Feb 18, 2017 - (Video) Land of Trading Live Trading Room Edu

Hi,

please find below recording of our latest Free Live Trading Room ( from 9th of February ) where ( as ususal ) we were looking for trading opportunities, enjoy !

Join Us and check how and what we are doing

FREE LIVE TRADING ROOM - click here

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


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, Blog: landoftrading.blogspot.com

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Feb 17, 2017 - Market Update

Short recap

Asian stocks pausing

Samsung VP in custody over bribery, shares down only 1% as the company has good track record in coming back from troubles

Oil found support in talks about OPEC extending its production cut (now 6 month only)

ECB Minutes showing possibility of capital key adjustments what benefits peripherals a lot

French yields lower after seeing huge demand for 2028 bond issue yesterday

Trump at the end of his marketing cycle, starting campaigning again over the weekend

Ryan (speaker of the House of Representatives) having troubles to push tax reform to republicans

Trump at joint-session of Congress on Feb 28 presenting his agenda, looking at cutting corporate tax to 15% but Republicans resistant and open to 25% only as their fear of increasing the debt ceiling again what will have implications on US credit rating

No clear expectations of his agenda for now, either he disappoints or makes it

Allianz ready for buy backs worth of EUR 3 bln and adjusting budget for takeover activities

Deutsche Boerse – LSE acquisition process spiced up by allegation of DB CEO from insider trading

Snap IPO – owner of Snapchat to start investor roadshow on Monday, lowering target valuation of the company

Germany supports Peugeot-Citroen takeover of Opel/Vauxhall on no planned job cuts or factory closings

JP Morgan, BoAML, Citigroup proposing publicly to easy anti-money laundering rules as they are ineffective

Blackstone buying Cloudreach that is active in cloud computing business

OpenFin (financial software developer) raising USD 15 mln from JP Morgan, DRW Trading group (high-speed trading firm) and NEX Group (interdealer broker)

Saturday, US VP Mike Pence to reassure allies in Europe and polish the wording Trump is using towards NATO and Russia

Data

Feb 20 – EZ FinMin meeting on Greece

Feb 28 – Trump at Congress (US stock investors should get ready for a correction if Trump disappoints; on the other hand they are still likely to find a pro-growth solution)

Mar 15 – FOMC

Mar 17-18 – G10 FinMin and central bankers meeting (right after FOMC)

…the period between Fed 28-Mar 15 would be interesting as Trump believes in weaker USD

EURSEK – seems to be heavy after Riksbank not delivering

Waiting for CPI

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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Feb 16, 2017 - Market Update

Short recap

Asian stocks still supported by Wall Street

US stocks still at highs, valuations adjusted for inflation at 1997 levels

USD did some woo-doo after very strong US data yesterday when profit taking erased all the gains

Yellen’s comment about “growth being quite disappointing” likely scared some traders

Despite US GDP growing very closely to Fed predictions

DXY dropped significantly from yesterday’s high, 50 DMA at 101.37 acting as resistance now

10-yr Trys yields printed 2.52% yesterday but retreated to 2.48% (as of writing)

Mar 15 hike probability at 44% from 34% yesterday

Oil lower on concerns coming from record high crude/gasoline stocks

Car registrations in EU up more than 10% what may benefit Volkswagen as it regains its share

Peugeot-Citroen acquisition of Opel/Vauxhall not welcomed in Germany/UK amid fears of loosing jobs

Tesla printing the highs

Nestle in line with estimates, EM markets still focus

US stock investors favoring international markets over “America First”

Canada Prime Minister Trudeau to address the EU Parliament before meeting Merkel

Will be definitely watch in Canada in the light of tweaking NAFTA as well as on EU side, as a free trade message to Trump

FX Options

EURUSD – likes 1.0600, scared of 1.0500

Trending lower (4 hour chart) despite a small break

RR favoring more and more EUR puts

Strikes with expiry on May 8 (FR elections on May 7) well bid

USDJPY

Vols supported by 10-yr Trys yields between 2.48%-2.52%

Not moving higher but should accelerate once spot moves higher

AUDUSD – good employment data

Small break above 0.7700 doesn’t look like lasting long

Vols trading at low levels, still have room to decline slowly

Implied vols lower vs realized

Data

EZ: ECB Minutes

US: Housing Starts – to increase slightly

US: Initial Jobless Claims – to increase slightly

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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Feb 15, 2017 - Market Update

Short recap

Asian markets up on Wall Street and Yellen

EU markets opening higher

SoftBank Group to buy Fortress Investment Group (USD 3.3 bln) as it is preparing to enter the private equity space

GM’s decision to put Opel/Vauxhall on sale is a turning point for the company as the company will exit the production in Europe

If talks with Peugeot-Citroen succeed the global auto map will be redesigned completely

CEOs of US retailers to discuss the border tax with Trump today

Studying Trump actions becoming a norm for professional investors (apart from fundamentals…etc.)

