Ádám Pap
@pap_adam
Prop trader (Eurex, CME)
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Not a perfect graphic but was trying to explain to the new traders this morning the chain of events happening right now...
Changes to the FOMC's Dot Plot: {DOTS<Go>}
Big 3 "tail risks" for Fund Managers: trade war (receding), #China slowdown (rising), Quantitative Tightening (rising). New Entry in Top5 European populism.
BofAML expects #ECB to drop its QE easing bias & possibly revise forecasts upwards, somewhat offset by dovish Q&A at Thur meeting. Sees no sustained Euro impact from ECB as it's all about USD in FX for now. Thinks ECB will wait until Jun or Jul before announcing end of QE in Dec.
US Current Account Balance (Q3) -$100.6 Bln versus -$116.8 Bln expected, previous -$123.1 Bln revised to -$124.4 Bln
ECB inflation forecasts: 2017: 1.5% vs 1.5% in Sept 2018: 1.4% vs 1.2% prev 2019: 1.5% vs 1.5% prev 2020: 1.7% (new)
EuroStoxx50 support zone between 3587 and 3581 if this zone break the market could rotate lower into the last week value area. #FESX #MarketProfile
Check out the Swiss central bank’s insane $90 billion investment portfolio qz.com/1140322 via @qz
I mean, big seller hit the market with size (2000 lot) before cash open.
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