Trading with point and figure

[Dentalfloss]

big momma is at 24342

trend rez

a bit out on that 24330 the high...we had 23342 marked....must improve

thinking a bounce tomorrow...lets see

 

[inzimam]

Morning all!

I took the long Dax from 12930

 

[Moneylender]

Morning all!

I took the long Dax from 12930

Morning young man.

I took it @ 12933, good luck.

Sent from my Moto G (4) using Tapatalk

 

[inzimam]

A tad early but hopefully it comes good

 

[Dentalfloss]

mornin folks

 

[Dentalfloss]

dax into the open
essentially rangebound

 

[Dentalfloss]

horizontal supp goes down to 12830 area on chart posted

 

[Dentalfloss]

dow should be in supp area

 

[Dentalfloss]

24100 supp
first rez at 24150

 

[Dentalfloss]

we had big momma @24342 marked yesterday
and a few supp areas underneath
supp never came in

good old "big momma"

 

[Dentalfloss]

we had big momma @24342 marked yesterday
and a few supp areas underneath
supp never came in

good old "big momma"

no signal to buy came in...even though we had decent supp...cannot rely on levels

a tad out on big momma
24330 the high

 

[Dentalfloss]

12850 dax
24100 dow
6230 area on nas 100
7270 on ftse


seems to be supp
wil they hold..??

 

[Dentalfloss]

- Digesting solid German orders, modest Oz Q3 GDP miss, awaiting US ADP
Employment, and rate decisions in India, Canada & Brazil, and EU reform
plans; German 10-yr auction

- US ADP Employment: 'back to service as usual', markets more focussed
on wages than jobs growth

- India rate decision: no change, but rebounding inflation and growth likely
to impart a hawkish tilt

- Bank of Canada: seen holding rates, market rate expectations very fluid,
and clearly hoping for rather more guidance than 'data dependent'

- Brazil rates: further 50 bps rate cut expected, focus on forward guidance
as weak inflation pick-up raises hope of further modest cut in early 2018

- Charts: BoC and RBI rate probabilities; Nikkei and China CSI 300; US 2/10 yr
and 5/30 yr spreads; Copper, Nickel, Aluminium; US Junk Bond ETF and OAS
spread; JPM EMBI yield spread

..........................................................................

********************
** EVENTS PREVIEW **
********************

The day's schedule of data and events should not prove too onerous for markets that show ever more signs of winding down for the holiday period, but continue to be buffeted into spasms of activity by the various political melodramas, which continue to pockmark this year. Statistically there are the German Orders (once again solid, as had been indicated by surveys & VDMA orders) and Australian Q3 GDP to digest ahead of the US ADP Private Employment estimate, which is accompanied by Q3 revised Non-farm Productivity. A busier central bank schedule has rate decisions in India, Canada and Brazil, with a sprinkling of Riksbank speakers. Germany also issues a pifflingly small EUR 2.0 Bln of 10-yr. But with a modestly sour tone emerging in some, but by far from all, asset classes, market participants may be rather more focussed on flows and market internals than news flow. EU and Eurozone reform suggestions will also be tabled by the European Commission and presidency, but with Brexit negotiations in the balance, these may well get rather less attention.

** U.S.A. - November ADP Employment **
- While the ADP Employment data has been rather less volatile than the Payrolls data, perhaps the salient point is that markets are primarily focussed on wages rather than Employment growth or the Unemployment Rate. Be that as it may, and as with Friday's official Payrolls (f'cast 195K), the ADP measure is expected to see a reversion to the trend levels seen ahead of the hurricanes disruption, with the consensus looking for solid 190K. As ever the breakdown of gains across large, medium and small enterprises may well be the most interesting aspect.

** India - RBI rate decision **
- The RBI is expected to keep rates on hold today, but will probably continue to impart a modestly hawkish bias to its outlook, with inflation picking up to 3.58% y/y in October, having troughed at just 1.46% in June, and seemingly headed above the RBI's 4.0% target. Last week's Q3 GDP and Manufacturing PMI also suggested that growth is recovering from the dual impact of demonetization and the introduction of the GST tax, though the slide in the Services PMI does give pause for thought, with many questioning just how much traction the Modi govt's fiscal stimulus programme will get, and whether GDP will recover into the mid 7.0% y/y area that many had been projecting for 2017, and still are for 2018.

