BlackRock in an investment management firm based in the US. Something like $6.5 trillion in assets under management.

Via a piece from Elga Bartsch, Head of Economic and Markets Research for the BlackRock Investment Institute.

Their base case is for euro-zone growth to pick up H2 of 2019
  • But the risks around our favourable base case are considerable
  • mainly tied to potential political troubles.
Brexit gets an acknowledgement, of course, but on elections coming up also:
  • European Parliament elections in late May could result in a populist sweep of protest parties from both ends of the political spectrum. This would further erode the influence of pro-European centrist political forces.
  • Heightened concerns about Europe's future would likely lead to a renewed widening in peripheral euro-zone government bond spreads. 
  • And:
  • 2020 budget season may refocus attention on the conflict between the Italian government and the European Commission
  • There are also going to be leadership changes this year in many EU Institutions, including at the ECB

And …
  • European fragmentation … is the most prominent geopolitical concern for financial markets at the moment

ForexLive

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Sun 19 May 2019 23:08:23 GMT

Australian election analysts says Australian govmt to get a majority

Analyst for public broadcaster ABC projects the government will get a majority - i.e. will not have rely on minor parties in the lower house (upper house will be a different story) The majority will be cigarette paper thin but its better than nothing. 77 seats in total in what Green is projectiong for ScoMo. 76 is the magic number for a majority. 

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Australian election analysts says Australian govmt to get a majority


Eamonn Sheridan
Sun 19 May 2019 23:08:23 GMT
Category: News
0


Analyst for public broadcaster ABC projects the government will get a majority - i.e. will not have rely on minor parties in the lower house (upper house will be a different story) The majority will be cigarette paper thin but its better than nothing. 77 seats in total in what Green is projectiong for ScoMo. 76 is the magic number for a majority. 

Asset 24 View More
AUD traders - Australian election decided, incumbent government wins
Asset 41
Sun 19 May 2019 23:01:17 GMT

UK Rightmove house prices for May: +0.9% m/m (prior +1.1%)

And for the y/y +0.1%  (prior -0.1%) For London: - +1.2% m/m and -2.5% y/y ForexLive

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UK Rightmove house prices for May: +0.9% m/m (prior +1.1%)


Eamonn Sheridan
Sun 19 May 2019 23:01:17 GMT
Category: News
0
And for the y/y +0.1%  (prior -0.1%) For London: - +1.2% m/m and -2.5% y/y ForexLive

Asset 24 View More
Sun 19 May 2019 22:42:42 GMT

NZ Services PMI for April falls to 51.8 (prior 52.3)

New Zealand BusinessNZ Performance of Services Index - comes in at 51.8 in April, from 52.3 in March, revised lower from 52.9 - 3rd fall in a row - lowest since Sep. of 2012 BusinessNZ chief executive Kirk Hope

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NZ Services PMI for April falls to 51.8 (prior 52.3)


Eamonn Sheridan
Sun 19 May 2019 22:42:42 GMT
Category: News
0
New Zealand BusinessNZ Performance of Services Index - comes in at 51.8 in April, from 52.3 in March, revised lower from 52.9 - 3rd fall in a row - lowest since Sep. of 2012 BusinessNZ chief executive Kirk Hope

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Sun 19 May 2019 22:34:03 GMT

Deutsche Bank on the AUD - offers value against CAD and NZD

DB note on the Australian dollar, with no politics not election mention at all.  The note is from prior to the election.  In brief, DB note: On NZD:

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Deutsche Bank on the AUD - offers value against CAD and NZD


Eamonn Sheridan
Sun 19 May 2019 22:34:03 GMT
Category: News
0
DB note on the Australian dollar, with no politics not election mention at all.  The note is from prior to the election.  In brief, DB note: On NZD:

Asset 24 View More
Sun 19 May 2019 22:06:52 GMT

German fin min monthly report - says external risk for the economy remains high

The monthly report from the finance ministry in Germany - external risk for the economy remains high  - manufacturing output is likely to remain subdued

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German fin min monthly report - says external risk for the economy remains high


Eamonn Sheridan
Sun 19 May 2019 22:06:52 GMT
Category: News
0
The monthly report from the finance ministry in Germany - external risk for the economy remains high  - manufacturing output is likely to remain subdued

Asset 24 View More
Sun 19 May 2019 22:05:38 GMT

Weekend bitcoin update

On Friday, Asia time, the price of BTC was smashed lower: At the time I commented I had not seen any speicifc noews. Over the weekend the info came out () that it was the old reliable 'more sellers than buyers'. Specifically:

