15 hours ago | November 21st, 2014 08:44:37 GMT

Trading Ideas – European session 21 Nov


Ok good people, in between the headlines coming out now here’s your chance to throw a few wonderful trading ideas and thought into the pot

Reasons always welcome

Orderboards on their way but in the meantime here’s a Friday classic


15 hours ago | November 21st, 2014 08:41:17 GMT

More from Draghi: ECB would broaden purchases if inflation risks materialize


  • if policy not effective
  • ECB will do what it must to raise inflation and inflation expectations as fast as possible
  • it is now changes in the size and composition of our balance sheet that determine our mon policy stance
  • QE in US and Japan has led to significant fx depreciation

And down comes the euro on the QE talk

EURUSD 1.2495 EURGBP 0.7980 EURJPY 147.20


15 hours ago | November 21st, 2014 08:30:15 GMT

Draghi says ECB has reached lower bound on interest rates


  • economic situation in Eurozone still difficult
  • inflation situation has become increasingly challenging
  • underlying growth momentum remains weak
  • have to be very watchful that low inflation does not start filtering through economy in negatve way
  • strong Eurozone recovery unlikely in coming months
  • essential to bring inflation to target without delay

Honest assessment from the ECB president so far

EURUSD just a tad lower at 1.2538

Draghi - Best I put on my serious face today

Draghi Best I put on my serious face today

15 hours ago | November 21st, 2014 08:24:46 GMT

SNB’s Zurbruegg says CHF cap is still absolutely key part of monetary policy


  • CHF cap will be kept as long as monetary policy requires it
  • Swiss franc still highly valued
  • risk of negative inflation rates has risen
  • Yes vote in gold referendum would impede SNB’s ability to act

Comments from SNB board member Zurbruegg in Rueschlikon speech echoing what he said yesterday

EURCHF steady around 1.2021


15 hours ago | November 21st, 2014 07:59:21 GMT

Japan’s Hamada says Abenomics working but sales tax negative impact stronger than expected


  • USDJPY at 120.00 is positive for overall Japanese economy but steps needed to ease impact on consumers

PM Abe’s adviser out with some spin

  • consumer inflation around 1.5% is acceptable under current jobs market situation and oil price
  • corp tax rate should be cut to closer to 20%

USDJPY lower again at 117.55 ignoring the “USDJPY 120 is ok” line

 Hamada- USDJPY @ 120 is ok for Japan overall

Hamada- USDJPY @ 120 is ok for Japan overall

16 hours ago | November 21st, 2014 07:50:10 GMT

Coming by at the top of the hour – ECB’s Draghi up to the rostrum


Let’s hope it injects a bit of life into what has been a rather lacklustre start to the session, albeit one noticeable so far by the USDJPY retreat from 118.00, but as I said before it’s all relative

President of the European Central Bank, Mario Draghi, is due to give the keynote speech at the European Banking Congress in Frankfurt at 08.00GMT.

Here’s the link but not sure if it’s carrying a webcam

Later, at the same event, we get:

  • 10.15GMT Jens Weidmann, President of the Bundesbank, and also comments from German Minister of Finance Schäuble

EURUSD currently going nowhere fast at  1.2544, EURGBP 0.7995 and EURJPY just off session lows at 147.59

Draghi - Trust me, I'm a central banker

Draghi – Trust me, I’m a central banker

17 hours ago | November 21st, 2014 06:44:13 GMT

Data coming up in this session 21 Nov


Good day one and all


Another lively week draws to a close but still asking more questions than it’s answered

Data wise today it’s light on real impact-making releases but we have UK public finances and Canadian CPI with a speech by ECB pres Draghi kicking off the session at 08.00 GMT

As always I wish you good trading

Times GMT

Economic Data  (1) 21 Nov jpg

Economic Data  (2) 21 Nov jpg

Economic Data (2) 21 Nov jpg

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