DB will share his thoughts for the week ahead in the discord a little later. Risk sentiment is off to a positive start, with a sea of Asian green on the screen... Nasdaq futures are already up 1.
So, it's the main event today... the ECB meeting! David's thoughts are here [https://mailchi.mp/macrodesiac/lets-shine-a-light-on-tomorrows-ecb-meeting?e=801d7fd37b] . The ECB "sources" piece that Bloomberg ran yesterday was good for a 70 pip rally [https://www.bloomberg.
DB's comments; Not a lot relevant for me today. Waiting for the main event tomorrow. Brexit "developments" are worth monitoring. GBP has taken a decent hit on these headline trades. There's no real substance to the reports. They
Risk is still under pressure today. Oil futures are down by 1%; light crude now $39.20, Brent $42.14. Nasdaq futures fell on the open, currently down over 1% on the day. The main story overnight was
Very much a risk off session in Asia. Blame the Fed for revealing what we already knew...
The banks are now sitting on hard-to-value trades that they say are worth about $250 billion, including categories that gained notoriety during the financial crisis, such as complex debt securities.
Markets & Sentiment Indecisive trading overnight, risk sentiment still looking constructive. At 7AM BST ASX +0.7% Nikkei -0.2% KOSPI -2.5% NZX +1.5% European markets look likely to open slightly lower. > European Opening Calls:#FTSE [https:
