Dentalfloss
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cable...nice dump into our supp area we marked....
.then...
what a rally
luvin it
.then...
what a rally
luvin it
Trading with point and figure
- Thread starter Dentalfloss
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Dentalfloss
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cable in rez
Dentalfloss
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ftse should be in supp
lol... where on earth do you get them Dentist
Nice trade on cable today from 1.242 (closed now).... and WTI (still open from 5233)... planets aligned... doesn't happen very often...
Dentalfloss
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1.0812 so far on eurusd
we had 1.0850 area on the cards a week or so ago
we had 1.0850 area on the cards a week or so ago
Dentalfloss
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dow in a supp area
2 weeks of data
2 weeks of data
Dentalfloss
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supp from that chart was in 19800 area
rez is prev supp...starting at 19860..ish
19888 ish to 19900 bigger rez
rez is prev supp...starting at 19860..ish
19888 ish to 19900 bigger rez
Dentalfloss
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Dentalfloss
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mornin folks
all well,i hope
lets get pipping
all well,i hope
lets get pipping
Moneylender
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Morning boss, I am well, how is your man flu? Swissy appears to have succumbed.
Dentalfloss
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getting better...finally
Dentalfloss
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dow in a dead cat bounce..??
or start of a nre uptrend..??
30 min bar chart
downmove from 25 th Jan
or start of a nre uptrend..??
30 min bar chart
downmove from 25 th Jan
Dentalfloss
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cable to pump or dump 1.2600
1.2580 first
1.2580 first
Dentalfloss
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- Politics still in the driving seat as new month gets under way; focus on
FOMC, Manufacturing PMIs, US ADP Employment, Construction Spending and
Auto Sales; Corporate earnings again plentiful; Germany to sell 5-yr
- PMIs: Improvement in Asia readings still rather modest, by comparison
with expected continued strength in Europe and USA
- Fed: no policy changes expected, data dependency and domestic,
international uncertainties to be underlined, may wait for a press
conference meeting to change wording on balance sheet
- US ADP Employment: solid if unspectacular gain see, but forecasts
look as agnostic as ever
..........................................................................
********************
** EVENTS PREVIEW **
********************
It is probably a signal moment in the post-GFC era, which has been so heavily dominated by central banks and their policy actions, that today's FOMC meeting is perceived to be at best a 'walk on' type role relative to the currently dominant theatre of politics. Outside of the policy arena, it is of course the first trading day of a new month, and therefore it is Manufacturing PMI day globally, though the remaining statistical accompaniment may be of greater significance, ranging from the overnight UK BRC Shop Price Index and Korea Trade data to digest ahead of US ADP Employment, Construction Spending and Auto Sales. Corporate earnings will again be plentiful, featuring Facebook amongst others in the US, while the govt bond auction calendar sees Germany sell a new 5-yr OBL. The sharp setback in the BRC's Shop Price Index to -1.7% y/y from December's -1.4% and an expected -1.0% runs completely counter a broad array of anecdotal evidence, and implies a dramatically sharper level of seasonal discounts relative to January 2016, for which there is little corroborating evidence. However it will perhaps some comfort to the BoE's MPC, which starts its two day Q1 Inflation Report meeting today.
** World - Jan Manufacturing PMIs **
- The run of Asian PMIs, with the exception of South Korea, showed some modest improvements, but do not signal a marked pick-up in activity, as the run of European and US sector surveys have over recent months. That latter trend is expected to be sustained, with the focus in Europe on Spain, Italy and the UK, where readings of 55.1, 53.4 and 55.9 are anticipated, though as with the US, the buoyancy of recent sector surveys has so far only seen a partial and patchy improvement in official statistics. The US Manufacturing ISM is forecast to edge up to 55.1 from December's 2-yr high of 54.7, which would echo the uptick in the Markit version, as well as generally stronger regional Fed surveys, and the solid rise in core Durable Goods Orders measures over the past two months. There is some risk that the optimism evident since the election might wane as the details of the Trump regime's policy become clearer, though that is probably more a risk in the next two months.
** U.S.A. - FOMC Meeting **
- No changes in policy are expected from the Fed, but the statement likely to signal all meetings are 'live', with the wording on economic outlook being closely eyed in terms of being at 'target' and balance of risks, probably couched in terms of needing time to assess the implications of fiscal policy for monetary policy, as well as underlining the usual data dependency and doubtless numerous uncertainties internationally. There will be no press conference, and as such the statement will be very closely watched, especially any (unlikely) changes to the wording on the composition of its balance sheet, given that numerous references to the possibility of reducing its size have been made by various Fed speakers. That said, the FOMC has a rather more dovish complexion this year with the exit of arch hawks George and Mester, and nouveau hawk Rosengren, to be replaced by the very dovish Evans joined by the 'new boy' Harker, Kaplan & Kashkari, who are seen as broadly neutral. For a deeper discussion of the outlook for Fed policy, see Stephen Lewis' attached Economic Insights from last week 'The Fed resists rules'.
