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Low Conviction Trading To Start The Week

MNI
USD weakness to the fore in G10 now, with little in the way of pertinent
news flow evident since the re-open. This has allowed e-minis to edge
higher, with JPY off best levels. The Nikkei 225 has recovered
from worst levels, with crude oil also off lows.
  • Hard to equate the apparent agreement in principle between the
    White House & GOP re: fiscal matters with the move higher in e-
    minis, given the differences between both sides of the aisle, the fact
    that the GOP was already expected to present its fiscal proposals on
    Monday and an apparent feeling of unease between the White House
    & several party members re: the matter.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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