Livingston nh 21:54 GMT July 9, 2014
Global Markets News
ib - there is no stomach nor desire for a USD alternative -- a loose affiliation against a single standard has never survived in any human endeavor // the Swiss had a chance a few years ago to stand against the US, protect their banks and they folded - the EU has been silent while the US DoJ extorts funds from EU member banks, even mighty France's President couldn't get Pres Obama to intervene in BNP (any Sovereign nation can forbid compliance w/ US law) -- so who or what affiliation will stand against SANCTIONS OR COMPLIANCE
Russia or China can credibly threaten War (a proper and appropriate response to economic interference - see Japan circa 1941) but who else -- the EU??
dc CB 21:27 GMT July 9, 2014
Marc Faber: The asset bubble has begun to burst
Mtl JP
the question always is: who is next. Who is the company that is as big a fraud as CYNK and will generate as great a profit in as short a time. For the easiest possible answer we simply found out who the company's "auditor" is (that would be Messineo & Co, CPA LLC located at the following address) and then we figured out which other companies also use this auditor for their own fraudulent purposes.
Our advice? Considering what a shitshow this "market" has become, you should take out a 3rd mortgage on your house, coupled with a 1st lien on your first-born, and use those proceeds along with emptying your bank account and maxing out your credit card at your local ATM, and to purchase an equal-weighed basket of the following fraudcaps. After all, they are guaranteed by Janet Yellen, who remember said the stock market is fairly valued, to go up by at least 150% in the next few days.
The full list is below.
ZH
Full List Of Companies "Audited" By CYNK's Public Auditor
Livingston nh 21:19 GMT July 9, 2014
Marc Faber: The asset bubble has begun to burst
So the Fed Staff mimics the inflation expectations of the DOTs provided by the BoG and Fed Presidents - shocked I am that a group of such otherwise TWO armed economists could come to such a ONE armed conclusion
These Minutes sound just like the Clown Car conversation in April
Mtl JP 21:11 GMT July 9, 2014
Global Markets News
so... ahead of the minutes players treaded water, to take a dip on the release of the minutes only to regain their grip and recover their climb on the perceptions that economic recovery is set to continue. Regardless of the run to 10-yr paper.
dc CB 21:10 GMT July 9, 2014
Marc Faber: The asset bubble has begun to burst
Just 2 days ago we highlighted the best example of the exuberance awash the markets currently - CYNK Technology Corp, the social media development company that had a market capitalization in excess of $1 billion, which according to official filings, had one employee, no website, no revenue, no product, and no assets.
Fast forward 2 days - and some 57,000 shares traded (about 0.02% of its total shares outstanding) at around $10 and CYNK now has a market cap approaching $3 billion (and still no revenue, no product, and no assets)...
Update 2: CYNK closed up 150%, at an all time high of $14.70, a market cap well over $4 billion.
This means it has a market cap higher than Dynegy, Federal Mogul, JetBlue or Buffalo Wild Wings.
Undisputable Bubble Insanity: No Revenue, No Assets Company Up Over $1 Billion (+110%) Today On 57K Shares Traded
Mtl JP 20:15 GMT July 9, 2014
Global Markets News
ib that sounds evolutionary
look at Brent .. at 108. 20-ish...
means "price stability" if not outright pricing deflation
eu pat 19:49 GMT July 9, 2014
usd
out of long eur/usd...have a nice day..
Paris ib 19:37 GMT July 9, 2014
Global Markets News
Euro sceptics are living in the twilight zone. They are out of touch in the biggest way. The international reserve currency reset is on its way - not that there will be A currency to replace the USD - no - the USD will lose its status and be replaced by a loose affiliation of alternatives....
Mtl JP 19:31 GMT July 9, 2014
Global Markets News
well deciding to join or resist the euro is not a clear choice yet and atm
Paris ib 19:24 GMT July 9, 2014
Global Markets News
JP - that's the plan: total world wide conformity.
Mtl JP 19:22 GMT July 9, 2014
Global Markets News
amazing - but not surprizing - ideas of further deeper integration and unformalization in EU.
