Global macro overview for 14/02/2018

The markets are awaiting the publication of January CPI inflation data from the US. At the top of the list of investors’ worries is accelerating inflation, which will lead central banks to faster tighten monetary policy, thus cooling the recovery. At the beginning of February, the US labor market report (including higher wage growth) became […]

EURUSD pinned down as option expiry time looms large

Large option contract interest today rolling off at 15.00GMT 14 FebAs per my previous post/s just another heads-up reminder that we have a few contracts rolling off at the top of the hour.EURUSD understandably pinned down around 1.2325 after the post CPI data fall below 1.2280 as is EURGBP at 0.8905The shackles may be released […]

US December business inventories coming up next

More economic data to come The next round of economic data won’t get as much attention as the earlier numbers on CPI and retail sales but business inventories will be notable as one of the final key inputs for Q4 GDP. The consensus is for a +0.3% reading after a +0.4% rise in November. Long […]

US stocks are off and away and trading lower

Opening lower after mixed US dataThe US stocks are opening lower but not as bad as the implied declines shortly after the US data today.The implied Dow was down over -300 points at one point after the data, but is down only -73 points now.In the broader indices: The S&P is down -10.00 points or […]