Short recap
Asian in green
Europe opening
higher
If new
elections in Germany, not before end of Q1 2018
Thus prolonging
the uncertainty but EUR is indifferent, as it was the case with some other
coalition talks in EU
US to take
down the free and open internet
Giving the
service providers possibility to choose what content the users will access
Lacklustre trading ahead of
US and JP holidays
Equities
Hong Kong
index breaching 30 000 on continuation of risk and strong earnings
Enel
increasing spending on digital networks to ready for end user intelligent
solutions
RBC on a
global list of too big to fail, thus will need to hold extra capital (+1%)
Rio Tinto,
Wealth Minerals and GSR Capital to bid for SQM
that is a lithium producer
EU digital tax
still an issue for some EU states
Bonds
10-yr Trys
yield at 2.36%
US yield curve
keeps flattening what is a very interesting development we have pointed to recently
Very likely it
is related to US tax reform implications as pension funds load the bonds due
to:
Corporates
increasing the funding of pension schemes before next year further rise in US
rates
And pension fund
investors also making contributions as they may lose some tax exemptions next
year with new reform in place
10-yr Bund
yield at 0.34%
Situation in Turkey
not helping sovereign and bank bonds
As investors
prefer safer assets
EURUSD
German politics
a focus
Support around
1.1710, 1.1734 (10 DMA)
Resistance range
1.1755/60/65 where are 55 & 100 DMA, 38.2% Fibo and yesterday’s high
USDJPY
Lower US yields
and yield flattening pushing JPY higher
Decent offers
seen above 112.50 with expiring options
112.44 (100 HMA)
112.47 (55 DMA)
Bids sitting at
112.00 with USD 1.4 bln option expiring with strike at this level
Support also
from 100 & 200 DMA (around 111.70 level) and 111.90 (38.2% Fibo)
Source: Saxo Bank
Data/events
ECB Governing Council (no interest rate
announcement)
FOMC Minutes
Thu
ECB Minutes
US Thanksgiving – markets closed
JP Labour Thanksgiving day
Fri
US bond trading closed, stocks open half day
Nov 28 – Powell before Senate Banking
Committee
Nov 30 – OPEC meeting
Dec 13 – FOMC
Dec 14 – ECB
Dec 14-15 – EU Summit talking Brexit
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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