35854 replies to this topic

[Plasma]

Was up 166 pips after three trades....sat through that 200+ point dip. And then late afternoon....gave back 100 points due to some finger trouble

[Sunesis]

Dudley the dove to follow in Grandma’s footsteps

 

At 19h15 New York Fed president William Dudley speaks

 

For his last few outings he’s been pimping that the Fed may not raise rates even after hitting the unemployment target, even stating that it could be a number of years before they do so. He’s also a keen speaker on regulation so we can probably expect to hear him touching on that as well. He’s one of the super doves and so we probably won’t get anything different from him today. If he plays down the recent jobs data and continues his dovish tones and matches what Yellen said last week, then we may see some volitility.

 

There’s a Q&A session after the speech so he may well be asked about Janet Yellen’s performance last week also.

[Beorn]

Thanks Jakes - you also see bigger upside breakout next two days? ( I mean if a icebear says that! it means something here!)

 

I will be guessing,

But I suspect we might see a bit of red in the morning and then continue higher.

 

Quike stat I heard on Bloomberg.

For this year, DJ has hit record high 1 in every 4 days. averaged out of course, but what a bull run.

 

Yes Yellen,,,,,, nothing bubbly here. 

[Sunesis]

FED Dudley speaks @19h15. He is a dove. 

If he sounds a little hawkish, expect the market to pullback.

Markets don't like doves to be hawkish.

 

Volitility expected

[OceanWalz]

Pull up a chart of ZAR/$ or ZAR/GBP. and see why we only shot up latr.

Thanks Jakes - you also see bigger upside breakout next two days? ( I mean if a icebear says that! it means something here!)

[Beorn]

Pull up a chart of ZAR/$ or ZAR/GBP. and see why we only shot up latr.

[davidp13]

This is how onr starts a week! A blue Monday...IG joke

[RBM]

Closed at 40755, missed the spike past 40800... ah well...

You haven't missed anything the party has just begun!

[gringots]

Took another almi at 40601.... dont think I should of done that....

 

 

long almi at 40540

 

Closed at 40755, missed the spike past 40800... ah well...

[RBM]

Pray for the bears, broke on the close just as i thought

 

Pray that we continue up through the night and  NOT return back to 40500...I think we will

[OceanWalz]

Thats the higher high..and the breakout...Argento your  target also 41000-41500?..I will check in again after a few days or when we hit those levels..Thanks guys

Chubby , far I know you mean the 41500 on the spot and A understand the Futures ?

[Sunesis]

Pray for the bears, broke on the close just as i thought

[RBM]

I know, but when other indices are going up and top40 just sits like a old dog , it makes me crazy

yeah makes us all crazy

[Sunesis]

Patience

I know, but when other indices are going up and top40 just sits like a old dog , it makes me crazy

[RBM]

Dow Jones Industrial Average hits 16,000 for 1st time; S&P 500 rises to 1,800 at US market open

 

Top40 is stuck, pethetic

Patience

[Redeemer]

Ok, closing 80% of my longs here. Made enough for the day!

[Sunesis]

Dow Jones Industrial Average hits 16,000 for 1st time; S&P 500 rises to 1,800 at US market open

 

Top40 is stuck, pethetic

[OceanWalz]

jsut a beside from the web and sure to affect our markets too, and  don't forget other nations are , and have been, also "printing" money , not only US:

 

"The holidays are coming to the markets"

Activity in recent weeks confirms the idea that printing huge amount of new money by local central banks is now fully incorporated into all major stock markets around the world. This easy money policy is now a major tool used in every developed economy. Also, some emerging markets’ central banks mimic this tactic.

It is well known that the United States Federal Bank expands its balance sheet with billions every month. This is the most monitored central bank in the world. Every commentary reports how easy it is for the Fed to print money now. Then, they go on to say it will eventually debase the USD, and we’ll see inflation.

There is also another aspect to this situation: much more printing by other major central banks. The European Central Bank eased monetary policy again in its latest meeting with indications that further easing will come.

The Swiss central bank is printing CHF to keep the EURCHF exchange rate at the 1.20 level. This bank has printed money for several years already, and there’s no debasement of CHF. 

The Chinese central bank also printed huge amounts of their local currency, the yuan, to keep its strength slow and gradual.

And, of course, Japan. The Japanese central bank pushed the value of the yen down in an attempt to create some inflation in Japan.
Many of these banks print more money than the U.S. Fed. The problem with all these activities is that this money does not affect the real economy because banks are reluctant to provide more loans. This money is for speculation and flows into the stock markets. 

And so, the markets enjoy a bullish situation that moves major indexes and many stock prices up. I think it can last longer than we imagine. Maybe the holidays are already coming to the markets.

 

[OceanWalz]

Cutting rates will not do S#!t for EU econ

I agree and EU knows that - the marginal efficiency of using such a tool deminishes with extensive use - esp here where it is so low already - it wont encourage people to save rather to spend and buy cheaper imports 

 

but one the reserve banks of nations printing makes us happy traders (while keeping a lookout for the bears in our rear view mirror less they confront tus with reality of the situation 'sans' free money from Fed - and it is easy to forget that other nations are oiling their money 'prinitng mechanisms' as it chugs near burning point -

[RBM]

LOL...