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  • Squawk / Yesterday at 20:45 GMT
    Managing Director / Technical Research Limited
    New Zealand
    “We’re going to be living with Obamacare for the foreseeable future” said Speaker Paul Ryan after President Trump’s repeal & replace bill failed to get the 216 votes needed. Markets were unperturbed, with only minor losses in stocks. Bonds and USD were steady.

    Trump will now turn his attention to other parts of his agenda such as calling out “Currency manipulators”.

    Last year the Swiss National Bank sold CHF67 billion for EUR, USD, JPY, GBP to hold down the franc. It’s been doing this for years and has to invest those FX reserves somewhere. It now owns $US100 billion in equities, the rest mainly in EUR and US bonds.

    The other main suspect is the Bank of Japan.

    Both central banks now have balance sheets equal to the size of their economies, far outpacing the ECB and Federal Reserve (see chart below)

    See: https://www.tradingfloor.com/posts/bank-of-japan-swiss-national-bank-becoming-huge-hedge-funds-8543239
    Read the Squawk
    15h
    Patto Patto
    10-15 votes short of 216 needed.......Major set back for Trump and his Republican party. There will be a "circular firing squad" among the leadership. But surprising how...
  • 21h
    matsuri matsuri
    trade completely against the common view that at the end of this year WTI will be closer to $60 per barrel. however OPEC will have to fight...
    21h
    AIRLINE AIRLINE
    Hi Stephen,

    A good article/research!

    If you add these facts as well to your research:

    - Hedge funds still have close to record long positions and if they start...
    19h
    Stephen Pope Stephen Pope
    Dear Matsuri and Airline,

    I am aware that the headlines of late February suggested that:
    "...hedge funds boosted their net long position in WTI last week to a new...
  • Article / Yesterday at 8:00 GMT

    Morning Markets: Dollar perks up as Trump gambles

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    Morning Markets: Dollar perks up as Trump gambles
    The dollar is showing signs of life once again as the markets interpret a delay in the vote on Donald Trump's healthcare bill as a signal he may get his way after all. It's hardly a ringing endorsement, however, and an underlying nervousness still pervades markets.
    Read the article
  • Squawk / Wednesday at 13:58 GMT
    Technical Analyst / FuturesTechs
    United Kingdom
    Well this could be interesting... On the "June only" chart for the Dow Futures, with the overnight trade "stripped out", yesterday's low was 20603. Back on February 21st we were on the way up and we gapped higher. This left a gap between 20533 and 20597.

    This all suggests that 20597-603 is an important level to watch today, especially in the first few hours of trade when this could well be "decided". Because we have opened BELOW here, and if we stay below here we'll have an "Island Reversal" topping formation on this chart.. This is a BIG reveral pattern...
    Read the Squawk
    2d
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    No Island... We've filled the gap; the first sign that dip buyers are still out there!
  • 2d
    Market Predator Market Predator
    Very nice!
    2d
    Erik Doom Erik Doom
    Hi Peter, do you see a time horizon to reach 2300 , 2250?
    2d
    Georgio Stoev Georgio Stoev
    Better buy that insurance, beforehand. SPX/ES options