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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...
  • 16h
    Market Predator Market Predator
    Mr. Trump and healthcare in play!
    16h
    Georgio Stoev Georgio Stoev
    Deal or no deal, market's nervous....
    15h
    IL IL
    and a big dump to Trump....
  • 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...
  • Calendar event / Yesterday 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 / Yesterday 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 / Yesterday 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