Archives of “December 2019” month

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European stocks set for a softer final day of the year

  
Analysis, Global Indices

But it has been a standout year in terms of overall performance

  • Eurostoxx futures -1.2%
  • French CAC 40 futures flat
  • UK FTSE futures -0.3%
Some hints of profit-taking perhaps amid thin liquidity conditions but there isn’t anything too major when you weigh it against the trading performance over the course of the year.
Despite the economic slowdown this year and some hiccups on trade and politics, European equities have largely weathered the storm to post one of the better years with the help of the ECB adding stimulus. Here’s the year-to-date performance:
  • Eurostoxx +24.9%
  • Germany DAX +25.5%
  • France CAC 40 +26.5%
  • UK FTSE +12.8%
  • Spain IBEX +12.6%
  • Italy MIB +28.3%

Reports that Carlos Ghosn (ex Nissan boss) has violated bail, skipped the country

  
  Analysis
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Carlos Ghosn is said to have flown out of Japan and into Lebanon

Reports in the French press (Les Echo, not a coffee maker)
  • cited an unnamed source
  • also reported in Lebanese newspaper L’Orient-Le Jour
Ghosn holds both French and Lebanese citizenship
Had me at Nissan …
Carlos Ghosn is said to have flown out of Japan and into Lebanon

Whether it’s early in 2020 or later, USD/JPY is setting up for a big move

  
Analysis, Forex

USD/JPY technical analysis

It’s the best time of year to zoom out and look at the long-term charts. USD/JPY is indicative of the broader trend of falling volatility and tighter ranges.
When this breaks, it’s not going to be 200-300 pips, it will be much more.
USD/JPY technical analysis
The dollar bears are coming out of hibernation at the moment and you can see the argument for why a break lower would be coming. At some point there is going to be a bear market in equities and money will fly to the yen.
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