Erik Schafhauser Zürich Erik Schafhauser Zürich Erik Schafhauser Zürich

Morning Brew June 13 2023

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Summary:  Let`s get ready to rumble: Data and significant events loom ahead


 

Risk sentiment is strong into the key week of the month: Tesla rose 2.2% and has now climbed for 12 straight trading sessions, all three US Indexes and most indexes rose – the GER40 is nearing all-time highs again.

The USD Index in meandering 103.50 while US Yields are fairly calm the Italian ones dropped on news that Silvio Berlusconi deceased.

EURUSD is trading at 1.0784, GBPUSD 1.2530 and USDJPY 139.50. Gold and Silver are at 1959 and 24.12.

Key Headlines:

  • China's central bank lowered lending rates for the first time in 10 months
  • Donald Trump is facing criminal charges in Florida today
  • Credit Suisse stocks and CFD have been converted to UBS
  • Toyota will start selling new solid state batteries from 2026, sending the stock almost 5% higher
  • 50 cryptocurrencies worth over $100 billion in total are now viewed by the SEC to be securities. These can only be traded by brokers, and only on regulated exchanges
  • Saxo has emerged victorious at the prestigious e-FX Awards hosted by FX Markets. This year's triumph marks our fourth consecutive win being recognised with the highly coveted award ‘Best Retail FX Platform

 

Today we are expecting the UK Unemployment rate, the German HICP and ZEW and most importantly the US CPI ahead of the FOMC Rate decision and the ECB tomorrow and Thursday. If there are any surprises in the data or the rate decisions, I would expect a good deal of volatility. Consider options to hedge risk events as Vol seems chap.

Data, Earnings and Expiries:

Tuesday June 13
UK Unemployment rate
Germany HICP, ZEW
US CPI,
Earnings:
Ashtead Group

 

Wednesday June 14
UK GDP
US PPI Machine Manuf'ing

Rate decision

Earnings: Lennar

 

Thursday June 15
Japan Trade
China Retail Sales
ECB Refinancing Rate
US Retail Sales MM

Earnings: Adobe, Kroger, Jabil, Halma

Friday June 16

Italy CPI

Expiries

        Physically Settled Futures

ADM3 will expire 15 Jun 2023 at 15:00 GMT

BPM3 will expire 15 Jun 2023 at 15:00 GMT

DXM3 will expire 15 Jun 2023 at 09:00 GMT

E7M3 will expire 15 Jun 2023 at 15:00 GMT

ECM3 will expire 15 Jun 2023 at 15:00 GMT

JYM3 will expire 15 Jun 2023 at 15:00 GMT

M6EM3 will expire 15 Jun 2023 at 15:00 GMT

MPM3 will expire 15 Jun 2023 at 15:00 GMT

MSFM3 will expire 15 Jun 2023 at 15:00 GMT

NEM3 will expire 15 Jun 2023 at 15:00 GMT

NOM3 will expire 15 Jun 2023 at 15:00 GMT

PJYM3 will expire 15 Jun 2023 at 15:00 GMT

RFM3 will expire 15 Jun 2023 at 15:00 GMT

RPM3 will expire 15 Jun 2023 at 15:00 GMT

RYM3 will expire 15 Jun 2023 at 15:00 GMT

SFM3 will expire 15 Jun 2023 at 15:00 GMT

 

Expiring CFDs

AUDUSDADJUN23 will expire 13 Jun 2023 15:00 GMT

EURCHFRFJUN23 will expire 13 Jun 2023 15:00 GMT

EURGBPRPJUN23 will expire 13 Jun 2023 15:00 GMT

EURJPYRYJUN23 will expire 13 Jun 2023 15:00 GMT

EURUSDECJUN23 will expire 13 Jun 2023 15:00 GMT

GBPUSDBPJUN23 will expire 13 Jun 2023 15:00 GMT

DEN25JUN23 will expire 14 Jun 2023 14:55 GMT

USDINDEXJUN23 will expire 14 Jun 2023 15:00 GMT

AUS200JUN23 will expire 15 Jun 2023 12:00 GMT

ZA40JUN23 will expire 15 Jun 2023 08:00 GMT

 

Futures can be rolled online via the Futures Spread Trade Ticket. Any open positions will be closed after the mentioned times.

 

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