{EU} 9 days to run RXG4 – Fri next week expiry Upside broken call flies we recco’d cheapening up on the move lower, 136.5 strike still In the mix as a lower bound target rxg4 136.5/138/139 9 tix (broken 500 in your favour) 10 8.4%d but two lower strikes also look attractive 136/137/137.5 is 11 (50 in your favour on rally 9%d 136/137.5/138.5 is 13 150 on the mid strike and broken 50 in your […] Read More
The RBA should be cutting rates next week We really should get a rate cut next week based on the new inflation figures, which highlight the folly of the Melbourne Cup day hike. Terry McCrann January 31, 2024 – 3:16PM https://www.heraldsun.com.au/business/terry-mccrann/the-rba-should-be-cutting-rates-next-week/news-story/ceb6ae2de8019967cfba01c44d62973e Oh dear. The Reserve Bank hiked on Melbourne Cup Day in November thinking inflation for the December quarter was going to be 1.1 per cent. The ABS now tells us that It was barely […] Read More
Post PCE Equities in focus: While the street turns myopic focus to today’s Core PCE data – the most important inflation read since the last inflation reading – we look forward to tomorrow’s PMI data. Last month, the aggregate Global manufacturing PMI started to turn, having spent a year in a bottoming phase of contraction. – The JPM Global Manufacturing PMI hit 50-expansionary territory for the first time since the start of 3Q22. – The […] Read More
TY falling trend Channel {97} Read More
sells off the front end, but not a lot new in this? Ashley Joye (ARCHR LLP ) Subject: FW: WSJ – Nick Timiraos – Jerome Powell’s Inflation-Fighting Pledge Could Tee Up Another 0.75-Point Interest Rate Rise WSJ – Nick Timiraos WSJ – Jerome Powell’s Inflation-Fighting Pledge Could Tee Up Another 0.75-Point Interest Rate Rise Fed officials face questions over how high to lift rates by year’s end and how fast to get […] Read More
UK’S QUEEN ELIZABETH’S DOCTORS CONCERNED FOR HER HEALTH… Rumours starting on Twitter that “London Bridge has fallen” and there was an interuption in parliament where Zahawi had a long chat with the Speaker who then immediately started talking to his clerks. Sky reporting: Prime Minister Liz Truss said “the whole country will be deeply concerned by the news from Buckingham Palace this lunchtime” adding “my thoughts – and the thoughts of people across our United […] Read More
US stocks could slide a further 25% if the economy tips into recession, with risks to a sustained equity rally mounting, according to Deutsche Bank AG strategists. With company profits set to drop, stock valuations still high and recession risks looming, the fundamental picture for stocks is challenging, strategists led by Binky Chadha wrote in a note dated Sept. 7. Still, investor positioning in equities is low, they added. “The outlook looks relatively binary: in […] Read More
DOLLAR DIP – This is the second largest single-day move lower in the Bloomberg Dollar Index (BBDXY) in index points – & 3rd largest in % terms – since March 2020, only usurped by August 10th this year when the SPX was up over 2% and NDX up almost 3%. It’s almost like it’s a coordinated effort… see attached Read More
{EU} ECOSTREAM – Exclusive: ECB Insider: 50bp Rate Hike Likelier in October than Another 75bp Read More
From: Lorberg, Stuart <Stuart.Lorberg@cmegroup.com> Sent: 13 September 2022 08:59Subject: IMPORTANT NOTICE – SER-9056: Monday, September 19, 2022 – State Funeral of Her Majesty, Queen Elizabeth II – UK Bank Holiday Good morning, Apologies for the timing here – the notice that I am sure you will all welcome regards ED expiries. View in your browser To Members, Member Firms and Market Users From CME Group Research […] Read More
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