As we approach the summit (poetic non?) the rally in the Euro currency subsides as the market will likely be told to be a bit more patient and the more substantive results of the summit will be availed at a later date - perhaps Nov. 7 when they are scheduled to reconvene once again.
From today's Accutic Plus report
Chart right seems to indicate optimistic rally in Euro currency probably a bit over done. The move seems to be triggering some decent trade in defferd month eurodollar options – have also noted some good size trading – on the bullish side in Jan. and Mar. 5yr. note options.
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