Tag Archives: #Mnuchin

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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June 7, 2017 – Market Update

Mr Price Action/ June 7, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia higher but risk off mood prevails while safe heavens in demand ahead of ECB, UK and Comey Asia stocks up 2%, more than the rest of the region on consumers, value search and speculation about including China to ETFs Europe opening mixed Mnuchin on China – US to increase exports to address imbalance, splitting economic

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May 2, 2017 – Market Update

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

  Short recap   Asia pushing higher on tech earnings Europe opening higher but correcting Goldman Sachs raising June rate hike to 70% from 60% In line with market expectations despite Friday’s US GDP miss Greece – EU and IMF came to an agreement Brexit talk getting tougher Big boy Trump to break big banks With Glass-Steagall act to split

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Apr 21, 2017 – Market Update

Mr Price Action/ April 21, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in green taking clues from US stocks Europe opening mixed Obamacare on the table again next Wed Mnuchin was out with some details on tax reform To be revealed soon (again…) and wants to push it through not waiting for healthcare bill approval Trump doesn’t like Canadian milk Despite Canada having USD 400 mln trade

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Apr 18, 2017 – Market Update

Mr Price Action/ April 18, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia lower Europe opening higher, UK lower but heading lower now Markets getting ready for French elections this Sunday and developments around North Korea Need some risk events to go away to focus on fundamentals and earnings season again Trump congratulated Erdogan in a call Appreciated Turkey’s support in Syria attack Mnuchin smoothed out Trump’s comments

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Mar 20, 2017 – Market Update

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

  Short recap   Asia mixed after last week EU markets opening lower   G20 take away:   Free trade short of support Mnuchin to correct imbalances – but the simple message to US is: “Consume less, Save more” End of globalization trends? Or end of US on globalization map? Merkel and Abe showed strong support for free trade on

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Mar 17, 2017 – Market Update

Mr Price Action/ March 17, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia cautious before G20 FinMin and central bankers meeting (Fri/Sat) EU opening lower Foreign investors to be able to by Chinese mainland bonds in HK (important change going forward) G20 – not high expectation, protectionism, free trade and currencies the main themes US Treasury Secretary Mnuchin made “diplomatic comments” on USD and good international trade relations

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Feb 27, 2017 – Market Update

Mr Price Action/ February 27, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia started on a bad note but recouped the losses EU markets opened higher Trump not to cut social welfare programs: Social Security and Medicare US Treasury Sec Mnuchin – fiscal stimulus impact this year muted (not helping USD and yields) Busy week with plenty of Fed speakers to be watched for clues on Mar 15

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Feb 23, 2017 – Market Update

Mr Price Action/ February 23, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap Asian stocks took a breather Europe opened mixed   FOMC Minutes showing cautiousness (not to forget that the meeting took place right after Trump inauguration that was accompanied with huge uncertainty) But lots has happened since then May rate hike priced at 50% 10-yr US Trys yield at 2.40% after FOMC FR elections: Bayrou pulling out and

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Feb 22, 2017 – Market Update

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

  Short recap Asian markets on positive note EU to open higher BoJ planning to be more transparent with announcing specific dates for bond buying operations (likely to avoid recent surprise moves) Kuroda: ready to easy more US Treasury Secretary Mnuchin-IMF Lagarde: IMF to evaluate FX levels and police FX policies Fed Mester – at full employment, prices raising but

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