And that’s the week.
Long euro may be a crowded trade, but by God it’s worked out pretty well over the past couple of days.
Ok, who’s ready to grab the new week by the…
The stamina of the secessionists and the propitiation of the populists…
Meanwhile, across the pond…
Ok, well there were some notable headlines to start the week…
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
“All this combines to suggest a volatile fourth quarter. Year-end themes remain elusive.”
“This might seem trite, but the scariest thing in today’s market is currency strength. No one wants it. No one can afford it.”
There will be blood.
“Its activity profile is unusual.”
Leader of the free world.
“…most likely you will get some Swiss franc support on the back of those results.”
To be sure, this looks like it will hit the euro in early trading. The single currency will likely knee-jerk lower against both the yen and the franc and you can expect to see a flight-to-safety bid in fixed income.