"We are the EU. Your biological and technological distinctiveness will be added to our own. Resistance is futile."
Paris ib 19:17 GMT July 9, 2014
Risk On/Off Heat Map
nh - ooops.... hahahahhahahahaha. Right so what exactly is the problem with Portuguese yields then?
london red 19:05 GMT July 9, 2014
Risk On/Off Heat Map
given everything back since adp. market playing to yellens tune. inflation/wages are going to be key going forward.
london red 18:44 GMT July 9, 2014
Risk On/Off Heat Map
looking at 40 myself JP, but more of a trigger for further weakness than a trade. always been best to sell above the 200 day, too much draft below.
euro. 55 day crossing down through 200 day ma. this cross is always priced in ahead of time and around the cross the pair will retrace. so euro to be sold 51-70 stop over the figure as a trade to throw out there. target 13550/13490.
Mtl JP 18:35 GMT July 9, 2014
Risk On/Off Heat Map
pip for pip 10-yr paper rocking UP , usdyen diving down
usdyen bulls probably want 101.46 to hold support
london red 18:32 GMT July 9, 2014
Risk On/Off Heat Map
nearly half a point, testing week high, almost pre adp. might be a bridge too far for today. expect huge move if im wrong.
eu pat 18:26 GMT July 9, 2014
usd
so it is continue as I mentioned...but I was little confused after FOMC...so sorry that I post it here and confused some members...my position is buy eur/usd..next Draghi in a fev minutes...my position is on FB Forex and life...
Mtl JP 18:21 GMT July 9, 2014
Global Markets News
crude on the move ...
now down to around $102.20/bbl
GVI Forex Jay Meisler 18:21 GMT July 9, 2014
U.S. Fed Policy Minutes
Stocks up => bond yields dip => $ dips after initial blip
on no surprise FOMC minutes
london red 18:19 GMT July 9, 2014
usd
10 year took a moment and then dismissed the minutes, while yield keeps falling, you have to fancy dollar lower. res for euro 200 hour (current price) 51 and 70. up there would need a rethink.
dc CB 18:06 GMT July 9, 2014
Marc Faber: The asset bubble has begun to burst
dc CB 01:42 GMT July 9, 2014
Instead, Yellen et al ignore the intricate mechanisms that balance supply and demand; they want to force people to demand more. They have no interest in discovering prices; they want to impose their own prices. And they could care less what Mr. Market has to say; they only hear their own voices.
+++++++++++++++++++++++++++++++++++++++++++++++
FED STAFF CONTINUES TO FORECAST INFLATION REMAINING BELOW 2 PCT OBJECTIVE OVER NEXT FEW YEARS - MINUTES
eu pat 18:05 GMT July 9, 2014
usd
its mixed enough hawkish...stopped it...
Mtl JP 18:03 GMT July 9, 2014
Global Markets News
FED continues to plan to end its QE in October
london red 18:02 GMT July 9, 2014
minutes
looks slightly dollar bearish, no real inflation warnings
london red 17:59 GMT July 9, 2014
minutes
Reply
markets expecting a slight change in tone from current dovish, to less dovish (rather than hawkish). if as per last minutes, expect dollar weakness. if confirmed, dollar could catch a bid as its another chip to fall in place.
eu pat 17:59 GMT July 9, 2014
usd
Reply
Sell usdx
Entry: Target: Stop:
before FOMC...if opposite move I will add and sell again
Mtl JP 17:36 GMT July 9, 2014
Risk On/Off Heat Map
so mario yaks half hour after FED's minutes come out at top of the hour.
