Latest data released by INSEE — 10 January 2018 Prior m/m +1.9%; revised to +1.7% Industrial production y/y +2.5% vs +2.6% expected Prior y/y +5.5% Manufacturing production m/m -1.0% vs -1.4% expected Prior m/m +2.7%; revised to +2.5% Manufacturing production y/y +3.0% vs +2.9% expected Prior y/y +6.9%; revised to +7.0% A mixed bag of […]
The pair hit a session low of 111.76 as it takes out support levels at 112.00Sellers remain firmly in control of the pair as we get the European trading session underway. The pair is now trading at 111.80, close to the lows, but what levels should we look for next?As bias remains to the downside […]
European equity futures mostly flat in early trading Germany’s DAX futures -0.2% UK’s FTSE futures open flat France’s CAC 40 futures open flat Spain’s IBEX futures open flat It’s a slow start in the futures market, as market participants are probably still deciding on the direction for the day. In Asia, there’s a bit of […]
US 10-year yields is up almost 2 bps to 2.57%Yesterday, the bond market took out the 2.50% for US 10-year yields in European trading and then later on in the US session it closed in on 2.55%.We’re about to head into European trading and it’s already touching 2.57% now. The breakout is surely under way […]
A 43% arbitrage trade in Bitcoin is not as easy as it looksBitcoin prices in South Korean exchanges trade at over 43% higher than those in the US. Simple thinking suggests buy Bitcoin in the US and then sell them in South Korea, no? If only it were that simple.The price gap which is also […]
The Japanese yen leads the way as the US dollar holds firmIn case you’ve forgotten what the start of European trading looked like yesterday, here’s a reminder snapshot for you. Looks familiar, doesn’t it?Anyway, trading remains very narrow on the day — so don’t be too surprised if things start to take a different direction. […]
Tokyo’s main stock index closes lower on the day
Chancellor Philip Hammond and UK Brexit secretary David Davis comments in a joint statement for a German newspaperReports say that they want close cooperation between the UK and EU regulators, as part of an expansive trade deal covering both goods and financial services.In a guest column for Germany’s Frankfurter Allgemeine Zeitung, they commented that both […]
The pair is following the technical playbook closely and there is a large option expiry that is sitting nearbyLooking at the hourly chart, there pair has formed a double-bottom in the last two trading days and that seems to be where buyers come into the picture — meanwhile the topside is limited and capped by […]
The JPY has gained 0.34% against the USD in today’s trading so far but there are some support levels to hold up the pairRight now, on the daily chart, the pair is threatening to break out of the wedge that I mentioned earlier in the week here.But sitting close by there’s support in terms of […]