Author: Eamonn Sheridan

A few bits and pieces from the UK (and other) press re Brexit moves

  • European Union leaders gathering in Rome on Saturday to celebrate 60 years since the Treaty of Rome
  • Sought to reinforce the unity of the remaining member states
  • UK could be a "serious competitor" to Switzerland as a low-tax business location in a post-Brexit world
Former European commission president Barroso says Brexit Talks Will Fail Without Compromise
  • Brexit negotiations are on course to fail unless both Britain and the European Union ditch their winner-takes-all approach to the coming talks


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Author: Eamonn Sheridan

China Jan - Feb industrial profits +31.5% y/y

Meanwhile commodities markets have opened in China Lower, not surprisingly, for iron ore and rebar more to come NBS announces Jan - Feb industrial profits +31.5% y/y, via Bloomberg headline

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Author: Eamonn Sheridan
6

USD slipping lower still ... AUD a clear underperformer though

USD/JPY sliding ... down towards 110.30 (circa there as I update) S&P futures in Globex trade have been sold heavily  (a relative high volume selling session so far) and the AUD, too, another 'risk' barometer is copping it. AUD/USD near its session low even as the USD gains.

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Author: Eamonn Sheridan
8

Warning, not FX! Bob Dylan interview

I was going to pop in over the weekend and pos this, but, nope, didn't. During all the tumult last week I saw this and though it might be of interest to fans:

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Author: Eamonn Sheridan
2

BOJ "Summary of Opinions" (March policy meeting)

The Summary of Opinions comes out very soon following the policy meeting and precedes the formal minutes by weeks Summary of the Summary via Reuters headlines

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Author: Eamonn Sheridan

Japan data - Feb. Services PPI: 0.8 % y/y (+0.5% expected)

Services PPI: 0.8% y/y - expected +0.5% - prior +0.5% -- This economic indicator is a guide to prices for services products provided by Japanese companies to other businesses & government. Maybe they are interested in it, then ;-)

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Author: Eamonn Sheridan
7

USD slips a little more

It is still very early in Asia, just after 8.15am in Tokyo and an hour earlier in Singapore and Hong Kong USD remains under pressure. Update: Globex trading is open (overnight futures in Chicago), emini S&P500 futures are down more than half a percent.

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Author: Eamonn Sheridan
2

Unconfirmed reports of explosions heard in Paris suburbs - details sparse

Only very sparse reports at this stage. Little in the way of further details ... treat this as a rumour only at this stage - Bondy area - Northeastern suburbs of Paris  Once again - details are very sparse, treat this as a rumour ... awaiting more info / confirmation. I've been unable to confirm nor find more details yet 

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Author: Eamonn Sheridan
20

Trade ideas thread - Monday 27 March 2017

Welcome again to the new week! And to the thread for charts, technical analysis, trade ideas, thoughts, views, you'd like to share and discuss with fellow ForexLive traders.

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Author: Eamonn Sheridan
40

Any advance on 3 stories for why the USD is lower?

Here are the 3 stories I've seen for why the USD is lower early in the week here 1. . Well, it didn't even get to the vote ... what a mess. Trump lost the Healthcare vote on Friday

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Author: Eamonn Sheridan

OIL - Russia wants more time, data before deciding on deal extension

Russia's Energy Minister Alexander Novak spoke in an interview - In reference to the to extend oil production cuts Novak said he'd wait on a ministerial meeting to discuss, and more time and info on the market, inventories, production The weekend meeting was attended by 7 (of 24) countries part of the production cut deal

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Author: Eamonn Sheridan
2

OIL - UAE will cut oil production more than expected under the agreement

Weekend comments from The United Arab Emirates (UAE) Energy Minister Suhail Mohamed Faraj Mazrouei on Sunday - UAE expects to surpass its obligations under the OPEC & non-OPEC deal on reducing oil output Mazrouei speaking at a press conference after a meeting of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers in Kuwait City

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Author: Eamonn Sheridan

German Chancellor Merkel's conservatives won a regional election - big boost

A state election in Germany over the weekend has resulted in a big win for Chancellor Angela Merkel's conservatives - Saarland election - Exit polling shows Merkel's Christian Democrats (CDU) won 40.1% (from 35.2% in the previous election, 2012) The result is being seen as a good boost for Merkel ahead of the September 24 general election. Saarland is a very small state, and there is still a long time to go until the general election, but there you go.

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