Tuesday 17 February 2015

Pre-Market Brief

Good morning. Futures are a little lower, sp -4pts, we're set to open at 2092. Metals are weak, Gold -$5. Oil is flat. Mr Market remains awaiting a finalised EU/Greek deal, although that could easily drag out until end month.


sp'60min


Summary

Well, there really isn't much to note.

A relatively quiet start to a short week, not least with continued uncertainty over Greece. They'll surely agree to something, but increasingly, it looks like they will drag it out until end month.

Even another two weeks of waiting though might still allow market to continue what is currently algo-bot melt mode.

With EU QE-pomo set to start next month, time window for a minor retrace is very narrow. The notion of sub sp' 2k is now rather ludicrous.

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Update from Mr C


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Have a good week!