FinTech is venturing into M&A business of Goldman Sachs now after eliminating tons of trading jobs before

Momentum in financials seems to be firmly in place with Goldman Sachs reaching historic highs

But we may be getting a bit overstretched despite momentum

Trump’s New world is turning into New NATO and many European countries need to live up their 2% of GDP obligation

Thus seeing new opportunities on long side in: BAE, Leonardo, Lockheed, General Dynamics, Raytheon and Northrop

EZ peripheral yields falling down despite the ongoing clash between EZ and IMF over Greece

Greece not open to any further spending cuts; the situation may turn up badly at some point

Some US banks licensed to issue Panda bonds in China (inland)

USDJPY – levels 115.00 and 116.00 (cloud top)

EURUSD – 1.0566-1.0576/78

Yellen

Fed likely hiking on Mar 15 but need to watch job market and inflation expectations (probability at 34%)

3 hikes still in place for 2017 (prised at 50/50 for Dec); market is pricing 2 hikes

Waiting too long would be unwise

Trump policies are a big unknown/risk

Eventually, Fed can do pre-talk in March and hike on May meeting (despite no press conference)

Fed has an authority and responsibility to talk with global regulators

Data

UK: Labour Market Report – claimant count expected higher

US: Consumer Price Index – headline CPI to rise the most since 2012 while Core CPI expected slightly lower

US: Consumer Price Index – expected to slow down

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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Feb 14, 2017- (Video) Land of Trading Live Trading Room Edu

Hi, please find below recording of our latest Free Live Trading Room ( from 8th of February ) where we were looking for trading opportunities, enjoy !

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


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, Blog: landoftrading.blogspot.com

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Feb 14, 2017 - Market Update

Short recap

EU markets opening lower

Oil staying range bound on OPEC cut compliance vs non-OPEC production rising

The cut primarily by Saudis only

WTI very range bound 52-54/54.50

Negative bias on US shale oil production rise prevails in the market

Another blow to Trump after immigration ban legal issues as his security advisor Flynn was forced to resign on allegation of discussing lifting sanctions against Russia before Trump becoming officially a president

Trump not looking at major trade overhaul with Canada, likely just few adjustments here and there (marketing wise likely)

Lloyds Banking Group close to moving its EU operations to Berlin in order to keep access to single market

Apple at record highs on expectations of better sales figures from new iPhone (10^th anniversary) launch and customer demand

Closed at USD 133.29, what brings its market value toUSD 699.3 bln

All time high at USD 134.54 (Apr 2015)

Ivanka Trump branded production being dropped more and more

EURUSD below 21 DMA

Below rising medium term support line (now at 1.0620) connecting lows of Mar/Dec 2015

Through 38.2% Fibo

Next ones of interest are 1.0585 and 1.0530

Below just cycle low around 1.0340

Should we start to talk about parity on political risks in EU and yields divergence again?

Yellen definitely needs to confirm the Fed’s hawkishness

If she confirms 3 rate hikes this year, starting in June may be too late

Bear in mind that she might be geopolitical risk sensitive

US 10-yr Trys yield steady at 2.43%

10-yr Bunds yield steady at 0.33%

Data

GE: ZEW Economic Sentiment Index – to print slightly lower

US: Small Business Optimism Index – to print slightly lower after strong Dec

China PPI up to 6.9% y/y

Is it going to push EZ prices higher?

Fed can reach its 2% inflation target pretty soon as US imports cost more and rising prices for service are more evident.