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Weekend bitcoin update


https://az705044.vo.msecnd.net/20190519/bitcoin-chart-20-may-2019.png Eamonn Sheridan
Sun 19 May 2019 22:05:38 GMT
Category: News
0
On Friday, Asia time, the price of BTC was smashed lower: At the time I commented I had not seen any speicifc noews. Over the weekend the info came out () that it was the old reliable 'more sellers than buyers'. Specifically:

Asset 24 View More
Sun 19 May 2019 21:44:49 GMT

12

Google suspends some business with Huawei after Trump blacklist

Alphabet (Google) is a US company. The US government has forbidden US companies from dealing with Huawei (that's the in a nutshell version). So, errrr …. yeah, hence Google pulls the pin. 

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Google suspends some business with Huawei after Trump blacklist


Eamonn Sheridan
Sun 19 May 2019 21:44:49 GMT
Category: News
12
Alphabet (Google) is a US company. The US government has forbidden US companies from dealing with Huawei (that's the in a nutshell version). So, errrr …. yeah, hence Google pulls the pin. 

Asset 24 View More
Sun 19 May 2019 21:14:32 GMT

4

Meanwhile, the Irish Deputy PM has been reminding Brexit land of reality

In the UK press (Independent) Ireland's deputy prime minister Simon Coveney - Reminds the punters that European Union will not renegotiate the Brexit withdrawal agreement, regardless of who succeeds Theresa May as prime minister

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Meanwhile, the Irish Deputy PM has been reminding Brexit land of reality


Eamonn Sheridan
Sun 19 May 2019 21:14:32 GMT
Category: News
4
In the UK press (Independent) Ireland's deputy prime minister Simon Coveney - Reminds the punters that European Union will not renegotiate the Brexit withdrawal agreement, regardless of who succeeds Theresa May as prime minister

Asset 24 View More
Sun 19 May 2019 21:12:03 GMT

UK press: Theresa May’s final Brexit deal - nothing more than a “retread” of old ideas

The UK Telegraph citing a leaked document, FWIW ….  Here is gated the link to the Tele article, ForexLive

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UK press: Theresa May’s final Brexit deal - nothing more than a “retread” of old ideas


Eamonn Sheridan
Sun 19 May 2019 21:12:03 GMT
Category: News
0
The UK Telegraph citing a leaked document, FWIW ….  Here is gated the link to the Tele article, ForexLive

Asset 24 View More
Sun 19 May 2019 20:50:13 GMT

28

Trade ideas thread - Monday 20 May 2019

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

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Trade ideas thread - Monday 20 May 2019


Eamonn Sheridan
Sun 19 May 2019 20:50:13 GMT
Category: News
28
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

Asset 24 View More
Sun 19 May 2019 20:34:55 GMT

34

Trump tweet: If Iran wants to fight, that will be the official end of Iran.

US President Trump tweet Trump has been trying to bring US service people home from many of the US' foreign wars. With the election coming up in 2020 though he might be tempted to enter another armed conflict for the votes. 

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Trump tweet: If Iran wants to fight, that will be the official end of Iran.


https://az705044.vo.msecnd.net/20190519/iran-trump.png Eamonn Sheridan
Sun 19 May 2019 20:34:55 GMT
Category: News
34
US President Trump tweet Trump has been trying to bring US service people home from many of the US' foreign wars. With the election coming up in 2020 though he might be tempted to enter another armed conflict for the votes. 

Asset 24 View More
Sun 19 May 2019 20:32:43 GMT

3

Weekend China press hints at currency intervention

The Global Times, admittedly a fairly strident sort of source …. But the concerns they express on the impact of a rapidly falling yuan are those we've been aware of and highlighting since the trade war took a turn for the worse in the recent week or so.

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Weekend China press hints at currency intervention


https://az705044.vo.msecnd.net/20190519/offshore-yuan-cnh-trade-war-china.png Eamonn Sheridan
Sun 19 May 2019 20:32:43 GMT
Category: Central Banks
3
The Global Times, admittedly a fairly strident sort of source …. But the concerns they express on the impact of a rapidly falling yuan are those we've been aware of and highlighting since the trade war took a turn for the worse in the recent week or so.

