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Showing posts from April, 2019

Asia Markets

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Stocks in Asia traded mixed Friday after modest gains in their U.S. counterparts Shares closed higher in Japan and Korea and fluctuated in China, with trading volumes lower than usual. The yen steadied and Japanese 10-year bond yields rose after the Bank of Japan cut purchases of some longer-dated bonds in a regular operation. Earlier, the S&P 500 Index closed up after data showed retail sales jumped by the most since September 2017 and unemployment claims fell. The euro pared losses following disappointing German and euro-area factory numbers. So far this week, economic data out of China optimistic signals from the trade talks had not been enough to increase much risk appetite amid a mixed start to the earnings season.

Goldman and Citigroup results

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The first report went to Goldman Sachs, whose earnings per share (5.71 USD) turned out to be much higher than expected by the market of 4.89 USD. Monday's session ended with Citigroup securities, which also praised the results for the first quarter. And in this case, the story was similar to that of Goldman. Citigroup broke the market consensus at the level of earnings per share (EPS equaled 1.87 USD vs. expected 1.80 USD), but slightly disappointed with revenues (18.58 billion USD vs. 18.63 billion USD). Today`s Announcements: - J&J (JNJ) - Bank of America (BAC) - UnitedHealth (UNH) - Netflix (NFLX) - L’Oreal ADR (LRLCY) - L'Oreal (0NZM) - IBM (IBM)

The Week Ahead

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Week Ahead, 14/04/2019 Monday 1.30pm – US Empire state mfg index (April): expected to rise to 6 from 3.7. Markets to watch: US indices, USD crosses Tuesday 2.30am – RBA meeting minutes: these will provide further light on the RBA’s dovish tone. Markets to watch: AUD crosses 9.30am – UK employment data: unemployment rate to rise to 4% from 3.9% for February, while the March claimant count rises by 5K from 27K in February. Average hourly earnings including bonus to rise 3.2%. Markets to watch: GBP crosses 10am – German ZEW index (April): economic sentiment index to fall to -11 from -3.6. Markets to watch: EUR crosses Wednesday 3am – China GDP(Q1): YoY growth to be 6.3% from 6.4%, and 4.7% from 4.1% QoQ. Markets to watch: China indices, CNH crosses 9.30am – UK CPI (March): prices to rise 1.8% YoY and 0.2% MoM, from 1.9% and 0.5% respectively. Core CPI to rise 1.9% YoY from 1.8%. Markets to watch: GBP crosses 10am – eurozone inflation (

Draghi Concern Over Fed’s

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Concern Over Fed’s Independence How free central banks are from political meddling has been a key theme on the sidelines of the IMF talks, which took place as Trump looks to nominate two political loyalists to the Fed’s Board of governors. Draghi said on Saturday he was “certainly worried about central bank independence . If the central bank is not independent then people may well think that monetary policy decisions follow political advice rather than objective assessment of the economic.

UK begins issuing non-EU passports

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Change took into account the first deadline of Brexit, March 29 Despite the impasse in approving the Brexit agreement, the UK government started this week to issue passports without the name of the European Union on the cover. The new documents had been prepared on the basis of the first deadline set for the country's departure from the bloc, March 29, which was changed to April 12 and now, at the request of Prime Minister Theresa May, it can be extended to 30 June. The Interior Ministry, however, has explained that it will continue issuing the old passports until the end of the inventory. The document is to undergo a further change in late 2019, with the gradual return of the blue color used in the UK to 1988, rather than the red that characterizes EU passports. May is attempting a further postponement of Brexit due to the lack of approval of the "divorce" agreement by the British Parliament, which has already rejected the text on three occasions and also re

The Week Ahead

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US earnings season is right on the conner, with the banks will start off the reporting season. In economic data, the ECB meets to decide policy. we also get Fed minutes and UK GDP. EU leaders also meet to discuss a possible extension to the Article 50 process for the UK. Week Reports Monday; 7am – German trade balance (February): surplus expected to widen to €16.5 billion. Markets to watch: EUR crosses 3pm – US factory orders (February): orders forecast to fall 0.6% MoM. Markets to watch: USD crosses Wednesday; Brexit summit in Brussels: the UK may be granted an extension to the Article 50 process. 9.30am – UK trade balance, GDP (February): trade deficit to narrow to £1.2 billion, while GDP falls 0.3% MoM from 0.5% growth, and the YoY figure drops to 1.2% from 1.4%. The rolling three-month figure is expected to fall to 0.1% from 0.2%. Markets to watch: GBP crosses 12.45pm – ECB rate decisi

GBPUSD Trade Idea

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Holding above the MA200 and keeping the up trend, going long here as long the momentum is kept. https://www.tradingview.com/chart/GBPUSD/PgJSeYRZ-GBPUSD-Trade-Idea/ RRR : 2.35

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