thinking that a discretionary eurchf short might drip a few posipips. above 1.2185 kills the idea
Livingston nh 17:23 GMT July 9, 2014
Risk On/Off Heat Map
ib - the link is a year old - I almost put a bid in for some of those yields in that story
___
Fed Minutes should be "balanced" --- something for everybody (i.e., there is No Plan)
GVI Forex john 17:03 GMT July 9, 2014
Risk On/Off Heat Map
10-yr 2.597%
bid-to-cover 2.57 vs 2.88
weak
Mtl JP 16:24 GMT July 9, 2014
Risk On/Off Heat Map
it appears Portugese yields are due in for some adjustments
apparently some inconvenient issues in the financial sector
SaaR KaL 16:17 GMT July 9, 2014
Day's Trades
EURUSD
1.3652 1.3584
SaaR KaL 15:59 GMT July 9, 2014
Day's Trades
Till friday
EURJPY 138.6796 137.5556 -->Should south till friday
GBPJPY 174.6825 172.3892
GBPCHF 1.5354 1.5175
AUDUSD 0.9461 0.9368
EURAUD 1.4545 1.4386
EURCAD 1.4647 1.4461
GVI Forex Jay Meisler 15:54 GMT July 9, 2014
Agree or Disagree? EURUSD
As posted on GVIForex - note, move back to 1.3630
Wednesday's Trading Outlook
GVI Forex Jay Meisler 15:36 GMT 07/09/2014 - My Profile
Charts show the 1.3660-65 area as next resistance so no obvious stops nearby other than above the day high (1.3642). if the high holds then range initially to 1.3630, which was the overnight high
GVI Forex john 15:42 GMT July 9, 2014
Risk On/Off Heat Map
Markets
have gone from a slight a risk-off to a slight risk-on posture
today. Equities sold-off ahead
of earnings season that started yesterday. Since then U.S. shares have
rebounded. on concerns that
stocks might be overpriced. The EURUSD is trying to distance
itself above the1.3600 level.
- Yields in prime Eurozone fixed income
markets are mostly steady. Yields on the European
periphery remain higher. The German 10-yr bund is 1.23%, 0bp.
- The U.K. 10-yr gilt yield is
2.67% +1bp. Odds favor one +25bp BOE short-term rate hike by
yearend.
- U.S.10-yr yield is 2.58%, +1 bp.
- Equities closed lower in the
Far East. Bourses in Europe are closing mixed. U.S. shares are higher.
The heat map color scheme
of interest rates reflects yields. This aligns all the colors in the
chart to reflect risk-on (green) and risk-off(red).
SaaR KaL 15:38 GMT July 9, 2014
Day's Trades
for the rest of week
eurusd 1.3668 1.3571
Cable 1.7195 1.7029
USDCHF 0.8960 0.8877
USDJPY 101.8857 100.9071
placing those GTC
both sides
London 15:20 GMT July 9, 2014
The risk-off mood continued
Reply
The risk-off mood continued yesterday with little apparent catalyst. True, the European data wasn’t all that great: Germany’s trade figures for May were disappointing, with both imports and exports falling month-on-month, and UK industrial output unexpectedly fell in May. But these figures were hardly enough to account for the large falls in all the major European bourses yesterday.
The US data on the other hand was relatively good, but that didn’t stop stocks from falling, bond yields moving lower and Fed Funds rate expectations retreating. The NFIB small business optimism survey was slightly disappointing, falling to 95.0 from 96.6 instead of rising to 97.0 as expected. But the “plan to hire” index rose to 12% from 10%, well above the average of 9%, so this was a good sign for the labor market. Adding to the good news on jobs, the Job Opening and Labor Turnover Survey (JOLTS) report was expected to show a drop in job openings but instead showed another rise to 4.635mn, just a bit below the pre-crash 2007 high of 4.657mn (record high was 5.273mn in January 2001).
