Post ECB reaction - Bund, Ftse

We had another move up in the Bund yesterday with yields getting even lower to mad levels, which suggests, its all about taking risk of the table.
Below is a review of the action over the past few weeks.

Close position: GILD

Closed out GILD today as it looks as if its sticking around this 40 level and I'm not convinced we going higher.

Open: 36.92
Close:39.55

SWISS Bank intervention!

We had a huge move in the Swiss Franc today as the SNB said they are:
- Ready to buy foreign currencies in unlimited amounts, as the Swiss Franc is way overvalued.
- They say it will defined its FX target with UTMOST DETERMINATION.
- SNB Says Franc appreciations posing deflation risks
- SNB sets minimum exchange rate at 1.20 per Euro


This caused some of the biggest moves I've seen with the Eur/Chf rising over 800 pips and usd/Chf by some 500 pips. The SMI also rallied by up to 5% which in tern dragged other indices up with it.

Below is the chart of the EUR/CHF

Non Farm Payrolls disappoint

No jobs created in August in the US that was the grim picture today that was setting the markets back as the Dow is off some 200 points. Below are some of the key points:
Key Highlights:

At 0, the NFP number is a plunge of 85K, from a downward revised July, which was previously at 117. This is the biggest drop since September 2010
The Household Survey saw an increase of 331K in the number of employed
Average hourly earnings for all employees on private nonfarm payrolls decreased by 3 cents, or 0.1 percent, to $23.09. This decline followed an 11-cent gain in July. This is the first time the avg hourly earnings have been negative MoM since January 2008
Underemployment, U-6, rose to 16.2%, from 16.1% in July
The labor force rose to 153.6 million in August.
Ironically the only good news in the report, was what many have been indicating is a negative for months: namely that the Labor Force Participation rate actually rose for the first time in months from the nearly 30 year low of 63.9% to 64.0%

Below is a video of the market moves made in the Bund, Ftse and S&P

Futures Analysis: Bund, Schatz and Dax Spike

Another very volatile day which combined with low liquidity has mad for some very big moves. Bund has reach all time highs and we had a 120 point spike down in the Dax on 611 lots! Watch below as I analyse the latest moves.

Close position: SNDK

Closed out SNDK today at 34, it was very bad trading on my part, didn't stick to the rules, and paid the price as I took a 25% hit on this one. You live and learn...
Entry: 45.00
Exit:34.00

Mad Market Volatility - Dax, Bund, Schatz, Ftse

Just put this video together around 30 minutes ago and since then we have come off massively again in stocks. We bounced off the near term support in the Dax at 5721 but after bouncing 50 ticks we dropped another 100, such is the volatility lately.
The video looks at some of the wide ranges we have had lately.