28/08/2014

Good morning,

Steady continuation of the theme going on all day yesterday. Bull flattening in the European curve as the market positions for new stimulus package from Draghi.
The afternoon did see minor respite when sources suggested that ECB action was unlikely to come next week, outcome depends on August inflation data. Roll on tomorrow CPI!
Before then we have an abundance of European data to contend with this morning.

€ curve

I think its still a case of trend is your friend (data dependant) coming into  month end extension and another long weekend upon us odds of a turn in the curve are slim.

Click here for a full list of the economic data
http://www.fxstreet.com/economic-calendar/

Bund 30min

 

Tya 30min

Up 3.5 since Eurex close so anticipate bunds opening around 151.38.

 

€teds

 

 

 

 

Good luck

L