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
As very crowded
market is moving fast and facing criminal predators, competition is a tough job
Volkswagen
produced 10.7 mln cars last year
But the crown
goes to alliance of Renault-Nissan though
Peugeot
looking to come back to US market using know-how of Opel
Chinese
interested in diabetes business from Johnson&Johnson (USD 3-4 bln)
Apple
planning to open 2nd Campus in US that is a part of 5-yr USD 30 bln
investment package
And also
repatriate USD 250 bln of overseas cash, thus paying USD 38 bln of taxes
Looking to
create 20k jobs in US, focussing on data centers for iCloud, AppStore and Apple
Music
Earnings
Goldman Sachs
hit by a drop in bond trading
What makes
question marks about keeping bond trading in current form
Or searching for
new profit generating activities
Adjusted profit
beat expectations but company is having harder time in trading than rivals
GE shares
keep declining on USD 11 bln of charges and likelihood of a breakup
…already touched
the GE story: Nov 15, 2017 – Story of the Week: Comparing old and new
economy…General Electric and Tesla link
Morgan Stanley, Bank of New York Mellon, IBM, AMEX
reporting
New US corporate
tax cut should help earnings to be revised higher
Bonds
10-yr Trys yield at 2.59% vs 2.56% yesterday
10-yr Bund yield at 0.57% vs 0.55% yesterday
Not only China
but also Japan is lowering their Trys holdings
link
Back in 2004/05
both China and Japan held 50% of all Trys held by foreigners
And now they do
36% only
Junk bonds
- The Great Credit Dilemma: When to Quit After Historic Rally? link
Corporate bonds
too expensive to own, but too valuable to sell
Schroder,
Aberdeen fund managers plot exit strategies
USDRUB
Rising oil makes
Russian officials not comfortable with strong RUB
As we saw back
in 2017, they are quite good at defending certain levels
Support at 56.20
and 55.72 (Apr 2017 low)
Resistance at
56.73 (10 DMA), 56.76 (Sep/Oct 2017 lows), 57.20 (23.6% Fibo)
USDRUB weekly
Source: Saxo
Bank
Crude Oil
Supported by
decline in private inventories in US
And attacks from
rebels in Nigeria
EIA inventories
and OPEC Monthly report out today
With
speculations about another decline in oil stocks and substantial rise of shale
production
Brent having
difficulties to stay above USD 70 level
Support 69.06
(10 DMA), 68.19 (23.6% Fibo), 66.84 (38.2% Fibo), 64.91 (50 DMA)
To watch the
66.84 key level
Source: Saxo
Bank
WTI
Support 63.15
(10 DMA), 62.75 (23.6% Fibo), 61.43 (38.2% Fibo), 58.77 (50 DMA)
Source: Saxo
Bank
Bitcoin
miners locations
…or where is the
cheap electricity and smart people are…
Data/events
ECB’s Weidmann
(0800 GMT)
ECB’s Coeure
(1430 GMT)
ECB’s Villeroy
(1730 GMT)
Fed’ Mester
(2305 GMT)
IMF’s Lagarde to
speak today as well
Jan 19 – US fiscal deadline
Jan 23-26 – Trump in Davos with his crew
Will be interesting to see Macron/Merkel and the world
Against protectionism of Trump/US
Jan 23 – BoJ – any hints on potential taper?
Jan 25 - ECB
Jan 30 – US State of the Union
Trump to
announce an infrastructure plan but is not clear who would build the
infrastructure
Because of his
anti-immigration policies
Jan 31 – FOMC
Feb 5 – Powell as Fed Chair
Feb 16 – Chinese New Year
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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