – things may pickup on Wednesday with CPI
players are still primed for higher for longer inflation i.e jerome and gang being ineffective (also thks to yellen and her policies)
current player theme is for higher print and so odds of higher yield and so higher dlr still
Qtn is … what will players’ trading theme turn to after that.
7 days left before donald traverses w/h doorsill.
to great angst of the deep state, I suspect
Attack on UK bonds taking a breather and that has seen some EURGBP back off from the earlier .8424 high (last .8393), giving GBPUSD a bid abiove 1.21 while keeping EURUSD on its backfoot.
We have been down this road before but it looks like Israel-Hamas are heading for some sort of a hostage agreement as Trumpo has pushed for one ahead of the inauguration.
there could be some sizeable option FOREX defended going into the NYC morning hours there between 1.02 and 1.0150. The latter level gives, Its mediumm trend confo downwards as I see
dunno if this is going to happen today or next days… but seems very hard to defend there… the hedges might be removed there at some point eventually.. as new options strategies have to be recalculated here
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street’s S&P 500 index has all but wiped out its post-election gains, weighed by bond markets fearful of an inflation and interest rate resurgence if the hot economy gets stoked by President-elect Donald Trump’s incoming administration.