Asset 24 View More
Sun 19 May 2019 20:24:05 GMT

3

Weekend - ECB's Knot says euro zone inflation not where ECB wants it

with weekend comments from Dutch central bank governor Klaas Knot Reuters Speaking in a press interview   Inflation in the euro zone is not at the level the European Central Bank wants it to be

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Weekend - ECB's Knot says euro zone inflation not where ECB wants it


Eamonn Sheridan
Sun 19 May 2019 20:24:05 GMT
Category: Central Banks
3
with weekend comments from Dutch central bank governor Klaas Knot Reuters Speaking in a press interview   Inflation in the euro zone is not at the level the European Central Bank wants it to be

Asset 24 View More
Sun 19 May 2019 20:13:31 GMT

DJ on OPEC - closer to continuing existing production targets through end 2019

The Wall Street Journal with a wrap up of the weekend meeting of the Joint Ministerial Monitoring Committee (JMMC) - OPEC and allies moved closer to continuing existing production targets through the end of the year

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DJ on OPEC - closer to continuing existing production targets through end 2019


Eamonn Sheridan
Sun 19 May 2019 20:13:31 GMT
Category: News
0
The Wall Street Journal with a wrap up of the weekend meeting of the Joint Ministerial Monitoring Committee (JMMC) - OPEC and allies moved closer to continuing existing production targets through the end of the year

Asset 24 View More
Sun 19 May 2019 20:05:28 GMT

1

Saudi Energy Minister says there is consensus to drive down inventories

Saudi Energy Minister Khalid al-Falih speaking on Sunday at a news conference  - consensus among OPEC and allied oil producers to drive down crude inventories "gently"  ----

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Saudi Energy Minister says there is consensus to drive down inventories


Eamonn Sheridan
Sun 19 May 2019 20:05:28 GMT
Category: News
1
Saudi Energy Minister Khalid al-Falih speaking on Sunday at a news conference  - consensus among OPEC and allied oil producers to drive down crude inventories "gently"  ----

Asset 24 View More
Sun 19 May 2019 20:00:10 GMT

Oman's oil minister says its possible Iran may leave OPEC

And more from Oman's oil minister: - Oil cut extension with same quotas as June is likely - oil inventories globally are at levels suggestive of sufficient supply

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Oman's oil minister says its possible Iran may leave OPEC


Eamonn Sheridan
Sun 19 May 2019 20:00:10 GMT
Category: News
0
And more from Oman's oil minister: - Oil cut extension with same quotas as June is likely - oil inventories globally are at levels suggestive of sufficient supply

Asset 24 View More
Sun 19 May 2019 19:54:18 GMT

6

Monday 20 May 2019 early FX price guide, update on the AUD pop

Still very early in Asia with not many market participants active. Its going on to 8am in NZ so at least some kiwis are on deck! AUD/USD is circa 0.6920, its up after the . 

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Monday 20 May 2019 early FX price guide, update on the AUD pop


Eamonn Sheridan
Sun 19 May 2019 19:54:18 GMT
Category: News
6
Still very early in Asia with not many market participants active. Its going on to 8am in NZ so at least some kiwis are on deck! AUD/USD is circa 0.6920, its up after the . 

Asset 24 View More
Sun 19 May 2019 19:51:12 GMT

5

Riksbank dep gov says can meet inflation target also with a stronger SEK

The Riksbank is Sweden's central bank. Deputy Governor Skingsley speaking on Swedish national public television, SVT - can meet inflation target also with a stronger SEK ---

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Riksbank dep gov says can meet inflation target also with a stronger SEK


Eamonn Sheridan
Sun 19 May 2019 19:51:12 GMT
Category: Central Banks
5
The Riksbank is Sweden's central bank. Deputy Governor Skingsley speaking on Swedish national public television, SVT - can meet inflation target also with a stronger SEK ---

Asset 24 View More
Sun 19 May 2019 19:45:26 GMT

Here is what’s on the economic calendar in Asia today

2230 GMT New Zealand services PMI for April - prior 52.9 - BusinessNZ Performance of Services Index 2301 GMT UK Rightmove house Price prices for May - prior +1.1% m/m and -0.1% y/y 2350 GMT Japan GDP (economic growth) data for Q1 2019, this is the 'preliminary'. The January to March quarter saw Japanese exports suffer in the face of trade wars and an associated slowing around the globe.  

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Here is what’s on the economic calendar in Asia today


Eamonn Sheridan
Sun 19 May 2019 19:45:26 GMT
Category: News
0
2230 GMT New Zealand services PMI for April - prior 52.9 - BusinessNZ Performance of Services Index 2301 GMT UK Rightmove house Price prices for May - prior +1.1% m/m and -0.1% y/y 2350 GMT Japan GDP (economic growth) data for Q1 2019, this is the 'preliminary'. The January to March quarter saw Japanese exports suffer in the face of trade wars and an associated slowing around the globe.  

