Category Archives: Market Update Posts

2911, 2017

Nov 29, 2017 – Market Update (OPEC day but will Russia, Iraq, Libya, Nigeria join? Preliminary Brexit bill EUR 50 bln, Gold attacking 1300 but…, EU to freeze funding for tax heavens, to prepare new black/grey lists, Softbank looking to buy Uber shares at 30% discount, Bitcoin a threat to global economy?)

Mr Price Action/ November 29, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia in green Europe opening higher OPEC day today with not only oil but energy stocks in focus NoKo threating with new missile test again But no reaction from the markets (a sign that conflict escalation is low for the time being) Powell with dovish tilt, no change to rate path HFs having hard time to earn money from bond and

2411, 2017

Nov 24, 2017 – Market Update (Quiet unless…, Chinese stocks steady after two day selloff, Saudis opening local stock market for small foreign funds, May in Brussels at Brexit grilling party, Ireland to veto border but government may collapse first, Flying lifts from Thyssenkrupp, USDJPY through 111.00 towards 110.00 or back to 112.50?, GBPUSD hitting the resistance at 1.3335)

Mr Price Action/ November 24, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asian with wake up call from China Europe opening flat to higher FOMC and ECB Minutes left the market without any illusions Fed likely to be more dovish, ECB still on split over QE end Germany – Socialists under strong pressure to form government France – US corporates like Macron story, likely to increase investments in FR Brexit – May meeting Tusk in

2211, 2017

Nov 22, 2017 – Market Update (US rate curve flattening on corporate and pension fund investors interest, Hong Kong above 30 000, US not comfortable with free and open internet, USDJPY condemned to 112.00-50 range ahead of US/JP holidays, Enel going digital, RBC too big to fail since yesterday, If early elections in Germany not before end of Q1 2018)

Mr Price Action/ November 22, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asian in green Europe opening higher If new elections in Germany, not before end of Q1 2018 Thus prolonging the uncertainty but EUR is indifferent, as it was the case with some other coalition talks in EU US to take down the free and open internet Giving the service providers possibility to choose what content the users will access Lacklustre

2011, 2017

Nov 20, 2017 – Market Update (No Jamaica in Germany, Leadership in EU on pause, Risk taking at record levels, Mugabe still in but already out, Norwegians not counting on oil/gas, EURUSD to keep hawkish tone above 1.1675-1700 zone, Gold to test medium-term resistance at 1306)

Mr Price Action/ November 20, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia in red Europe opening lower No Jamaica coalition in Germany – Merkel can still form a minority government No history of minority government or new election creating more uncertainty Merkel to meet president, German leadership in EU on pause What worked in difficult 2000s and 2010s years not working anymore Pragmatism, conservativism and stability to be replaced Zimbabwe’s Mugabe not

1511, 2017

Nov 15, 2017 – Market Update (Xi to visit NoKo one day, Mohammed El-Erian a new Fed vice-chair?, Stocks not comfortable with no new catalyst, GE story, Airbus – a new USD 40 bln order?, Volkswagen and police/tax authorities again, US yield curve flattening despite 2-yr yield hitting a 9-yr high, EURUSD – forget about H&S, looking at 1.1900, USDJPY to dip below 112.00)

Mr Price Action/ November 15, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia in red but BoJ active in ETF buying Europe opening lower Special envoy from China heading to NoKo on Nov 17 Central bankers talking about an end of easy money Mohammed El-Erian a new Fed vice-chair? Risk bubbles rising across EMs: Military taking over in Zimbabwe, where is Mugabe? Venezuela defaulting, South Africa to be downgraded Equities Stocks not comfortable with

1311, 2017

Nov 13, 2017 – Market Update (May on the way out, Upcoming 2-3 weeks will shape the form of Brexit deal/no deal, Alibaba on fire with global Singles’ Day sales, Uber heading to IPO with Softbank getting closer to the deal, US inflation to show direction for yields, EURUSD back to range 1.1570/1.1670, Gold – long liquidation below 1280 level?)

Mr Price Action/ November 13, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia in red as investors becoming cautious on ability of US lawmakers to work out the tax reform Europe opening higher South China Sea disputes on again Upcoming 2-3 weeks will shape the form of Brexit deal As May is under enormous pressure from her own political party to step down While EU made it clear that UK needs to honor

1011, 2017

Nov 10, 2017 – Market Update (US tax reform question mark, China to open financial markets/allow investments in companies, Trump with a promise of USD 250 bln deals with China, Brexit – Norther Ireland part of EU single market?, Cameco’s 10% production cut a new bullish trend in uranium?, Monsanto not linked to cancer, 10-yr Bund yields saw a significant jump, DXY to close around key levels, Brent above key 62.00, than 60.00 USD/bbl)

Mr Price Action/ November 10, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia in red Europe opening lower US tax reform – a potential delay in corporate tax rate cut to 2019 pushed stocks in US and Asian lower Trump sees current account deficit with China not acceptable, happy with deals worth of USD 250 bln But overall friendly remarks on both sides China to open financial markets and allow foreign investments

0911, 2017

Nov 9, 2017 – Market Update (Brexit saga continues – EU giving UK 2-3 weeks to come up with something, GE signing deals (USD 3.5 bln) in China Marks & Spencer speeding up stores closures on weak sales, 10-yr Trys yield key levels 2.27% & 2.50% to show DXY direction, EURUSD cluelessly waiting for US yields and stocks, Offshore investor flows into Japanese stocks continue)

Mr Price Action/ November 9, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia up Europe opening higher US tax reform in place likely in 2019 on respecting proper budget rules TPP – 11 countries at the table and discussing UAE investigating financial transactions/assets of 19 Saudis at its banks Brexit saga – EU giving UK 2-3 weeks to bring the bill otherwise not able to prepare for Dec

0811, 2017

Nov 8, 2017 – Market Update (EURUSD – H&S almost done, US yields not supporting further USD strength – a correction coming?, Oil – China demand lower on pollution cuts, Gold stuck in 1263-1282 range, ECB Governing Council meeting – watch the comments as more hawks on the Board, Apple – EU asked for more details about tax structure, Bitcoin an asset class?)

Mr Price Action/ November 8, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia up Europe opening lower Trump in China to ask for China cutting financial ties with NoKo US-Chinese companies signed USD 9 bln deals USD impacted by headwinds/slowdown related to tax reform (implementation in 2019) As the tax cuts will spike the budget deficit and will have only temporary effect on the economy (according to Fitch) Brexit –

0211, 2017

Nov 2, 2017 – Market Update (FOMC a non event, Powell in and Tax bill out, BoE hiking after 10 years & taking a long break after…, EURUSD a shadow of USDCNH, IMF not ok with selling volatility products, Apple a big thing after market, Barclays fed up with Brexit and taking actions, Deutsche Bank seeking a second building in Frankfurt)

Mr Price Action/ November 2, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap Asia printing new 10-yr high as on optimism from Fed Europe opening lower FOMC – no changes, non event Just reconfirmed all with economic activity to solid from moderate Dec hike a done deal IMF warns volatility products loom as next big market shock link Selling volatility complex products can be the trigger if volatility suddenly increases