The Traderszone Network

Data out a few moments ago
– 95.2 prev
Says the NFIB:
The overall Index dropped 1.3 points in January and now stands at 93.9, which is well below the 42-year average of 98. Last month the sharp increase of owners expecting theirreal sales to improve did not materialize and this month it dropped by 4 pointsto 3 %. 

Here is what Wall Street’s top analysts and traders believe about the near-term prospects for momentum stocks.

BOE’s Cunliffe up to the rostrum
GBP finding a bit of comfort on the news but all got to be kept in context.

Here’s what the DTCC have listed for today
– EURUSD: 1.1000 (EUR 625m) 1.1050 (706m) 1.1200
(347m)

–
USDJPY: 115.30 (204m) 115.50 (290m)
117.00-05 (702m) 117.40-50 (905m) 117.75(430m)

The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme forecasts and fall to as low as $10 per barrel, it was equally hard to see how they could rise significantly from current levels.

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Details of the December 2015 UK visible trade balance data report 9 February 2016
– Prior -10.64bn. Revised to -11.50
– Non-EU trade bal -2.36bn vs -2.50bn exp. Prior -2.45bn. Revised to -3.54bn
Better headline, worse revisions. A lot of the better headline number is being put down to the drop in oil prices but analysts are worried that the Q4 increase in the global trade balance is going to hamper the Q4 revisions

The energy watchdog says with no deal likely, OPEC production should stay high, while Iran’s increase in output post-sanctions will also help extend the glut.
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