TGI-F!
Quite the volatile session in Asia, where the BoJ kept rates steady but announced a new measure to support the economy: 300 Bln Jpy worth of ETF purchases per year. The markets have digested the news however and are carrying on their normal path. Equities closed lower yesterday and we may see a "risk off" Friday due to book squaring.
Today is all about option expiries and positioning. There is the expiry of stock index futures, stock index options, stock options and single stock futures. Furthermore, the Euro has a huge 5.7bn 1.0800 expiry today, along with other two 5bn expiries at 1.0700 and 1.0900.
Looking Forward: we only have Canadian CPI and Richmond Fed President Lacker speaking on the 2016 economic outlook at the Charlotte Chamber of Commerce at 18:00 GMT.
No trades for me today although I do feel we'll get more declines in equities.
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