What's new today?
No major changes in terms of retail positioning today. There are some news events today that could lead to shifts in the positioning. Firstly out of the UK Construction PMI at 04:30 EST, US ADP Non-Farm follows at 08:15 this report has increased in importance over the years and is used as a guide for the big Non-Farm event. Bernanke will be testifying at 10:00 EST, later in the day at 19:30 EST market moving news from Australia with Building Approvals and Trade Balance released.
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