No trading prior to US open. We’re going from the June contract to the September one. Even in the US session i will probably stay on the sideline.
People who are either short/long indices or bonds need to swap contract or get totally out.
That creates a few unpredictable moves.
If the big players are Short The Eurostoxx for instance, they need to settle their contracts by buying them back. If they were Long, they need to sell them.
There is absolutely complete randomness at the moment intra Bond-wise too. Sit on your hands or do something fun :).
/ Hr Flow.