Trades may only be entered from 8am New York time until 5pm Tokyo time, over the next 24-hours period. Ahead of the really crucial U.S. data due later today and especially tomorrow (Friday), the outlook is very uncertain.

According to Pimco’s new Chief Economist, Paul McCulley, the Fed’s war against inflation has been won! But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves – for the past 27 years have we really been at war with inflation?

The infamous Swirlogram shows that the last 3 months have seen the indicator in "slowdown" mode - which Goldman optimistically notes is on the border of 'expansion' also...and they see overall level of growth at solid levels.