No charts for today. Suggest to stay flat at least until after the ECB presser.
- China is closed until Monday, so the main driver in recent weeks is away. Asian equities
are positive on this, and there is a recovery in risk appetite under way.
- Participation is light as it is...and to make things worse we have NFP tomorrow,
G20 during the weekend and Labour Day upcomming. As one contact put it
"traders have one eye on the screen and one foot out the door".
- ECB due today...market expecting some dovish language but no additional
measures. This might be the only highlight of the day.
Will update later today.
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