Tag Archives: #BofA

Jan 25, 2018 – Market Update (Trump up, Mnuchin down but market is concerned about who will buy US debt; ECB – just up is a problem but Draghi likely not to say anything again); EURUSD set to check 1.2500; Weaker USD good for equities; Gold – make or brake the 1380, then 1484…?; BofA with most blockchain patents; Qualcomm fined USD 1.2 bln by EU; Mexican drug cartels stealing fuel)

Mr Price Action/ January 25, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia mixed to lower Europe opening lower Trump a year ago – USD strength means confidence in US and his presidency Mnuchin yesterday – USD weakness good for US economy …and market took it as a future direction of US policy In other words the US trade war has begun and weak USD is part of it Market is concerned about widening current

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Oct 9, 2017 – Market Update (Quiet trading today unless…, Honeywell spinning off, Deutsche Borse working hard on moving euro clearing out of UK, JPM/Citi expecting lower trading revenues, BofA to benefit from cost cutting and expanding in retail, USDJPY – Peaking and may loose momentum as per daily chart/MACD)

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

  Short recap   China in green after one week off Europe in red US/CA/JP markets closed on account of Columbus day/Thanksgiving/Health-Sports day US banks/Trys closed but stocks open NFPs good on earnings, the rest is a question of interpretation (hurricanes, steady jobs growth…etc.) But USD not taking any clues Should have quiet trading unless Catalonia declares independence Or Trump announces something out of

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July 18, 2017 – Market Update (Trump not able to deliver anything, EURUSD above 1.1500 but below 1.1600 ahead of ECB, 10-yr Trys yield positioning ahead of FOMC, Gold shorts to get squeezed?, UniCredit selling EUR 18 bln of bad loans, ETFs outflow to trigger next downturn, Citi in Frankfurt)

Mr Price Action/ July 18, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red Europe opening lower After 2nd Obamacare repeal vote failure Doubts about ability of Trump administration to deliver anything on the rise Markets getting more comfortable with Fed slowing its hiking pace and all USD negative Trump news Since US elections S&P 500 is up 13.7% vs Gold being down 7.7%   Equities   Lufthansa rising profit target on higher summer bookings UniCredit selling EUR 18

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July 3, 2017 – Market Update (Trump, Xi, Abe, China-Hong Kong bond connect on, Banco Popular clean up, Buffett banking at BofA, FX markets to become very sensitive to data beats/misses, Trump to fight the steel and bank regulation at G20)

Mr Price Action/ July 3, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in green Europe opening higher Overall markets are still digesting last week’s movements Low liquidity due to July 4 US Independence day holiday   Japanese PM Abe hit by the significant loss in Tokyo elections, likely to face more troubles in the future Trump had a call with Xi and Abe discussing North Korea and pushing China on trade issues Abe’s advisor was out with a new

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