What is on your desk for the day?
There are a few thoughts on my mind today -
NFP missed, but the detail means the Fed is still on track for a taper. Long usdjpy and short gold into the US CPI meeting midweek?The BoE is showing it is increasingly worried about inflation and that is weighing on the GBP. GBPJPY longs or EURGBP shorts? The bond yield spread between the German 10 and the UK 10 is really ripping lower now. I will put a chart up later in the session, so watch out for it.
However, right now it is over to you? What's your measure of the markets and what is your long term / short terms plays?
The song for today is from the beastie boys. Firstly, out of respect that they are still at it after all these years! Secondly, pass the mic was a great theme to show that Justin will be briefly away for a couple of days before coming back! He just passed the mic for a couple of lines! Enjoy!
