Possible retracements in risk

www.tradingfloor.com
Fake-break above 1101 in S&P500 and Break-Even Inflation Rates are down 3 bps. after a big rally in the past two weeks. EURUSD struggling to close above 1.50. Stock market futures and Asian markets are down. We believe that a retracement of risk is in the cards today. Sell on rallies. Also in commodities. Only important data today is the E-Z Industrial Production and a Treasury auction of $16B 30-year bonds.
The Daily Trading Stance is published every day by Saxo Bank and sets the trading themes for the day. For more comment on FX, FX options, equities and commodities go to www.tradingfloor.com

Category:

News & Politics

Tags:

• Forex
• Trading
• Commodity Trading
• Currency Trading
• FX Analysis
• FX Market News
• Trading Analysis
• Saxo Bank
• Futures Trading
• Equity Analysis
• Economic Calendar
• Economic Forecast
• stocks
• bondscommodities