The downside was erratic with sporadic and not insignificant pull backs

Market Review In yesterday’s strategy we opted for the more risk averse option as price action has been so erratic so far this week due to extreme headline risk. We had a neutral short strategy for risk assets which was definitely the right approach but our main entry levels were not filled. Eurozone data got the session off to a bad start with French and German PMI numbers disappointing and as the US session wore on the Cypriot rumour mill hit full throttle with news that Popular bank had

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The downside was erratic with sporadic and not insignificant pull backs

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