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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Feb 13, 2017 - Q4 Earnings - Week 5

Q4 Earnings – Week 2017-02-12

Based on the earnings release the Q4 season easily qualifies as the best of the last six years. Despite all turbulence in the markets, post-US elections volatility, renewed optimism above US corporate world the higher USD and lower prices of oil are having weaker impact on corporate profits and revenues. The EBITDA and revenue growth are back to black and is likely the growth trend will continue well into 2017. But let’s have a look what names report this week:

AIG – market is expecting higher profit after not very perfect 2015

PepsiCo – as for Coca-Cola the stronger USD, recent slowdown and changing underlying consumers’ behaviour effect the company results. More and more people search for healthier food and beverages and is also topped from regulation side by few changes in labelling the products and adding warnings about negative effects of sugars. On the other hand the higher prices of some of its products and better demand for healthier products can be supportive. While going into earnings release bear in mind that company is above its peers in terms of various metrics. Expectations are for revenue growth of 5% and EPS growth of 9%, both y/y.

Cisco – the company seems to have a hard time to turn the business upside down and enter new but fast growing and profitable business of datacenter and internet of things playing field, cloud and security. As it is stuck for now to its core traditional business the revenue is to decline 3% and EPS 2%, both y/y. The comparison with peers shows us the company is below the average.

Nestle – investors are curious about new CEO and his direction and focus (nutrition and pharmaceutical part). All of that will be watched apart from revenue that is expected to growth 2% y/y and EPS to decline 3% y/y.  The company is suffering from an ongoing slowdown and emerging markets may put additional pressure if the economic rebound in Q4 was not translated into higher revenue for Nestle. From a perspective of comparison with its peers, it is worth to look at the company valuation and price actions (charts) as it has underperformed lately.

GoldCorp – to report higher profit as the price of gold moved higher

Restaurant Brands International – new restaurant opening and changes to menus should prompt the profits higher. Just wondering how the owner of Burger King and Tim Hortons can lure the customers in other countries.

TMX Group – to show pick up in profits and revenue from volatile trading across Canadian equities, derivatives and energy

Teva Pharmaceutical Industries – to report by has already warned about weaker 2016/2017 results. The generic producers is under heavy load of debt (from Actavis acquisition), weak US market and some not perfect management decisions.

TransCanada Corp – markets are expecting better results on higher shipping volumes of gas and oil. What will not fly by unnoticed will be the update on XL Keystone pipeline.

Hilton Worldwide Holdings – should benefit form better bookings of more expensive rooms despite business travel decline

Deere & Co – lower commodity prices of agricultural products to have negative impact on company results

Bombardier – to report smaller loss than last year (USD 673 mln). The impact of CSeries program still present.

Name	Exchange	Date	Estimated EPS	EPS growth y/y	Estimated Revenue
Noble Energy	US	Mon	-0.10	…	1,000
TMX Group	CA	Mon	1.12	…	0.184
AIG	US	Tue	0.34	131.1%	12,871
Heineken	NL	Wed	1.99	8.3%	10,477
Credit Agricole	FR	Wed	0.22	-30.2%	4,416
Air Liquide	FR	Wed	2.73	-2.0%	10,426
Danone	FR	Wed	1.58	…	5,410
PepsiCo	US	Wed	1.16	9.2%	19,535
Cisco Systems	US	Wed	0.56	-1.6%	11,534
Kraft Heinz	US	Wed	0.88	41.8%	6,755
GoldCorp	CA	Wed	0.13	…	1,080
AirFrance-KLM	FR	Thu	…	…	…
Nestle	CH	Thu	1.74	…	24,396
Schneider Electric	FR	Thu	2.29	16.4%	12,794
TransCanada	CA	Thu	0.72	12.7%	3,480
Charter Communications	US	Thu	1.07	185.8%	10,229
Duke Energy	US	Thu	0.81	-6.7%	5,892
Allianz	GE	Fri	3.66	22.8%	27,547
Enbridge	CA	Fri	0.58	20.0%	9,584
Deere & Co	US	Fri	0.53	-34.1%	4,675

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: landoftradingATgmail.com

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Feb 13, 2017 - Market Update

Short recap

EU markets higher

Abe sure US will make major investments

Expanding free trade to be done in a fair manner

US will make currencies to fair level playing field but no specifics, USDJPY relief rally, later corrected

Risk of currency wars fading

The tax overhaul and incentive based policy part of next steps

On the other hand US lowering taxes and exporting more means stronger USD (unless they do something about it)