** U.S.A. - Jan ADP Employment / Auto Sales **
- As is now often the case, the forecast for ADP's Private employment estimate at 165K is essentially in line with the recent averages, and by extension 'agnostic'. Nevertheless that sort of pace of employment gains is well above the breakeven pace of payrolls growth, which is currently in the region of 80-100K per month. Auto Sales are projected to have slowed from the heady pace of December's 18.29 Mln SAAR to a still very robust 17.5 Mln, with industry estimates pitched slightly higher around 17.8 Mln. It is probably worth noting that January sales for the past three years have seen a marked slowdown (m/m) from December for car sales, but a pick-up in 'light trucks'.
from Marc Ostwald
FOMC, Manufacturing PMIs, US ADP Employment, Construction Spending and
Auto Sales; Corporate earnings again plentiful; Germany to sell 5-yr
- PMIs: Improvement in Asia readings still rather modest, by comparison
with expected continued strength in Europe and USA
- Fed: no policy changes expected, data dependency and domestic,
international uncertainties to be underlined, may wait for a press
conference meeting to change wording on balance sheet
- US ADP Employment: solid if unspectacular gain see, but forecasts
look as agnostic as ever
..........................................................................
********************
** EVENTS PREVIEW **
********************
It is probably a signal moment in the post-GFC era, which has been so heavily dominated by central banks and their policy actions, that today's FOMC meeting is perceived to be at best a 'walk on' type role relative to the currently dominant theatre of politics. Outside of the policy arena, it is of course the first trading day of a new month, and therefore it is Manufacturing PMI day globally, though the remaining statistical accompaniment may be of greater significance, ranging from the overnight UK BRC Shop Price Index and Korea Trade data to digest ahead of US ADP Employment, Construction Spending and Auto Sales. Corporate earnings will again be plentiful, featuring Facebook amongst others in the US, while the govt bond auction calendar sees Germany sell a new 5-yr OBL. The sharp setback in the BRC's Shop Price Index to -1.7% y/y from December's -1.4% and an expected -1.0% runs completely counter a broad array of anecdotal evidence, and implies a dramatically sharper level of seasonal discounts relative to January 2016, for which there is little corroborating evidence. However it will perhaps some comfort to the BoE's MPC, which starts its two day Q1 Inflation Report meeting today.
** World - Jan Manufacturing PMIs **
- The run of Asian PMIs, with the exception of South Korea, showed some modest improvements, but do not signal a marked pick-up in activity, as the run of European and US sector surveys have over recent months. That latter trend is expected to be sustained, with the focus in Europe on Spain, Italy and the UK, where readings of 55.1, 53.4 and 55.9 are anticipated, though as with the US, the buoyancy of recent sector surveys has so far only seen a partial and patchy improvement in official statistics. The US Manufacturing ISM is forecast to edge up to 55.1 from December's 2-yr high of 54.7, which would echo the uptick in the Markit version, as well as generally stronger regional Fed surveys, and the solid rise in core Durable Goods Orders measures over the past two months. There is some risk that the optimism evident since the election might wane as the details of the Trump regime's policy become clearer, though that is probably more a risk in the next two months.
** U.S.A. - FOMC Meeting **
- No changes in policy are expected from the Fed, but the statement likely to signal all meetings are 'live', with the wording on economic outlook being closely eyed in terms of being at 'target' and balance of risks, probably couched in terms of needing time to assess the implications of fiscal policy for monetary policy, as well as underlining the usual data dependency and doubtless numerous uncertainties internationally. There will be no press conference, and as such the statement will be very closely watched, especially any (unlikely) changes to the wording on the composition of its balance sheet, given that numerous references to the possibility of reducing its size have been made by various Fed speakers. That said, the FOMC has a rather more dovish complexion this year with the exit of arch hawks George and Mester, and nouveau hawk Rosengren, to be replaced by the very dovish Evans joined by the 'new boy' Harker, Kaplan & Kashkari, who are seen as broadly neutral. For a deeper discussion of the outlook for Fed policy, see Stephen Lewis' attached Economic Insights from last week 'The Fed resists rules'.
** U.S.A. - Jan ADP Employment / Auto Sales **
- As is now often the case, the forecast for ADP's Private employment estimate at 165K is essentially in line with the recent averages, and by extension 'agnostic'. Nevertheless that sort of pace of employment gains is well above the breakeven pace of payrolls growth, which is currently in the region of 80-100K per month. Auto Sales are projected to have slowed from the heady pace of December's 18.29 Mln SAAR to a still very robust 17.5 Mln, with industry estimates pitched slightly higher around 17.8 Mln. It is probably worth noting that January sales for the past three years have seen a marked slowdown (m/m) from December for car sales, but a pick-up in 'light trucks'.
from Marc Ostwald
Moneylender
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Just had my January statement! I want a new POTUS every month please!!!
:smart::smart::cheesy::cheesy:
:smart::smart::cheesy::cheesy:
Also getting better slowly thank you.. under a strict regimen of Whiskey Mac and extremely spicy curries... kill or cure. Necessary for the pernicious UK climate.
Dentalfloss
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dow
Dentalfloss
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chhart is dow since 26/01
hit a wall of rez
as we said...is it a dead cat bounce or a start of an uptrend
difficult..
hit a wall of rez
as we said...is it a dead cat bounce or a start of an uptrend
difficult..
Last edited:
