Tag Archives: eu

EURUSD – Might be under pressure on Italian budget crisis

Mr Hawk/ November 13, 2018/ Chart Of The Day, Charts Posts, Market Update, Market Update Posts/ 0 comments

This note is an addition to our earlier view available here. As the situation with Italian budget is getting very serious, especially with the possibility of a break up of ruling coalition and negative impact on Italian banks. Apart from softer EZ data, continuing divergence between ECB and Fed policies, Italians are resubmitting the budget to EU today. As the

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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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Sep 22, 2017 – Market Update (China downgrade on still fast credit growth, NoKo a new H-bomb test while Kim is in NY, Stronger EUR weighting on DAX, Apple under pressure – a new target at 142?, May’s perfect time of Brexit speech at 1900 GMT, Germany voting on Sunday, Gold at 1295 – which way?)

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

  Short recap   Asia in red on NoKo and S&P downgrade of China (outlook stable) and Hong Kong (outlook negative). S&P not comfortable with Chinese still strong credit growth Europe opening lower Speculation that NoKo will test powerful hydrogen bomb in Pacific PBOC asked Chinese banks to stop cooperating with NoKo   Equities   Lufthansa to absorb largest part of AirBerlin’s assets While easyJet should get some too Stronger EUR weighting on DAX 12 500 to

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Sep 14, 2017 – Market Update (Trump maturing, ECB not in a rush to hike, DAX at crucial 12 500, Back to Trump trade?, EURUSD at support zone 1.1 870/80, Amazon.com to sell sombreros, Munich Re hit by hurricanes, Oracle in the cloud)

Mr Price Action/ September 14, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asian down on weaker Chinese data Europe opening mixed Trump getting more experienced (less tweeting) And starting meeting people (like Rep/Dem leaders) to move things forward ECB to keep a steady hand on easy policy as inflation stays very low Chinese steel mills production reaching record highs Bitcoin on a weak foot after JPMorgan’s Dimon fraud comment Historically, it is

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June 13, 2017 – Market Update

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

  Short recap   Asia up Europe opening higher EU not happy with lack of clarity on UK side Working on moving trading and clearing of EUR denominated assets out of UK Basics of financial reform in US unveiled   Equities   US techs heavy yesterday but got some bids at the end of session Is a 4% correction enough?

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June 9, 2017 – Market Update

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

  Short recap   Asia mixed Europe opening higher but correcting Risk on or Risk off now?   ECB sees higher grow, lower inflation (2017-19), risks balanced No further rate cuts but also no change in policy, no taper talk at all Trump survived Comey’s testimony as nothing was revealed North Korea playing with fire again US labor market keeps

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June 2, 2017 – Market Update

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

  Short recap   Asia up on risk on, Nikkei 225 attacking 2015 highs Europe opening in green Risk on can continue but need good NFPs   The last nail to the US international supremacy (seen as the Fall of the Roman empire sort of) is Trump pulling out of Paris Climate Accord  link Trade sanctions on US polluters may

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May 8, 2017 – Market Update

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

  Short recap   Asia higher Europe opening in red FR elections – Macron winning over Le Pen (66/34) The margin of victory was important ahead of Legislative (Parliamentary) elections Macro some pro-business policies at EU level as well, closer integration, common budget What may go against Merkel’s vision But what about cooperation of Macron/Schulz (two EU lovers) as Mitterand/Kohl

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