Tag Archives: Trump

July 31, 2017 – Market Update (JPY of interest as safe heaven after CHF moving, MSCI not happy with Chinese suspended companies, Trys yield lower on softer GDP, Volkswagen not in a rush to sell Ducati, JP fund managers keep trimming equity exposure)

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

  Short recap   Asia in green Europe opening higher Trump & Abe talked North Korea JP fund managers kept decreasing equity holdings in July, especially North American assets JP-US may discuss trade and currency as a one package JPY may be of interest as a safe heaven choice after CHF is moving on ECB normalization   Equities   MSCI warned Chinese

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July 28, 2017 – Market Update (Bad day for Trump – no Russia sanctions, no VAT, no BAT, no Obamacare repeal, EURUSD hitting strong multiyear resistance zone, USDJPY played by expiring options today, US GDP to surprise, NASDAQ down on rotation out of Techs, Apollo rising USD 25 bln)

Mr Price Action/ July 28, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia lower on risk off Europe opening Mnuchin to support steps not tough talk against FX manipulators As it hasn’t been working for years Senate rejected new sanctions against Russia Not even watered down Obamacare repeal bill can pass through Senate Another huge blow to Trump after no VAT and BAT implementation Those two got rejected due to the need to overhaul the whole tax

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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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July 12, 2017 – Market Update (All about Yellen today, Merkel flying EUR high, Siemens chasing their turbines, Chinese banks another opportunity, Trump and Russia again (but Junior this time), 10-yr Bund yields jumping above 0.60% mark)

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

  Short recap   Europe opening higher Trump Jr – Russia blow here but markets focus on Yellen Trump administration constantly distracted, not focussing on proper work Gary Cohn Trump’s candidate to replace Yellen Fed’s Mester likes taper sooner rather than later Merkel putting pressure on ECB to raise rates JPM’s Dimon – taper can caught people by surprise Chinese media speculations – PBOC should widen the 2% CNY daily trading band Funds kept

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July 7, 2017 – Market Update (Good NFPs may trigger collapse in bonds/stocks, EZ stocks under pressure from higher yields/EUR, BoJ buying and buying, ECB not respecting allocation key, thus pushing core yields/EUR higher, EUR – make it through 1.1500 or ? Berkhsire to buy Oncor, Celgene/BeiGene to cooperate)

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

  Short recap   Asia in red Europe opening lower Flash crash in Silver Trump to meet with Putin Very good US NFPs numbers may trigger collapse in bonds and stocks As the risk of rising rates further will all implications will be higher ECB Minutes with some tightening of financial conditions Central Banks’ Reversals Signal the End of One Era and the Beginning

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July 6, 2017 – Market Update (Trump in Poland, EUR – lower global use on high hedging cost, EURUSD – focus on Minutes & 1.1300 with lots of expiring options, USDZAR – central bank to be nationalized, Gold supported by geopolitical risks, ExxonMobil, Shell, Total courting Qatar gas, Volvo – green from 2019, Nokia sharing patents with Xiaomi)

Mr Price Action/ July 6, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia mostly in red Europe opening higher Trump in Poland to reassure about commitment to Eastern Europe through gas and military support Before meeting with Putin Also to outline the future relationship with Europe as such FOMC Minutes show a split and no timing on balance sheet reduction US ready to use force against North Korea but looking for a diplomatic

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June 27, 2017 – Market Update (US 30-yr Trys yield flatening further, EURUSD stuck within 1.11-1.1300, Gold flash crashed, long specs reduced while keeping the bullish bias on political uncertainity, Mkango to lauch rare-earth production in Malawi, Alibaba’s Best to do delivery services, Alphabet + Avis, Apple + Herzt)

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

  Short recap   Asia up on expectations of Yellen confirming later today one more hike this year Europe opening lower Trump’s small victory (finally something) as Supreme Court made some parts of travel ban applicable Trump-Modi (India) meeting was full of socializing China-Canada agreed not to perform cyber attacks on private businesses to steal trade/confidential info Fed’s Duddley sees

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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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June 19, 2017 – Market Update (Macron win a huge potential for France, Fed speakers, US groceries shaking up, extreme long specs in EUR – a fall to come?)

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

  Short recap   Asia up Europe opening higher China-Iran to conduct join naval practice in the Gulf Iran firing over Syria Trump doesn’t like Cuban salsa Macron doesn’t need a coalition partner for important economic reforms France has a huge potential if he delivers PBOC made a huge CNY 110 bln OMO liquidity injection Stating the declining liquidity after

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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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