Index Trading

[early birds]

huge reversal for many index currencies commodities last night.

asx200 future had big swing last night as well.

we might see short cover rally today.

 

 

[early birds]

weeks of campaigning and market-anxiety investors awaiting the results of the UK referendum on its EU membership on Thursday night, our time.

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time is thursday. latest poll looks UK gonna stay with EU.

 

 

[early birds]

so freaking quiet here!!

 

http://www.bloomberg.com/news/articles/201...n-brexit-result

 

Across Europe, traders and their employers are making preparations for a big night. JPMorgan Chase & Co. has booked hotel rooms near its Canary Wharf offices, while Barclays Plc is bringing in sleeping bags and sending some employees home today so they can be fresh later on. Other banks are offering bunk beds, sushi and pizza. Everybody has coffee on the menu.

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"All the trading desks are in war-preparation mode,"

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do they prepare some body bag as well?? i meant just in case some traders screw up and jump off the building!! don't laugh, it could happen given the way they are at it!

WTF--- relax bro and sis.

 

 

[wolverine]

Hi EB

 

Brexit = Y2K

 

Can't wait to see what happens

[neilo3]

Could give some good trades. It is only a referendum..If the vote is out it still has to go through the parliament where it might be vetoed.

Then it has to go through the EU where it will be a transition that will be negotiated with deals happening on every front to see what they have

to pay to get out.....this could take about 2-3 years...play the volatility.

[early birds]

do they prepare some body bag as well?? i meant just in case some traders screw up and jump off the building!! don't laugh, it could happen given the way they are at it! devilsmiley.gif

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looks they really need a lot of body bag eh?????

not sure how market gonna recover from this ...........

 

 

[early birds]

On Wall St, Dow +1.6%, S&P 500 +1.7%, Nasdaq +1.9%

In Europe, Stoxx 50 +2.7%, FTSE +3.6%, CAC +2.6%, DAX +1.8%

In London, BHP +3.6%, Rio +3.9%

Spot gold +1% to $US1325.05 an ounce

Brent crude +3.3% to $US50.17 a barrel

Iron ore adds 0.5% to $US53.98 per tonne

 

 

Read more: http://www.smh.com.au/business/markets-liv...l#ixzz4D11C5IXH

Follow us: @smh on Twitter | sydneymorningherald on Facebook

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not much to say about this crazy swings , just to remind people that today is the last day of our financial year. a really big up day for the window dressing with other market all up big time last night??????

i'm gonna trade for the up side today!!

 

 

[arty]

i'm gonna trade for the up side today!!

 

ditto - at least a 1% rise.

I see the ASX200 finish above 5200

[arty]

hmm my guess was far too conservative. Window Dressers at work to make their portfolios look good at EoFY.

 

XJO is almost back at pre-Brexit levels

[cooderman]

And on the Sixth Day ???.