Sentiment/ trade plan 16 Dec

By | December 17, 2016

EUR – EU’s tusk agreed to allow EU parliament to take part in prepatory brexit talks. EU leaders come to agreement on how to move forward on brexit discussions. This is bullish for the euro, higher chances of better negotiation outcome for eurozone.

Final CPI expected same

Draghi has concerns over availability of collateral have risen, This is also bullish for euro, meaning they will have to taper at some point

GBP – european commission chief brexit negotiator is said to be working on the basis that UK will have to pay 50bln in settlement fees, outstanding liabilities. Japanese firms nomura, daiwa said they needed clarification on UK’s relationship with EU otherwise they will start shifting some operations away. Sell rallies

AUD could get a downgrade on Monday, sell rallies, copper poorer

CAD – Buy dips. Poloz is pretty upbeat about canadian economy, supply issues might screw OPEC up, but until that happens we should buy CAD dips. (except for home price risks). US economy is also helping, based on yesterday’s FOMC projections

USD buy dips, remain supported

JPY, buy dips, risk on remain supported


EUR buy

GBP sell

AUD sell

CAD buy

USD buy

JPY sell

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