More companies looking to hire, more job openings, it could mean higher wages and therefore earlier tightening. Plus US consumer credit once again surged as auto lending picked up, showing that consumers have more confidence to borrow and spend. But Fed Funds expectations for June 2017 were down 5 bps and US 10-year yields fell about 6 bps nonetheless, so clearly something else was at work yesterday. Once again the peak in rates was hit on payroll day, last Thursday, and yields have declined since, while Fed Funds rate expectations are now almost back to where they were the day before the NFP. We can’t even blame it on the increasing tensions in the Middle East as Brent this morning is back to levels last seen about a month ago
SaaR KaL 15:16 GMT July 9, 2014
Day's Trades
USDCHF
0.8951 0.8906
USDJPY
101.9233 101.5161
SaaR KaL 15:01 GMT July 9, 2014
Day's Trades
EURCAD
1.4558 1.4496
AUDUSD
0.9420 0.9366
SaaR KaL 14:57 GMT July 9, 2014
Day's Trades
GBPJPY Range
174.4973 173.5939
SaaR KaL 14:49 GMT July 9, 2014
Day's Trades
Cable shorts
1.7147 1.7070
SaaR KaL 14:45 GMT July 9, 2014
Day's Trades
short EURUSD here
till 13648
Long USDCAD Here
Livingston nh 14:42 GMT July 9, 2014
Risk On/Off Heat Map
Minutes releases in 2014 have seen higher 10 yr yields - jan 8 was the last time traded above 3%, closed below +4, Feb 19 +2, Apr 9 +~1, May 21 +3 just below today's lvl (on the way to low of the year)
keep in mind Minutes are well scrubbed b4 release
SaaR KaL 14:26 GMT July 9, 2014
Day's Trades
Short EURJPY here
GVI Forex Jay Meisler 14:15 GMT July 9, 2014
Agree or Disagree? EURUSD
FWIW EURUSD 1.36 has not traded, low 1.3602 (1.3600 has traded 4 days in a row coming into today, as noted in my video update)
EURUSD getting some support from ITS CROSSES (e.g. EURGBP above .7950 and bounce in EURJPY)
GVI Forex john 14:07 GMT July 9, 2014
Risk On/Off Heat Map
U.S. 10-yr 2.570%. We will be keeping an eye on the 10yr going into and after the Fed Minutes. We have a 10-yr auction today before the Fed.
GVI Forex Blog 14:03 GMT July 9, 2014
Reply
July 9, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, July 10. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: AU- Payrolls, CN- Trade, GB- Trade, Bank of England, 30-yr
GVI Forex Data Outlook for July 10, 2014
GVI Forex john 14:01 GMT July 9, 2014
Calendar -- Daily Forex Data News
Reply
July 9, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Thursday, July 10.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: AU- Payrolls, CN- Trade, GB- Trade, Bank of England, 30-yr
- Far East: AU- Payrolls, CN- Trade.
- Europe: GB- Trade, Bank of England.
- North America: US- Weekly Jobless, Wholesale Inventories, Natural Gas, 30-yr Auction.
nw kw 13:50 GMT July 9, 2014
Day's Trades
oil glut in usa is gone from the new pipeline if you see 97 by for growth or 100 might hold
tokyo ginko 13:42 GMT July 9, 2014
Day's Trades
oil targets 97
GVI Forex john 13:41 GMT July 9, 2014
Agree or Disagree? USDJPY
Reply
Looking like S&P futures are dragging USDJPY higher. Weaker JPY also evident in EURJPY cross.
nw kw 13:41 GMT July 9, 2014
Day's Trades
s&p had or oil and ngas stocks hade liquidated/ but see if Russell is by the dip
GVI Forex john 13:37 GMT July 9, 2014
EUR Heat Map
Reply
EUR-based Heat Map. EUR broadly mixed on the day). It is still below its 20-day moving averages in most key relationships.
SaaR KaL 13:29 GMT July 9, 2014
Day's Trades
will short EURUSD at 1.3640 to 1.3667 if seen
SaaR KaL 13:28 GMT July 9, 2014
Day's Trades
Reply
Long Cable till 1.7070
EURUSD order Long at 1.3570 to 1.3588
gbpcad and eurcad Longs
Livingston nh 13:22 GMT July 9, 2014
Fed Meeting Minutes Later. Markets Await Tone of Discussions
Its been eight years since the new Chairman voted for a rate HIKE (joined by Lacker). But the new improved nearly fully staffed FOMC, although lacking any institutional memory as to the etiquette or procedure of a rate hike vote, may not include this comment from the April 30 minutes:
"It was also noted that because inflation was expected to remain well below the Committee's 2 percent objective and the unemployment rate was still above participants' estimates of its longer-run normal level, the Committee did not, at present, face a tradeoff between its employment and inflation objectives..."
In its place we may have the analysis favored by the Chairman as presented by Mr. Grinch:
"And then! Oh, the noise! Oh, the noise! Noise! Noise! Noise!
