During the overlap with the London session we expect an important inflation

New York Session

During the overlap with the London session we expect an important inflation-related release from Germany and more PMI from the USA:

1. German CPI (MoM) (Dec) | Germany
2. Manufacturing PMI (Dec) | United States
3. ISM Manufacturing Employment (Dec) | United States
4. ISM Manufacturing PMI (Dec) | United States

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‪#‎Crude_Oil‬ Tuesday :The week’s first oil-related macroeconomic release is:

‪#‎API‬ Weekly ‪#‎Crude_Oil_Stock‬
The American Petroleum Institute (API) reports inventory levels of US crude oil, gasoline and distillates stocks on a weekly basis. The figure shows how much oil and product is available in storage.The API Weekly Crude Oil Stock indicator gives an overview of US petroleum demand. Higher stock implies weaker demand or oversupply and it is bearish for crude prices, while lower stock implies higher demand and it is bullish for oil prices. While it is nearly impossible to predict the actual reading of the release, the event can be used for the timing component of a trading strategy for the instrument.
For More Detail pm Me.

Five Points which can drive markets early this week

The market hasn't made any big moves so far but a few are beginning to brew

1. Yen strength
2. GBP strength
3. Oil weakness
4. Bonds bid
5. China worries, China stimulus

The market hasn't made any big moves so far but a few are beginning to brew:
1. Yen strength
This is all about negative sentiment in stocks. USD/JPY is down 27 pips. The Nikkei finished the morning session down 1.14%, Shanghai stocks are down 0.54% and S&P 500 futures are down 0.4%. Earlier I wrote about why stock markets could fall early this week.

2. GBP strength
The pound is keeping pace with the yen, up about 20 pips. But let's put that into perspective; since the high on September 18, cable has been in a 6 day, nearly 500 pips swoon. A 20 pip bounce doesn't even qualify as a dead cat bounce. I highlighted some levels earlier.

3. Oil weakness
All else being equal, sell oil. Crude is down about 1%. Rig count numbers on Friday were bullish but a small bounce was wiped out quickly. Earlier last week, inventory numbers were bullish but a bounce was wiped out within hours and oil finished way down. At some point this year, oil storage capacity will max out and it will be dumped onto the market at any price.

4. Bonds bid
Bonds are catching a small bid, pushing 10-year US yields down 2 bps in early trading. There was talk of a China bid but it's also part of the risk aversion theme.

5. China worries, China stimulus
Two stories out of China early this week. The first is a plunge in industrial profits (negative) but the second is about fresh stimulus (potentially very positive). The second story hasn't gotten much traction yet but I think it could.


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Global stocks mostly lower. Investors await Yellen's speech for fresh clues on the Fed’s plan to raise rates

Stocks pared morning losses, but still ended moderately lower ahead of Yellen's speech:

U.S. stocks dropped but pared their steepest intraday declines, as worries over slowing global growth lingered.

Dollardips before Yellenspeech-Thursday's markets news so far

Dow futures were briefly down more than 150 points, while S&P 500 and Nasdaq futures also traded lower.

Treasury yields held lower, with the 2-year yield at 0.68 percent and the 10-year yield at 2.10 percent.
The U.S. dollar traded lower against major world currencies, with the euro at $1.125 and the yen at 119.4 yen against the greenback.

Stocks remain stuck in low gear following a late-August selloff, and last week’s decision by the Federal Reserve to keep rates near zero affirmed investors’ fears that growth had hit a rough patch.

The S&P 500 lost 6.52, or 0.3%, to 1932.24, while the Nasdaq Composite shed 18.27, or 0.4%, to 4734.48.

Bond prices rose, sending the yield on the 10-year Treasury note falling to 2.125% from 2.144% Wednesday.

U.S. stocks have generated wide swings in recent sessions since a late-August slide sent major indexes into “correction” territory, which is marked by a decline of 10% or more from a recent peak.

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RIP Shaikh Rashid bin Mohammed bin Rashid Al Maktoum

Mourning declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum

Three days of mourning have been declared following the death of HH Sheikh Rashid bin Mohammed bin Rashid Al Maktoum.

Sheikh Rashid was the eldest son of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Al Dewan, Dubai Ruler’s Court, has declared three days mourning in Dubai, beginning today.

Shaikh Rashid was the eldest son of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Rashid was a keen horse lover and was the owner of Zabeel Stables.

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan mourned the death of Shaikh Rashid. Shaikh Khalifa expressed his heartfelt condolences and solace to Shaikh Mohammad.

Flags will fly half-mast at all government institutions in the emirate.

Sheikh Rashid was a well-known sports figure in the UAE. He participated in a number of International and local Endurance competitions winning a number of laurels for the country. His greatest achievement was winning 2 Gold medals in the 2006 Doha Asian Olympics 120 km Endurance individual mixed as well as 120 km Endurance Team Mixed events.

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