Dentalfloss
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life is so much easier when you can define the trends
Trading with point and figure
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Dentalfloss
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levels and correlations only tell you a tiny bit of the story
C
cantagril
Morning all,
Still not up to much but continued with the EG / GBPCHF game yesterday. A few pips only.
GBPCHF still bullish on the 15m but in a significant area on the 60m so am ready for a p/b at which point I'll go long again.
Still not up to much but continued with the EG / GBPCHF game yesterday. A few pips only.
GBPCHF still bullish on the 15m but in a significant area on the 60m so am ready for a p/b at which point I'll go long again.
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Dentalfloss
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Run of US surveys and weekly claims, India Trade the only items on
meagre schedule of data; SNB and Norges Bank policy meetings,
Lautenschlaeger and Debelle speak; UK, France and Spain to sell debt,
IEA monthly oil market report
- SNB to keep policy unchanged, confirm little prospect of any rate
moves in next 12 months
- Norges Bank: soft CPI and stronger NOK suggest no change to rate
trajectory
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once again it is the US that dominates the day's data schedule with the NY & Philly Fed and NAHB Housing surveys accompanying weekly Jobless Claims and Import Prices, with the latter likely to be largely ignored, in so far as CPI and PPI have already been published. Otherwise the only other item of note will be India's Trade Balance, primarily in terms of the longer-term profile on export demand, and the extent to which it is being negatively impacted by rising oil prices. On the event side of the equation, there are rate meetings in Switzerland and Norway, with ECB's Lautenschlaeger and RBA's Debelle both scheduled to speak, while the IEA's Oil Market Report will provide the usual counterpoint to the generally rather Panglossian OPEC report, published yesterday, though the latter did finally appear to admit that supply growth is outstripping demand. Govt bond supply is plentiful, with the UK launching a new 10-yr benchmark Gilt, while there are multi-tranche auctions in Spain and France. Otherwise politics will continue to provide much of the key mood music, be that Italy's Lega leader Salvini opening up the possibility of a govt with M5S, whether and what key EU countries propose to back up UK moves to 'sanction' Russia, or the instability of the Trump administration.
** Switzerland - SNB policy meeting **
- The SNB holds its quarterly policy meeting, but it is expected to hold it key deposit rate target -0.75% both at this meeting and indeed through to Q3 2019, with an initial hike seen in December 2019. Inflation is projected to be little changed over that time horizon (end 2018 0.7% end 2019 0.8%), though GDP is expected to pick up from an average 1.0% in 2017 to 1.9% on average in 2018, with 2019 seen at 1.7%. The SNB will doubtless continue to emphasize that the CHF is overvalued, and will certainly make every effort to be behind whatever the ECB's rate trajectory turns out to be.
** Norway - Norges Bank policy meeting **
- Norway's central bank is expected to hold rates at 0.50%, and will likely view the still very subdued pace of underlying (core) CPI as offering little reason to make any major changes to its rate trajectory, particularly given the strength of the NOK at the current juncture.
from Marc Ostwald
meagre schedule of data; SNB and Norges Bank policy meetings,
Lautenschlaeger and Debelle speak; UK, France and Spain to sell debt,
IEA monthly oil market report
- SNB to keep policy unchanged, confirm little prospect of any rate
moves in next 12 months
- Norges Bank: soft CPI and stronger NOK suggest no change to rate
trajectory
..........................................................................
********************
** EVENTS PREVIEW **
********************
Once again it is the US that dominates the day's data schedule with the NY & Philly Fed and NAHB Housing surveys accompanying weekly Jobless Claims and Import Prices, with the latter likely to be largely ignored, in so far as CPI and PPI have already been published. Otherwise the only other item of note will be India's Trade Balance, primarily in terms of the longer-term profile on export demand, and the extent to which it is being negatively impacted by rising oil prices. On the event side of the equation, there are rate meetings in Switzerland and Norway, with ECB's Lautenschlaeger and RBA's Debelle both scheduled to speak, while the IEA's Oil Market Report will provide the usual counterpoint to the generally rather Panglossian OPEC report, published yesterday, though the latter did finally appear to admit that supply growth is outstripping demand. Govt bond supply is plentiful, with the UK launching a new 10-yr benchmark Gilt, while there are multi-tranche auctions in Spain and France. Otherwise politics will continue to provide much of the key mood music, be that Italy's Lega leader Salvini opening up the possibility of a govt with M5S, whether and what key EU countries propose to back up UK moves to 'sanction' Russia, or the instability of the Trump administration.
** Switzerland - SNB policy meeting **
- The SNB holds its quarterly policy meeting, but it is expected to hold it key deposit rate target -0.75% both at this meeting and indeed through to Q3 2019, with an initial hike seen in December 2019. Inflation is projected to be little changed over that time horizon (end 2018 0.7% end 2019 0.8%), though GDP is expected to pick up from an average 1.0% in 2017 to 1.9% on average in 2018, with 2019 seen at 1.7%. The SNB will doubtless continue to emphasize that the CHF is overvalued, and will certainly make every effort to be behind whatever the ECB's rate trajectory turns out to be.
** Norway - Norges Bank policy meeting **
- Norway's central bank is expected to hold rates at 0.50%, and will likely view the still very subdued pace of underlying (core) CPI as offering little reason to make any major changes to its rate trajectory, particularly given the strength of the NOK at the current juncture.
from Marc Ostwald
Dentalfloss
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Dax
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Dentalfloss
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Dentalfloss
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bulls came in to test rez
Dentalfloss
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1 min
Dentalfloss
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trend was up into the open...makes life much easier to read the chart
C
cantagril
C
cantagril
1 min
Also trying to use Dentists's Dax charts as p(r)oxy indicators for the Stoxx. Up all of 2 pips in 3 hours...and I thought EG was slow
Dentalfloss
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Boeing stock....dump due to aluminium tariff
Dentalfloss
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It nearly doubled in last 12 months
It is just pulling back
It is just pulling back
Dentalfloss
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300 on cards......if 320 fails
Dentalfloss
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There is a wide area of rez in 260 area....if 300 fails
Gives a 20 % dump
If it follows thru on Dow....could get 20K
Gives a 20 % dump
If it follows thru on Dow....could get 20K
C
cantagril
Out at 1.3220 for +43
Dentalfloss
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Dentalfloss
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and up we went....finally
Dentalfloss
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went thru rez
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ddow
24700 held overnight
excellent
24700 held overnight
excellent
