Short recap
US markets closed on Monday on account of President’s
Day (not to get confused with Trump, reference is to George Washington
birthday) :o)
CA markets closed as well on account of Family Day
DXY not reacting to Mar 15 hike increased likelihood
(40%)
Fed likes to see the probability of rate hike above 75% to
act
Will see whether Fed officials will be convincing enough to
increase the probability before Mar 15
Kraft Heinz buying Unilever for USD 143 bln is
off
US shale oil producers facing a rising costs
(first time after couple of years)
Battle for German drug producer Stada keeps heating
up with the latest Bain Capital acquisition proposal for USD 3.8 bln. The
shares trading at new historic highs below EUR 58.
DAX likely to test 12 000 as strong underlying
momentum continues
EURUSD – jumped from 1.0530 (61.8% Fibo) but range
trading
Markets like to see the cross below 1.0700, pressured by
political risks as well
1.0500/25 key for further testing below 1.0350
Lower Bund yields can be seen as risk off in EZ
10 yr Trys yields struggling to break 2.50% level, will
see how market will react to hawkish comments from Fed officials
USDJPY – support around 112.50 + 23.6% Fibo + support
in the form of descending trend line connecting high of Jan 3 & Jan 27
Then lows around 111.60
XAUUSD – still range bound 1220 (38.2% Fibo) and
1245/1250 (50% Fibo)
Data
UK: CBI Industrial Trends Survey – hard to say after Dec
negative surprise but Brexit impact is more and more visible
EZ: Consumer Confidence Indicator – expected to stay steady
but upcoming elections in EZ could weigh on sentiment
EZ FinMin meeting today, no resolution expected on Greece
Putin supporting the EZ or EU collapse? Not really...
Putin is definitely not interested in collapse of EZ
36% of Russian foreign currency reserves are in EUR (USD
48%)
Russian businessmen invested heavily in EU
EU is the largest trading partner for Russia with exports
worth of almost USD 100 bln to EZ, what equals to exports to the rest of the
world
Foreign direct investments to Russia from EZ total 70% of
all FDI flowing to Russia
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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