** Canada - BoC rate decision **
- The Bank of Canada has been pushing back on market expectations of a third 25 bps rate hike (current 1.0%) in the near-term, sounding a cautious tone, in no small part predicated on continued below target inflation, as well as concerns over the outcome of NAFTA negotiations. The question then is how it balances an obvious slowdown in Q3 GDP (1.7% SAAR vs Q2 3.6%, mostly due to a hefty drag from net exports, and a slowing housing market), against continued strong gains in Employment, as evidenced by the drop in Friday's November Unemployment rate to a near 10-yr low of 5.9%, and nascent signs of some wage pressures, with Average Hourly Wages rising to 2.7% y/y. The latter prompted markets to raise the chances of a January rate hike to 61.5% by the close on Friday, but this has since dropped back to 42.6%, with March now accorded a 77.0% probability.

** Brazil - Selic rate decision **
- The key question for today's COPOM meeting is whether the BCB's monetary policy committee revises its prior guidance that the expected 50 bps cut to an all-time low of 7.0% would likely be the last in the current cycle. Inflation as measured by the IPCA IBGE has remained stubbornly low (last 2.70%), and is recovering only slowly, and will likely fall short of COPOM's target range of 4.5% plus/minus 1.5% for 2017 as a whole. Markets are thus starting to discount the possibility of an additional 25 bps rate cut in February 2018. However that remains a long way away in a country that continues to be shaken by one political scandal after another, and where implementation of the Temer govt's reform programme is, as a consequence, at best haphazard.

========================== ** THE DAY AHEAD ** ===========================

********************
** TODAY'S EVENTS **
********************

# HOLIDAYS: Finland - Independence Day

Japan 01:30 BoJ's Masai speaks to business leaders
China ----- Shale Gas Summit
----- International Petroleum Industry Annual Conference
----- Fortune Global Forum (ends 8 Dec)
Namibia ----- BON rate decision - prior 6.75%
Sweden 07:30 Riksbank's Ohlsson speaks on economy & current
monetary policy
11:00 Riksbank's Jansson speaks at "The ideological debate
on monetary policy - lessons from developments in
Sweden"
India 09:00 RBI rate decision - no change 6.00% Repo, 5.75%
Reverse Repo, or CRR 4.0%
U.K. 09:15 Brexit Secretary Davis testifies to Parliament's
Brexit Committee
14:00 Finance Minister Hammond testifies to Treasury
Committee
Germany 10:30 ECB's Mersch speaks in Frankfurt
Belgium 11:00 EU Commission's Juncker to present Euro area
and EU (post Brexit) reform ideas
Hungary 12:00 MNB publishes November meeting Minutes
Canada 15:00 BoC rate decision - no change 1.00%
Brazil 21:00 Selic rate decision - 50 bps cut to 7.0%


- Govt Bond Auctions / Buybacks
Australia 00:00 AUD 900 Mln 2.25% 2028 Govt
Sth Korea 01:30 KRW 2.6 Tln 2019 Govt
China 02:35 CNY 26.0 Bln 2027 Govt
Thailand 03:00 THB 12.0 Bln 2031 (#LB316A) Govt
Malaysia 04:00 MYR 2.0 Bln 2027 Govvt
Denmark 09:30 Size t.b.c. 0.25% 2020 & 0.25% 2027 Govts
Vietnam 09:30 VND 600 Bln total 2022 & 2027 VBSPs
Namibia 10:00 NAD 175 Mln total 8.25% 2020, 8.75% 2022, 8.5% 2025,
8% 2027, 8% 2030, 9% 2032, 9.5% 2035, 9.5% 2037, 9.8%
2040 & 9.85% 2045 Govts
Namibia 10:00 NAD 90.0 Mln total I/L 3.55% 2022, 3.8% 2025 & 4.5%
2029 I/L Govts
Norway 10:05 NOK 3.0 Bln 2% 2023 Govt
Germany 10:30 EUR 2.0 Bln 0.5% 2027 Bund
Czech Rep. 11:00 Size t.b.c. 0.45% 2023, 2.4% 2025 & 2% 2033 Govts

- Corporate Earnings:
Elior (Yr 17 1.06) /// American Eagle Outfitters (Q3 $0.37) * Broadcom (Q4 $4.51) * H&R Block (Q3)

..........................................................................

