'dc' 'CB' 23:21 GMT January 31, 2016
Platforms
Reply
I use ThinkorSwim TDAmeriTrade. Last week they updated their platform to Java 8 from the existing Java 7...Their pre-upgrade anncmnts stated that it wud be seemless...They posted a webpage giving solutions to problems that might be encountered. The UpGrade happeded last weekend. TechSupport was not available until its usual normal hours 6AM CT/7AM ET Monday morning.
I won't go into my experience, the lets just say that many clients had problems at TechSupport when it opened on Mon AM was overwhelmed.
I just logged on to the TOS (think or swim) and am presented with a 3 page Updated Terms of Service.....only on P1 and it seems a lot of X.1, X.2, X.3 Terms involve --- to put it cynically... holding TOS and TDAmeritrade not responsible for platform failures. Stating also that it is the Users Responsiblilty to keep their connecting systems upgraded and that TOS is not liable if the Software fails to function.
I'm writing this, because is seems that some Sheit hit the fan last Sunday, when traders were locked out of their access to the platform...and if they had open futures positions.....welll
Interesting the Updated terms of service must be accepted before the platform can be used to trade.
I'm assuming that some clients suffered last week and they got their lawyers involved in an attempt to recoup their losses.
Not to mention the missed oppurtunities that were presented at the start of last weeks trading.
John or Jay: if you think that this post is out of bounds then feel free to remove it.
'Livingston' '' 23:10 GMT January 31, 2016
My Monday Trades
C'mon what do you want to say
'Livingston' '' 22:59 GMT January 31, 2016
My Monday Trades
WTF are you talking about
nw kw 22:56 GMT January 31, 2016
My Monday Trades
if you use china's banks in gbp and cad or aud is thare fear in china
nw kw 22:52 GMT January 31, 2016
My Monday Trades
cad beats mxn markets looking at.
nw kw 22:43 GMT January 31, 2016
My Monday Trades
cad uses gdp looks safe last week
nw kw 22:22 GMT January 31, 2016
EURUSD 10800 confirmed
tar sands set for new royalty's and might be this week, favors one side so move cad pending
'Livingston' '' 22:22 GMT January 31, 2016
EURUSD 10800 confirmed
Until oil producers get on board -- these guys are just holdimg their hands on their assa
'Livingston' '' 22:15 GMT January 31, 2016
EURUSD 10800 confirmed
We'll see - nobody gives a sht about the ruble-- Trudeau will fix the CAD
nw kw 22:07 GMT January 31, 2016
EURUSD 10800 confirmed
if usa oil patch in ruble cad strength for oil advantage for usa oil to cad oil fun past pattern,
nw kw 22:01 GMT January 31, 2016
EURUSD 10800 confirmed
what do you see in u/c chart for now looks on old pivot
nw kw 21:56 GMT January 31, 2016
EURUSD 10800 confirmed
usa/cad on 400 beset pipit plan for oil than or yen cash rush
'Livingston' '' 21:48 GMT January 31, 2016
Battle is Joined
Understand this the gov't will NEVER fight a case in Court that it has less than an 80% chance of winning - it would have to appeal on law not facts // push'em and they'll settle --- CHEAP
Amman wfakhoury 21:46 GMT January 31, 2016
EURUSD 10800 confirmed
'Livingston' '' 20:57 GMT 01/31/2016
Do You work off techs or fundies?
_______________
I have my own theories.
'Livingston' '' 21:39 GMT January 31, 2016
Battle is Joined
Ya know - these banks might have screwed up but submitting to gov't extortion is NUTZ - even a Cocaine dealer would be able to hire better lawyers than these mopes
'dc' 'CB' 21:35 GMT January 31, 2016
Battle is Joined
link
http://www.nytimes.com/2016/02/01/business/dealbook/barclays-and-credit-suisse-to-settle-dark-pool-inquiries.html?ref=dealbook
Mr. Schneiderman said Credit Suisse also made its dark pool a priority by sending it trade orders instead of sending them to other trading sites. It secretly allowed two high-speed trading firms to trade directly with its other customer orders through an undisclosed order matching platform. It did not fully disclose that it transmitted confidential client information outside its dark pool, he said.
