Dentalfloss
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Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
Legendary member
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Dentalfloss
Legendary member
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Dentalfloss
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Dentalfloss
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Mornin folks 😷 😷 😷 😷 😷 
🤓🤓🤓🤓🥰🥰
🤓🤓🤓🤓🥰🥰
Dentalfloss
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Updated
bouncing into rez
bouncing into rez
Dentalfloss
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Dentalfloss
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Dentalfloss
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C
cantagril
Dentalfloss
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Dentalfloss
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And you...and a very Good morning to you too Sir
Using the time at home to improve Mon Francais.Cannot translate "Mushy peas" ..??
Dentalfloss
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enrolled for a couple of online courses...Not doin too well..forgotten alot and brain dead aswell
C
cantagril
A direct translation would be something like "Les pois détrempés" but few French persons would understand , I think.....
Edit: On reflection, as no self_respecting Gaul would go near a mushy pea, the nearest equivalent is probably "purée de petits pois"...not quite mushy but it's as mushy as you're likely to get in these trying times.
Somehow, I never thought of you as a mushy pea aficionado.
Last edited by a moderator:
C
cantagril
Don't worry - it's just like riding a bicycle: you fall off a lot and then go inside for a drink or two.
Dentalfloss
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And forget everything you have just learntDon't worry - it's just like riding a bicycle: you fall off a lot and then go inside for a drink or two.
Dentalfloss
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Dentalfloss
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Dentalfloss
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Dentalfloss
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UK, South Africa & Canada CPI top data run; Turkey rate decision; broad
swathe of US & Europe corporate earnings to offer insights into Covid-19
impact at micro level; govt bond auctions plentiful: oil still in focus
- Turkey: TCMB to continue to bend to political pressure, but spiral lower
in TRY and FX reserves leave IMF bail-out as the only option
- Current inflation data clearly being driven lower by energy, but trend
in coming months of greater interest as supply / demand dynamics
become clearer
- Political risks on the rise, exacerbating already adverse trends
- Charts: WTO & Brent contract tables, TRY/USD spot & Turkey FX Reserves
..........................................................................
********************
** EVENTS PREVIEW **
********************
As the woes of the oil market have demonstrated in recent days, markets are struggling in reaction function terms (in so far as such a phenomenon exists these days in markets) to capitalize on the 'free put' on financial assets put in place by central banks, above all the Fed, and on the other hand the prospect of a prolonged period of economic inactivity in many countries, and thereafter profound, perhaps rapid change in all walks of economic and social life thereafter. While the deflation mantra / credo (led by oil prices) has CPI data from the UK to digest, along with South Africa and Canada ahead, it is less how prices are being led lower by energy in the short-term, but rather how supply bottlenecks and demand shocks impact prices over the next 3 to 6 months, and in EM countries such as South Africa, where currency woes may be offsetting any benefits from falling oil prices. There are also Industrial Orders from Italy and US FHFA House Prices. Govt bond auctions are again plentiful with the UK selling 4 & 7-yr, Denmark 10 & 30-yr, Norway and Sweden 10-yr and Canada 30-yr. But it is the run of corporate earnings in Europe and the US, with numerous companies in sectors very sensitive to Covid-19 impacts reporting and updating outlooks (where there is any visibility), which may attract most attention. In Europe: Akzo Nobel, Ericsson, Fevertree, Heineken, Kone, Randstad and STMicroelectronics, and the US: Alcoa, AT&T, Baker Hughes, Discover, Kimberly-Clark, Kinder Morgan, Nasdaq, Seagate Technology & Sempra Energy. In terms of the oil price crash, we are back once again in the problem area that was seen both in reaction to the September terrorist attack in Saudi Arabia, and the March meltdown in equity markets, namely the extent to which this induces good assets being sold to cover margin calls and related losses, i.e. Gresham's law. This raises yet another question about central bank strategies in terms of pumping trillions of liquidity into the financial system, and thereby exacerbating leveraged and/or speculative trading.