******************
** TODAY'S DATA **
****************** MEDIAN

Colombia 00:00 Nov CPI 0.12% (m) 4.06%
00:00 Nov Core CPI
Australia 00:30 Q3 GDP SA 0.7% (q) 3.0%
Malaysia 04:00 Oct Trade Balance MYR 10.4 Bln
04:00 Oct Exports 18.5%
04:00 Oct Imports 20.4%
Mauritius ----- Nov CPI
Germany 07:00 Oct Factory Orders WDA -0.2% (m) 7.0%
08:30 Nov Construction PMI
09:10 Nov Retail PMI
Norway 07:00 Q3 Current Account
Czech Rep. 08:00 Oct Retail Sales 7.4%
08:00 Oct Retail Sales ex Auto 7.7%
Hungary 08:00 Oct Industrial Production SA
08:00 Oct Industrial Production WDA 6.7%
Austria 08:00 Nov WPI
Switzerland 08:15 Nov CPI Flat (m) 0.8%
Iceland 09:00 Nov prov Trade Balance
Eurozone 09:10 Nov Retail PMI
France 09:10 Nov Retail PMI
Italy 09:10 Nov Retail PMI
Sth Africa 09:30 Nov SACCI Business Confidence
Malta 10:00 Q3 GDP
U.S.A. 12:00 MBA Mortgage Applications
13:15 Nov ADP Employment Change 190K
13:30 Q3 final Nonfarm Productivity 3.3%
13:30 Q3 final Unit Labor Costs 0.2%
Chile 12:00 Oct Wage (Nominal) 5.3%
Brazil 12:50 Nov Vehicle Sales / Production
Canada 13:30 Q3 Labor Productivity
Ecuador 14:00 Nov CPI
Mexico 14:00 Nov Consumer Confidence 87.9
----- Nov Vehicle Production AMIA
----- Nov Vehicle Exports AMIA
Nicaragua ----- Nov CPI
New Zealand 16:00 Nov QV House Prices
Australia 22:30 Nov AiG Construction PMI
Japan 23:50 Japan Buying Foreign Bonds
23:50 Foreign Buying Japan Stocks

********************* OVERNIGHT HEADLINES ********************

Germany - Oct Factory Orders 0.5% m/m 6.9% y/y vs. f'cast -0.2%/7.0%

Australia - Australian economy gets investment lift, but consumers squeezed
- Q3 real GDP +0.6 pct q/q vs 0.7 pct forecast
- Q3 real GDP +2.8 pct y/y vs 3.0 pct forecast
- Household consumption growth weakest since late 2012
- Aussie dollar falls a qtr of a U.S. cent on the data

Malaysia - October Export growth at 18.9 pct y/y, above f'cast 18.5%
- October Imports 20.9 pct y/y vs f'cast 20.4%
- October Trade Balance MYR 10.6 Bln vs forecast MYR 10.4 Bln
- October Exports to China 20.5% y/y, US 13.8%. Japan 20.4%

Japan - BOJ's Masai advocates sticking with "powerful easing", warns on
side-effects
- No change to need for powerful easing - Masai
- Adds BOJ must look at benefits, cost of easing
- BOJ's Masai sees downside risks to price outlook
- Uncertain how broadly firms will hike prices
- BOJ's easy policy not destabilising banking system

Japan/China: Japan to help finance China's Belt and Road projects - Nikkei

Energy - API: US crude oil stocks fall 5.5 mln bbls vs. expected -3.4 Mln
- Gasoline stocks soar 9.2 Mln bbls vs. expected +1.7 Mln
- Distillate stocks rise 4.3 Mln bbls vs. expected +967K

Colombia - November CPI 0.18% m/m 4.12% y/y vs. expected 0.12%./4.06%
- November core CPI 0.23% m/m 4.80% y/y (Oct 4.70%)

LatAm/EU - Mercosur sees more than 70 pct chance of EU trade deal - official


------------- TOP FIXED INCOME / FX / COMMODITY HEADLINES ----------------

** FOREX **

> Dollar inches lower as US tax bill, budget progress eyed
> Bitcoin surges above $12,000 to record high on relentless demand
> Australia dlr dented by GDP miss, NZ$ steadies
> China's yuan nudges higher against weaker dollar
> Maduro's cryptocurrency to fare no better than Venezuela itself -analysts
> MSCI to continue using onshore FX rates for Qatari riyal for now
> EM ASIA FX-S. Korean won, Philippine peso weaker; yuan unchanged
> C$ retreats from 6-week high ahead of BoC rate decision


** FIXED INCOME **

> JGBs steady, 30-year sale awaited
> China's fin min sells 10-yr bonds at 3.8396^ vs. f'cast 3.85%
> Thai 14-yr govt bond yields 2.8468% at auction
> Asia Credit: Risk assets vulnerable after nervous overnight session

