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Strategy & Overnight News

Headlines

  • Catalonia independence due today, Catalonia president Carles Puigdemont says “he is ready for independence”. Watch this space for the euro.
  • Strong earnings support stocks into record close, DOW holding above 23000.
  • China GDP slows slightly 3rd Quarter.
  • Treasury Yield Curve bear steepens, 10 year note price falls.
  • Slight miss on Japanese data however it has been a strong year for Japans export market.
  • Strong Aussie data with employment growth and a surprise fall in unemployment.
  • Trump doesn’t support health care reform bill in its current form.
  • North Korea statement informing of surprise attack in retaliation for US and South Korean naval drills.

Data and speakers

  • 09:30 BST UK retail sales September, prev 0.1%, forcast -0.1%
  • 13:30 BST US philli FED manufacturing, prev 23.8, forcast 22.0
  • 14:30 FOMC member George speaks (Hawk).

Ideas

GBP, AUD, YEN

Sterling – Short, miss on retail sales data coupled with brexit risks and wage growth stagnation.

6B - ShortIdea

AUD Long

6A - LongIdea.png

YEN Short

6J - ShortIdea.png


Disclaimer: There is substantial risk in trading. A loss incurred in connection with futures trading be significant. Target Alpha Trading makes no claims whatsoever regarding passed or future performance. Any Strategy is for educational purposes only.

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