Likely Trump backed off from Taiwan issue (One China policy) for the benefit of Senkaku islands (China backing off from Japan control islands)

Likely something regarding North Korea as well

Trump administration will have a chance to fill three vacancies at Fed, thus can make a print on monetary policy after recent announcement of top official responsible for bank regulation resignation

North Korea biting again with medium- to long-range missile test

Canada Pension Plan (one of the biggest infrastructure investors globally) awaiting Trump’s plans but still too soon to see opportunities

Iron ore futures up 5.6% breaking important resistance

Oil – higher inventories may lead to additional OPEC production cuts

6 month period is too short for rebalancing the oil market despite high compliance with cuts

Some US financials may not be able to service the EU markets if Trump repeals globally imposed financial regulations

Sanofi to sell some OTC products to Ipsen

Stada becoming an acquisition target after receiving two offers

GE-FR and GE-NL spreads rising ahead of elections in NL (March) and FR (April/May)

Data

US: Treasury Inflation Forecast – expectations to edge higher

Yellen testimony (Tuesday/Wednesday):

For markets it is enough if she supports the view of Fed moving without looking too much at Trump

No need for a date and USD can find further support

Comments on balance sheet can be of interest

Gold – 1220/1245/1250 levels

To watch USD, yields, Trump tax plans

Specs keep increasing longs

AUDUSD – an inflation play

Next 0.7700, then 0.7750

To loose momentum needs to break below 0.7600

Specs longs in USD reduced further but still long USD 17 bln

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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Feb 12, 2017 - Weekly Macro W7 (OPEC monthly report, China, UK and US Inflation, Yellen testifies)

Last week equity markets rallied on Trump’s tax promises and oil prices jumped on IEA Monthly Report as OPEC members cut production in January more or less as agreed. Therefore the OPEC report on Monday will likely have only minor impact unless reveals some important details. The first half of the week will be about GDPs from Japan, German and EZ as well as about inflation from China, UK and US. On Thursday and Friday we have the first bunch of US housing market figures. During the week some Fed speakers will also take the stage but the most important will be Yellen’s testimonies. Investors are also following the events in Washington as analysts are more and more concerned about the ability of Trumps team to push his reforms through.

Monday

Well we will start already late Sunday with Japanese quarterly GDP which is expected to rise 0.3% in Q4. With no specific date and time this week should be released the Chinese FDIs for January along with New Loans and M2 Money Supply. The OPEC Monthly Oil Market report is also scheduled for Monday, but as mentioend probably with limited impact unless surprising details will be released. Also the German central banks BUBA monthly report will be released at GMT 11:00. The report can cause some volatility in EUR crosses if it would support the rumours about a potential ECB tapering this year.  

Tuesday

It will be busiest day of the week. After midnight we have Chinese inflation which expect higher again. Especially the PPI is accelerating in the recent months that will potentially help to boost inflation in Europe and US, however the Yuan needs to stay stable. In the European morning the preliminary German GDP may add some volatility. On 12th January the Federal Statistics Office already projected growth rate for Q4 at 0.5% and for full year 2016 at 1.9% both better than analysts’ expectations. However the first firm data for Q4 will be released now and it still needs to confirm the January estimate. Three hours later the EZ GDP will be released (with ZEW Eco Sentiment) and no change in the pace of growth is expected. The UK CPI is accelerating quite rapidly and it doesn’t show any sign of cooling down and analysts expect another increase. This may force the BoE to start to think more hawkish even the current account is still close to record deficit. In the afternoon US PPI will have moderate impact as the market will be waiting for Yellen’s semi-annual Monetary Policy testimony before the Senate Banking Committee. Don‘t forget the API oil stocks in the evening even after the OPEC report could have less importance.

Wednesday

The UK Office of National Statistics will release the Labour Market Economic commentary with avg. Earnings, jobless claims and unemployment rate and minimum or no change is forecasted by the analytics. And that‘s all for the European morning so far while the afternoon will be busy in the US. After lunch time the US CPI, Retails Sales and Empire State Manufacturing Index will be released. Little later we have US Capacity Utilisation Rate (something closely followed by Fed) and Industrial Production.  Janet Yellen will continue his semi-annual testimony before the House Financial Services Committee. EIA Weekly Crude Inventories will be the last important data of the day, however as API, probably less important after the Monday OPEC report.