> US short-term yields hit multi-year highs, yield curve flattens on Fed bets
> U.S. tax bill adds to debt need as interest costs weigh
> Canada GoC: Steady grind higher, O/P vs US, curve mostly flatter
> US IG Credit: Three issuers raise US$2.75bn in primary
> US HY Credit: Five issuers raise US$3.145bn in primary
> LatAm Credit: Three issuers raise US$2.25bn in primary
> ECB QE data offers further incentive to snap up euro zone bonds
> Regulatory angst curbs investor appetite for European banks
> Russian tycoons, fearing new sanctions, float new bond idea-sources
> Goldilocks markets show 2017 was no year to be a bear: McGeever
> Italy's bad loan scheme poised to deliver after long gestation
> China launches new government yield curve benchmark
> Overbond issuance platform hires Harrington for US expansion


** COMMODITIES & ENERGY **

> Oil dips on rising US fuel stocks, but OPEC's supply cuts offer support
> Gold little changed despite weaker dollar
> Shanghai steel retreats after recent rally, but sentiment still upbeat
> Shanghai copper prices fall sharply on China demand jitters
> Soybeans up for 4th session on Argentina dryness, wheat dips
> Global dairy prices edge higher at auction, bucking recent trend
> Cocoa sinks to multi-month lows on improved crop weather

> Electric charge: Glencore bets big on car battery metals
> Indonesia plan to buy Rio copper stake could be win-win
> Data workers prove a rare resource for Barrick, fellow miners
> U.S. slaps duties on Vietnamese steel originating from China
> Port Hedland China iron ore exports flat in Nov at 35.2 mln/T
> Thyssenkrupp chairman rejects investor call for breakup -Handelsblatt
> Tech sector demand for gold to grow for first year since 2010-WGC
> China's Mingtai shrugs off U.S. aluminium sheet probe
> Kobe Steel's Chofu aluminium plant loses JIS certification
> China coal cities secure $310 mln ADB loan to revitalise economies
> As Senate pushes Alaska wildlife refuge drilling, industry looks elsewhere
> Kinder Morgan Canada drops 4.3 pct after more potential delay
> Lacklustre drilling campaign cuts interest in Norwegian oil licensing round
> Venezuela's U.N. envoy says he was pushed out by Maduro
> Enbridge restarts Great Lakes pipeline after weather conditions improve
> Exxon takes climate-change probe fight to Massachusetts top court
> South Sudan owes Sudan $1.3 billion from 2012 oil deal - official
> U.S. confirms duties on Argentine, Indonesian biofuel
> Thailand's Gulf Energy marks market debut with 27.8 pct jump
> Cheniere boosts LNG tanker fleet amid Asian demand boom
> Andeavor undeterred by Washington state panel's rail-terminal snub
> Law firm seeks criminal case against Shell and its CEO over Nigeria deal
> Natural gas in Petrobras pipelines up about 23 pct in 2017
> Indonesia to keep OPEC membership frozen - deputy energy minister
> Iraqi government approves more natural gas imports from Iran -statement
> U.S. soy exports falter in October while Brazil's shine
> Brazil soy farmers rely on barter for funding this season
> Dreyfus sugar unit sees smaller Brazil crop, higher ethanol demand
> Financing woes raise fears of Ivory Coast cocoa defaults
> Malaysia Nov palm oil stocks seen rising to near 2-year high
> Egypt wheat reserves at 3.4 mln tonnes, enough for 4-1/2 months - minister
> Brazil, U.S. identify molecule to help fight citrus greening disease
> France's Lactalis to pay $600 mln for Brazil's Itambé -source
> Agriculture adds jobs, helps lead Brazil economic recovery push -CNA


===================== ** CORPORATE / EQUITY HEADLINES ** =================

** TOP STORIES ** Asian Companies / Indices **
..........................................................................

> Asia stocks hit 2-mth low as risk sentiment sours broadly
> MSCI Asia-Pacific index hits 2-mth low, last down 1.5 pct
> Spreadbetters expect European shares to open lower
> Nikkei drops 2 pct, copper slide hits non-ferrous metal sector

> China's financial sector opening raises prospect of talent war
> Indonesia plan to buy Rio copper stake could be win-win
> As Cathay Pacific wields jobs axe, 'Swire prince' culture survives
> Alibaba must face renewed lawsuit over IPO -US appeals court
> Samsung Heavy shares down 27 pct on bleak forecast, rights offering plan
> A $50 bln Xiaomi comeback is hard to figure
> Thailand's Gulf Energy marks market debut with 27.8 pct jump
> Australian watchdog takes GlaxoSmithKline, Novartis units to court
> Wanda's asset shuffle buys brief Beijing reprieve
> Incitec Pivot says 2020, 2021 profits to be hurt by loss of BHP contract
> U.S. slaps duties on Vietnamese steel originating from China
> HNA's airlines miss lease payments -report
> More Chinese lenders plan to pursue RCom in insolvency court -sources

..........................................................................

