Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
CABLE
another falling knife
another falling knife
Last edited:
Trading with point and figure
- Thread starter Dentalfloss
- Start date
- Watchers 90
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
thinking that eurusd and cable should rally...we wont shy away if there is a bigger pullback
could be wrong
as always ...who knows
could be wrong
as always ...who knows
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
knife catching
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
another one liner
one liners are good...yu dont have to fiddle with p/f inputs
one liners are good...yu dont have to fiddle with p/f inputs
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
posted at 3.35pm on Friday
24885 hit a few minutes later....and rally
24900 held on pullback @4.30pm....and rally
excellent
Atilla
Legendary member
- Messages
- 20,838
- Likes
- 4,021
Hmmm having gone through posts I'm itching for SPX to test 2740s soon.
See what you mean about 2763-73 bit where it seems to rest quite well and often.
Cable I fear has more down side. Lords going to take more knocking/kicking, thus more political strife. :whistling
See what you mean about 2763-73 bit where it seems to rest quite well and often.
Cable I fear has more down side. Lords going to take more knocking/kicking, thus more political strife. :whistling
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
mornin folks
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
buy some flea powder....it will stop that itching....
might be a messy weak for spx and cable....both testing support
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
dax
12970 pivot testing now
12970 pivot testing now
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
Cable
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
1.3200"s pivot area marked
will it hold..??
will it hold..??
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
eurusd in our 1.1550-1.1580 poss supp area
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
Cac / 5500..not lined up
#allez les blues
#allez les blues
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
5480 horizontal supp area
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
oil in minor rez
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
- Modest day for data has Japan & Singapore Trade to digest ahead of US
NAHB Housing Index; busy day for ECB and Fed speakers as ECB Sintra
forum kicks off; but politics and trade tensions 'front and central'
- China threat to impose tariffs on US energy products on top of
agriculture something of a 'master stroke' on the 'hitting where it
hurts' front, but hardly bodes well in terms of escalation
- Week Ahead: thin week for data, busy week for central banks and politics
** The latest May/June edition of The Ghost In The Machine **
https://content.yudu.com/web/400wi/0A400wk/June2018/html/index.html
- Chart: WTI Crude future
** If you are not watching the World Cup this evening, then this may be of interest **
"Live from the Isle of Everywhere on Monday, June 18 from 8-9pm on ResonanceFM, a special edition of the N@ked Short Club, hosted by Dr. Stu- featuring Steve Hillage and Miquette Giraudy and the brilliant new System 7 album, Cafe Seven on A-Wave. Listen to Resonance on 104.4FM in London, on Digital/ DAB in London, Brighton and on the South Coast, or via www.resonancefm.com.
Following this, Steve and Miquette will join a "normal" edition of the N@ked Short Club from 9-10pm, live from Le Palais Des Ponzis in Avignon, with more of their music, poetry from the 5 Poetesses, plus Top Hedgies discussing alternative investments, markets and the economy. Why? Because Miquette and Steve know about this sort of thing."
..........................................................................
********************
** EVENTS PREVIEW **
********************
Outside of digesting the overnight trade numbers from Japan and Singapore, the only other item of note is the first of this week's deluge of US housing data, the NAHB Housing Market Index, which is expected to be unchanged at 70, and close to its cyclical high. By contrast, the run of central bank speak is very busy, as it is for most of this week, and features the NY Fed conference on financial market conduct and behaviour, at which outgoing NY Fed chief Dudley and incoming chief Williams will both be speaking, while Draghi opens the ECB's annual Jackson Hole equivalent, the ECB's annual Sintra Forum on Central Banking. However it will probably be politics that spawns the majority of today's headlines, with markets digesting the latest round of tit for tat tariff measures in the Sino-USA trade standoff, with the China threat of measures on US energy products perhaps something of a masterstroke in terms of 'hitting where it hurts', above all as it comes on top of the measures announced in the agricultural area. Europe has its own array of political drama with the UK House of Lords debate on the Brexit Withdrawal Bill likely to deliver another defeat for PM May. It follows on the heels of May's weekend pledge to raise spending on the NHS by £20 Bln, even if the funding for this will not come as she suggested from any 'Brexit dividend', as there will be none, but rather only a sharp rise in costs for companies, consumers and a drop in tax revenue, above all due to 'Non-tariff measure' (NTM) trade facilitation costs. Therefore if that is not to prove to be another piece of empty rhetoric, then the UK can expect broad based tax rises to fund it. Meanwhile over in Germany, Frau Merkel meets with new Italian PM Conte, above all to try and fashion a common position on Euro area reforms and the thorny topic of immigration ahead of the end of month EU summit. Merkel will also be trying to find some common ground with Domestic Affairs Minister Seehofer (CSU) on immigration rules, in what is the worst crisis in relations between CDU and 'sister party' CSU since the brief divorce between the two parties in 1976, thought at that time both were in opposition.