That's one thing she hated! The NOISE! NOISE! NOISE! NOISE!"
nw kw 13:03 GMT July 9, 2014
Risk On/Off Heat Map
GBP Bank of England Rate Decision // fed see if usd go's / my stop be to large must see if I can time some moves for it will move,tks
Mtl JP 12:53 GMT July 9, 2014
Risk On/Off Heat Map
kw thanks
Res 3 1.0735
Res 2 1.0715
Res 1 1.0698
Pivot 1.0678
current quote: 1.0668
Sup 1 1.0661
Sup 2 1.0641
Sup 3 1.0624
-
the range seems sooo tight tho
nw kw 12:41 GMT July 9, 2014
Risk On/Off Heat Map
break up poss market set for this ap
USDCAD – Large option strikes for 1.0675, 1.0700, & 1.0725 to expire at today’s NY cut. All over half a yard
Mtl JP 12:37 GMT July 9, 2014
Risk On/Off Heat Map
nw kw the canada housing starts player reaction barely covers the spread range . better ponies elsewhere.
-
see if gbpusd can break down 1.71 and go for say +/-100 pips
Mtl JP 12:14 GMT July 9, 2014
Risk On/Off Heat Map
nw kw 12:10 the canada housing starts is not even on the gv calendar... that is how un-important it is
-
fwiw, estimate is for 190K
Mtl JP 12:10 GMT July 9, 2014
Fed Meeting Minutes Later. Markets Await Tone of Discussions
IFRS Foundation and the IASB
The IFRS Foundation is an independent, not-for-profit organisation. Our primary mission is to develop, in the public interest, a single set of high quality, understandable, enforceable and globally accepted International Financial Reporting Standards (IFRS) based upon clearly articulated principles.
nw kw 12:10 GMT July 9, 2014
Risk On/Off Heat Map
CAD Housing Starts next but us and past week dada can be on strong side but us strength in to fed why
shorted g/cad
Mtl JP 11:45 GMT July 9, 2014
Risk On/Off Heat Map
the German 10-yr can pay only 1.22% - by more than half less that the US 10-yr - because , according to latest reports, their price-inflation is at 0.5%
GVI Forex john 11:42 GMT July 9, 2014
Risk On/Off Heat Map
U.S. equity futures are turning positive. It may be because AA outperformed yesterday?
Mtl JP 11:11 GMT July 9, 2014
morning
usdyen needs a new catalyst to make it break out of the 101.21 - 100dma range
GVI Forex Jay Meisler 10:50 GMT July 9, 2014
morning
101.50 is important as a reference levels, note only a brief dip bleow and selling pressure eased when it popped back above it.
Mtl JP 10:33 GMT July 9, 2014
morning
usdyen gv chartpoints:
5 day 101.89
10 day 101.76
20 day 101.87
50 day 101.93
100 day 102.16
quote: 101.66-ish
-
Bottom Line:
currently overhead resistance
Mtl JP 09:52 GMT July 9, 2014
China CPI June 2014
the ridiculous part about cooling CPI are headlines trumpeting lower price inflation as sign of slowing economic growth.
world of Bizarro
Mtl JP 09:16 GMT July 9, 2014
Global Markets News
China vice premier says reforms cannot be rushed - rtrs
Wed Jul 9, 2014 (Reuters) - Chinese Vice Premier Wang Yang said on Wednesday that China needed to find the right speed in its financial reforms.
"If reforms go too fast, we could be bogged down in details and make fatal mistakes in China's reforms and opening up. If it's too slow, China's reform process could be affected and the United States ... will put pressures (on China)," he said, on the opening day of annual high level talks with the United States.
"How to quicken reforms when the time is right and slow down when needed is something we need to grasp in China's reform process and an issue to be resolved at the Strategic Economic Dialogue. We find a reasonable balance."
Speaking earlier, U.S. Treasury Secretary Jack Lew said that moving to a market-determined exchange rate would be a crucial step for China.
Wang said that Lew had told him China should speed up the reform of its exchange rate mechanism.
