Short recap
Asia green
Europe opening higher
US House looking to complete the tax reform in
2017 as the pressure is mounting
Brexit – EU stance is clear, the exit settlement,
final bill and rights of EU citizens come first then the rest as future trade
deal…etc.
PBOC pushing for more open financial sector in
order to support the healthy developments
Equities
Markets slowly moving higher among extremely low
volatility, Techs coming back
But China credit is bubbling and can be a catalyst for
correction
MSCI to decide whether Chinese A-shares (domestic
shares) will be included in MSCI Emerging Markets Index
Actually, it is already 4th attempt to get
included
Hard to say whether they will succeed and how many share
will be included anyway
CVC Capital Partners to sell Continental Foods
(EUR 1 bln)
Orange to reduce its stake in BT Group (GBP
900 mln)
Boeing out with new 737 jet
PerkinElmer buying Euroimmun (USD 1.3 bln)
Magna won the BMW 5-series plug-in hybrid
production
Paulson on Valeant board
Altaba shares (holding company left from Yahoo
sale) to starting to trade on NASDAQ
Bonds
10-yr Trys yield at 2.18% - moves in yields to show direction
of USD. DXY should get further technical support with the close above double
bottom neckline and possibility to rally towards 98.50 or so. Actually, the extrem bearish USD sentiment is turning and coming back from the lowest levels last
seen in 2011.
10-yr Bund yield at 0.29%
EURUSD
5, 10 and 20 DMA pointing lower
Breaking 1.1194 (10 DMA) can show the momentum lower is
weak
Support at 1.1120/30 but the rising trendline around
1.1040 may be the next target
Resistance 1.1187 (23.6% Fibo)
USDJPY
Should get some support from rising US yields
Resistance at 111.82 (Ichimoku), 100 DMA at 111.85
But well set up for a rise towards 114.36
Support at 111.24 (50.0% Fibo)
Large expiring options between 110.50/111.00
Data/Events
Fed’s Fischer (0715 GMT)
BoE’s Carney (0730 GMT)
UK’s Hammond (0800 GMT)
Fed’s Rosengren (1215 GMT)
ECB’s Coeure (1500 GMT)
Fed’s Kaplan (1900 GMT)
Wed
Brexit - Queen’s speech 1030 GMT
Thursday
EU Summit
Fed’s Powell (1400
GMT)
Fri
Fed’s Bullard (1515
GMT), Mester (1640 GMT), Powell (1815 GMT)
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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