The Traderszone Network

Softer tone again
– FTSE -0.2%
– DAX -0.2%
– CAC40 -0.6%
– FTMIB -0.4%
– IBEX -0.5%
Expect euro to develop a bid if the weaker prices worsen
Shanghai Comp Index closes up +0.2%. CS1300 Index -0.1%

Nearly one year after the release of its white paper, bitcoin technology startup Blockstream has released its first commercial sidechains application.

Ok, folks while I put the order boards together it’s time for the communal sing-along
Got positions in the pound ahead of UK CPI data? How much has the ABInBev/SABMiller news affected your thinking?

As per my update to the previous post the GBP rally can be firmly attributed to the announcement from the brewing giants
This would be have been largely priced in but there’s been much uncertainty of late after SABMiller rejected earlier bids  and in thin early European markets it’s understandable that traders would look to run the pound higher

It’s been a good hour for the pound as traders position/exit ahead of the UK CPI data due at 08.30 GMT
In my earlier I suggested that a soft reading was priced in so it could be we are seeing some early position-squaring, or maybe there’s talk going round of a stronger number.

Softer European equities too at the moment
– DAX futures -0.3%
– CAC40 -0.3%
– FTSE – 0.1%
Bund futures unchanged at 156,42

Recent positive run comes to an end as yen strengthens
– -203.93
– open 18335.15
– high 18359.71
– low 18223.80
– USDJPY119.82 near session lows