Tag Archives: brexit

Dec 5, 2017 – Market Update (Brexit and US tax bill market movers, EU to review US tax bill and its implications, S&P 500 & DAX – what’s next?, Apple to start to paying back taxes to Ireland in Q1 2018 (EUR 13 bln), Toll Brothers facing lack of skilled labour – an issue for home builders across US)

Mr Price Action/ December 5, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia took a break Europe opening flat to slightly up US tax bill refining continues as the bill moves from Senate to the House before it lands on Trump’s table Many have changed the wording from tax reform bill to tax bill AMT getting challenged as many companies may loose the tax break and pay the 20% alternative

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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

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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

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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

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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

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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 –

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Oct 20, 2017 – Market Update (US Senate moving on budget, US jobless claims hitting multidecade low – positive on spending/GDP/inflation/USD, Catalonian bank run, S&P 500 tested the support around 2544/40, Earnings to set the tone for today’s trading, Schlumberger results important for correction in energy stocks)

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

  Short recap   Asia up after some hesitation at the beginning Europe opening higher US Senate moving on 2018 budget, next step towards tax reform US jobless claims hitting multidecade low what means more people working, more money for spending As consumption is 60% of US GDP, we can see in the future higher GDP growth pressuring up inflation Merkel positive on Brexit

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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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