|Gold, S&P, EUR/USD, Dollar futures|
Interesting night so far, we had spot gold bidding hard then give it all back as well as Spoos bidding only to give it all right back. The S&Ps touched 1288.50 on a rather odd volume spike of 6k contracts around 9:30 eastern only to trap traders long as they traded back to 1282.75 before finding 1283 support. The EUR USD cross saw bidding most of the evening before falling off in conjunction with equity markets.
The move in equities tonight in my opinion is clearly a reflection of traders sentiment over China's PMI which showed slowing growth and increased inflation with hints at a possible rate hike. I think we saw