RECAP: The Week Ahead - Preview: 18 to 22 June 2018
- If the rather meagre economic data schedule was the sole determinant of price action in financial markets in the week ahead, then a quiet week would seem likely. However there are a raft of central bank meetings and conferences, Fed bank stress tests, numerous meetings in the Eurozone, the continuing saga of the Brexit Withdrawal Bill, the key OPEC meeting to decide on easing production curbs, and of course the various trade tensions, which between them should offer the one or the other 'tape bomb'. Eurozone govt bond supply is plentiful, though redemptions are even larger, and there are inflation-linked bond auctions in the UK and USA.
- Statistically the US has nearly all of its housing data, while Japan has Trade and national CPI. Consumer and Business surveys are plentiful, and include the flash Manufacturing PMIs from Japan, Eurozone and the USA. Canada looks to CPI and Retail Sales, while the UK has PSNB and the CBI's Industrial Trends survey, and a rather wobbly ZAR will be sensitive to the key CPI and Current Account reports.
- The Bank of England's MPC is expected to keep rates on hold at 0.50% when it meets this week, but following the strong Retail Sales report, (though very poor Industrial Production and Construction output, and sluggish wages), there are expectations that it will signal that the door is very much open for August rate hike, with the usual Brexit negotiation contingencies. As this is not an Inflation Report meeting, there will be no press conference, though Mr Carney will have the opportunity to elucidate on the BoE's statement, when he makes his annual Mansion House address on the evening after the MPC meeting. Switzerland's SNB is also seen holding rates at this week's meeting, and signal that a shift in its policy rate is still a distant prospect, while again underlining that it sees the CHF as still being overvalued, and expressing some dismay at the recent bout of 'flight to quality' strength. Norway's central bank should also hold its policy rate at 0.50%, though it will be interesting to see if the weaker than expected CPI (though otherwise solid activity data) prompts any change of heart in terms of its rate trajectory, given that it has signalled that a rate hike is likely by the end of Q3. In the EM space, the primary points of focus will be Brazil and Mexico, above all given recent currency weakness. Brazil's BCB halted its long run of rate cuts at 6.50% at its last meeting, though it signalled that it retained an easing bias, but with IPCA-15 seen vaulting higher this week to 3.3% y/y from 2.7%, and the BRL suffering bouts of intense pressure (in no small part due to a very murky political outlook), it may well shift its rhetoric to a rather less accommodative footing. Mexico's Banxico is once again charged with propping up the ailing MXN, which is likely to stall the relatively drop in CPI this year, and is seen resuming its rate hikes with a 25 bps hike to 7.75%. Fed and ECB speakers are more than plentiful, with the NY Fed holding a conference, at which outgoing and incoming presidents Dudley and Williams will speak, while 'the great and the good' of the central banking world convene at the ECB's annual Sintra Forum on Central Banking, which includes a panel discussion with Draghi, Powell, Kuroda and RBA chief Lowe. Given the increasingly hefty divergence between, Fed and ECB/BoJ policy trajectories, markets will be pondering how this will play out above all for EM countries.
- On the political front, there will be much to ponder in Europe, above and beyond the abject spectacle that continues in the UK's Houses of Parliament in respect of the Brexit Withdrawal Bill, which this week returns to the House of Lords. Things are clearly no better in Berlin where the tensions between the so-called sister parties of CDU and CSU over immigration policy remains very high, which hardly bodes well for the meetings Between Merkel and new Italian PM Conte, followed by Macron, which are supposed to reach some common ground in terms of Eurozone and EU reform proposals. This week is also the deadline set by the Euro group of Finance Ministers to come up with an agreement on debt relief for Greece (Thursday), while Friday has an EcoFin meeting. Markets will also be on higher alert given the latest volley of US tariffs and Chinese counter tariffs, the latter all surprising in terms of the China tariffs on energy products. As previously noted, this is now escalating into an all out fight for economic hegemony of the world, even if there does still appear to be a willingness to continue with negotiations. The energy tariffs are all the more interesting given that OPEC+ meets this week to come to some form of agreement on easing some of the production curbs, amid signals that the non-GCC members of OPEC (above all Iraq and Iran) are none too happy with the idea that they should bow to whatever is agreed between Saudi Arabia and Russia, and as such 'quotas' will likely be the hot topic at the meeting. It appears that some form of two 500K bpd step increases will be the compromise solution, well short of the 1.5 Mln increase that Russia would clearly prefer to see.
