Risk on as Germany Hints at Turning Taps
| PPI Input (q/q) | 0.3% |
Germany is under increasing pressure to abandon a balanced budget but the hints so far only indicate a willingness to act after a recession is assured. By then it will be too late. What about the solution of talking down the euro? See more below. CFTC positioning data showed a shift into the yen (see chart below), with the highest net speculative net longs vs USD since autumn 2016 when USDJPY fell below 102. A new Premium trade has been issued today ahead of this week's highlights-- Wednesday's release of the FOMC minutes from the Fed meeting (7pm London) and Friday's Powell speech at Jackson Hole (3 pm London with the possibility text released 90 mins earlier). More detail on these in this week's Premium video coming up tonight.
1st Trade Ahead of Minutes & Powell
Trade Ahead of Minutes/Powell
صفقة جديدة للمشتركين قبيل باول مرفوقة بمخطط مع التفسير بالعربي
Full trades & charts
هناك من متأكد بأن الإسترليني سينخفض تحت ١.٢٠ دولار و البعض يصر ان اليورو سوف يكسر تحت ١.١٠ دولار. و ماذا عن اليورو مقابل الإسترليني؟ تفضل بإستعمال حاسبة اليورو/دولار/استرليني للوصول إلى سيناريوهات مختلفة مبنية على معادلة ثلاثية العملات في الفيديو الكامل
Read More...What started as a week of gloom and doom in the markets, ended with a positive note from the US consumer and a cooling in rhetoric on the US-China trade war. This was supposed to be a quiet week, when central bankers are on holiday and economic data on the light side. But from the way the last exchanges occured, the US-China trade war is far from over. China is growing more vocal and its tack is changing as Ashraf pointed out here. More on this from is time last week, Ashraf issued a Premium short in the DOW30 when it was up 300 pts. The trade was closed with a 700-pt gain. No longs will be issued today despite the index being up 300 pts. There are two existing trades for now. We'll return next week with the FOMC minutes of the last meeting and the Fed's annual symposium for US and global central bankers at Jackson Hole conference, titled this year "Challenges for Monetary Policy" (more details here). Meanwhile, GBP is the strongest currency of the day and the week, in a week that was dominated by swings in indices. More on the market dahsboard below.
