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Weekly Market Update
Developments in Eurozone resemble some surreal movie In the last weekly update we wrote about our bearish tone towards Japanese yen. And to be frank, we have been bearish in all our daily market...
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Markets on 20 Feb
Bank of China cut boosts commodities Key market moving events today - US was on holiday due to President’s Day - UK Feb Rightmove house price index jumped 1.4% from year ago, better than previous 0.4%...
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Greek bailout gets approved
Key market moving events today - Greece gets a €130 billion bailout - RBNZ Q1 inflation expectations came in at 2.5% which is better than previous 2.8% - Japan Dec all industry activity index was...
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Yesterday gold, today crude oil
Key market moving events today - Germany Feb IFO index beat expectations in all components - UK Jan BBA mortgage approvals were at 38.1K better than 36.2 that was expected - US Dec housing price index...
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Bank of Japan is having a party
Key market moving events today - Germany Q4 GDP came in line with expectations with qoq at -0.2% and yoy at 2.0% - UK Q3 GDP was -0.2% qoq and 0.7% yoy which was slightly worse than expected - UK Q4...
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Technical analysis for Tuesday
Key market moving events today - Eurozone Jan M3 money supply grew by 0.7% (68.4B) – Data showed that ECB extra liquidity program is working but underlying pace of money growth remains weak. - US Jan...
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Saudi explosion sets WTI crude on fire
Key market moving events today - China NBS manufacturing PMI beat expectations at 49.6 - Switzerland Q4 GDP was slightly better than expected - UK Feb Nationwide housing prices rose 0.9% yoy better...
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Intraday market technical update
Technical look on the markets EUR/USD Remains under pressure as noted previous post. Intraday option expiries at 1.3250 offer the pair slight support but any increase in bearish follow-through will...
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It was volatile week on currency markets
Key market moving events today - Eurozone Economic Summit -EU Council President Herman van Rompuy welcomed Greek steps to meet reform demands by international creditors. “The Greek authorities have...
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Weekly update – Euro to test key levels
Let’s start with WTI crude oil. Technically it should retest the 105 level this week and then try to push a bit higher. Unless, of course, Europeans and Americans will agree to release part of their...
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Weekly market update
We shorted on Thursday morning (January 26) on the NYMEX crude oil futures contracts at 101.27. Stop was at 101.97. The trade was closed on the same day at 100.57. Profit per contract was exactly...
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Fed considering new QE, markets rally
[checklist] Key market moving events today - Australia Q4 GDP came in at 0.4% while market expected growth of 0.8% - Germany Jan factory orders fell a whopping -4.9% yoy or worse than -1.7% that was...
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Ben Bernanke turns markets upside down
Key market moving events today -German IFO business confidence increased slightly to 109.8 vs 109.6 expected and 109.7 previous. Current conditions remained unchanged at 117.4 and sub-index for...
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