Short recap
Asia up
Europe opening higher but correcting
US & UK closed today on account of public holidays,
some Asian countries as well
N. Korea playing with fire again
ZAR – Zuma still alive
Europe on its won after G7 and Merkel/Trump meeting
Tensions between US & EU mounting, nothing to change
in the near term
Thank you Mr President for your kind EU/NATO wake up call
US to ban laptops from all flights in/out to US
US facing a shortage of houses while demand stays
steady
What in turn will likely push prices higher in the years
to come
Fed’s Williams – don’t want to disrupt the
markets, medium term inflation trend “pretty favourable”
Equities
British Airways still experiencing issues with
computer system
Investment conference in NY – may have some headlines on
Q2 expectations from financials
Gazprom meeting with EU antitrust chief
Bombardier with first CS300 deliveries
US techs pushing US gov to increase privacy
protection
Qualcomm to pay BlackBerry USD 940 mln in
royalties
Chinese real estate companies flying high…may be
too high…
Aramco – after LSE, NYSE it is now
turn for Canadian TSE to lure IPO listing relying on its natural
resources expertize
Bonds
10-yr Trys yield at 2.25%%
10-yr Bund yield at 0.33%
Quiet trading ahead of ECB and Fed June meetings
GE/EZ inflation data to show whether ECB is
right with staying cautious on inflation ahead of June 8 meeting
Italy – markets will start to focus on Italy at
some point
As EZ grows but Italy doesn’t
Japanese insurers like US bonds more over European
papers (staying cautious)
They usually lend them to banks to earn extra income
EURUSD
1.1160 still acting as a support
1.1200 heavy as a resistance
1.1314 (76.4% Fibo)
1.1128 (61.8% Fibo)
Large option EUR 2.7 bln with strike 1.1100 expiring
tomorrow
May point lower as we had an inverted hammer on weekly
chart
And DXY found support above 96.44 (38.2% Fibo)
USDJPY
Offers around 111.50
50 DMA at 111.23 and 50% Fibo at 111.24 acting as support
EURAUD
Looking to buy pullbacks as favorite
scenario for now...
Weekly Commodity - Full article link
Tough week for commodities, crude, industrial metals,
soybeans down, corn and wheat traders still hesitant
Data
ECB’s Nowotny (0715 GMT)
ECB’s Draghi (1300 GMT)
ECB’s Weidmann
Tue
GE: Flash CPI
US: PCE m/m expected at +0.1% vs -0.1% previous;
y/y was 1.6% previously
Fed’s Brainard
Wed
EZ: Flash CPI – should move back to 0.8% level
from 1.2% prior
Former FBI director James Comey to testify
before Senate
Beige Book
ECB’s Coeure, Lautenschlaeger
Fed’s Kaplan, Williams
Thu
ECB’s Villeroy
Fed’s Powell
Fri
US NFPs 185k exp vs 211k prior
Unempl. rate 4.4% exp vs 4.4% prior
Average earnings +0.2% exp vs +0.3% prior
Fed’s Harker
EU-China Business summit (Juncker/Li)
June 8 – ECB meeting
June 8 – UK elections including Scotland, if SNP/Sturgeon
wins the independence referendum likely to follow
June 11/18 – French Legislative (Parliamentary) elections
(a big question mark for Macron to gain majority)
June 13/14 – FOMC meeting
Should you have any questions feel free to contact me
anytime.
Good luck Champs!
Mr Hawk
DISCLAIMER: This material was created for informational
purposes only and represents the Land of Trading team’s view of the past and
current economic and capital market environment. It is not an investment advice
and should not be viewed that way at all, and the creators of this material
cannot be held liable for any potential losses resulting from trading, where despite
this disclaimer someone would consider this material as an investment advice.
All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
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