Dentalfloss
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NAz 100
7230 pivot area
will it hold..??
7230 pivot area
will it hold..??
Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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Cac should be in rez now
Dentalfloss
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UK politics dominate otherwise minimalist schedule of data & events,
German Trade, China FX Reserves & Wintime Energy to be digested;
Macron policy speech, Draghi testimony and Broadbent speech
- China FX reserve rise underline shift in FX management strategy
- UK politics: key question is whether leadership challenge emerges
- Week Ahead: US and China inflation, run of UK activity metrics and
Japan Orders top data schedule; BoC expected to hike rates
..........................................................................
********************
** EVENTS PREVIEW **
********************
In terms of scheduled data and events, the week will get off to a very subdued start, and if initial reaction to the resignation of Brexit Secretary Davis and his ministerial colleague Baker, markets appear to be unwilling to take much of a cue from political events, preferring instead to indulge in a display of FOMO (fear of missing out), BTD (buy the dip) and TINA (there is no alternative) in a mini "risk on" charge. Outside of the UK political melodrama, the weekend and overnight news run has been indeed limited, with tensions unsurprisingly reappearing in the US/North Korea negotiations, a slightly better than expected set of German Trade data, while the pick-up in China's FX reserves perhaps underlines that Chinese authorities felt little compunction to stage a stout defence of the CNY in the face of the later June sell-off, which is instructive, but fits well with new PBOC's governor Yi Gang's somewhat sceptical view on the efficacy of intervention. The Perhaps of rather greater significance has been the Chinese authorities to allow the recent run of onshore bond defaults, the latest being Wintime Energy, which gives credence to a shift in policy that had been announced, but which few believed given a long track record of effectively 'papering over the cracks'. Outside of this a policy speech by Macron and Draghi's regular testimony to the European parliament are the only other likely items of note. As for the Brexit drama, it remains to be seen whether the Davis and Baker will open the door to an outright leadership challenge (which the Westminster grapevine suggests will be the case), or whether Mrs May will prevail with the plan hammered out with her Cabinet at the end of last week. The latter is notable for two obvious deficiencies: a) the proposals only cover goods, when 80% of the UK economy is services related, with a good deal of that related to goods trade, and b) hardly seems to recognize the realities of what is a workable solution for the EU.... though the EU may offer rather more leeway, if they judge that they need to give May some support. The latter is all the more likely as a Tory party leadership contest would effectively use up all the time that currently remains for negotiations, and as previously suggested makes the risk of an 'accidental hard Brexit' a very real possibility.
From Marc Ostwald
German Trade, China FX Reserves & Wintime Energy to be digested;
Macron policy speech, Draghi testimony and Broadbent speech
- China FX reserve rise underline shift in FX management strategy
- UK politics: key question is whether leadership challenge emerges
- Week Ahead: US and China inflation, run of UK activity metrics and
Japan Orders top data schedule; BoC expected to hike rates
..........................................................................
********************
** EVENTS PREVIEW **
********************
In terms of scheduled data and events, the week will get off to a very subdued start, and if initial reaction to the resignation of Brexit Secretary Davis and his ministerial colleague Baker, markets appear to be unwilling to take much of a cue from political events, preferring instead to indulge in a display of FOMO (fear of missing out), BTD (buy the dip) and TINA (there is no alternative) in a mini "risk on" charge. Outside of the UK political melodrama, the weekend and overnight news run has been indeed limited, with tensions unsurprisingly reappearing in the US/North Korea negotiations, a slightly better than expected set of German Trade data, while the pick-up in China's FX reserves perhaps underlines that Chinese authorities felt little compunction to stage a stout defence of the CNY in the face of the later June sell-off, which is instructive, but fits well with new PBOC's governor Yi Gang's somewhat sceptical view on the efficacy of intervention. The Perhaps of rather greater significance has been the Chinese authorities to allow the recent run of onshore bond defaults, the latest being Wintime Energy, which gives credence to a shift in policy that had been announced, but which few believed given a long track record of effectively 'papering over the cracks'. Outside of this a policy speech by Macron and Draghi's regular testimony to the European parliament are the only other likely items of note. As for the Brexit drama, it remains to be seen whether the Davis and Baker will open the door to an outright leadership challenge (which the Westminster grapevine suggests will be the case), or whether Mrs May will prevail with the plan hammered out with her Cabinet at the end of last week. The latter is notable for two obvious deficiencies: a) the proposals only cover goods, when 80% of the UK economy is services related, with a good deal of that related to goods trade, and b) hardly seems to recognize the realities of what is a workable solution for the EU.... though the EU may offer rather more leeway, if they judge that they need to give May some support. The latter is all the more likely as a Tory party leadership contest would effectively use up all the time that currently remains for negotiations, and as previously suggested makes the risk of an 'accidental hard Brexit' a very real possibility.
From Marc Ostwald
Dentalfloss
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Dentalfloss
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Dentalfloss
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FTSE
Dentalfloss
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Twas
C
cantagril
Yerst.
Finally got out of my duff short 5388 +12:|
Reversed so now long from 88 target 5413 ish
Dentalfloss
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As we said at the weekend..... Gbp is the easy money
Dentalfloss
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Maybe
Dentalfloss
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posted at 10am yesterday
Dentalfloss
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Bulls dancing...
gettin in to our 2784 area now
Dentalfloss
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dollar gettin bought...from our tad oversold
excellent stuff
excellent stuff
Dentalfloss
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dow 24740 lined up for a pump or dump
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FTSE
gettin tested
Dentalfloss
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Naz 100...still the dog
Dentalfloss
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Cable
stops tight now
stops tight now
Dentalfloss
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Wazaa
chaos is better for us kind folks
chaos is better for us kind folks
C
cantagril
...and out at 5406 + 18
...maybe I should try something completely new and unlike anything I've been doing in the past...hmmmm..maybe GBP..praps a cross?? Stone me, howzabout EG?????
C
cantagril
Well, seeing as I didn't get a fill on my EG buy order (a mere 90 odd pips back down there somewhere) I've taken a ftse short at 7708.
That 7700 area has been such a hurdle in the past; also, there's so much uncertainty with all sorts of people resigning and things being soft and hard at the same time that whilst I have absolutely no idea what's going on, I reckon that there's quite a few people on much higher pay grades that are in the same boat.
That 7700 area has been such a hurdle in the past; also, there's so much uncertainty with all sorts of people resigning and things being soft and hard at the same time that whilst I have absolutely no idea what's going on, I reckon that there's quite a few people on much higher pay grades that are in the same boat.
