Da.DesiTrader
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Stopped out with 2 points profit.
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Da.DesiTrader
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Ok. Shorted again at 5330 and now stuck with it with a stop above 5400. There is no recession, we HAVE RECOVERED!
sujithsstorock
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fast trader7
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Hello,
Paddy power says 100% of people are short on Rio tinto!! they are also short on dax and ftse ..more than 60%
surprising considering the move today
Paddy power says 100% of people are short on Rio tinto!! they are also short on dax and ftse ..more than 60%
surprising considering the move today
I dont think too many people trade Rio through paddy power.. could be just the 1 player who's short!..I think anything above 80% on the indices is worth keeping an eye out for though.
Da.DesiTrader
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On a week like today, maybe punters are driving most of the market, so perhaps something to keep in mind?
SabreTT
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Stay Frosty
'The weaker the economy is, the better stocks do because of currency declining the price goes up' is something Marc Faber said which does sound funny but has basically been true so far
The value of stocks may have been declining since Sept.
'The weaker the economy is, the better stocks do because of currency declining the price goes up' is something Marc Faber said which does sound funny but has basically been true so far
The value of stocks may have been declining since Sept.
Dentalfloss
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market does not want to take the dollar higher just yet..
60 min data plot
udn.dollar index bullish etf
60 min data plot
udn.dollar index bullish etf
thomasdias
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NB: i dont think so...a short wud be a perfect short bt not for long time...
dr.blix
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ooh, dentist...you're a forum guide...did you get a uniform with that job? :cheesy:
Dentalfloss
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blixey..
no uniform only a badge
no uniform only a badge
Dentalfloss
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SINGAPORE (MarketWatch) -- Asian stock markets were mixed Tuesday despite solid gains on Wall Street Monday, with concerns about the economic outlook taking shares down in Tokyo.
Australia's S&P/ASX 200 was down 0.2% with Japan's Nikkei 225 off 0.5% (after that market was shut for a holiday Monday) and South Korea's Kospi Composite down 0.9%, though China's Shanghai Composite Index rose 0.3%. Dow Jones Industrial Average futures were 24 points lower in screen trade.
ANZ bank analysts said markets were still volatile as investors tried to gauge the outlook for the global economy. "In this type of trading environment, it is hard to imagine any reduction in volatility," they said.
In Japan, the market "seems to be left behind. Worries over deflation and uncertainty in economic policies will continue to put off investors (for the time being)," said Mizuho Securities market analyst Yukio Takahashi.
Data due later in the week from Japan was forecast in a Dow Jones Newswires poll of economists to show the core consumer price index fell 2.2% on the year in October, after a 2.3% decline the previous month, with Tokyo core CPI for November expected to have fallen 2.0%.
Insurers and nonbank financial stocks were weak with Takefuji down 4.3% and Aiful off 2.9%, while Japan Airlines dropped 6.3% to a new all-time low.
Resource shares were mostly higher in the region on the recent rise in commodity prices, with Sumitomo Metal Mining up 0.6% and Mitsubishi Materials up 2.4% in Tokyo.
Mining shares were also up in Sydney, with Woodside Petroleum advancing 2.9%. Woodside was boosted by a report in the Australian Financial Review which flagged a potential joint bid from Shell and BHP Billiton. BHP was down 0.5% and Rio Tinto fell 0.8%, possibly on profit-taking.
In the Philippines, gold miner Philex was up 2.7% and Century Peak Metals rose 8.6% while in Hong Kong, Chalco gained 0.5% and Jiangxi Copper was up 0.7%.
Hong Kong's Hang Seng Index slipped into the red after opening up and was trading 0.4% lower on concerns over possible tightening measures after the China Banking Regulatory Commission issued a stern warning to banks to strictly comply with capital requirements or face sanctions. The regulator said banks that fail to comply with capital adequacy requirements by the end of this year could be punished with limits on market access, overseas investments and new branches. "Tightening concerns won't go away and China banks are likely to" continue underperforming in the near-term, said Mark To at Prudential. China Construction Bank was down 1.5% while Bank of China fell 2.1%.
In the rest of the region, Taiwan shares were up 0.3%, New Zealand's NZX-50 was up 0.1%, Singapore's Straits Times Index was 0.2% lower and Malaysia's Kuala Lumpur Composite Index gained 0.2%. In Indonesia, shares were down 0.1%, while Philippine shares were up 0.7%. In Thailand, shares were down 0.1%.
Australia's S&P/ASX 200 was down 0.2% with Japan's Nikkei 225 off 0.5% (after that market was shut for a holiday Monday) and South Korea's Kospi Composite down 0.9%, though China's Shanghai Composite Index rose 0.3%. Dow Jones Industrial Average futures were 24 points lower in screen trade.
ANZ bank analysts said markets were still volatile as investors tried to gauge the outlook for the global economy. "In this type of trading environment, it is hard to imagine any reduction in volatility," they said.
In Japan, the market "seems to be left behind. Worries over deflation and uncertainty in economic policies will continue to put off investors (for the time being)," said Mizuho Securities market analyst Yukio Takahashi.
Data due later in the week from Japan was forecast in a Dow Jones Newswires poll of economists to show the core consumer price index fell 2.2% on the year in October, after a 2.3% decline the previous month, with Tokyo core CPI for November expected to have fallen 2.0%.
Insurers and nonbank financial stocks were weak with Takefuji down 4.3% and Aiful off 2.9%, while Japan Airlines dropped 6.3% to a new all-time low.
Resource shares were mostly higher in the region on the recent rise in commodity prices, with Sumitomo Metal Mining up 0.6% and Mitsubishi Materials up 2.4% in Tokyo.
Mining shares were also up in Sydney, with Woodside Petroleum advancing 2.9%. Woodside was boosted by a report in the Australian Financial Review which flagged a potential joint bid from Shell and BHP Billiton. BHP was down 0.5% and Rio Tinto fell 0.8%, possibly on profit-taking.
In the Philippines, gold miner Philex was up 2.7% and Century Peak Metals rose 8.6% while in Hong Kong, Chalco gained 0.5% and Jiangxi Copper was up 0.7%.
Hong Kong's Hang Seng Index slipped into the red after opening up and was trading 0.4% lower on concerns over possible tightening measures after the China Banking Regulatory Commission issued a stern warning to banks to strictly comply with capital requirements or face sanctions. The regulator said banks that fail to comply with capital adequacy requirements by the end of this year could be punished with limits on market access, overseas investments and new branches. "Tightening concerns won't go away and China banks are likely to" continue underperforming in the near-term, said Mark To at Prudential. China Construction Bank was down 1.5% while Bank of China fell 2.1%.
In the rest of the region, Taiwan shares were up 0.3%, New Zealand's NZX-50 was up 0.1%, Singapore's Straits Times Index was 0.2% lower and Malaysia's Kuala Lumpur Composite Index gained 0.2%. In Indonesia, shares were down 0.1%, while Philippine shares were up 0.7%. In Thailand, shares were down 0.1%.
Dentalfloss
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asia overnight
all red ink
Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,708.20 5:47am -31.00 (-0.65%) Chart, Components, more...
^BSESN BSE 30 (India) 17,065.04 7:03am -115.14 (-0.67%) Chart, more...
^HSI Hang Seng (Hong Kong) 22,432.32 6:58am -339.07 (-1.49%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,462.87 7:13am -18.54 (-0.75%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,270.54 7:13am -0.34 (-0.03%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,107.61 4:01am -5.36 (-0.17%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 9,401.58 6:00am -96.10 (-1.01%) Chart, more...
^NSEI S&P CNX NIFTY (India) 5,064.05 7:13am -39.50 (-0.77%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,606.42 6:02am -12.63 (-0.78%) Chart, Components, more...
000001.SS Shanghai Composite (China) 3,224.49 6:58am -114.17 (-3.42%) Chart, Components, more...
^STI Strait Times (Singapore) 2,785.99 6:58am -11.89 (-0.42%) Chart, Components, more...
shanghai minus 3.4%
nikkei -1%
all red ink
Asia/Pacific Last Trade Change Related Information
^AORD All Ordinaries (Australia) 4,708.20 5:47am -31.00 (-0.65%) Chart, Components, more...
^BSESN BSE 30 (India) 17,065.04 7:03am -115.14 (-0.67%) Chart, more...
^HSI Hang Seng (Hong Kong) 22,432.32 6:58am -339.07 (-1.49%) Chart, Components, more...
