ng gapped opened higher at 2449....would have earned some nice risk premium over the weekend buy holding instead of selling out friday grrr
ES bounce from 2000 flattening out...seems no big moves into london session. Probably not for NY either, maybe bit more bounce. Gold came back off pretty quick. One thing though. after the knee jerk and once the dust settles....Lots of talk from "individual" EU countries about the big mistake of uncontrolled boarders and Schengen and Belgium and having such bankrupted countries as greece and non EU Turkey holding such large open boarders. Much talk already about individual EU members leaving the EU as soon as possible. So I would say major weakness in the Euro currency coming fairly quickly. Strong rumors of large EU countries reverting back to original currencies and boarders and sovereign rule (germany and Belgium probably last ones standing in the EU). So the trade for big, sudden drops in the EURO would be long gold and long USD and long Treasury Bonds, short SPX, short EURO and short Dax Remember, shortly before Germany went to the EURO the Deutsche Mark traded at .50 to 1.00 USD and that's what it probably would trade at again if UK, France, Poland, Spain, Portugal, Greece, Italy left the EU
We (the UK) will be having a referendum by end of 2017 on whether to leave the EU. The UK is the second biggest economy in the EU after Germany. Might destroy the EU if we choose to exit. Oh well.
Well, someone thinks rather highly of themselves.... UK never converted to the Euro currency so the impact of leaving is not as great as you think. Don't let the door hit you on the way out as you enjoy having tariffs applied to everything you export to the EU
we pay a lot into the EU coffers and don't get much back apart from a load of hot air from Brussels. About time we used some of our muscle.