Wednesday, October 2, 2013

2nd October 2013: Themes for today

- US govt shutdown should be priced in by now. The nearest variable now is when the shutdown will end. Bearish pressure on USD should be over as short-sellers begin to take profit?

- Today's London open will coincide with the release of Spanish unemployment figures. Expect volatility to dry up perhaps 20 minutes before the London open. London open should be more volatile than usual. 

- ECB interest rate decision and conference, US unemployment figures to be released within a window of 45 minutes around the NY open. The NY / London overlap should be very volatile and possibly whip-sawish due to pressure from both EUR and USD sides. If US figures are good, expect very strong USD rally as bears trading the US govt shutdown are stopped out?

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.