from Marc Ostwald
NAHB Housing Index; busy day for ECB and Fed speakers as ECB Sintra
forum kicks off; but politics and trade tensions 'front and central'
- China threat to impose tariffs on US energy products on top of
agriculture something of a 'master stroke' on the 'hitting where it
hurts' front, but hardly bodes well in terms of escalation
- Week Ahead: thin week for data, busy week for central banks and politics
** The latest May/June edition of The Ghost In The Machine **
https://content.yudu.com/web/400wi/0A400wk/June2018/html/index.html
- Chart: WTI Crude future
** If you are not watching the World Cup this evening, then this may be of interest **
"Live from the Isle of Everywhere on Monday, June 18 from 8-9pm on ResonanceFM, a special edition of the N@ked Short Club, hosted by Dr. Stu- featuring Steve Hillage and Miquette Giraudy and the brilliant new System 7 album, Cafe Seven on A-Wave. Listen to Resonance on 104.4FM in London, on Digital/ DAB in London, Brighton and on the South Coast, or via www.resonancefm.com.
Following this, Steve and Miquette will join a "normal" edition of the N@ked Short Club from 9-10pm, live from Le Palais Des Ponzis in Avignon, with more of their music, poetry from the 5 Poetesses, plus Top Hedgies discussing alternative investments, markets and the economy. Why? Because Miquette and Steve know about this sort of thing."
..........................................................................
********************
** EVENTS PREVIEW **
********************
Outside of digesting the overnight trade numbers from Japan and Singapore, the only other item of note is the first of this week's deluge of US housing data, the NAHB Housing Market Index, which is expected to be unchanged at 70, and close to its cyclical high. By contrast, the run of central bank speak is very busy, as it is for most of this week, and features the NY Fed conference on financial market conduct and behaviour, at which outgoing NY Fed chief Dudley and incoming chief Williams will both be speaking, while Draghi opens the ECB's annual Jackson Hole equivalent, the ECB's annual Sintra Forum on Central Banking. However it will probably be politics that spawns the majority of today's headlines, with markets digesting the latest round of tit for tat tariff measures in the Sino-USA trade standoff, with the China threat of measures on US energy products perhaps something of a masterstroke in terms of 'hitting where it hurts', above all as it comes on top of the measures announced in the agricultural area. Europe has its own array of political drama with the UK House of Lords debate on the Brexit Withdrawal Bill likely to deliver another defeat for PM May. It follows on the heels of May's weekend pledge to raise spending on the NHS by £20 Bln, even if the funding for this will not come as she suggested from any 'Brexit dividend', as there will be none, but rather only a sharp rise in costs for companies, consumers and a drop in tax revenue, above all due to 'Non-tariff measure' (NTM) trade facilitation costs. Therefore if that is not to prove to be another piece of empty rhetoric, then the UK can expect broad based tax rises to fund it. Meanwhile over in Germany, Frau Merkel meets with new Italian PM Conte, above all to try and fashion a common position on Euro area reforms and the thorny topic of immigration ahead of the end of month EU summit. Merkel will also be trying to find some common ground with Domestic Affairs Minister Seehofer (CSU) on immigration rules, in what is the worst crisis in relations between CDU and 'sister party' CSU since the brief divorce between the two parties in 1976, thought at that time both were in opposition.
RECAP: The Week Ahead - Preview: 18 to 22 June 2018
- If the rather meagre economic data schedule was the sole determinant of price action in financial markets in the week ahead, then a quiet week would seem likely. However there are a raft of central bank meetings and conferences, Fed bank stress tests, numerous meetings in the Eurozone, the continuing saga of the Brexit Withdrawal Bill, the key OPEC meeting to decide on easing production curbs, and of course the various trade tensions, which between them should offer the one or the other 'tape bomb'. Eurozone govt bond supply is plentiful, though redemptions are even larger, and there are inflation-linked bond auctions in the UK and USA.
