The Traderszone Network

Equities delicately poised as we wait on official openings 9 Dec
– DAX futures flat
– CAC40 +0.2%
– FTSE +0.1%
Bund futures open 2 tics lower at 161.1

The Constitutional Court will decide whether to uphold the motion and remove Park from office or reject it and reinstate her.

Spotify has ended its bid to takeover SoundCloud as it was seen as impacting its upcoming IPO, TechCrunch reports.

Germany Oct trade balance 9 Dec
– EUR 24.2bln prev revised down from 24.4bln
– current account +18.4bln vs 22.0bln exp vs 24.4bln prev
– exports mm SA +0.5% vs +0.9% exp vs -1.2% prev from 1.0%
A mixed bag leaves EURUSD unfazed at 1.0615

Switzerland Nov unemployment rate 9 Dec
– 3.3% prev
– unadj 3.3% as exp vs 3.2% prev
Nothing to see here to disturb the thoughts of the SNB as they keep their eyes firmly on EURCHF.

Currently 0.7473 on the rise having found demand once again below 0.7450
Offers/res around 0.7500 still yet to be overcome
Offers 0.7485 0.7580
0.7500
Bids: 0.7420  0.7325-30 

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