Dentalfloss
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and bounce from our 11140
luvin it
Trading with point and figure
- Thread starter Dentalfloss
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luvin it
Just seen this, they didn't need much tightening, that and £/Y been superb of late.
Moneylender
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Dentalfloss
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Dentalfloss
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19860-19872 is a massive rez area
it activates an upward count of 20100
19800-19860....seems to be an intermed rez
it activates an upward count of 20100
19800-19860....seems to be an intermed rez
Dentalfloss
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Moneylender
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Had I been awake overnight I might have been tempted to jump the gun at 19850 ish. Hindsight is a brilliant trader signal mind!!! lol
Or 11360 quoted on Dax!
Moneylender
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Good morning. Happy Monday. Hope you had a great weekend.
The Asian/Pacific markets closed with a lean to the downside. China dropped 2.5%, Hong Kong 1.4%, and India and Taiwan were also weak. Japan did well. Europe is currently mixed and little changed. Norway, Russia, Finland and Italy are doing well. Poland, Turkey and Denmark are weak. Futures in the States point towards a flat open for the S&P and a down open for the Nas.
Leavitt bros
The Asian/Pacific markets closed with a lean to the downside. China dropped 2.5%, Hong Kong 1.4%, and India and Taiwan were also weak. Japan did well. Europe is currently mixed and little changed. Norway, Russia, Finland and Italy are doing well. Poland, Turkey and Denmark are weak. Futures in the States point towards a flat open for the S&P and a down open for the Nas.
Leavitt bros
Dentalfloss
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6950 became rez and wham into our 6888 supp area
Dentalfloss
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19740 supp worked well today
Last edited:
Dentalfloss
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cable....excellent today
eurusd also
eurusd also
Dentalfloss
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usd weak...
usdjpy dumped at 116 area
usdjpy dumped at 116 area
Dentalfloss
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mornin folks
Dentalfloss
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- Digesting China monthly growth indicators ahead of UK inflation run,
German ZEW survey, US NFIB Small Business Optimism and Import Prices;
ECB speak, IEA monthly Oil Market and OPEC's Barkindo speech; US 30-yr
and Austria 10-yr auctions
- UK CPI: petrol, food and clothing prices seen pacing modest m/m rise,
some upside risks
- UK PPI: Input prices seen getting some respite in m/m terms, but still
accelerating sharply y/y; pass through to Output prices still seen
modest
- US NFIB Small Business optimism: expected to echo jump in optimism seen
in other surveys, forecast looks for an 18-month high
- US Import Prices: energy prices expected to drag headline lower,
ex-petroleum prices seen broadly flat
..........................................................................
********************
** EVENTS PREVIEW **
********************
A busier day awaits with the initial focus on digesting the run of data from China, while ahead lie the full gamut of UK inflation data, Italian Industrial Production, the German ZEW survey (seen steady vs Nov readings), Indian CPI (seen slipping to a below RBI target 3.9% y/y), and in the U.S. NFIB Small Business Optimism and Import Prices, while tonight brings Japan's Q4 Tankan. On the policy side of the equation, there is some ECB speak, the IEA monthly Oil Market Report and a discussion on OPEC’s outlook for medium and long-term oil supply with OPEC Secretary General Barkindo, while Chile's central bank is seen holding its key policy rate at 3.50%. On the bond auction front, Austria sells 10-yr and the US completes this week's funding exercise with USD 12 Bln of 30-yr (re-opening).
** China - Nov Retail Sales, Industrial Production, FAI **
- Overall a relatively solid set of monthly growth indicators, with 'Single's Day' providing a big boost to Retail Sales at 10.8% y/y against expectations of 10.2%, though some of the increase was likely attributable to higher prices as seen in CPI (this being a value rather than volume measure). Both Industrial Production and Fixed Asset Investment were largely as expected at 6.2% and 8.3% y/y respectively, though the latter saw a further modest pick-up in Private Sector investment to 3.1% y.t.d. from 2.9%. The extent to which both are heavily reliant on a rapid pace of government spending was evident in the monthly budget data, which saw expenditure up 12.2% y/y, with one think tank projecting the 2017 budget deficit at a higher 3.5% of GDP, if the economy is to grow at the targetted 6.5% y/y pace. The lacklustre pace of growth in government revenues at just 3.1%, way below the reported 6.7% y/y pace of GDP is a further indication that the economy continues to be heavily reliant on fiscal stimulus, as well as underlining the need to rein in capital outflows.
** U.K. - November CPI, RPI and PPI **
- UK CPI and RPI are both seen rising 0.2% m/m, which would see y/y rates tick up to 1.1% from 0.9% and 2.1% from 2.0% respectively, in both cases still relatively restrained, but clearly trending higher. In risk terms, a relatively sharp jump in petrol prices (ca. 1.5% m/m) and higher food and clothing prices suggest the potential for a higher than expected outturn. PPI Output is expected to see a marked acceleration in y/y terms to 2.5% from 2.1%, in part due to base effects, with PPI Input seen falling 0.5% m/m, in part due to seasonal factors, but accelerating to 13.5% y/y from 12.2%, which would be the highest reading since October 2011.
