3 hours ago | October 21st, 2014 06:59:27 GMT

Trading Ideas – European session 21 Oct

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As we wait for the tail-end of Hurricane Gonzalo to hit UK shores what core elements of force are you looking to use/avoid in this session/next few days ?

Share your ideas and thoughts here

And, yep, regular readers will know I need little excuse to post a bit of NY

7 Comments

4 hours ago | October 21st, 2014 06:08:43 GMT

Swiss trade balance Sept mm CHF +2.452bln vs +2.646bln exp

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  • +CHF 1.331 bln prev
  • exports -3.3% vs -0.2% prev revised up from -0.7%
  • imports -7.4% vs +7.8% prev revised up from +6.4%
  • watch exports rise +3.1% yy to CHF 1.964bln

That’s a lot of watches. So all’s right with the world then.

USDCHF 0.9410 still EURCHF 1.2065

Swiss trade balance mm

Swiss trade balance mm

2 Comments

4 hours ago | October 21st, 2014 05:59:03 GMT

Total’s De Margerie dies in Moscow plane crash

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News out a little earlier that the CEO of Total oil company, Christophe de Margerie, has tragically died in a plane crash  as his private jet was trying to take off at Moscow’s Vnukovo airport.

Airport spokeswoman Elena Krylova said:

Tonight, a plane crashed when it collided with a snow-clearing machine. Three crew members and a passenger died. I can confirm that the passenger was Total’s head de Margerie

Latest news from the investigating committee says the snow plough driver was heavily under the influence of alcohol, making the event even more tragic.

The Total CEO was highly regarded within the oil industry. At the company, where he had spent his entire career, he was nicknamed “Big Moustache”

Total's de Margerie - a tragic loss

Total’s de Margerie – a tragic accident at Moscow airport

During his time at the helm of Total Mr Margerie successfully defended the company against allegations of corruption around the UN oil-for-food programme in Iraq and maintained the company’s investments in Burma and Iran despite US sanctions against those countries. This year he argued Europe should maintain its energy relationship with Russia amid the conflict in Ukraine.

The BBC has more here

 

3 Comments

4 hours ago | October 21st, 2014 05:42:52 GMT

Nikkei off its lows as we head into the close

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I love the smell of poetry in the morning. lol

Nikkei’s fall posted lows of 14,761.84 a little earlier but currently 14,818.97

Our man down under , equity guru Eamonn, had the heads-up on a Nikkei drop in this post over 7 hours ago coupled with the overkill of yesterday’s rally

USDJPY posted lows of 106.24 but moving higher again at 106.43 as the Nikkei stages this bounce in to the close at the top of the hour

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4 hours ago | October 21st, 2014 05:35:59 GMT

Option expiries 10am NY cut 21 Oct

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  • USDJPY 107.00 (USD 835m) 107.50 (USD 682m)
  • EURUSD 1.2600-05 (EUR 620m) 1.2655 (EUR 828m) 1.2685 (EUR 400m) 1.2700 (EUR 1.9bln) 1.2750 (USD 794m) 1.2800 (EUR 1.5bln)
  • GBPUSD none
  • USDCAD 1.1150 (USD 335m) 1.1250
  • AUDUSD 0.8650
  • NZDUSD 0.8105 (NZD 846m)

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4 hours ago | October 21st, 2014 05:23:01 GMT

Data coming up in this session 21 Oct

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Good day one and all

About-turn for the yen again and some cheer out of China as Europe opens up

Datawise it’s another quiet one but we can hope for some decent price action to keep us going

Have a good session out there

Times GMT+1 (UK)

Economic Data  (1) 21 Oct jpg

Economic Data (1) 21 Oct jpg

Economic Data  (2) 21 Oct jpg

Economic Data (2) 21 Oct jpg

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