Been quite an eventful day so far, with a beat in non farm topping off the movement. We started the day off quiet, but the ECBs Nowotny came out saying that the market over reacted to the Negative rate comments from Draghi, this sparked some life into the Euribor contracts, and gave some good opportunities to get long some spreads.
This comment was later retracted with Nowotny saying that the market over reacted to HIS comment, this pushed Euribors up again, time to get long more spreads. I went long 3s, in Jun14 Sep14 and 4s in Mar15jun15.
We now just had non farm, which pushed these spreads up, and gave the half tick profit!..100 tick Spike in the USD/YEN, 100 point move in the DOW, as well as big moves in the other indices. Bund is down 40 ticks.
This was mainly triggered by a 50k revision to the previous number coupled with the 25k beat for this months number.
Here are the moves in the Dow and the Yen. As you can see the yen spiked down 30 pips jus before the number. Big punt, or leaked info?
This comment was later retracted with Nowotny saying that the market over reacted to HIS comment, this pushed Euribors up again, time to get long more spreads. I went long 3s, in Jun14 Sep14 and 4s in Mar15jun15.
We now just had non farm, which pushed these spreads up, and gave the half tick profit!..100 tick Spike in the USD/YEN, 100 point move in the DOW, as well as big moves in the other indices. Bund is down 40 ticks.
This was mainly triggered by a 50k revision to the previous number coupled with the 25k beat for this months number.
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