** U.S.A. - Nov NFIB Small Business Optimism **
- The NFIB Small Business Optimism has some elevated significance this month, with forecasters looking for a relatively sharp pick-up to 96.5 from 94.9, thus mirroring the optimistic signals from other surveys, and if the consensus is correct, this would be the highest reading since May 2015. While Import and Export Prices tend to be largely ignored by markets, but offer some pointers for PPI (tomorrow) and to a lesser extent CPI (Thursday). The consensus looks for a 0.4% m/m fall in headline Import Prices predicated on the setback in oil/energy prices (reversing a sizeable gain in October), which may prove to be a larger drag than anticipated, though the ex-petroleum measure should be broadly flat, after a protracted period of being very subdued in recent months.
from Marc Ostwald
German ZEW survey, US NFIB Small Business Optimism and Import Prices;
ECB speak, IEA monthly Oil Market and OPEC's Barkindo speech; US 30-yr
and Austria 10-yr auctions
- UK CPI: petrol, food and clothing prices seen pacing modest m/m rise,
some upside risks
- UK PPI: Input prices seen getting some respite in m/m terms, but still
accelerating sharply y/y; pass through to Output prices still seen
modest
- US NFIB Small Business optimism: expected to echo jump in optimism seen
in other surveys, forecast looks for an 18-month high
- US Import Prices: energy prices expected to drag headline lower,
ex-petroleum prices seen broadly flat
..........................................................................
********************
** EVENTS PREVIEW **
********************
A busier day awaits with the initial focus on digesting the run of data from China, while ahead lie the full gamut of UK inflation data, Italian Industrial Production, the German ZEW survey (seen steady vs Nov readings), Indian CPI (seen slipping to a below RBI target 3.9% y/y), and in the U.S. NFIB Small Business Optimism and Import Prices, while tonight brings Japan's Q4 Tankan. On the policy side of the equation, there is some ECB speak, the IEA monthly Oil Market Report and a discussion on OPEC’s outlook for medium and long-term oil supply with OPEC Secretary General Barkindo, while Chile's central bank is seen holding its key policy rate at 3.50%. On the bond auction front, Austria sells 10-yr and the US completes this week's funding exercise with USD 12 Bln of 30-yr (re-opening).
** China - Nov Retail Sales, Industrial Production, FAI **
- Overall a relatively solid set of monthly growth indicators, with 'Single's Day' providing a big boost to Retail Sales at 10.8% y/y against expectations of 10.2%, though some of the increase was likely attributable to higher prices as seen in CPI (this being a value rather than volume measure). Both Industrial Production and Fixed Asset Investment were largely as expected at 6.2% and 8.3% y/y respectively, though the latter saw a further modest pick-up in Private Sector investment to 3.1% y.t.d. from 2.9%. The extent to which both are heavily reliant on a rapid pace of government spending was evident in the monthly budget data, which saw expenditure up 12.2% y/y, with one think tank projecting the 2017 budget deficit at a higher 3.5% of GDP, if the economy is to grow at the targetted 6.5% y/y pace. The lacklustre pace of growth in government revenues at just 3.1%, way below the reported 6.7% y/y pace of GDP is a further indication that the economy continues to be heavily reliant on fiscal stimulus, as well as underlining the need to rein in capital outflows.
** U.K. - November CPI, RPI and PPI **
- UK CPI and RPI are both seen rising 0.2% m/m, which would see y/y rates tick up to 1.1% from 0.9% and 2.1% from 2.0% respectively, in both cases still relatively restrained, but clearly trending higher. In risk terms, a relatively sharp jump in petrol prices (ca. 1.5% m/m) and higher food and clothing prices suggest the potential for a higher than expected outturn. PPI Output is expected to see a marked acceleration in y/y terms to 2.5% from 2.1%, in part due to base effects, with PPI Input seen falling 0.5% m/m, in part due to seasonal factors, but accelerating to 13.5% y/y from 12.2%, which would be the highest reading since October 2011.
** U.S.A. - Nov NFIB Small Business Optimism **
- The NFIB Small Business Optimism has some elevated significance this month, with forecasters looking for a relatively sharp pick-up to 96.5 from 94.9, thus mirroring the optimistic signals from other surveys, and if the consensus is correct, this would be the highest reading since May 2015. While Import and Export Prices tend to be largely ignored by markets, but offer some pointers for PPI (tomorrow) and to a lesser extent CPI (Thursday). The consensus looks for a 0.4% m/m fall in headline Import Prices predicated on the setback in oil/energy prices (reversing a sizeable gain in October), which may prove to be a larger drag than anticipated, though the ex-petroleum measure should be broadly flat, after a protracted period of being very subdued in recent months.
from Marc Ostwald
Dentalfloss
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dow in mega rez..now
Dentalfloss
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DOW updated
Moneylender
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Morning boss.
Dow going higher from here, 19830?
Dow going higher from here, 19830?
Dentalfloss
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change inputs
Dentalfloss
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long columns=intense trend...these cannot be maintained for long periods
