Tag Archives: #Aramco

Mar 8, 2018 – Market Update (ECB bit hawkish, tomorrow’s US NFPs’ earnings bit weaker can push EURUSD above 1.2500; EURUSD weekly – a funny joke 1998-2000; Fed- 5 hikes in 2018?; S&P 500 still a bit rich but reasonably attractive; USD and US deficit correlating as before dot.com bubble; USD decline impacting reserve currency status; Aramco IPO going against OPEC?)

Mr Price Action/ March 8, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia in green after strong US session yesterday On Trump softer on tariffs – but do not get mislead by risk on mood Europe opening flat to higher   ECB today likely to confirm a gradual shift But still not major change in wording Draghi to talk down any hawkish views despite strong EZ economy   Fed 4 hikes warranted, eventually

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Feb 2, 2018 – Market Update (NFPs day but a high bar for USD to rise, Trys rising but where is the USD?, Rising yields challenging stocks (dividend/higher financing), Strong EUR to weight on EU stocks soon, Italy in or out?, eBay dumping PayPal and going for Adyen, Insurers to sell cryptos theft protection)

Mr Price Action/ February 2, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia lower Europe opening mixed Strong EUR to weigh on EU stocks soon 10-yr Trys yield above 2.75% putting pressure on stocks As dividend yield is not as attractive as before and cost of financing for companies is getting higher With recent rise in US yields, economic numbers and improving earnings season Are we going to

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Jan 11, 2018 – Market Update (Cryptos getting hit in SoKo, Chinese like Trys anyway, 10-yr Trys yields holds above 2.50% despite China/BoJ, USDJPY looking towards 110.00 ?, VIX above 10 but still very low, Bayer hoarding cash by selling more Covestro, Aramco seeking cheap loans ahead of IPO, PIMCO to buy more Trys on recent weakness, SNB with profit of USD 55 bln)

Mr Price Action/ January 11, 2018/ Market Update, Market Update Posts/ 0 comments

Short recap Asian in red as stocks getting nervous, VIX above 10 Europe opening lower Cryptos – SoKo preparing a trading ban, tax authorities cracking on some exchanges China – halt of Trys buying based on wrong info (I like it as some made a nice money..) US attacking NAFTA, opting for more protectionism While French Macron signing nice contracts in China   Equities Volatility still remains low but that can change

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Oct 16, 2017 – Market Update (May urgently in Brussels ahead of EU Summit, Austrian elections outcome a non event as no exit EU talk, ECB’s QE limit at 2.5 trln?, Aramco’s private shares sale instead of IPO, Volkswagen short of cobalt supplies, Tech to benefit from corporate spending but position adjustments imminent, USDJPY weekly – not great for bulls but DXY holding above lows may give a hand)

Mr Price Action/ October 16, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up Europe opening higher Governor of PBOC Zhou bullish on Chinese economy ahead of Congress Austria turning populist to far right but no exit EU talk To challenge Macron’s view of more Europe, tough on immigration…etc. Catalonia ready for talks with Spain but no mentioning of declaration of independence Iraqi military in control of Kurdish oil fields ECB’s QE limited at EUR

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Oct 6, 2017 – Market Update (Biz moving out making Catalonian politicians to think twice as Quebec is a nice example, NFPs & DXY – Good number Ok, bad number…because of hurricanes…as simple as that, EURUSD watching 1.1662 & 1.1615/05, USDJPY ready to test 113.25 & 113.37, Republicans moving on taxes, Fed warning of inflation/debt)

Mr Price Action/ October 6, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up, inspired by US stocks printing new highs on tax reform hopes EU opening higher Republicans moving on taxes, Fed warning of inflation and unsustainable debt IMF still supports accommodative policy from ECB, BoJ Italian CB asking ECB to soften bad-loan plans ECB to put legal restrictions on ICOs Bitcoin may fall to their jurisdiction anyway But ICOs is a more securities area than

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Aug 4, 2017 – Market Update (NFPs 183k/Earnings 0.3% expected, US yields reaction to NFPs crucial for USD, USDJPY, Gold, EURUSD above 1.1876 but below 1.1900, Siemens to build wind power plant in Turkey, Goldman Sachs buying USD 10 bln of Aramco’s credit facility, Tesla – market betting heavily on Model 3 success, Trump productivity stats)

Mr Price Action/ August 4, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asian slightly higher Europe opening lower Russian case moving with subpoenas issued for Trump’s son and his son-in-law A new India-China stand off in Himalaya? Toronto home sales down 40% y/y, 4th month of decline Average purchase price is CAD 746k vs CAD 920k in April Trump should speak on actions against China but the speech may be cancelled Trump – productivity stats: In the office

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June 15, 2017 – Market Update

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

  Short recap   Asia lower Europe opening lower FOMC – more hawkish than expected Inflation expectations adjusted but Yellen sees a good ground for prices to keep rising Likely start to taper in Sep, another rate hike in Dec Some may ask why Fed doesn’t want inflation to overshoot Trump under investigation for obstruction of justice Looks like they

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May 29, 2017 – Market Update

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

  Short recap   Asia up Europe opening higher but correcting US & UK closed today on account of public holidays, some Asian countries as well Korea playing with fire again ZAR – Zuma still alive Europe on its won after G7 and Merkel/Trump meeting Tensions between US & EU mounting, nothing to change in the near term Thank you

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May 25, 2017 – Story of the week: OPEC meeting – few thoughts and what to focus on today

Mr Price Action/ May 25, 2017/ Story Of The Week/ 0 comments

  There is a lot in stake for OPEC during today’s meeting in Vienna – Austria, for all participants. Some of the OPEC members have more to lose than others but at the end everybody needs to keep oil prices higher, the main reason is that their government’s budgets are highly relying on oil income. The equation is very simple:

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May 19, 2017 – Market Update

Mr Price Action/ May 19, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia mixed on strong US data but political turmoil Europe opening higher Risk off only one day China to normalize relations with South Korea Brazil – after last year’s impeachment the new president Temer in the same shoes ECB speakers defended the status quo, no clear path yet Trump mess may push markets to reprice the

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