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Euro / Dollar on the edge of the profitable zone, equity positions in positive territory


CURRENCIES

The idea of the market participants has not changed: Dollar should be strong because the US economy outperforms the European one and because Fed taks about a rates hike still are rushing the markets. Muted macroeconomic readings yesterday confirmed this vision. Moreover after the Constitution refusal by France and Holland the idea of Europe is fading away and this means that Euro has to suffer consequently. From a technical point of view we are in a commencing congestion and we should place our stop loss far away from the highest high in order not "to be fisched by pelicans".

EQUITY INDEXES

Russell flies high and SMI futures precedes the Italian on on which we are long with 4 mini contracts. So far so good.

BONDS

When yesterday we saw the Bund slumping low we had a bad remorse feeling to be out, like it is human to happen. Worse I did a mistake the day before with our intraday trading system on Bund and in the morning of yesterday I was short with 4 contracts that we rapidly closed at 08:00 am. Just to see after some minutes the Bund slumping.

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