Archives of “September 2020” month

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Taiwan’s Defence Ministry on Chinese jet incident

  
  Analysis

Tensions over Taiwan

Tensions over Taiwan 
  • Taiwan’s Defence Ministry report that multiple Chinese Jets crossed the mid-line of the Taiwan Strait on Friday
  • Taiwan scrambled fighters and deployed air defence missiles to monitor the Chinese aircraft
US Gov’t reported to be selling $7 bin of arms to Taiwan including cruise missiles and drones
Chinese PLA aircraft were warned off the prior day after entering Taiwan’s air defence identification zone
Global time reported overnight that China’e Eastern Theater Command is conducting live-fire exercise near Taiwan Straits. This was reported to be legitimate and necessary to protect the mainland and protect its sovereignty and integrity
Tensions between Taiwan, China and the US have potential to spill over. This incident won’t cause much alarm, but just be aware of it. Taiwan and China issue is a long standing tension. Wound being picked with these kinds of moves…

UK’s Health Secretary – Virus accelerating across the country

  
  Analysis

COVID-19 in focus for the UK

COVID-19 in focus for the UK
  • More measure brought in across North East of England
  • Virus accelerating across the country
  • Number of people in hospital doubling every 8 days
  • National Lockdown never off the table, but it is the last line of defence
  • Belgium took action, but they took action and it came down
  • Testing labs are working flat out

Matt Hancock when asked ‘how close to a second UK lockdown?’ replies, ‘ I cannot give you answer yet’.

Ok, things are accelerating in terms of cases in the UK. This adds to the German high case levels earlier and plays into the rising cases across Europe narrative.
GBP down a few ticks, but no alarm in the price action yet. One to watch

Quadruple witching schedule for September 18

  
  Analysis

But it’s not Halloween?

What is it? Witching hour is the final hour of trading on the 3rd Friday of each month as options and futures on stocks and stock indexes expire.
Sometimes you can see heavy volumes as traders close out options and futures contracts before expiries. So, watch out.
Witching schedule:
  • FTSE100 Sep 20 Futures and Options Expiry: 10:15BST/05:15ET
  • Euro Stoxx Sep 20 Futures and Options Expiry:11:00BST/0600ET
  • DAX  Sep 20 Futures and Options Expiry: 12:00BST/0700ET
  • E-mini S&P  Sep 20 Futures and Options Expiry: 14:30BST/09:30ET
  • DJIA  Sep 20 Futures and Options Expiry: 14:30/09:30ET
First time to be aware of is 10:15 UK time (BST) on the FTSE 100 futures.
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