The Traderszone Network

In the aftermath of Friday’s market “reassessment” and subsequent surge, when the ECB’s “bazooka” was found quite stimulative for risk assets after all (as opposed to the Thursday post-kneejerk reaction) one would think that Goldman which still has a 2,100 year end target on the S&P500, would be delighted.

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Performance of Services Index for New Zealand, February.
– 56.9, up 1.5 points from January’s 55.4

Not an immediate FX market mover

Here are the weekend headlines, all in one place

I’ve highlighted the bigger stories – Merkel losing support in German elections, weaker than expected Chinese data published on Saturday, and Finland losing its AAA rating from Fitch (S&P downgraded the country back in 2014).

Its just after 6am Tokyo, so still a while to go until we get any decent FX liquidity into the market.
An update on prices:

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One of Wall Street’s most outspoken money managers is getting defensive. Here’s why.

Some Venezuelans aren’t happy with Nicolas Maduro, and it’s easy to see why.

Inflation in the socialist paradise is projected to run at a mind boggling 720% this year after topping 200% in 2015. Long queues are common at grocery stores, where the country’s beleaguered citizens wait in hopes of grabbing the last of increasingly scarce basic staples like rice and, famously, toilet paper. According to a trade group of drug stores, 90% of medicines are now scarce.

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Welcome again to the new FX week as Aisa begins, very slowly, to wind up for the day.
Here’s the data that markets will be ignoring today 😀
2130GMT – New Zealand – Srevices PMI for fber, prior was 55.4