Oct 26, 2017 - Market Update (ECB day today but should they do anything?, Turkish CB in the spotlight too, EURUSD range 1.1660-1.1860/1.1900+, Airbus-Bombardier deal a China story?, Brazil yields up on elections risk, VIX to loo for too long - recall the Aug 2015 China blow...)

Short recap Asia flat Europe opening flat China going for USD denominated bonds again (first issue from 2004) ECB day today - lots of uncertainties around QE cut back (low inflation, strong EUR vs growing economy) Still not clear whether ECB should do it today or not A Turkish Central Bank announcement important today As there are speculations about Germany...

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Oct 20, 2017 - Market Update (US Senate moving on budget, US jobless claims hitting multidecade low - positive on spending/GDP/inflation/USD, Catalonian bank run, S&P 500 tested the support around 2544/40, Earnings to set the tone for today's trading, Schlumberger results important for correction in energy stocks)

Short recap Asia up after some hesitation at the beginning Europe opening higher US Senate moving on 2018 budget, next step towards tax reform US jobless claims hitting multidecade low what means more people working, more money for spending As consumption is 60% of US GDP, we can see in the future higher GDP growth pressuring up inflation Merkel positive on...

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Oct 16, 2017 - Market Update (May urgently in Brussels ahead of EU Summit, Austrian elections outcome a non event as no exit EU talk, ECB's QE limit at 2.5 trln?, Aramco's private shares sale instead of IPO, Volkswagen short of cobalt supplies, Tech to benefit from corporate spending but position adjustments imminent, USDJPY weekly - not great for bulls but DXY holding above lows may give a hand)

Short recap Asia up Europe opening higher Governor of PBOC Zhou bullish on Chinese economy ahead of Congress Austria turning populist to far right but no exit EU talk To challenge Macron’s view of more Europe, tough on immigration…etc. Catalonia ready for talks with Spain but no mentioning of declaration of independence Iraqi military in control of Kurdish...

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Oct 12, 2017 - Market Update (FOMC Minutes - debated inflation, JPMorgan & Citigroup reporting, Goldman Sachs back to investment banking?, EURUSD above 1.1830, heading to 1.2000 but..., CZK on the horse, Gold - which way now?, Homework time for Catalonia until Monday)

Short recap Asia up reaching 10 yr high Europe opening flat to lower Spain gave until Monday Catalonia to drop independence Otherwise will take over all powers over the autonomy region Oil inventories rising even though OPEC is cutting production FOMC Minutes – inflation debate intensified Some patience to assess inflation path warranted But others are looking...

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Oct 9, 2017 - Market Update (Quiet trading today unless..., Honeywell spinning off, Deutsche Borse working hard on moving euro clearing out of UK, JPM/Citi expecting lower trading revenues, BofA to benefit from cost cutting and expanding in retail, USDJPY - Peaking and may loose momentum as per daily chart/MACD)

Short recap China in green after one week off Europe in red US/CA/JP markets closed on account of Columbus day/Thanksgiving/Health-Sports day US banks/Trys closed but stocks open NFPs good on earnings, the rest is a question of interpretation (hurricanes, steady jobs growth…etc.) But USD not taking any clues Should have quiet trading unless Catalonia declares...

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Oct 6, 2017 - Market Update (Biz moving out making Catalonian politicians to think twice as Quebec is a nice example, NFPs & DXY - Good number Ok, bad number…because of hurricanes…as simple as that, EURUSD watching 1.1662 & 1.1615/05, USDJPY ready to test 113.25 & 113.37, Republicans moving on taxes, Fed warning of inflation/debt)

Short recap Asia up, inspired by US stocks printing new highs on tax reform hopes EU opening higher Republicans moving on taxes, Fed warning of inflation and unsustainable debt IMF still supports accommodative policy from ECB, BoJ Italian CB asking ECB to soften bad-loan plans ECB to put legal restrictions on ICOs Bitcoin may fall to their jurisdiction anyway But...

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Oct 4, 2017 - Market Update (IBEX under pressure, China conspiracy theory, Some US companies may revise down, Monsanto facing issues with new soybeans Xtend, Buffett likes Pilot Flying, New Fed Chair speculations riding USD and Trys yields, EURUSD - a new H&S formation?, Gold found strong support at 1268)

Short recap Japan/Hong Kong up, China/SoKo closed Europe opening mixed UK heading towards hard Brexit on settlement bill dispute Likely to be much larger than UK politicians think But 2-yr transition period helps to remove pressure from GBP Higher USD causing USD funding issues A China Conspiracy Theory: "What If Beijing Is Behind The Entire Move?" SocGen...

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Oct 2, 2017 - Market Update (Catalan 90% vote, Johnson-May old friends, DAX attacking 12 954 on weaker EUR, 10-yr Trys yield bullish close, Global equity funds enjoying the money in rally)

Short recap Asian up Europe opening higher Catalonian 90% vote for independence Madrid and police not comfortable with it Declaration of independence likely to come in 48 hours Boris Johnson sees Theresa May gone within the year (friends…) Boeing-Bombardier dispute a proof of UK-US Trump kind of preferential partnership Warsh the new Fed’s head after meeting...

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Oct 2, 2017 - Weekly Commodity - Opportunities ahead in Crude, Corn and Sugar as well

Commodity markets are currently in a difficult situation as combination of fundamentals and stronger dollar both added pressure. However the technical picture reveals medium term opportunities in all three commodities we follow. The crude oil had a nice rally behind but despite promising news about growing demand, could hold recent highs. During the brent driven rally...

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