Asset 24 View More
Sun 19 May 2019 19:05:37 GMT

8

Good morning Monday 20 May 2019 ! Early FX price guide - AUD pop

Good morning, afternoon and evening - Welcome to the new forex week, some early indications: - EUR/USD 1.1158 - USD/JPY 110.10 - GBP/USD 1.2728 - USD/CHF 1.0116 Standard caveat on Monday morning markets applies ... market liquidity is very thin as we wait for more Asian centres to come on line ... prices are liable to swing around on not too much at all, so take care.

View More

Good morning Monday 20 May 2019 ! Early FX price guide - AUD pop


Eamonn Sheridan
Sun 19 May 2019 19:05:37 GMT
Category: News
8
Good morning, afternoon and evening - Welcome to the new forex week, some early indications: - EUR/USD 1.1158 - USD/JPY 110.10 - GBP/USD 1.2728 - USD/CHF 1.0116 Standard caveat on Monday morning markets applies ... market liquidity is very thin as we wait for more Asian centres to come on line ... prices are liable to swing around on not too much at all, so take care.

Asset 24 View More
Sat 18 May 2019 18:23:11 GMT

53

AUD traders - Australian election decided, incumbent government wins

The Australian election is decided, Scott Morrison's government has held on to power. There are still 8 seats too close to call but the current state of play with 76 seats required to form a majority are:

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AUD traders - Australian election decided, incumbent government wins


https://az705044.vo.msecnd.net/20150921/scott-morrison.png Eamonn Sheridan
Sat 18 May 2019 18:23:11 GMT
Category: News
53
The Australian election is decided, Scott Morrison's government has held on to power. There are still 8 seats too close to call but the current state of play with 76 seats required to form a majority are:

Asset 24 View More
Sat 18 May 2019 15:52:58 GMT

7

Bitcoin tumble yesterday (and rebound) gives buyers and sellers some cause for pause

Coinbase plunge takes price from $7800 to $6600 On Friday, a large 5000 BTC order on Bitstamp (about $39M at the time of the order when the price was trading around $7800), sent the price of bitcoin tumbling lower as the broker scrambled to fill the order. According to reports, the order was filled by Bitstamp at $6200 ($31M value at execution - that's some slippage folks).  That is a 20% fall. Ouch.

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Bitcoin tumble yesterday (and rebound) gives buyers and sellers some cause for pause


//az705044.vo.msecnd.net/20190518/2019-05-18_8-34-27.jpg Greg Michalowski
Sat 18 May 2019 15:52:58 GMT
Category: Cryptocurrency
7
Coinbase plunge takes price from $7800 to $6600 On Friday, a large 5000 BTC order on Bitstamp (about $39M at the time of the order when the price was trading around $7800), sent the price of bitcoin tumbling lower as the broker scrambled to fill the order. According to reports, the order was filled by Bitstamp at $6200 ($31M value at execution - that's some slippage folks).  That is a 20% fall. Ouch.

Asset 24 View More
Fri 17 May 2019 21:12:38 GMT

7

Forexlive Americas FX news wrap: U of Michigan consumer sentiment sends the USD higher

Forex news for NY trading on May 17, 2019. In other markets: - Spot gold $-9 or -0.70% at $1277.75. For the second day in a row, the USD rise, hurt investors in gold

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Forexlive Americas FX news wrap: U of Michigan consumer sentiment sends the USD higher


//az705044.vo.msecnd.net/20190517/2019-05-17_13-33-25.jpg Greg Michalowski
Fri 17 May 2019 21:12:38 GMT
Category: News
7
Forex news for NY trading on May 17, 2019. In other markets: - Spot gold $-9 or -0.70% at $1277.75. For the second day in a row, the USD rise, hurt investors in gold

Asset 24 View More
Fri 17 May 2019 20:01:57 GMT

5

US stocks end lower on China concerns

Late day sell off in the major indices The US stocks are ending lower on a late day China concern swoon.  The catalyst was a CNBC report that China/US trade deal was "in flux". That did not sit well with investors heading into the weekend. Selling took the indices closer to the session lows.

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US stocks end lower on China concerns


Greg Michalowski
Fri 17 May 2019 20:01:57 GMT
Category: Technical Analysis
5
Late day sell off in the major indices The US stocks are ending lower on a late day China concern swoon.  The catalyst was a CNBC report that China/US trade deal was "in flux". That did not sit well with investors heading into the weekend. Selling took the indices closer to the session lows.

Asset 24 View More

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