Archives of “April 2019” month

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Heads up: More market holidays still to come

  
  Analysis

apanese markets will be set for a brief hiatus from next week onwards

Japan holiday

Japan will be away for a 10-day break in total after the end of this week. Now, that’s what you call a long weekend. As such, be prepared for potential hedging flows throughout this week and a lack of liquidity during Asian to early European trading during the break period (remember the flash crash at the start of the year?).
As an aside, Australia and New Zealand will also be on break this Thursday in observance of Anzac Day so just be wary of lighter flows on that day during Asian trading this week.

Colombo Stock Exchange suspends trading after Sri Lanka attacks

  
  Analysis

The Colombo Stock Exchange will not open at its usual time on Monday following a series of bombings in Sri Lanka on Sunday that killed more than 200 people.

Sri Lanka was placed under a nationwide curfew on Sunday after bombs killed around 207 people at churches and hotels on Easter Sunday in the most lethal violence since the end of the country’s civil war in 2009. Ruwan Wijewardene, the defence minister, said 13 people had been detained in connection with the blasts.

The exchange said that following a consultation with the Securities and Exchange Commission of Sri Lanka in the wake of the attacks and a curfew imposed on the country that the market would not open on Monday for the safety and security of market participants.

“The SEC in consultation with the CSE will perform an ongoing assessment of the conditions necessary for an orderly conduct of the market, and will issue further communications as appropriate,” the statement said.

US will announce complete cutoff to Iran oil exports on Monday – report

  
Analysis, Crude

Bullish news for oil as the US gets aggressive with Iran on oil

Bullish news for oil as the US gets aggressive with Iran on oil
The US will no longer waive Iran sanctions for certain importers, the Washington Post reports.
The news should be a large tailwind for crude prices this week as the US gets serious in efforts to limit Iran’s exports, and cut them to near zero. In September of 2018 the US was expected to be tough but ultimately granted broad waivers in a move that caused the Q4 plunge in crude prices.
This time this US isn’t backing down.

(more…)

An Update :Dollar Index ,Euro ,Yen ,INR ,AUD ,GBP ,WTI -BRENT Crude ,SPX500 ,Nasdaq Composite ,Shanghai Composite -Anirudh Sethi

  
Analysis, Crude, Forex, Global Indices, US Market
The US dollar rose against all the major currencies but the Japanese yen.  Its net loss against the yen, less than 0.1% was a fluke.  The dollar was confined to a 40 tick range against the yen for the entire week.  It appears to be the among the narrowest weekly ranges since at least 2000.  The dollar is at the upper end of its recent ranges against the euro, yen, sterling, and Canadian dollar.  The question for many participants is whether the dollar is on the verge of a breakout.  Our reading of the technical condition suggests that while the ranges may fray, they will likely hold.  
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