A Trader's Take On US Futures

TL;DR

CPI numbers in London missed expectations, indicating potential dollar weakness and Brexit uncertainties. Key trading opportunities in Euro/Dollar and equities markets.

Transcript

hi guys dis gone 12:30 here in in London Tuesday 12 for Marks just in the aftermath the CPI numbers just gonna have a quick look over how things are trading how did they come in well they're cool number missed expectations just by 0.1 2.1 percent for the year and year and the straight inflation number coming in and misses well 1.5 percent from the ... Read More

Key Insights

• 🎟️ CPI numbers in London missed expectations, indicating potential weakness in the economy.
• 🙂 Euro/dollar trading pair experienced slight weakness, but overall picture remains unchanged.
• 🤩 Key trading opportunities in euro/dollar and equities markets.
• ❓ Brexit uncertainties continue to impact trading decisions.
• 🎚️ Pay attention to key levels in euro/dollar pair and potential support/resistance levels.
• 🍵 Importance of the 2800 handle and resistance in the equities market.
• 🙈 Dow Jones saw a recovery despite Boeing downgrades.
• 🥳 Main move of the day may be influenced by the Brexit vote at 7 p.m. UK time.

Questions & Answers

Q: What were the CPI numbers in London and how did they compare to expectations?

The CPI numbers in London came in at 2.1 percent for the year, missing expectations by 0.1 percent. This indicates a slight weakness in the economy.

Q: How did the euro/dollar trading pair react to the CPI numbers?

The euro/dollar pair experienced some slight weakness, but the overall trading picture remained largely unchanged. The dollar weakness may continue in the shorter term.

Q: What are some key levels to be aware of in the euro/dollar trading pair?

Traders should pay attention to the low on March 6th, the 113 handle, and the futures to identify potential entry points for long or short positions.

Q: How has Brexit impacted trading opportunities?

Brexit uncertainties have led to fluctuations in trading opportunities. Different comments and probabilities of extended Article 50 or a second referendum can influence market direction. Traders should wait to see the comments that come out before making any decisions.

Summary & Key Takeaways

• CPI numbers in London came in at 2.1 percent for the year, missing expectations by 0.1 percent.

• Inflation number came in at 1.5 percent, lower than the expected 1.6 percent.

• Euro/Dollar saw slight weakness, but overall trading picture remains relatively unchanged. Brexit uncertainties continue to affect trading opportunities.