Dentalfloss
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Carilion 75p..minor rez
poss supp comin in
poss supp comin in
Trading with point and figure
- Thread starter Dentalfloss
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Atilla
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Hmm watching it but don't feel good about it based on the uphill struggle ahead of them.
No leader, in debt with difficulties in current portfolios likely to complicate cash flow. I'm now thinking they may get worse. Setting 40-50p as new target.
I only want to get in at desperate basement price. Will watch for now. :whistling
Dentalfloss
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yu want it to test rez...then see the reaction
might not go lower
might not go lower
Dentalfloss
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in our 1.1450 rez...lets see what happens
eurusd
eurusd
Dentalfloss
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1.2810 got supported
whammo
whammo
Dentalfloss
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ftse
..7385 we marked some tim e ago
dump
excellent
..7385 we marked some tim e ago
dump
excellent
Dentalfloss
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gbpjpy bought
excllent
luvin it
excllent
luvin it
Dentalfloss
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eurgbp..dump
excellent
excellent
Dentalfloss
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yes sir
Dentalfloss
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dax...really messy..so far
Dentalfloss
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Focus on UK wages, Yellen testimony and expected BoC rate hike
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once again the day's schedule of data and events is hardly overwhelming, though there are a number of items which could jolt markets out of their summer slumber. Following on from BoE's Broadbent's interview indicating he is not in the immediate rate hike camp, today brings one of the two items which are likely to weigh heavily in the MPC's decision, namely Average Weekly Earnings. It also brings the much anticipated Yellen semi-annual testimony and Bank of Canada policy meeting, along with the Fed's Beige Book, a speech by arch Fed hawk Esther George, as well as Indian CPI and Industrial Production, and 10-yr bond auctions in Germany (new) and USA (re-opening).
* U.K. *
The May/June UK labour data are expected to show that Employment continues to expand at a healthy pace of 120K, and that the Unemployment Rate remains at a multi-decade low of 4.6%, with vacancies last 770K) still close to their all-time high. However all eyes will be on the Average Weekly Earnings, which are seen falling to 1.8% at the headline level, which would be the smallest increase since November 2014, and take real earnings down to -1.1% y/y; the ex-Bonus measure is expected to rebound modestly from a 28-month low of 1.7% to 1.9% y/y. Per se, if forecasts for the wages data prove to be correct, they would underline that there are no wage pressures despite what is ostensibly a tight labour market, and certainly argue against a rate hike in August, though obviously much will depend on next Tuesday's inflation data, and whether CPI holds below the upper end of the 1-3% target range, or whether Mr carney has to write a letter to the Chancellor.
* U.S.A. *
Following on from Brainard's speech on balance sheet reduction yesterday, and last week's publication of the "Monetary Policy Report – July 2017", which offered no surprises (https://www.federalreserve.gov/monetarypolicy/files/20170707_mprfullreport.pdf ), the focus for today will be on the Q&A that follows the prepared testimony. Markets will be particularly focussed on how much emphasis Yellen puts on the dip in inflation being transitory, and how this is in any case heavily offset by a tight labour market, even if this has yet to exercise any major upward pressure on wages. The key question perhaps is whether there are any more specific hints on when the Fed will initiate its already well documented and very gradual balance sheet reduction plan. There will also be a lot of interest in what is said about financial stability risks, given that while the report suggests that vulnerabilities are 'moderate' (see page 24 ff), the more detailed comments that follow are rather less sanguine.
* Canada *
Vying for attention at the same time as the Yellen testimony will be the Bank of Canada, who are expected to be the first G7 central bank to follow the Fed with a 25 bps hike to 0.75%, with both Poloz and deputy governor Wilkins laying the ground work for a move over recent weeks. The key question is what sort of trajectory for rates is seen in the accompanying Monetary Policy Report, with markets discounting a further 25 bps rate hike in December. Perhaps more importantly, the big question that Poloz and Wilkins need to answer is why there was the sudden shift from a marginal easing bias as recently as May, to the hawkish tone adopted in mid-June
from Marc Ostwald
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once again the day's schedule of data and events is hardly overwhelming, though there are a number of items which could jolt markets out of their summer slumber. Following on from BoE's Broadbent's interview indicating he is not in the immediate rate hike camp, today brings one of the two items which are likely to weigh heavily in the MPC's decision, namely Average Weekly Earnings. It also brings the much anticipated Yellen semi-annual testimony and Bank of Canada policy meeting, along with the Fed's Beige Book, a speech by arch Fed hawk Esther George, as well as Indian CPI and Industrial Production, and 10-yr bond auctions in Germany (new) and USA (re-opening).
* U.K. *
The May/June UK labour data are expected to show that Employment continues to expand at a healthy pace of 120K, and that the Unemployment Rate remains at a multi-decade low of 4.6%, with vacancies last 770K) still close to their all-time high. However all eyes will be on the Average Weekly Earnings, which are seen falling to 1.8% at the headline level, which would be the smallest increase since November 2014, and take real earnings down to -1.1% y/y; the ex-Bonus measure is expected to rebound modestly from a 28-month low of 1.7% to 1.9% y/y. Per se, if forecasts for the wages data prove to be correct, they would underline that there are no wage pressures despite what is ostensibly a tight labour market, and certainly argue against a rate hike in August, though obviously much will depend on next Tuesday's inflation data, and whether CPI holds below the upper end of the 1-3% target range, or whether Mr carney has to write a letter to the Chancellor.
* U.S.A. *
Following on from Brainard's speech on balance sheet reduction yesterday, and last week's publication of the "Monetary Policy Report – July 2017", which offered no surprises (https://www.federalreserve.gov/monetarypolicy/files/20170707_mprfullreport.pdf ), the focus for today will be on the Q&A that follows the prepared testimony. Markets will be particularly focussed on how much emphasis Yellen puts on the dip in inflation being transitory, and how this is in any case heavily offset by a tight labour market, even if this has yet to exercise any major upward pressure on wages. The key question perhaps is whether there are any more specific hints on when the Fed will initiate its already well documented and very gradual balance sheet reduction plan. There will also be a lot of interest in what is said about financial stability risks, given that while the report suggests that vulnerabilities are 'moderate' (see page 24 ff), the more detailed comments that follow are rather less sanguine.
* Canada *
Vying for attention at the same time as the Yellen testimony will be the Bank of Canada, who are expected to be the first G7 central bank to follow the Fed with a 25 bps hike to 0.75%, with both Poloz and deputy governor Wilkins laying the ground work for a move over recent weeks. The key question is what sort of trajectory for rates is seen in the accompanying Monetary Policy Report, with markets discounting a further 25 bps rate hike in December. Perhaps more importantly, the big question that Poloz and Wilkins need to answer is why there was the sudden shift from a marginal easing bias as recently as May, to the hawkish tone adopted in mid-June
from Marc Ostwald
Dentalfloss
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usd might bounce back against cad
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usdcad
daily data
daily data
Dentalfloss
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gbp comin off the boil
for a few
for a few
Dentalfloss
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1.2940 is a horizontal rez...should bounce off that
Dentalfloss
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took a few off our marked rez area
Dentalfloss
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gbpcad in rez
both are hot cookies today
both are hot cookies today
Dentalfloss
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spx in our 2430-2436 rez area
Dentalfloss
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gbpusd and gbpjpy stops very tight
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ditto eurgbp
