Today we had a lot of data out, and they're were all out of line from expectations, which led to some nice moves in the market. But wouldn't it be nice if you knew the number before hand. Well some people do, and its becoming a bit of a joke. We had UK retail sales numbers at 9 30 UK time, with cable being pushed up 20 ticks or so coming into the data, you could see buy orders pushing it up just as the data was due.
And in a more blatant leak, Nat gas again was spiked down 40 ticks just before the number came out, and then low and behold a build in nat gas and we had a bigger spike.
In other stories, Cyprus continues to dominate the headlines, as the uncertainty over what will be there course of action is unsettling the market.
Also poor PMI numbers out of Germany and France pushed the Euro lower.
Euribor yield curve continues to flatten into the afternoon, as Mar14Jun14 is trading at 3.5s, and Jun14Sep14 is approaching 4.5s. These levels held up very well earlier in the week, so if they get there again, mite be worth a load up!
And in a more blatant leak, Nat gas again was spiked down 40 ticks just before the number came out, and then low and behold a build in nat gas and we had a bigger spike.
In other stories, Cyprus continues to dominate the headlines, as the uncertainty over what will be there course of action is unsettling the market.
Also poor PMI numbers out of Germany and France pushed the Euro lower.
Euribor yield curve continues to flatten into the afternoon, as Mar14Jun14 is trading at 3.5s, and Jun14Sep14 is approaching 4.5s. These levels held up very well earlier in the week, so if they get there again, mite be worth a load up!
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