It was a weak German story last night with the Bund rallying against the DAX
which is Risk Off .
At some point the Bund will trade another 60 points higher.
EUR/GBP was the feature in the crosses.
The stand out feature for me is that SPU/Bond failed to follow through and retreated into support.
I’m looking for two distinct flows today in the Indices.
Weakness into Europe’s close could be followed by late day ALGO buying.
Traders will be playing the weekly option Lottos.
We’ll be on the lookout in the room for opportunity.
Be pragmatic today.
EUR/JPY is the mirror opposite of the Monthly 30 Yr. Both are showing
potential OR months.
Given we have time left in the Month it’s just something to pay attention to.