- Statistically the US has nearly all of its housing data, while Japan has Trade and national CPI. Consumer and Business surveys are plentiful, and include the flash Manufacturing PMIs from Japan, Eurozone and the USA. Canada looks to CPI and Retail Sales, while the UK has PSNB and the CBI's Industrial Trends survey, and a rather wobbly ZAR will be sensitive to the key CPI and Current Account reports.
- The Bank of England's MPC is expected to keep rates on hold at 0.50% when it meets this week, but following the strong Retail Sales report, (though very poor Industrial Production and Construction output, and sluggish wages), there are expectations that it will signal that the door is very much open for August rate hike, with the usual Brexit negotiation contingencies. As this is not an Inflation Report meeting, there will be no press conference, though Mr Carney will have the opportunity to elucidate on the BoE's statement, when he makes his annual Mansion House address on the evening after the MPC meeting. Switzerland's SNB is also seen holding rates at this week's meeting, and signal that a shift in its policy rate is still a distant prospect, while again underlining that it sees the CHF as still being overvalued, and expressing some dismay at the recent bout of 'flight to quality' strength. Norway's central bank should also hold its policy rate at 0.50%, though it will be interesting to see if the weaker than expected CPI (though otherwise solid activity data) prompts any change of heart in terms of its rate trajectory, given that it has signalled that a rate hike is likely by the end of Q3. In the EM space, the primary points of focus will be Brazil and Mexico, above all given recent currency weakness. Brazil's BCB halted its long run of rate cuts at 6.50% at its last meeting, though it signalled that it retained an easing bias, but with IPCA-15 seen vaulting higher this week to 3.3% y/y from 2.7%, and the BRL suffering bouts of intense pressure (in no small part due to a very murky political outlook), it may well shift its rhetoric to a rather less accommodative footing. Mexico's Banxico is once again charged with propping up the ailing MXN, which is likely to stall the relatively drop in CPI this year, and is seen resuming its rate hikes with a 25 bps hike to 7.75%. Fed and ECB speakers are more than plentiful, with the NY Fed holding a conference, at which outgoing and incoming presidents Dudley and Williams will speak, while 'the great and the good' of the central banking world convene at the ECB's annual Sintra Forum on Central Banking, which includes a panel discussion with Draghi, Powell, Kuroda and RBA chief Lowe. Given the increasingly hefty divergence between, Fed and ECB/BoJ policy trajectories, markets will be pondering how this will play out above all for EM countries.
- On the political front, there will be much to ponder in Europe, above and beyond the abject spectacle that continues in the UK's Houses of Parliament in respect of the Brexit Withdrawal Bill, which this week returns to the House of Lords. Things are clearly no better in Berlin where the tensions between the so-called sister parties of CDU and CSU over immigration policy remains very high, which hardly bodes well for the meetings Between Merkel and new Italian PM Conte, followed by Macron, which are supposed to reach some common ground in terms of Eurozone and EU reform proposals. This week is also the deadline set by the Euro group of Finance Ministers to come up with an agreement on debt relief for Greece (Thursday), while Friday has an EcoFin meeting. Markets will also be on higher alert given the latest volley of US tariffs and Chinese counter tariffs, the latter all surprising in terms of the China tariffs on energy products. As previously noted, this is now escalating into an all out fight for economic hegemony of the world, even if there does still appear to be a willingness to continue with negotiations. The energy tariffs are all the more interesting given that OPEC+ meets this week to come to some form of agreement on easing some of the production curbs, amid signals that the non-GCC members of OPEC (above all Iraq and Iran) are none too happy with the idea that they should bow to whatever is agreed between Saudi Arabia and Russia, and as such 'quotas' will likely be the hot topic at the meeting. It appears that some form of two 500K bpd step increases will be the compromise solution, well short of the 1.5 Mln increase that Russia would clearly prefer to see.
from Marc Ostwald
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
C
cantagril
C
cantagril
I think that it's the company that he keeps. Attila frequents another thread peopled by extremists and populists and I reckon he's picked up a dose of Brexitis. It's a nasty affliction to have, to be sure but in this case all he needs to do is nick down the quack's and get a scrip for some of that foreign ointment slime, La Pommade Européenne - he'll be right in no time.
More severe cases necessitate emigration for an extended period and a course of suppositaries
