Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
good morning all
Trading with point and figure
- Thread starter Dentalfloss
- Start date
- Watchers 90
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
Levels for today, slight rise after hours yest and this morning, will it continue up or sell off?
MichaelJohnFX
Senior member
- Messages
- 2,891
- Likes
- 323
Morning
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
Zooming in a little
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
thought it would have got a little closer to the 10250 level!
Looks like I was wrong there , missed the short down1
Looks like I was wrong there , missed the short down1
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
Mornin guvner...nice to see yu running the show
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
just keeping the troops entertained whilst you get up!! lol
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
there was a long @ 10190 area but I didnt take it, will wait for the open and see if we leave nomans land!
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
mornin
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
DAx into the open
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
dax..difficult
could be a top or could continue the uptrend
fomc and
month end window dressing aswell
could be a top or could continue the uptrend
fomc and
month end window dressing aswell
Moneylender
Legendary member
- Messages
- 5,693
- Likes
- 369
just been told I am out shopping today!!
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
spx
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
have fun
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
cable gone into our supp area 1.3064 area
f2calv
Experienced member
- Messages
- 1,318
- Likes
- 278
Time to kiss goodbye to a chunk of that trading pot you've built up then :whistling
f2calv
Experienced member
- Messages
- 1,318
- Likes
- 278
With lower preceeding highs and, BoE Weale;
18th July: "wage & productivity growth may argue against rate cut"
1 week later
25th July: "Immediate measures may be needed"
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
** EVENTS PREVIEW **
********************
The schedule of statistics may be busier today, but with event risk via Fed and BoJ and the raft of provisional Q2 GDP readings due later in the week, along with the unholy cocktail of geo-political risk, thin summer market volumes, financial repression/income deficits and month end, the market script is once again very binary: ennui or a powerful shock, with the ground between the two being 'no man's land. Give praise and thanks for that to political, monetary and regulatory policymakers globally. For the volatility trading fraternity this is hardly auspicious, in so far as the current environment is one that is largely self-feeding / fulfilling, in no small part due to NIRP/ZIRP/QE. In other words, low volatility is self-reinforcing, as are the dislocations to high volatility, the space between nuclear fall-out wasteland, generally traversed at the speed of light, underlining the extreme level of dis-intermediation in financial markets. BoE's Weale abrupt volte face on policy easing in the face of last week's PMIs will understandably be seen as making a 'package' of MPC policy easing in August 'a slam dunk', even though it is anything but clear where the BoE should be targeting its moves. Crusts will be hard earnt, and outside of the hubristic community, more via luck than judgement in any rational assessment. On the card are the overnight South Korea Q2 GDP ahead of UK June BBA Mortgage Approvals (best taken with more than a pinch of salt), ahead of US Markit Services PMI, Consumer Confidence and New Home Sales. Q2 Corporate Earnings reports will be plentiful both in the US and Europe, while the US sells US$ 34.0 Bln of a new 5-yr Treasury Note, and the UK will likely launch its syndicated Index-linked 2065 sale.
** U.S.A. - Services PMI, Consumer Confidence & New Home Sales **
- As has been well documented, the run of incoming US data across most sectors points to an economy that is "humming along", and while clearly not overheating, the question remains whether ultra-accommodative "emergency levels" of rates and liquidity largesse are really needed, or are indeed beneficial. The Markit Services PMI due today is projected to edge up to 52.0, still below April's 52.8, and suggesting a rather more sluggish pace activity than the better established, and more broadly followed ISM measure (last 56.5, best since November). While playing into many commentators' (perhaps self-serving) downbeat assessment of US economic prospects, this is perhaps best ignored. Last month's Consumer Confidence surge to 98.0 from a rather too gloomy 92.4 in May caught many offside, though the economy's nay-sayers clearly want to persist with their negative posture, looking for a modest slip to 96.0. As ever the Labour Differential (Jobs "Plentiful" minus "Hard to Get") will attract some attention, having been broadly stable in recent months, but only very marginally positive at 0.1 in June. Persistently historically super low levels of weekly jobless claims (last 253K) would suggest some scope for improvement). Last but not least New Home Sales are expected to rebound mdoestly (1.6% m/m) from an unexpectedly 'large' 6.0% m/m fall in May, though the series relatively small "sample population" make it inherently volatile.
from Marc Ostwald
********************
The schedule of statistics may be busier today, but with event risk via Fed and BoJ and the raft of provisional Q2 GDP readings due later in the week, along with the unholy cocktail of geo-political risk, thin summer market volumes, financial repression/income deficits and month end, the market script is once again very binary: ennui or a powerful shock, with the ground between the two being 'no man's land. Give praise and thanks for that to political, monetary and regulatory policymakers globally. For the volatility trading fraternity this is hardly auspicious, in so far as the current environment is one that is largely self-feeding / fulfilling, in no small part due to NIRP/ZIRP/QE. In other words, low volatility is self-reinforcing, as are the dislocations to high volatility, the space between nuclear fall-out wasteland, generally traversed at the speed of light, underlining the extreme level of dis-intermediation in financial markets. BoE's Weale abrupt volte face on policy easing in the face of last week's PMIs will understandably be seen as making a 'package' of MPC policy easing in August 'a slam dunk', even though it is anything but clear where the BoE should be targeting its moves. Crusts will be hard earnt, and outside of the hubristic community, more via luck than judgement in any rational assessment. On the card are the overnight South Korea Q2 GDP ahead of UK June BBA Mortgage Approvals (best taken with more than a pinch of salt), ahead of US Markit Services PMI, Consumer Confidence and New Home Sales. Q2 Corporate Earnings reports will be plentiful both in the US and Europe, while the US sells US$ 34.0 Bln of a new 5-yr Treasury Note, and the UK will likely launch its syndicated Index-linked 2065 sale.
** U.S.A. - Services PMI, Consumer Confidence & New Home Sales **
- As has been well documented, the run of incoming US data across most sectors points to an economy that is "humming along", and while clearly not overheating, the question remains whether ultra-accommodative "emergency levels" of rates and liquidity largesse are really needed, or are indeed beneficial. The Markit Services PMI due today is projected to edge up to 52.0, still below April's 52.8, and suggesting a rather more sluggish pace activity than the better established, and more broadly followed ISM measure (last 56.5, best since November). While playing into many commentators' (perhaps self-serving) downbeat assessment of US economic prospects, this is perhaps best ignored. Last month's Consumer Confidence surge to 98.0 from a rather too gloomy 92.4 in May caught many offside, though the economy's nay-sayers clearly want to persist with their negative posture, looking for a modest slip to 96.0. As ever the Labour Differential (Jobs "Plentiful" minus "Hard to Get") will attract some attention, having been broadly stable in recent months, but only very marginally positive at 0.1 in June. Persistently historically super low levels of weekly jobless claims (last 253K) would suggest some scope for improvement). Last but not least New Home Sales are expected to rebound mdoestly (1.6% m/m) from an unexpectedly 'large' 6.0% m/m fall in May, though the series relatively small "sample population" make it inherently volatile.
from Marc Ostwald
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
cable updated
