Armegeddon Days Are Here.....Again

My information streams are getting clogged up with Syria news these days. I guess its only a matter of time before the strikes occur. Once again positive numbers in the U.S. shrugged off. Quite some down move in bonds was triggered from the ISM number but by the close of Eurex we were back to pre release levels.

Very choppy price action as you would expect with the fundamentals and Geo political themes contrasting at the mo. We appear to be in the middle of range at for me, the Eurex roles and ECB coming up later this week I see no need to make directional calls to today. Keeping powder dry and being able to respond to events/comments as they unfold.

€ curves continue the slow climb higher in the longer term. Short term will be effected by any Middle east action.

Plenty of EU data to watch for this am including EUR GDP and Retail Sales. Also a Bobl auction.

 

Good Luck

L