Tag Archives: #Citi

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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Sept 12, 2017 – Market Update (Risk off on NoKo, Irma, higher bond yields, change in CNY policy, Cryptos banned but PBOC supporting blockchain, Regulation to come, Samsung cheering over Note 8, Apple’s new iPhone 8 with USD 1000 price tag?, Gold prone to correct to 1300 if no risks off, Japanese stocks ok as long as USDJPY above 108.00)

Mr Price Action/ September 12, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia printing 10-yr highs Europe opening higher Jump in bond yields supporting risk on China likely to change policy in order to avoid quick appreciation of CNY New milder sanctions against NoKo approved by UN No NoKo reaction yet, markets relieved a bit Brexit repeal vote approved, a huge relief for May Some ECB officials pretty hawkish yesterday but no policy change indication

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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 31, 2017 – Market Update

Mr Price Action/ May 31, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up on better steel industry performance that pushed China factory activity higher Europe opening mixed Trump’s head of communication is leaving – who knows why? Wouldn’t be better if Trump has left and all the other staff members stay? The problem is solved then… USDCNH down as overnight funding rising EU Commission proposing EMU gov

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