^JKSE Jakarta Composite (Indonesia) 2,462.87 7:13am -18.54 (-0.75%) Chart, Components, more...
^KLSE KLSE Composite (Malaysia) 1,270.54 7:13am -0.34 (-0.03%) Chart, Components, more...
^NZ50 NZSE 50 (New Zealand) 3,107.61 4:01am -5.36 (-0.17%) Chart, Components, more...
^N225 Nikkei 225 (Japan) 9,401.58 6:00am -96.10 (-1.01%) Chart, more...
^NSEI S&P CNX NIFTY (India) 5,064.05 7:13am -39.50 (-0.77%) Chart, more...
^KS11 Seoul Composite (South Korea) 1,606.42 6:02am -12.63 (-0.78%) Chart, Components, more...
000001.SS Shanghai Composite (China) 3,224.49 6:58am -114.17 (-3.42%) Chart, Components, more...
^STI Strait Times (Singapore) 2,785.99 6:58am -11.89 (-0.42%) Chart, Components, more...
shanghai minus 3.4%
nikkei -1%
Dentalfloss
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In foreign exchange markets, the euro was slipping as gold prices came off their highs. The single currency was at $1.4942 from $1.4964 in New York Monday and at Y132.78 from Y133.22. The U.S. dollar was at Y88.88 from Y89.02.
Traders however said the U.S. dollar's outlook remained bearish.
"The fundamental picture for the U.S. dollar is still not strong; the Fed is unlikely to move on rates anytime soon and U.S government yields remain near record lows," said Danica Hampton, a strategist at the Bank of New Zealand.
She said ahead of the U.S. Thanksgiving holiday on Thursday currency markets would be focused on the raft of coming U.S. data, including third quarter gross domestic product, consumer confidence reports and the Federal Open Market Committee minutes.
Japanese government bonds were likely to remain in a tight range for the next two weeks until the end of November on a lack of fresh cues.
Lead December JGB futures were last up 0.13 point at 139.38. Mizuho Securities senior market analyst Makoto Noji said: "The market shouldn't rule out the possibility that long-term yields may jump, despite the (government's) declaration of deflation, as key government officials have changed comments about JGB issuance increases again and again."
The London Mercantile Exchange 3-month copper contract was down $27 at $6,918 per ton from the PM kerb.
Spot gold was at $1,163.85 per troy ounce, down 25 cents from the New York close after rising to new highs above $1,170 Monday. But HSBC analyst James Steel said expectations the Fed would keep U.S. monetary policy loose for some time would support gold.
Traders however said the U.S. dollar's outlook remained bearish.
"The fundamental picture for the U.S. dollar is still not strong; the Fed is unlikely to move on rates anytime soon and U.S government yields remain near record lows," said Danica Hampton, a strategist at the Bank of New Zealand.
She said ahead of the U.S. Thanksgiving holiday on Thursday currency markets would be focused on the raft of coming U.S. data, including third quarter gross domestic product, consumer confidence reports and the Federal Open Market Committee minutes.
Japanese government bonds were likely to remain in a tight range for the next two weeks until the end of November on a lack of fresh cues.
Lead December JGB futures were last up 0.13 point at 139.38. Mizuho Securities senior market analyst Makoto Noji said: "The market shouldn't rule out the possibility that long-term yields may jump, despite the (government's) declaration of deflation, as key government officials have changed comments about JGB issuance increases again and again."
The London Mercantile Exchange 3-month copper contract was down $27 at $6,918 per ton from the PM kerb.
Spot gold was at $1,163.85 per troy ounce, down 25 cents from the New York close after rising to new highs above $1,170 Monday. But HSBC analyst James Steel said expectations the Fed would keep U.S. monetary policy loose for some time would support gold.
Dentalfloss
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The FTSE is seen giving back around 25 points of yesterday’s sharp gains as the US markets came off the
intraday highs into the close yesterday
from gni research
intraday highs into the close yesterday
from gni research
Also Nikkei was down 1% led lower by financials.. i wonder if we will be led lower by the same sector today ?.. plenty of data out later but i guess it's going to be all about the USD..again!
wallstreet1928
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wallstreet1928
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nice uniform
Dentalfloss
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i forgot to mention the £50k a month salary
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