Author: Mike Paterson
2

French fin min switching presser to  matters Brexit  17 Jan

  • UK govt appears to be improvising
  • UK finally needs to embark on Brexit talks

We'll find out a bit more from May at 11.45 GMT but meanwhile Michel what's your plan exactly?

                                            Sapin- Wants clarity on Brexit

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Author: Mike Paterson

USDJPY orders 17 Jan

Currently 113.22 after finding support into 113.00 I continue to play from the short side. Offers: 113.50 115.20 113.80 114.00 114.30 114.60 1 14.80 115.00 Bids: 112.85 112.65

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Author: Mike Paterson

ECB's Nowotny says Trump/Fed relationship "isn't cozy"

ECB gov council member Nowotny speaking in Vienna 17 Jan - cites Fed member as saying "animal spirits" now positive - Eastern Europe most dynamic EU region Got that one right.

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Author: Mike Paterson

French 2016 budget deficit EUR-68.97bln

So says French fin min Sapin in a presser 17 Jan - less than expected €-69.9 bln in last budget bill - Q4 growth probably stronger than Q3 - govt's 2017 budget plans looking more credible

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Author: Mike Paterson
4

Trading ideas - European session 16 Jan

Your daily thread to exchange trading ideas and discussion 17 Jan All eyes on the much hyped speech by UK PM May today but just how hard will "hard Brexit" talk now be on the pound?

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Author: Mike Paterson

Eurostoxx 50 futures down -0.3% in early European trading

Softer tones as we wait on official openings 17 Jan - DAX futures -0.2% - CAC40 -0.2% - FTSE -0.2% Bund futures open +15 at 163.73 In China the SCI closed up +0.2%. CS1300 Index also +0.2%

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Author: Mike Paterson
14

Economic data coming up in this session 17 Jan

Here's what's on the economic data/event calendar for today 17 Jan 2017 Greetings everyone and there's no doubting the hype being thrown around over UK May's speech today, scheduled for 11.45 GMT

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Author: Mike Paterson
1

USD selling continues as Europe stirs

A bit of action in the twilight zone as USD sellers prevail 17 Jan USDJPY posting lows of 113.35 and GBPUSD has now breezed through 1.2100 to post 1.2136 with the market perhaps getting ahead of itself in front of today's Brexit speech from UK PM May at 11.45 GMT

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Author: Mike Paterson

Nikkei 225 closes down -1.48% at 18,813.53

Softer tones to Japanese equities as yen firms again 17 Jan - Topix down 1.41% at 1509.10 - USDJPY has now broken down through 113.50 and testing next support line around 113.30

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Author: Mike Paterson
3

Former RBI governor Rajan says US facing a difficult balancing act

Former Reserve Bank of India head Rajan speaking in HK 17 Jan - any US border taxes will have dramatic global impact - recovery from recession picking up around the world Rajan was RBI gov between Sept 2013-2016 and now a professor at University of Chicago

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Author: Mike Paterson

USDJPY posts new session lows

General USD supply has seen USDJPY fall to 113.56 17 Jan Lows not seen since December and down in Asia from 114.30 after an initial spike from 113.85 Bids/demand nearby around 113.50 then 113.30 with offers now expected to build at 113.80 and 114.00

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Author: Eamonn Sheridan
3

ForexLive Asia FX news: UK PM May will announce a hard Brexit today

Forex news for Asia trading Tuesday 17 January 2017 The big focus during London on Tuesday will be the milk price auction. I'm kidding! UK PM Theresa May will announce that Britain is leaving the EU. She will rule out partial or 'associate' membership of the EU, "anything that leaves us half-in, half out"

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Author: Eamonn Sheridan
7

USD weakens a tad, even cable getting a bid! ;-)

EUR, GBP, AUD, NZD all a little higher CHF too. USD/JPY is a big of a laggard, it is off its highs and back around 114.00 but above earlier lows. GBP has been the focus (especially since June last year I suppose :-D )

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Author: Eamonn Sheridan

Also, Federal Reserve speakers due Tuesday (who & times)

At the World Economic Forum in Davos, Switzerland we get, amongst others, speeches from Xi Jinping, President of the People's Republic of China and Swiss National Bank Chair Thomas Jordan

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Author: Eamonn Sheridan

WEF speakers Tuesday include China's President, SNB's Jordan (scheduled times)

The World Economic Forum continues in Davos today My invitation was obviously lost in the mail, so I'll have to swill champagne at home or down the pub. There is a bucketload of speakers on Tuesday, with plenty of worthy topics for pontification upon. I'm highlighting two that may be of specific interest to markets.

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Author: Eamonn Sheridan

World’s fastest-growing large economy - the two-horse race with a new leader

China is the new fastest-growing large economy says the IMF The Fund has published its report for 2016 growth rates - Says India shot itself in the foot (there's a lot of that going around) when it cancelled 90% of its cash in circulation  (ps. I'll quit it with the mixed metaphors now)

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Author: Eamonn Sheridan

USD/JPY & EUR/JPY orders

The yen has been a little active already today ... USD/JPY slipping under 113.90 and back above 114.20 now USD/JPY - Sellers 114.40/50, 114.90/00 - Buyers 113.80, 113.50/60. Stop loss sellers under 113.50 Currently 114.22

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Author: Eamonn Sheridan
2

EUR/USD orderboard

    A wee bit on the light side ... maybe the week hasn't really started yet ??? Anyway ...                    

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Author: Eamonn Sheridan

AUD and NZD orderboards

Its almost like the week has got off to a late start thanks to the US holiday GBP didn't get the memo, obviously I digress ... AUD/USD - Sellers 0.7485/95, 0.7520/25 (stop loss buyers above 0.7530 and 50) Currently 0.7472

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