++++++++++++++++++++++++++++++++++++++++++++++
Which begs the Question. WHICH 2 HFT were favored??????????
Maybe the publically traded firm that Never Had a Losing Day....never ever never ever??????
Dealbook NYTimes
'dc' 'CB' 21:30 GMT January 31, 2016
Battle is Joined
Barclays and Credit Suisse are two of the largest operators of dark pools, which are private electronic trading sites where buyers and sellers are supposed to be able to make transactions without the interference of high-speed traders. Mr. Schneiderman filed suit against Barclays in 2014, saying that its dark pool actually welcomed high-speed traders rather than kept them out.
Barclays told clients of its dark pool, Barclays LX, that it monitored for high-speed trading activities on the site, but it did not. It also favored high-speed traders on the platform.
'dc' 'CB' 21:07 GMT January 31, 2016
Fun with Covers
Sunday WaPost Bizness Section- advice when dealing with markit turmoil. And other assorted chestnuts.
__________________________________
Triple-digit fluctuations in the stock market can prove disconcerting for anyone, but especially people in or near retirement, who are at or near the end of their wage-earnings phase. So they are understandably worried about their portfolios, which must provide income for the rest of their lives.
Stock tip: Turn off the television and call your financial adviser
'Livingston' '' 21:03 GMT January 31, 2016
Battle is Joined
It will be interesting if there is a Eugene McCarthy moment in NH -- Warren may not understand that most of this "corruption" is a product of the idiotic tax code
The problem is that if we eliminate complexity in taxes (all regulation is a tax) we eliminate about 30% of the jobs in the US
Amman wfakhoury 20:52 GMT January 31, 2016
EURUSD 10800 confirmed
Miami JN 16:10 GMT 01/31/2016
______________________________
if you have enough money start buying 10830
if you have small equity start buying 10800
if you have very small equity start buying below 10800.
Livingston nh 20:18 GMT January 31, 2016
Battle is Joined
Reply
In light of the BoJ action and the CNY weakening the WSJ offers the following:
"Some of the biggest names in the hedge-fund industry are piling up bets against China�s currency, setting up a showdown between Wall Street and the leaders of the world�s second-largest economy.
Kyle Bass�s Hayman Capital Management has sold off the bulk of its investments in stocks, commodities and bonds so it can focus on shorting Asian currencies, including the yuan and the Hong Kong dollar.
It is the biggest concentrated wager that the Dallas-based firm has made since its profitable bet years ago against the U.S. housing market. About 85% of Hayman Capital�s portfolio is now invested in trades that are expected to pay off if the yuan and Hong Kong dollar depreciate over the next three years�a bet with billions of dollars on the line, including borrowed money.
�When you talk about orders of magnitude, this is much larger than the subprime crisis,� said Mr. Bass, who believes the yuan could fall as much as 40% in that period.
Billionaire trader Stanley Druckenmiller and hedge-fund manager David Tepper have staked out positions of their own against the currency, also known as the renminbi, according to people familiar with the matter. David Einhorn�s Greenlight Capital Inc. holds options on the yuan depreciating.
The funds� bets come at a time of enormous sensitivity for China�s leaders. The government is struggling on multiple fronts to manage a soft landing for the economy, deal with a heavily indebted banking system and navigate the transition to consumer-led growth.
Expectations for a weaker yuan have led to an exodus of capital by Chinese residents and foreign investors. Though it still boasts the largest holding of foreign reserves at $3.3 trillion, China has experienced huge outflows in recent months. Hedge funds are gambling that China will let its currency weaken further in a bid to halt a flood of money leaving the country and jump-start economic growth.
The effort is a lot riskier, though, than taking on a currency whose value is set by the market. China�s state-run economy gives the government a number of levers to pull and tremendous resources at its disposal. Earlier this year, state institutions bought up so much yuan in the Hong Kong market where foreigners place most of their bets that overnight borrowing costs shot up to 66%, making it difficult to finance short positions and sending the yuan up sharply.