--
Bottom Line:
Wang telling Lew to stuff it.
GVI Forex john 09:12 GMT July 9, 2014
Risk On/Off Heat Map
Reply
Markets have gone to a neutral to slight a risk-off posture today
after having marked down risk assets yesterday. Equities sold-off
ahead of earnings season that started yesterday. on concerns that
stocks might be overpriced. The EURUSD continues to pivot the
1.3600 level.
- Yields in prime Eurozone fixed income
markets are mostly steady. Yields on the European
periphery are higher. The German 10-yr bund is 1.22%, -1bp.
- The U.K. 10-yr gilt yield i steady at
2.66% 0bp. Odds favor one +25bp BOE short-term rate hike by
yearend.
- U.S.10-yr yield is 2.58%, +1 bp.
- Equities closed lower in the
Far East. Bourses in Europe are steady to lower. U.S. share futures
are down.
The heat map color scheme
of interest rates reflects yields. This aligns all the colors in the
chart to reflect risk-on (green) and risk-off(red).
syd sf 08:51 GMT July 9, 2014
update
Reply
closing all running positions as the one thing Bots can't handle is news - as they just can't adapt fast enough.. yellen and draghi together is just a bit much for them.
hopefully can get back into a trading pattern tomorrow in Asia.
BOL>
PAR 07:23 GMT July 9, 2014
Germany - Austerity
Reply
Austerity works in FOOTBALL and in ECONOMICS .
Argentina may be the exception ?
Hong Kong AceTrader 02:14 GMT July 9, 2014
AceTrader Jul 9: Intra-Day Maket Moving News & Views & data to be released today
Reply
Intra-Day Market Moving New and Views USD/JPY
09 Jul 2014 01:53GMT
USD/JPY - ... Yesterday's cross-inspired weakness knocked price lower to 101.49 in NY and then 101.45 at Tokyo open due to the decline in Nikkei-225 index following the sell off in global stock markets on Tuesday. Offers are now tipped at 101.65-70 and more at 101.80-85.
On the downside, some bids are located at 101.40 and 101.30-25.
Trading is likely to be thin in Asia as investors are waiting for the release of Fed's minutes at 18:00GMT later today.
Tuesday's news worth mentioning, Minneapolis Fed President Narayana Kocherlakota said inflation may run below the central bank's target, while his Richmond counterpart Jeffrey Lacker curbed his previous expectation for more robust growth.
09 Jul 2014 01:30GMT
In other news, comments by Chinese President Xi Jinping who said as he opened annual talks between U.S. & China confrontation between China, U.S. would be a disaster.
Preisent Xi said China, U.S. should speed up talks on bilateral investment treat; China, U.S. must respect each other's sovereignty & territorial integrity.
U.S. Treasury Secretary Jack Lew said moving to market-determined FX rate is crucial step for China; Sees a strengthening recovery in U.S.
Data to be released on Wednesday:
UK shop price index, Japan machinery orders, Australia Westpac consumer sentiment, China CPI, PPI, Canada housing starts and U.S. FOMC minutes.
dc CB 01:42 GMT July 9, 2014
Marc Faber: The asset bubble has begun to burst
“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor.”
– Jesse Livermore, How to Trade in Stocks
Markets have been around for at least 2,000 years. Since then they have evolved in many directions, with fancy and sophisticated techniques… and elaborate systems and complicated instruments that take a PhD to understand.
But despite all the brain power put into trying to figure them out, markets still surprise, confound and puzzle everyone. There is still no formula for predicting market movements. And even the smartest and most experienced traders often wash up.
You’d think Janet Yellen and other central bankers would take a step back and stand in awe.
Instead, Yellen et al ignore the intricate mechanisms that balance supply and demand; they want to force people to demand more. They have no interest in discovering prices; they want to impose their own prices. And they could care less what Mr. Market has to say; they only hear their own voices.
How To Die Poor
Mtl JP 00:00 GMT July 9, 2014
Calendar -- Daily Forex Data News
B A N G !
Alcoa reported better-than-expected second-quarter earnings: 18 cents a share beating 12 cent expectation by 50%
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