Trading with point and figure

Yes sir

Screenshot_20190116-153636.jpg
 
Good Morning: The Long & the Short of it and The Bigger Picture - 17 January 2019 - ADM ISI


Inbox
x



profile_mask2.png

Ostwald, Marc
08:19 (21 minutes ago)

to Marc





- Politics ans Trade still in the driver's seat on modestly busier day
for data and events; digesting poor Singapore Exports & UK RICS survey;
awaiting US jobless Claims and Philly Fed, OPEC Oil Market Report,
central bank speakers, Indonesia & South Africa rate decisions;
financials and Netflix top US earnings run

..........................................................................

********************
** EVENTS PREVIEW **
********************

The post UK parliamentary votes rumble of drums on Brexit will continue to be a talking point, as will the US govt shutdown on what will be a busier day for events and earnings, rather than for major economic data. Statistically there are the unsurprisingly downbeat UK RICS House Price survey and Singapore Exports to digest, while ahead lie US weekly jobless Claims and Philly Fed Manufacturing survey (Housing Starts postponed due to shutdown). On the central bank front, the BoE Credit Conditions & Bank Liabilities surveys are accompanied by speeches from ECB's Lautenschlaeger and Fed's Quarles, while rates are expected to be left unchanged in both Indonesia and South Africa. The OPEC monthly Oil Market report follows from the EIA report earlier in the week, though it is unlikely to resolve the oil markets' ambivalence on whether it should be more concerned about demand, above all given the less optimistic view on global growth, or output and inventories. There are govt bond auctions in Spain (2 to 10 yr), UK (5 yr) and US (10 yr TIPS), while the run of US corporate earnings features Amex, Morgan Stanley and Netflix amongst others. As the comments above on the OPEC report imply, markets are struggling to come to terms wit ha less generous liquidity environment, which even at the height of the Q4 sell-off remained financially oppressed, with the array of political and economic uncertainties only exacerbating the underlying sense of unease.
 
Top