Of the 9, Adam Posen was the usual pusher until the last increase. June of last year we were at 200bb with a +75bn push in October. Every other vote during this period has been unanimously (ex Posen) UNCH.

Offers:

3270-80

ahead of 3300

3310, noted strong

ahead of 3325 and stops just beyond

ahead of 3350 (option barrier)

Bids:

3210-00 stops below

ahead of 3185

3180-70 stops

ahead of 3150

ahead of and at 3135

3125-20 stops below

Still a bit early but a few new items trickling in addition to what was posted yesterday. Wanted to post now due to a decent crack at the London open happening. When the news trickles in I’ll kick out a new post.

Bids now touted at 1.3200 and 1.3190

Stops building sub 1.3165 (Friday gap still intact) get heavier on the push. This is still a bit ambiguous right now.

Offers just beyond yesterday’s high (mid 1.3170′s)

Offers 3290-3300 with stops mixed

Offers again circa 3315

Heavy stops beyond 3325

Next post will basically make this null and void but just a heads up for the moment.

Offers ahead of 1.5950 (option barrier)

Offers ahead of 1.6000 (option barrier)

Bids 1.5750-40

Bids ahead of 5700

We had some stop triggered sub 5790 earlier today creating a rather normal reaction – 15 pips lower on the pair prior to any pickup.  LHS selling interest ahead of the 1100 GMT fix was attributed to selling in London.

“Ahead of” always signifies an approximate 10 pip range for protection.

ahead of 3300 – option barrier

3310 offers stops above

3325 stops

ahead of 3350 – option barrier

3380-85

Bids:

3230-20 stops below

ahead of 3200 stops below

ahead of 3180 stops below

3170 stops

ahead of 3135 (Friday gap)

1.0790-95

1.0800-05

1.0825

ahead of 1.0850

ahead of 1.0900

And bid / stop blocks:

1.0670-60 bids

Stops sub 1.0740 proved viable and we’re now floating well through the weekend gap. Talk circulated around the 1.0800 handle at the moment though shifts likely to seem “erratic” today.

The headlines of this are sure to be smeared over the pages of every major newspaper today and tomorrow, with pessimists scribbling all the “problems” of the plan on their blogs for weeks/months. Let’s hope they don’t procrastinate, yet again.

Scheduled (note italics) to start in 5 (23:00 CET, 5pm EST), watch it live:

http://video.consilium.europa.eu/

And the link to the press releases, which will follow:

http://www.consilium.europa.eu/press/press-releases/latest-press-releases?id=363&lang=en

I am and have always been anti-emails, so that’s simply why I don’t send that many. I really, truly don’t like them, and I know most people aren’t fans either. One look at the comments from unsubscribes from my very infrequent updates tells me how much people really loathe emails. So please follow me via any of the above sources if you’re interested.

What it is:

Economic calendars, drawn out commentary and bad trade ideas already flood the internet so I see no need to contribute to the already overflowing jargon cesspool. The “minutes” section is just going to be posting actionable content, from order flows to option ex.’s to common price signals, etc., in addition to other macroeconomic info throughout the day.

Frequency:

I am still a full-time trader and that simply comes first, so it won’t be updated as frequently as full-time publishing sites. I am making no promises as to the frequency, but just letting you know the section exists. I’ve got access to several direct sources of information and if I find it useful, I’ll be sure to get it up here.

——————-

This is by all means an experiement so the RSS feed will remain the same. All Minutes and regular blog posts will be commingled, but Minutes posts WILL NOT be on the homepage. This might change soon, but for now, that is indeed the case.  To access, you need to click the “Minutes” tab in the navigation, as pictured below.

The permalink for the section is: http://www.nobrainertrades.com/category/minutes

Again, updates will be sent via Twitter and Facebook  for now, with no current intent of providing a separate email update for them, though if I get enough requests I do have the ability to segregate the feed from the main blog at some point.

We are also, as we have been, working on another entire site for quite some time now. For those that have been following me, just a heads up that it is still very much in the works.

Offers now mentioned ahead of:

1.3280 and 1.3000

…and at 1.3320-30

and ahead of 1.3350.

Little changed with noted bids:

1.3180 bids and stops

1.3139 (Friday close) bids to 1.3135

1.3125-20

1.3100-90

Yen pairs are about the only thing slowing (but still not reversing) speed today, and the weekend gap is course very much still open on many pairs, across the board.

Bids 1.3180-70
Bids 1.3140-35 (NY friday close at 1.3139)

Eyes wide on the open gap today across the board.

Today we have yet one (seemingly) final meeting on the Greek bailout package, finance minister’s meeting tomorrow.

President’s Day in the US.

China cut its reserve requirement ratio 50bps, fueling the optimistic fire.