Dentalfloss
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wazaa.....
Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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Dow updated
there is a hint of a new downward channel forming
posted 3 hours ago
Dentalfloss
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our 25600 rez area worked a treat today
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our dax pivots updated
Dentalfloss
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Dow
Dentalfloss
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Dow 2000 point dump in just over a week
yesterday caught me out abit...did not take full advantage
no problems today
my brain is fried...what little there is of it
yesterday caught me out abit...did not take full advantage
no problems today
my brain is fried...what little there is of it
Dentalfloss
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small brain=better trader.....lol
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oil updated
Dentalfloss
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vertical count target..so far
activation area is usually strong rez
target out the window now
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Mornin folks
Dentalfloss
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bounce back overnight
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Dead cat bounce....
There looks to be 3 waves down...... Elliot guys might be licking their lips..... They could be wrong
There looks to be 3 waves down...... Elliot guys might be licking their lips..... They could be wrong
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DAX updated
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highest pivot still in play
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EURUSD
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A tad oversold now
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DOW
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Ostwald, Marc
09:15 (13 minutes ago)
to Marc
- Digesting China Trade and Singapore Q3 GDP, waiting India CPI, Industrial
Production and US Import Prices; some ECB and Fed speakers, markets more
likely interested in whether 'risk assets' settle down a little after
this week's sell-off
- China Trade: not much evidence thus far of any trade tensions impact
- India CPI: weak INR and rising oil prices to push CPI back to CPI
target, but cuts in fuel taxes, food price and housing Cost base
effects reining in price increases
..........................................................................
********************
** EVENTS PREVIEW **
********************
So to end a much choppier week in financial markets, there is a relatively modest run of data and events, with most market participants probably more interested in whether 'risk' assets consolidate after the 'turmoil' of the past 48 hours, per se implying that while moves have been sharp, this may just prove to be another storm in a teacup as the February 'volmageddon' episode proved to be. There are the Chinese Trade data, Australian Housing Finance and provisional Q4 GDP data to digest ahead of Indian CPI & Industrial Production and US Import and Export Prices and the preliminary Michigan Sentiment reading for October. In event terms, there is as smattering of Fed speak, though we have from Evans and Bostic already this week, and some ECB speak from the hawkish leaning Lautenschlaeger, which will be of interest, as she has not spoken on policy for a while. Next week's Schedule features US and Chinese Retail Sales and Industrial Production, along with China Q3 GDP, while the UK looks to inflation, labour markets and retail spending, though the latter will be overshadowed by Brexit negotiations, above all further indications of tensions within Mrs May's Cabinet over the suggestion of the UK remaining in the EU Customs Union.
** China - September Trade Balance **
- Overall this proved to be better than expected, and outside of Soybeans, showing little in the way of an impact thus far from the trade tensions with the USA, with Exports rising 14.5% y/y beating forecasts of 8.9%, while Imports were broadly in line with projections at 14.3%. The latter was above all boosted by strength in Crude Oil, Iron Ore and a record volume for Copper concentrates, while Steel exports continued to show no sign of any impact from either trade tensions, nor the woes of the European auto sector. In terms of Soy imports, overall volumes were down, but higher than had been anticipated by sector specialists, though this appears to relate more to some August imports being delayed by inspections, and thus showing up in the September data.
** India - September CPI **
- Following on from last week's surprise decision by the RBI not to hike rates, today's CPI could prove to be pivotal for the INR. The consensus looks for a rebound to 4.0% y/y from the 2018 low of 3.69% posted in August, and sharply lower than June's 4.92% y/y. This would leave CPI exactly at the RBI's target level, though the continued rise in oil prices, in part mitigated by cuts to fuel taxes, and the continued weakness in the INR suggest renewed upward pressure in Q4, despite the RBI reducing its projection for Q2 FY2019 to 4.0% vs a prior estimate of 4.6%. Food price base effects continue to exercise a downward pull on y/y inflation, with downward revisions to housing cost estimates also helping.
09:15 (13 minutes ago)
to Marc
- Digesting China Trade and Singapore Q3 GDP, waiting India CPI, Industrial
Production and US Import Prices; some ECB and Fed speakers, markets more
likely interested in whether 'risk assets' settle down a little after
this week's sell-off
- China Trade: not much evidence thus far of any trade tensions impact
- India CPI: weak INR and rising oil prices to push CPI back to CPI
target, but cuts in fuel taxes, food price and housing Cost base
effects reining in price increases
..........................................................................
********************
** EVENTS PREVIEW **
********************
So to end a much choppier week in financial markets, there is a relatively modest run of data and events, with most market participants probably more interested in whether 'risk' assets consolidate after the 'turmoil' of the past 48 hours, per se implying that while moves have been sharp, this may just prove to be another storm in a teacup as the February 'volmageddon' episode proved to be. There are the Chinese Trade data, Australian Housing Finance and provisional Q4 GDP data to digest ahead of Indian CPI & Industrial Production and US Import and Export Prices and the preliminary Michigan Sentiment reading for October. In event terms, there is as smattering of Fed speak, though we have from Evans and Bostic already this week, and some ECB speak from the hawkish leaning Lautenschlaeger, which will be of interest, as she has not spoken on policy for a while. Next week's Schedule features US and Chinese Retail Sales and Industrial Production, along with China Q3 GDP, while the UK looks to inflation, labour markets and retail spending, though the latter will be overshadowed by Brexit negotiations, above all further indications of tensions within Mrs May's Cabinet over the suggestion of the UK remaining in the EU Customs Union.
** China - September Trade Balance **
- Overall this proved to be better than expected, and outside of Soybeans, showing little in the way of an impact thus far from the trade tensions with the USA, with Exports rising 14.5% y/y beating forecasts of 8.9%, while Imports were broadly in line with projections at 14.3%. The latter was above all boosted by strength in Crude Oil, Iron Ore and a record volume for Copper concentrates, while Steel exports continued to show no sign of any impact from either trade tensions, nor the woes of the European auto sector. In terms of Soy imports, overall volumes were down, but higher than had been anticipated by sector specialists, though this appears to relate more to some August imports being delayed by inspections, and thus showing up in the September data.
** India - September CPI **
- Following on from last week's surprise decision by the RBI not to hike rates, today's CPI could prove to be pivotal for the INR. The consensus looks for a rebound to 4.0% y/y from the 2018 low of 3.69% posted in August, and sharply lower than June's 4.92% y/y. This would leave CPI exactly at the RBI's target level, though the continued rise in oil prices, in part mitigated by cuts to fuel taxes, and the continued weakness in the INR suggest renewed upward pressure in Q4, despite the RBI reducing its projection for Q2 FY2019 to 4.0% vs a prior estimate of 4.6%. Food price base effects continue to exercise a downward pull on y/y inflation, with downward revisions to housing cost estimates also helping.
Dentalfloss
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Dentalfloss
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