Tag Archives: #GoldmanSachs

Mar 8, 2018 – Market Update (ECB bit hawkish, tomorrow’s US NFPs’ earnings bit weaker can push EURUSD above 1.2500; EURUSD weekly – a funny joke 1998-2000; Fed- 5 hikes in 2018?; S&P 500 still a bit rich but reasonably attractive; USD and US deficit correlating as before dot.com bubble; USD decline impacting reserve currency status; Aramco IPO going against OPEC?)

Mr Price Action/ March 8, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia in green after strong US session yesterday On Trump softer on tariffs – but do not get mislead by risk on mood Europe opening flat to higher   ECB today likely to confirm a gradual shift But still not major change in wording Draghi to talk down any hawkish views despite strong EZ economy   Fed 4 hikes warranted, eventually

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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 18, 2018 – Market Update (Apple with USD 38 bln tax bill, bringing home USD 250 bln; Renault-Nissan a king over Volkswagen; Goldman Sachs dropping bond trading?; GE still on short side; Junk bonds spreads at record lows, China/Japan getting rid of Trys – nothing new; USDRUB floor between 55.70-56.00; Brent having hard time to stay above USD 70 mark; Biggest Bitcoin mines in China)

Mr Price Action/ January 18, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia hitting record levels Europe opening higher on bullish sentiment from US and Asia China growing too fast with respect to economic and pollution standards Trump fighting back China with intellectual property breaches (likely getting ready for Davos) Loud calls for EZ reform with new fiscal rules (GE) and joint safe assets (FR)   Equities Cyber security start-ups having hard time

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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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Oct 12, 2017 – Market Update (FOMC Minutes – debated inflation, JPMorgan & Citigroup reporting, Goldman Sachs back to investment banking?, EURUSD above 1.1830, heading to 1.2000 but…, CZK on the horse, Gold – which way now?, Homework time for Catalonia until Monday)

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

  Short recap   Asia up reaching 10 yr high Europe opening flat to lower Spain gave until Monday Catalonia to drop independence Otherwise will take over all powers over the autonomy region Oil inventories rising even though OPEC is cutting production FOMC Minutes – inflation debate intensified Some patience to assess inflation path warranted But others are looking at Dec hike Doves and Hawks at Fed  chart

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Aug 4, 2017 – Market Update (NFPs 183k/Earnings 0.3% expected, US yields reaction to NFPs crucial for USD, USDJPY, Gold, EURUSD above 1.1876 but below 1.1900, Siemens to build wind power plant in Turkey, Goldman Sachs buying USD 10 bln of Aramco’s credit facility, Tesla – market betting heavily on Model 3 success, Trump productivity stats)

Mr Price Action/ August 4, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asian slightly higher Europe opening lower Russian case moving with subpoenas issued for Trump’s son and his son-in-law A new India-China stand off in Himalaya? Toronto home sales down 40% y/y, 4th month of decline Average purchase price is CAD 746k vs CAD 920k in April Trump should speak on actions against China but the speech may be cancelled Trump – productivity stats: In the office

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July 19, 2017 – Market Update (Republicans (not only Trump) need to deliver, EURUSD capped by 1.1615 before ECB, BoJ-ECB divergence to deepen after tomorrow?, USDJPY – all above the yields, US corporate cash at USD 1.84 trln, Goldman Sachs to fix 40% dive in bond trading revenue, Lockheed Martin likes F-35 order log)

Mr Price Action/ July 19, 2017/ Market Update, Market Update Posts/ 0 comments

Short recap   Asia up Europe opening lower Republicans (not only Trump) need to deliver Tax reform is next (something Trump is more familiar with) Moody’s – US corporate cash at USD 1.84 trln, Tech is the leader   Equities   Porsche looking to give up on diesel engines Goldman Sachs to fix 40% dive in bond trading revenue But still lovely USD

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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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June 26, 2017 – Market Update (Low yields to pressure US banks, Italian tax payers taking EUR 17 bln bill, FX options – implied vols making lows, VIX at 10, Fed to keep hiking, EUR longs trimmed)

Mr Price Action/ June 26, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up Europe opening higher Trump ok to cooperate with Senate on healthcare bill Mester/Williams to keep hiking Goldman Sachs sees 25% probability of a recession in US over the next 2 years BIS was out with very positive annual report saying global growth to reach long-term average levels Sees high risk of still growing debt

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