The situation grew more tense after billionaire investor George Soros predicted at the World Economic Forum gathering in Davos, Switzerland, recently that �a hard landing is practically unavoidable� for China�s economy. He said he is betting against commodity-producing countries and Asian currencies as a result."
When elephants dance you need to be quick
Livingston nh 20:03 GMT January 31, 2016
IOWA
Reply
Like Brexit in the EU the US presidential election will be a
a VERY IMPORTANT election in November but there is a long slog thru the barnyard
The US gets a look at the first "poll" in Iowa - the real pols know the first couple primaries are jokes but it pushes out the non-contender who should never have been in the race
Iowa is especially irrelevant because it is a group of coffee klatches where folks suggest a preference BUT it isn't really an election
Bernie Sanders is the US equivalent of Corbin in the UK and Clinton is a rehash of her earlier race when she couldn't beat a first term senator
On the republican side Trump has made the other candidates violate the second rule of politics (never debate the village idiot) which makes the others look like responders rather than leaders - the primary is not a forensic debate - the Presidential election offers more of a true debate // the problem is getting thru the next 6 months
GVI Forex Blog 13:27 GMT January 31, 2016
EXCLUSIVE: Reaction to BOJ Ease Will Fade Quickly
Reply
John M. Bland, MBA, CTA
I have been asking myself what has changed with the BOJ decision. Negative interest rates only apply to a narrow slice of bank deposits at the BOJ and and as for the additional QE, the yield on the 10-yr JGB has fallen from 0.22% to 0.10%. None of us are banks and those who were investing at 0.22% are unlikely to be impacted by a 0.10% yield. The BOJ decision was all about headlines. I think the impact of the headlines should wear off quickly.
I make most of my trading decisions based on the technical, but use the fundamentals mostly to set my trading bias. I am still no longer comfortable with the strong dollar theme. I think that time is over, but I don\'t want to get ahead of the markets and will be letting the price action in forex, bonds, equities, (and oil?) dictate when the time is right to start selling the USD again. I still feel the EURUSD pair is headed next to a 1.10 to 1.15 trading range but I will be patient before I act.
EXCLUSIVE: Reaction to BOJ Ease Will Fade Quickly
Amsterdam 13:16 GMT January 31, 2016
Forex Analytics and Forecasts from R.Butko
Reply
Forex Forecast for 1-5 February 2016
First, about last week�s predictions:
- EUR/USD once again proved that the majority opinion may be wrong. The pair�s bullish sentiment was supported by only 25% of the experts and graphical analysis on D1 but it is they who turned out to be right � straight from the market opening, the pair went up sharply and then, as predicted, plunged as sharply almost to the level of the start of the week;
- a third of the experts talked about GBP/USD�s rise to 1.4550 while another third supported a transition into a sideways trend in a 1.4120-1.4330 range. The weekly chart shows that both groups were right as the pair stayed in this corridor all five days, occasionally attempting to break its upper boundary and reach the target height. However, none of these attempts succeeded, and the pair ended up near the level of the start of the week;
- there are times when all forecasts, including alternative ones, prove incorrect. This is what happened when the Bank of Japan unexpectedly introduced a negative interest rate policy for the first time, which resulted in the yen�s fall against all 16 major currencies. The USD/JPY pair needed just 1 day (29 January) to return to the level around which it had revolved during the past year;
- two weeks ago, the immediate target for USD/CHF was a rise to 1.0250. Last week, graphical analysis lowered it to 1.0210, which it shouldn�t have done as the pair easily reached 1.0255 on Friday, countering the rush to change forecasts.
