The Traderszone Network

Your daily thread to exchange trading ideas and discussion 23 Aug 2016
The greenback has been quick to give back its recent gains so where from here? Still ranging?

Positive tones to equities as we wait on official openings 23 Aug 2016
– DAX futures +0.4%
– CAC40 +0.3%
– FTSE +0.4%
Bund futures open unchanged at 167.5

Swiss July trade balance report 23 Aug 2016
– prev from +CHF 3.55bln
– exports real mm +5.5% vs -4.0% prev revised down from -3.3%
– imports real mm +9.2% vs -4.0% prev
Watch exports continue to decline and imports being sucked in.

Softer tones for equities as USDJPY retreats 23 Aug 2016
– -100.83
– open 16549.82
– high 16663.64
– low16452.01
– USDJPY 100.12 just off session lows. Bids at 100.00 noted.

Submitted by Alexander Grover in Oslo, Norway

Recently, Dagens Næringsliv published an article where an economist from DnB (Norway’s largest bank) stated that Norway is not in a housing bubble although conditions resemble one and prices can still fall.  The article bases the current prices on the following assumptions:

read more

All work and no play makes Jack a dull boy goes a well-known saying 23 Aug
So while I make another cup of tea and wait for the sun to come up over Paterson Towers here’s a bit of light relief from the Edinburgh Fringe Festival.