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  • Squawk / Friday at 22:39 GMT
    -
    United Kingdom
    W13 #FX weekly technical sentiment:
    #AUDCHF ▲
    #CHFJPY ▼
    #EURAUD ▼
    #EURJPY ▼
    #GBPCAD ▲
    #GBPNZD ▲
    #NZDUSD ▼
    #USDCAD ▲
    #CADJPY ▼
    #NZDJPY ▼
    #AUDCAD ▲
    #AUDNZD ▲
    #GBPCHF ▲ (CONTRARIAN)
    #USDCHF ▲ (CONTRARIAN)
    #EURGBP ▼(CONTRARIAN)
    #EURUSD ▼(CONTRARIAN)
    #MOFuturesFX
    Read the Squawk
  • Squawk / Friday 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
    1d
    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...
    4h
    Jim Earls Jim Earls
    10-15 votes is not that much to overcome. Markets have more to worry about than healthcare. A Debt Care Bubble is the larger issue.
  • Squawk / Friday at 17:44 GMT
    CEO / TFx Group of Companies
    Pakistan
    EURNZD Daily Elliot Analysis shows bearish prognosis over next week
    Read the Squawk
  • 2d
    AndrejLences AndrejLences
    I love your analysis.
    2d
    AndrejLences AndrejLences
    Would be EUR/USD bearish next week ? What do you think ? Thank you.
    2d
    Michael O'Neill Michael O'Neill
    I think it's reasonable with a stop above 1.0820 or 1.0880
  • Article / Friday at 14:13 GMT

    WCU: Commodities lower as funds scale out — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities lower as funds scale out — #SaxoStrats
    The Bloomberg commodity index touched a four-month low this week as funds scale back bullish bets across sectors. Crude oil found support but a record number of long and short positions point towards continued volatility. Gold trading higher for a second week as the post-FOMC recovery continue
    Read the article
  • Calendar event / Friday at 12:30 GMT

    CA CPI

    forecast
    actual
    Med All Items CPI, M/M%
    +0.2%
    Med All Items CPI, Y/Y%
    +2.1%
    +2%
    Med CPI-Common, Y/Y%
    +1.3%
    Med CPI-Median, Y/Y%
    +1.9%
    Med CPI-Trim, Y/Y%
    +1.6%
  • Calendar event / Friday at 12:30 GMT

    US Advance Report on Durable Goods

    forecast
    actual
    High Durable Goods-SA, M/M%
    +1.5%
    +1.7%
    High Dur Goods, Ex-Defense, M/M%
    +2.1%
    High Dur Goods, Ex-Transport, M/M%
    +0.4%
    Med Orders: Cap Gds, Non-Def, Ex-Air, M/M%
    -0.1%
    Med Shipmnts: Cap Gds, Non-Def, Ex-Air, M/M%
    +1%
  • Calendar event / Friday at 9:00 GMT

    EU Eurozone Flash PMI

    forecast
    actual
    High PMI, Mfg
    55.2
    56.2
    Med PMI, Composite
    55.8
    56.7
    Med PMI, Services
    55.3
    56.5