It feels like the words ‘wait and see’ have been haunting those behind the screen here in Europe for quite some time now and as we exit the ‘end-of-summer lull’, those hoping to trade some daylight hours in exchange for an uptick in volumes may have found small respite in participation levels improving vs the 5 &10d ma’s today, but sadly well below the 20d as much of today’s session was spent waiting for US mkts to reopen following Labor day. Mean reversion was behind most early moves, as yday…
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