Whats going in the market?

Cluster of important data ahead of us. Today: Existing Home Sales, Durable Goods Orders and Consumer Confidence. Tomorrow: GDP (3Q). There is a good chance that these figures will trigger a break of the all-important 108-24 in US10Y’s (buy at the break).

Expect consolidation in USD majors before data.

Stocks finally pricing in a gradual slowdown in the US. This could end like in May. Sell into strength.

Crude Oil looking like a come-back.