JPM, Citigroup, PNC and Wells Fargo reports tomorrow The earnings season really gets going tomorrow (it seems like last month the earnings were last released doesn’t it) with a cluster of key bank earnings:
Friday the thirteenth, eh? That might quieten down FX markets here in Asia. LIKE WE NEED ANY HELP WITH ! THAT Charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
All this week its been a waiting game for Syria and possible missile strikes. Been like … Please forgive me, its Friday …
China trade balance data for March is due today at 0200 GMT (Friday 13 April 2018 For January and February pretty much every piece of economic data from China was followed by “but”, as in “but its been distorted by the Lunar New Year effect”.
US dollar marches to better levels The first signs of earnings have been solid with Blackrock reporting that profit climbed 27% in Q1. That could be a good sign for financials, which begin reporting tomorrow. The company said the beat on earnings was “driven in part by [a] lower tax rate.”
GBPUSD capped at 1.4219 and now 1.4189 12 April Well, did you? One last hurrah before I’m out the door at the top of the hour and fitting it should be a rally-sell at a targeted area to make a few pips . I hope some of you joined me.
Fink on libor The great libor mystery continues but whatever is causing rates to spike isn’t worrying Blackrock CEO Larry Fink. Here’s the libor-OIS spread.
Best wishes for what’s next After five great years, Mike is leaving ForexLive. Here was his first post: https://forexlive.com/news/!/greetings-one-and-all-20130213 He’s had more than 30,000 posts at ForexLive since, covering all the twists and turns in the market.
Canada March Teranet/National Bank house price index – Prior was +7.5% y/y – m/m change 0.0% vs -0.1% prior – Index at 218.96 vs 218.9 prior Both housing indicators released today have been weak.
Decisions to come on Syria At this point I don’t think anyone knows. I about the possibility that Trump was bluffing and now that seems like a possibility but who really knows.