Thursday

Australia will be in focus after midnight as the Labour Force stats will be released. The unemployment rate started to rise recently which was kind of a surprise for the market and definitely not a good sign. However with the increasing industrial metal prices and recovery in mining sector this uptick could be temporary. Let’s see.  At lunchtime we have the ECB Monetary Policy Meeting Accounts, which could shed some light on the future policy direction, especially with the rumours about the possible tapering this year.  US housing will be in focus in the afternoon. The Building Permits are expected to decline while the number of Housing Starts should increase slightly. Both annualized numbers are more or less stable around 50% of the pre-crisis levels. The deregulation promised by Trump should help to boost also the housing sector, but the question is if it‘s really needed ... to create another housing bubble. The Mortgage Bankers Association should publish the percentage of Mortgages that are one or more payments late. US Mortgage delinquencies is a very important indicator of the health of the housing market and we don’t have the exact date and time of release. The indicator is declining since 2010 and the number reported in November is lower than it was during 2007 when the problems in the housing market started to materialize. In the evening the New Zealand retail sales are due and it will be watched closely after the last week’s dovish RBNZ statement.

Friday

The last day of the week will be a quiet one. We have EZ Current account in the morning which expanded much more than market expected in November. For December a slightly lower number is forecasted. Later the UK retail sales will be released and after last month surprise drop now positive number is expected btw 1-1.2%. In the afternoon CAD traders may experience some volatility as Domestic Security Purchases by foreigners will be released by Statistics Canada. The last figure of the week will be the CB leading index which is a combination of 10 economic indicators, will be published and no change is expected. As most of the indicators are known already, no major impact is expected.

Good Luck and remember to watch your risk and be consistent

Mr. Tech Man

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, Blog: landoftrading.blogspot.com

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Feb 12, 2017 - Weekly Charts: DX, EURUSD, USDCAD

Hi,

for a long time, here at Land Of Trading we were USD bulls. The Price Action of the last two weeks on DX showing some signs of possible consolidation or even deeper pullback.

What bulls need to do ?
Quickly take out supply ( and close above it on weekly chart ) visible on the chart below.

We don't change the medium term view yet but cautios is needed!

Also, please check EURUSD and USDCAD charts below ( description on the chart ):

DX Weekly:

EURUSD Weekly:

USDCAD Weekly:

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


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, Blog: landoftrading.blogspot.com

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Feb 12, 2017 - (Video) Land of Trading Live Trading Room Edu

Hi,
please find below recording of our latest Free Live Trading Room ( 2nd of February ) where we were looking for trading opportunities, enjoy !

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


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, Blog: landoftrading.blogspot.com

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Feb 10, 2017 - Market Update

Trump honoured one China policy during the phone call with Chinese president

EZ bond yields rising – on Le Pen only, really? May be the market is expecting QE taper at some point but what about traders just overlooking the underlying issues not being fixed across EZ?

Also the Trump support of corporate America may not be the best for EZ companies and that combined with political risks in Europe doesn’t help DAX to follow the gains in US indices that closely.

Greek 2-yr yield was sharply up to 10% while the rest of pheriphey contracting and now falling on hopes of successful bailout outcome. EcoFin meeting on Feb 20 to discuss Greek bailout.

Data

US: U. Michigan Consumer Sentiment (Feb) to print slightly lower

Abe-Trump meeting today, press conference at 1800 GMT

But they will be playing golf over the weekend, so we can still have more headlines coming

...one of the many opinions circulating around:

ECB to unleash a 'perfect storm' for EUR shorts - Credit Agricole  link

In April, the ECB will cut the pace of its monthly purchases from EUR 80bn to EUR 60bn.

This, coupled with growing purchases of shortdated bonds, trading below the deposit rate floor, should compound the risks for EUR ahead of the election season in the Eurozone.

The combination of reduced bond purchases and reallocation of some of these purchases towards the short-end of the curve will have a negative impact on EUR.

EURUSD – pivot 1.0641, 1.0620 than 1.0570 and 1.0500

Gold – support 1220

S&P 500 – above 2300 where sky is the limit...

USDJPY – depending on US yields and upcoming Abe-Trump meeting; levels to watch: 114.00, 114.40/50 and 115.40 or top of the cloud around 116.00.

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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