Forecast for Coming Week
Summing up the views of scores of analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be said:
- opinions on EUR/USD once again turned out quite unanimous � 60% of the analysts, 100% of the indicators on all timeframes and graphical analysis at D1 vote for a fall to 1.0700 at least. With that, the pair may first rebound to resistance at 1.0990, then return to support at 1.0800, break through it and drop to 1.0700 and then further down to support at 1.0560;
- as for GBP/USD, 100% of the indicators look downward. However, the analysts differ. The indicators� readings are supported by only 12% of the analysts and graphical analysis on H4. In their view, the pair will go down gradually to support at 1.4120. A sideways trend is backed by 38% of the experts. Graphical analysis on D1 and the remaining 50% of the experts reckon that GBP/USD will rebound further upward, trying to reach 1.4630. With this, graphical analysis indicates that after the rebound the pair will return to the current level of 1.4240 by the end of February;
- the decision by the Bank of Japan left graphical analysis and most experts perplexed. At the same time, 25% of the experts and 90% of the indicators insist USD/JPY should continue to rise up to 122.30-123.00, and only one analyst believes that the pair will return to January�s main support of 116.50;
- most experts and graphical analysis on H4 believe that USD/CHF will be moving in a 1.0200-1.0310 sideways channel for some time. However, graphical analysis on D1 insists that the pair should go down to support at 0.9920 and then enter a sideways corridor of 0.9920-1.0080. In the longer term, 40% of the analysts believe that 1.0310 is not the limit and the pair may rise to 1.0500.
Roman Butko, NordFX
GVI Forex john bland 11:52 GMT January 31, 2016
My Monday Trades
Reply
I have been asking myself what has changed with the BOJ decision. Negative interest rates only apply to a narrow slice of bank deposits at the BOJ and the yield on the 10-yr JGB has fallen from 0.22% to 0.10%. None of us are bank and those who were investing at 0.22% are unlikely to be impacted by a 0.10% yield. The BOJ decision was all about headlines and a vague commitment to additional stimulus in the future. I think the impact of the headlines should wear off quickly.
I make most of my trading decisions based on the technical, but use the fundamentals mostly to set my trading bias. I am still no longer comfortable with the strong dollar theme. I think that time is over, but I don't want to get ahead of the markets and will be letting the price action in forex, bonds, equities, (and oil?) dictate when the time is right to start selling the USD again. I still feel the EURUSD pair is headed next to a 1.10 to 1.15 trading range but I will be patient before I act.
nw kw 05:35 GMT January 31, 2016
Let's see how China will react.
soft cad fore now cheapish oil in planet, looks investment time, monitor for bigger range trading. gl.
HK RF@ 02:30 GMT January 31, 2016
Let's see how China will react.
Reply
US warship sails near island claimed by China in South China Sea
A US navy destroyer sailed within 12 nautical miles of an island claimed by China and two other states in the South China Sea on Saturday, in an effort to counter efforts to limit freedom of navigation, the Pentagon said.
China claims most of the South China Sea, through which more than $5tn of world trade is shipped every year. Vietnam, Malaysia, Brunei, the Philippines and Taiwan have rival claims.
Related: Neither China nor the US will give way in this South China Sea showdown - Jonathan Fenby
Pentagon spokesman Capt Jeff Davis said no ships from China�s military were in the vicinity of the guided-missile destroyer USS Curtis Wilbur when it passed near Triton Island in the Paracel Islands.
�This operation challenged attempts by the three claimants � China, Taiwan and Vietnam � to restrict navigation rights and freedoms,� Davis said, reflecting the US position that the crucial sea lane should be treated as international waters.
The US navy conducted a similar exercise in October in which the guided-missile destroyer Lassen sailed close to one of China�s man made islands, drawing a rebuke from Beijing.
Davis said the latest operation sought to challenge policies that require prior permission or notification of transit within territorial seas. He said the US took no position on competing sovereignty claims to naturally formed land features in the South China Sea.
�No claimants were notified prior to the transit, which is consistent with our normal process and international law,� Davis said.
The Chinese foreign ministry responded on Saturday evening with a statement on its website condemning the action.
Related: South China Sea: US bomber angers Beijing with Spratly islands flypast
�The American warship has violated relevant Chinese laws by entering Chinese territorial waters without prior permission, and the Chinese side has taken relevant measures including monitoring and admonishments,� it said.
The operation followed calls in Congress for the Obama administration to follow up on the October operation.
This month, John McCain, the chair of the Senate armed services committee, criticized Obama for delaying further freedom of navigation patrols.
He said that allowed China to continue to pursue its territorial ambitions in the region, including by landing a plane on a manmade island in the Spratly Islands archipelago.
LINK
