Update* Mark Austin FTSE Trading Services - 25 July 2011

Its going to be a volatile week judging by the open and we may see some wild swings until the US debt deal is agreed. The deadline is the 2nd August and we should see an agreement before then. Hopefully this week.  Until then the market may use this is an opportunity to shake out traders with large swings to the upside and downside.   If the deal is not agreed then this would be a major economic blow and a large sell off would prevail.  The probabilities are the debt deal will be agreed so for now any large declines to the downside can be viewed as buying opportunities.