Wild Monday Morning Briefing
Wild Monday Morning Briefing
It’s already been a rough early session today on the Forex front as the Eurostat consumer price index for March threw a good monkey wrench in any EUR related pairs. And on the U.S. side at 9:55am EDT we’ve got Yellen scheduled again – seriously, is she on every single week now? Haven’t we suffered enough?
Anyway, I recommend you watch your six an hour after the open as I expect a hefty helping of volatility on the equities side. A few hours later it’s Carney’s turn – so cover any GBP pairs beforehand. For your convenience I have posted a guide to negotiating today’s market minefield above.
We actually have a very nice configuration on the ES and YM today but given the event schedule enter at your own risk. If the above NLBL triggers anytime soon I may jump in with 1/2R but make sure to be out before Yellen strikes at 10:30am EDT.
I however have some general observations about the current market condition I would like to share – please step into my lair:
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Cheers,