** TOP STORIES ** Americas Companies / Indices **
..........................................................................

> Tech rally burns out, leaves Wall Street lower
> Main indexes move lower late in session
> Dow -0.45 pct, S&P -0.37 pct, Nasdaq -0.19 pct
> TSX ends lower as banks, mining stocks weigh
> Mexico index rises on bank deal; Brazil's Bovespa dips

> Disney's bid for Fox assets gains momentum -sources
> Dish co-founder Ergen steps down from CEO role to focus on wireless
> General Electric to cut 4,500 jobs in Europe - report
> Canada scraps plan to buy Boeing fighters amid trade dispute -sources
> Google pulls YouTube from Amazon devices, escalating spat
> Trump lawyer denies Deutsche Bank got subpoena on Trump accounts
> New York Stock Exchange owner ICE holds back on crypto-futures
> JPMorgan CFO sees fourth-quarter market revenue down 15 pct
> UK's Cineworld targets U.S. expansion with $3.6 bln deal to buy Regal
> Toll Brothers profit misses on lower-than-estimated home prices
> iPhone market share slips in October-quarter: research firm
> U.S. judge approves Toys 'R' Us bonus plan to spur holiday shopping
> Sprint expects pace of customer defections to slow in holiday quarter
> Exxon takes climate-change probe fight to Massachusetts top court
> Canada's Trudeau says will keep exploring trade deal with China
> Kinder Morgan Canada drops 4.3 pct after more potential delay
> Canada scraps plan to buy Boeing fighters amid trade dispute -sources
> Enbridge halts Great Lakes Line 5 pipeline due to bad weather
> Nestle to buy vitamin maker Atrium Innovations for $2.3 bln
> Canada export sector shows sign of life, trade deficit shrinks
> Laurentian Bank discloses 'misrepresentations' on some mortgages
> Condos a bright spot in recovering Toronto, Vancouver markets
> Scotiabank says BBVA accepts offer to buy stake in BBVA Chile
> BMO's quarterly adjusted profit tops on retail strength
> Big-money gamblers face new scrutiny at British Columbia casinos
> Mercosur sees more than 70 pct chance of EU trade deal -official
> Maduro's cryptocurrency to fare no better than Venezuela itself -analysts
> Honduras opposition proposes election recount or run-off
> Mexico presidency hopeful eyes tax cuts to counter Trump reform
> Brazil telecoms regulator rejects Oi shareholder petition
> Venezuela's U.N. envoy says he was pushed out by Maduro
> Brazil Nov services activity shrinks the most in nine months -PMI
> Petrobras inks $5 bln financing deal with China Development Bank
> Argentina seen sticking with submarine program despite disaster
> Banorte shareholders vote to create Mexico's No. 2 bank
> Mexico Senate to take up security law blasted by UN rights boss
> JPMorgan, Santander partner in asset management in Brazil
> Shoot-out between Colombia rebels kills 13, government says
> France's Lactalis to pay $600 mln for Brazil's Itambé -source

........................................................................

For further information, please call Marc Ostwald on +44 (20) 7716 8534
or E-MAIL: [email protected] www.admisi.com

..........................................................................


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[Moneylender]

Not much news out there then and they miss the big market mover today, Donald recognising Jerusalem as Israel capital will put the cat amongst the pigeons!

 

[inzimam]

Morning all!

I took the long Dax from 12930

Closed for break even!

Managed to get a few from a couple if long scalps.. Had me feeling a bit nervous watching it drop so far away from my entry

 

[Dentalfloss]

cable gettin back into our 1.3370 supp area

 

[Dentalfloss]

Closed for break even!

Managed to get a few from a couple if long scalps.. Had me feeling a bit nervous watching it drop so far away from my entry

12930 was a pump or dump area
yu have to be ready at both ends

 

[Moneylender]

Closed for break even!

Managed to get a few from a couple if long scalps.. Had me feeling a bit nervous watching it drop so far away from my entry

I slept through it, still holding but a small position, think I would have bought @ 12860 though if I was awake!

 

[Dentalfloss]

24100 area held
ditto 12850 area

 

[Moneylender]

Morning young man.

I took it @ 12933, good luck.

Sent from my Moto G (4) using Tapatalk

Closed @ 12955, not my best trade.

Note to self don't trade with a hangover and fall asleep with trade open!