Tag Archives: #Gold

Feb 6, 2018 – Market Update (No recession short-term, healthy correction done, no global contagion, so let’s hunt for bargains; One Fed hike is priced off; Watch today for Trys yields, JPY crosses, VIX; New turning points for VIX at 22 & 30; XIV a problem for Credit Suisse; BNSF Railway (part of Berkshire) joining Blockchain in Transport Alliance; Hedging by book: long gold, JPY, 10- and 30-yr Trys; The panic is over, moving to the last leg up of 2009 bull run; German coalition talks well covered blockchain)

Mr Price Action/ February 6, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red Europe opening lower US Congress to vote on government funding German coalition talks well covered blockchain technology to make Germany a fintech hub Draghi not ok with EUR volatility due to potential inflation miss Kuroda – no near-term hikes   Question – what now?   Honestly, I am not sure either… …as Janet is celebrating and Powell not being

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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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Jan 15, 2018 – Market Update (USD hit by non-US monetary tightening, No Bitcoin ETFs/mutual funds (for now), Bulls at extreme levels, SoftBank to list mobile biz, EUR longs up again, EURUSD to consolidate today, Gold to attack 2017 high at 1357, facing 1357-1375 range resistance)

Mr Price Action/ January 15, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia in green Europe opening higher Trumps racist comments are dangerous in general And can also change the behaviour of the public Thus hurting the consumption habits, investments and economy FR and GE looking at EZ investment budget/reforms USD hit by markets pricing monetary policy tightening in other developed countries Bitcoin ETF Fast Track Derailed by SEC Liquidity, Safety Worries  link Applications for 12 ETFs and

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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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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 20, 2017 – Market Update (No Jamaica in Germany, Leadership in EU on pause, Risk taking at record levels, Mugabe still in but already out, Norwegians not counting on oil/gas, EURUSD to keep hawkish tone above 1.1675-1700 zone, Gold to test medium-term resistance at 1306)

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

  Short recap Asia in red Europe opening lower No Jamaica coalition in Germany – Merkel can still form a minority government No history of minority government or new election creating more uncertainty Merkel to meet president, German leadership in EU on pause What worked in difficult 2000s and 2010s years not working anymore Pragmatism, conservativism and stability to be replaced Zimbabwe’s Mugabe not

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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 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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