Turkey is back in the spotlight with the TCMB expected to cut rates again by 50 bps to 9.25%, which is clearly a function of continued political pressure, but flies in the face of the slide in the TRY and a steep decline in FX Reserves (see charts). For all that the govt is resisting all calls for an IMF bail-out, the spiral in which it finds itself suggests that this is about the only workable option.
A risk that has been ever present, but appears to be crystallizing in some countries is that the general public are losing their faith in governments' handling of the crisis, even if the way it is manifesting differs, in Italy and the UK it is outright questioning of competence, with Italy also seeing a lot of blame put at the door of the EU (wholly unsurprising), while in the US it is calls for state governments to roll backs restrictions on movement, cheer led to an extent by the President. The lack of international co-ordination in combatting Covid-19 is bad enough, and will exacerbate protectionist nationalist trends already in motion for a number of years, but if the public loses faith in governments the social and economic challenges will be even more enormous than they already are.
swathe of US & Europe corporate earnings to offer insights into Covid-19
impact at micro level; govt bond auctions plentiful: oil still in focus
- Turkey: TCMB to continue to bend to political pressure, but spiral lower
in TRY and FX reserves leave IMF bail-out as the only option
- Current inflation data clearly being driven lower by energy, but trend
in coming months of greater interest as supply / demand dynamics
become clearer
- Political risks on the rise, exacerbating already adverse trends
- Charts: WTO & Brent contract tables, TRY/USD spot & Turkey FX Reserves
..........................................................................
********************
** EVENTS PREVIEW **
********************
As the woes of the oil market have demonstrated in recent days, markets are struggling in reaction function terms (in so far as such a phenomenon exists these days in markets) to capitalize on the 'free put' on financial assets put in place by central banks, above all the Fed, and on the other hand the prospect of a prolonged period of economic inactivity in many countries, and thereafter profound, perhaps rapid change in all walks of economic and social life thereafter. While the deflation mantra / credo (led by oil prices) has CPI data from the UK to digest, along with South Africa and Canada ahead, it is less how prices are being led lower by energy in the short-term, but rather how supply bottlenecks and demand shocks impact prices over the next 3 to 6 months, and in EM countries such as South Africa, where currency woes may be offsetting any benefits from falling oil prices. There are also Industrial Orders from Italy and US FHFA House Prices. Govt bond auctions are again plentiful with the UK selling 4 & 7-yr, Denmark 10 & 30-yr, Norway and Sweden 10-yr and Canada 30-yr. But it is the run of corporate earnings in Europe and the US, with numerous companies in sectors very sensitive to Covid-19 impacts reporting and updating outlooks (where there is any visibility), which may attract most attention. In Europe: Akzo Nobel, Ericsson, Fevertree, Heineken, Kone, Randstad and STMicroelectronics, and the US: Alcoa, AT&T, Baker Hughes, Discover, Kimberly-Clark, Kinder Morgan, Nasdaq, Seagate Technology & Sempra Energy. In terms of the oil price crash, we are back once again in the problem area that was seen both in reaction to the September terrorist attack in Saudi Arabia, and the March meltdown in equity markets, namely the extent to which this induces good assets being sold to cover margin calls and related losses, i.e. Gresham's law. This raises yet another question about central bank strategies in terms of pumping trillions of liquidity into the financial system, and thereby exacerbating leveraged and/or speculative trading.
Turkey is back in the spotlight with the TCMB expected to cut rates again by 50 bps to 9.25%, which is clearly a function of continued political pressure, but flies in the face of the slide in the TRY and a steep decline in FX Reserves (see charts). For all that the govt is resisting all calls for an IMF bail-out, the spiral in which it finds itself suggests that this is about the only workable option.
A risk that has been ever present, but appears to be crystallizing in some countries is that the general public are losing their faith in governments' handling of the crisis, even if the way it is manifesting differs, in Italy and the UK it is outright questioning of competence, with Italy also seeing a lot of blame put at the door of the EU (wholly unsurprising), while in the US it is calls for state governments to roll backs restrictions on movement, cheer led to an extent by the President. The lack of international co-ordination in combatting Covid-19 is bad enough, and will exacerbate protectionist nationalist trends already in motion for a number of years, but if the public loses faith in governments the social and economic challenges will be even more enormous than they already are.
