Anyone scalping the FTSE Futures??

[SuddenDeath]

Investors chasing yield

Aussie and Kiwi dollar only majors left with a half decent yield.

bustech problem with aussie is that their economy seems to be rolling over, and their is likelihood of further rate cuts,

aus yield curve has a weird shape also

http://www.bloomberg.com/markets/rates-bonds/government-bonds/australia/

 

[hereward the wake]

"morning htw, morning all

what caused the US indices to rally at 2.30pm yesterday?"


Maybe.....

United Kingdom not on GMT in the summer
The United Kingdom is not on Greenwich Mean Time (GMT) when it observes daylight saving time in the summer months in the northern hemisphere. In fact, it observes British Summer Time (BST), which is one hour ahead of GMT, in this period

and from opening market wrap....

"13:30 GMT US Building Permits: exp 0.77M"

 

[SuddenDeath]

Investors chasing yield

Aussie and Kiwi dollar only majors left with a half decent yield.

bustech remember my tip to buy the 3yr aus govies, you would have done excellent.

 

[SuddenDeath]

housing was ok i think

but when Ben speaks and there are QE expectations all this takes back seat..

now today the attention will again hopefully turn to unemployment, Philly Fed and housing stats. Also UK retail sales.

so today, we have the bustech(9am hk close) the the barjon (10am reversals) then all quiet until 1.30 for us data

 

[SuddenDeath]

0930 UK retail sales

US unemployment at 1330

US housing & manufacturing at 1500

so lot of news and each of them will have market speculating on QE

so good is good and bad is even better

add to that earnings ...I think today is GOOG and then tomorrow Opex

professionals were expecting US earnings to be poor. think they have had a surprise.

 

[SuddenDeath]

ironically when you feel that or around that is the best time to short

agree 100%

 

[SuddenDeath]

Charleston Voice: The “Ultimate” Death Cross

 

[SuddenDeath]

Senate tells HSBC: Shape up or get out of the United States
Senate tells HSBC: Shape up or get out of the United States | Ian Fraser

 

[barjon]

mornin' sd - away again today, so have a good one

 

[SuddenDeath]

U.S. Retail Collapse Accelerates

U.S. Retail Collapse Accelerates by Jeff Nielson

 

[SuddenDeath]

mornin' sd - away again today, so have a good one

thanks Barjon , take care bye

 

[bustech]

it seems whenever this turns its going to be ugly

Looking at the last two years a lot of global markets hit there yearly lows in August and September.
And growth currencies in Septmber and October.
Maybe August will be the turning point.

 

[SuddenDeath]

Looking at the last two years a lot of global markets hit there yearly lows in August and September.
And growth currencies in Septmber and October.
Maybe August will be the turning point.

check those lows in US presidential election years

 

[SuddenDeath]

Two Borrowers, Same Amount

Let’s look at two hypothetical companies in the same industry, pencil manufacturing. Smithwick Pen sells a 20-year $10M bond at 8% interest. It uses the proceeds to buy pencil-manufacturing equipment. To fully amortize the $10M over 20 years, Smithwick must pay $83,644 per month.

The rate of interest now falls to half its previous rate. Barnaby Crayon sells a 20-year $10M bond at 4%. Barnaby buys the same equipment as Smithwick and becomes Smithwick’s competitor. Barnaby pays $60,598 per month to amortize the same $10M debt. Is it correct to say that both companies have identical balance sheets? Obviously Barnaby will have a better income statement. This is because it has a superior capital position, and this should be reflected on the balance sheets. It certainly is not because of its superior product, management, or marketing.

great article about how falling interest rates are a disaster for capital.

Falling Interest Rates Destroy Capital | The Daily Capitalist

 

[SuddenDeath]

ES may hit 1400 before it turns...

1362.9 was a big fib level for the 4month move. was tested before and now is gone.

 

[SuddenDeath]

ES may hit 1400 before it turns...

samirs do u see inverse head shoulders on sp500 on 4mth view closing prices.

 

[SuddenDeath]

sp inv h+s b/out

 

[SuddenDeath]

so how does 0900 look today?

hmm, hk hang seng was up strong i think not much action on ftse though

 

[bustech]

so how does 0900 look today?

Sorry bit late.
Hong Kong not in play today.
Hardly moved in the last 4 hours.
Comes into play when they come back from lunch.
And the market moves into close of 200 points or move.

 

[SuddenDeath]

I think FTSE more focussed on 930 retail sales data....last month 1.4% and expectation is .6%....
14 minutes to go...

uk retail sales with all the rain should be poor, but then u have the olympics, not sure of their effect on retail