My first comment is that is pretty annoying to have to deal with Greece volatility this Sunday when I would rather bask in the US Woman’s World Cup win!! #USAUSAUSA…truly dominant performance.
So much for US recession, NFP in the US was well beyond consensus and puts into play where people were positioned even on rates after yesterday’s opening hours of pain but easing back by the end of the day.
Today’s headlines on Greece are NOT in the market’s volatility range or where equities should feel comfortable at this level.
The euro is finding a toe hole on speculation that the new Greece government may soften its stance and work with international creditors.
The European Central Bank (ECB) exceeded expectations (so rare in life) with their monthly 60 billion euro asset purchasing until Sept 2016 and an open ended loaded bazooka in their pocket.
The ECB, Gold and U.S. dollar – This morning the European Central Bank (ECB) surprised global markets by slashing key interest rates to a new record low of 0.05% from 0.15%.
Since the Fed many non G3 currencies have made higher lows against the Dollar. We think some weaker U.S. data today on housing along with better external data for many of the FX crosses we are watching means this trend can continue.
While China (FXI, quote) continues to disappoint and send a message to the global economy, Europe continues to show resilience and makes one wonder whether a sustained recovery isn’t in fact in place.
Wow what a roller coaster ride the last few days! From last week Friday to close today, U.S. markets fell off rails nearly 2.7% in 3 days and over 3.5% from the February 25th all-time high.
- Ackermann names strong match-day 23 for Super Rugby showdown against the CheetahsSource: South Africa Times Live – newsPublished on 2017-02-23
- Your first trade for Thursday, February 23Source: Fast MoneyPublished on 2017-02-23
- Infectious diseases kill 18,000 Chinese in 2016Source: China.orgPublished on 2017-02-23
- China to step up property tax legislation: officialSource: China.orgPublished on 2017-02-23
- 41 stranded by snow in ChinaSource: China.orgPublished on 2017-02-23
- Beijing-Tianjin-Hebei region to draw ecological ‘red line’Source: China.orgPublished on 2017-02-23
- Survey portrays confidence and concerns of ChineseSource: China.orgPublished on 2017-02-23
- ID tags issued to troops in PLA unitsSource: China.orgPublished on 2017-02-23
- Square dancers in Beijing may face punishment for public disturbanceSource: China.orgPublished on 2017-02-23
- Deadly fire was ‘human error’Source: China.orgPublished on 2017-02-23
- China welcomes US-born panda homeSource: China.orgPublished on 2017-02-22
- Traders discuss how to trade Tesla’s stock after earningsSource: Fast MoneyPublished on 2017-02-22
- Final Trade: AMAT, LB & moreSource: Fast MoneyPublished on 2017-02-22
- Munster: Tesla will continue to move higherSource: Fast MoneyPublished on 2017-02-22
- Tesla CFO Jason Wheeler to depart firm in AprilSource: Fast MoneyPublished on 2017-02-22
- Ackermann names strong match-day 23 for Super Rugby showdown against the Cheetahs