'dc' 'CB' 23:37 GMT February 11, 2016
Irony
hahahahaha
the top Story ToNite Lead in Very First line
AmPb Radio Propo NEWZ for the Millenial(who have no money)
An OPEC ITEM .....
Legitimant Legit it's a NPR certified...call UR Broker Buy Oil....DE Said OPEC WILL CUT...(the NPR ---few as they are mostly Sentient (Meat based ) Rubes.
Hey will take their Money
'GVI 'Jay 23:33 GMT February 11, 2016
test
Reply
Test
HK RF@ 22:52 GMT February 11, 2016
Irony
Few weeks ago I posted about negative prices for oil, if any remember.
Now that storage tanks are filling up, it's time for paying to remove the excess, away from storage depots.
ORRRR. Set the excess on fire, which may not be allowed.
HK RF@ 22:45 GMT February 11, 2016
Stupidity and absurd rule!
Reply
According to analysts, you better buy gold because gold has 0% interest rate, that compared to negative ones in some major currencies.
The fact is that those who owned Eur, Chf, Yen all bearing negative interest rates currencies, made very well compare to positive yielding ones like; NZD AUD USD GBP.
Those who sold their Neg. interest currencies for Stox, got already whacked, and probably the next will come from gold.
Regarding the effects those Neg. interest currencies cause, maybe one should own them rather than the positive yielding ones.
Gold rise this time is a mania only, and this is the only explanation(look at J. Cramer last nite), where in fact there is no demand for physical gold except by institutional, which will be more than happy to drop it on the head of the speculators.
'dc' 'CB' 22:41 GMT February 11, 2016
Irony
this comes from the Non Paddler
Gary Shilling: " Oil prices are headed for the $10 to $20 per barrel range
'dc' 'CB' 22:39 GMT February 11, 2016
Irony
Reply
"Oil prices are headed for the $10 to $20 per barrel range "
OnceUponATime the Wild Weekend to WVa wd cost $13
the really hillarious note about this is ...back in the "ought 2's when we were alll DeBating the merits of the Iraq War....me and my paddling buddies wud say.....CHEAP GAS...now we can drice to all those rivers we want to run without breaking our bank....We TAKE Iraq...WE Own the Oil.......$0.90gasOgallon... Cross Country River Tour.....but wait....but wait.....WTF $4 a gal....Hey Hey Hey it's all Bush's Fault.
Take Me to the River(copyright: TalkingHeads)
'GVI 'john 22:19 GMT February 11, 2016
My Friday Trades
Reply
CME raising margins on Gold and some JPY pairs.
'Israel' 'Dil' 22:01 GMT February 11, 2016
Yellen
that Harvard guy's wife, much before she knew him, she was driving to the beach and the road sign said "beach left" so she made a U-turn and drove back home (she is still blond and got 50% off everything he had when divorced before the crisis of 2008)
'dc' 'CB' 21:37 GMT February 11, 2016
Daily TA trade
that to
london red 20:52 GMT
not quite pulled the lot back but sp leaving a nice tail on daily strongly argues for 1870 or 1790 tom
'dc' 'CB' 21:35 GMT February 11, 2016
Daily TA trade
let me count the ways:
US Cash Stocks closed Mon.
China Re-Opens.
3 Days for US "Investors" to digest that NY sidewalk cart pretzel w/extra mustard, that was Yellen's Humphrey Hawkins Pt1 and Pt2 Testymonie.
Wild Card Tonite:
Bernie beats the crap out of Hillary .... despite the stacked odds of an all female ("there is a special place in He// for women who don't support (other women)" Madeline Albright, another former Secy of State).
PBS NZHR: produced by WETA, Wash DC, Sharon Percy Rockefeller, President and CEO ----Rock-e-Feller Rock-e-Feller.
(ps: All ALGOs are coded by Males)
'dc' 'CB' 21:15 GMT February 11, 2016
Tune into the Games ToNite
Reply
Tuff Tuff TuffTuff questions asked by the women of the PBS NEWZhour team.
Tonite----no commercial interruptions, ;cauz it's Public TeeVee.
Bernie --- the current champ
VS
Hillary the Secy of State and Former First Lady
Turn on ... tune in...drop out.
DeBait tonite....as the worm turns
'dc' 'CB' 21:09 GMT February 11, 2016
Yellen
Federal Reserve Chair Janet Yellen said the central bank was not to blame for the tumult that has engulfed financial markets this year and is unlikely to roll back its December interest-rate increase in response.
With the central bank already in Congress�s crosshairs on a variety of issues from regulatory policy to the transparency of its operations, the last thing it needs is to be blamed for making a monetary policy error by raising rates prematurely.
Don't Blame Fed for Turmoil, Yellen Says as Equity Rout Deepens
'Belgrade' 'TD' 21:06 GMT February 11, 2016
Daily TA trade
GVI, ... it was a really good week for me trading nasdaq ... at least so far :)
'dc' 'CB' 21:00 GMT February 11, 2016
Yellen
zerohedge
@zerohedge
Some Harvard guy says if you use a $100 bill you are a criminal
london red 20:52 GMT February 11, 2016
Daily TA trade
not quite pulled the lot back but sp leaving a nice tail on daily strongly argues for 1870 or 1790 tom
GVI 20:47 GMT February 11, 2016
Daily TA trade
TD, you have had the hot equity hand!!
'Belgrade' 'TD' 20:44 GMT February 11, 2016
Daily TA trade
1/3 out from ~3917 long at 3975 ... nasdag fut ... /NQ ... new stop ~ 3930
'dc' 'CB' 20:44 GMT February 11, 2016
eurusd
the biggie for the US was---
NEW YORK/HOUSTON (Reuters) - U.S. refiner Phillips 66 dumped crude for immediate delivery in Cushing, Oklahoma on Wednesday, sparking speculation that the move reflected advance warning of looming output cuts amid sluggish winter demand and record inventories.
(Warren Buffet's Phillips 66)
reuters
Tallinn viies 20:35 GMT February 11, 2016
eurusd
Reply
I saw several news stories today that refineries starting to close down (reducing output) their operation for a better times. marging to refine is so bad and no demand. yoy -15% for disel for example.
so this would put crude oil even bigger pressure as it is still coming out of the ground but you have nowwhere to store it as storage is near full.
interesting times ahead. could oil fall to 10?
'dc' 'CB' 20:32 GMT February 11, 2016
Yellen
uncanny resemblence, is it not.
+++++++++++++++++++++++++++++++++++++++++
fred hickey @htsfhickey 9m9 minutes ago
The OPEC story timed right as S&P was breaking thru 1812 critical support was highly suspicious.Who wants to go home long stocks after that?
zerohedge @zerohedge 20m20 minutes ago
bogus OPEC headlines are more powerful than the Federal Reserve
GVI john 20:17 GMT February 11, 2016
My Thursday Trades
Two price levels reportedly being watched on the close are 15,666 in the DJIA and 1812 in the S&P lower closes would be bearish.
'Sydney' 'ACC' 20:11 GMT February 11, 2016
My Thursday Trades
Aussie has tended to be bought as a hedge against inflation. While on the week it hasn't moved much this has masked the degree of volatilty. On two separate days (Tuesday and Thrsday) the currency got hammered sank to below 70 USA cents (0.6985) but on each occasion on the day it rallied all the way back to 71 US cents.
I read that spot iron ore was quoted at USD 43.00 a tonne prior to the Lunar New Year, gold well need I say more and copper is clinging tenaciously to 200 cents a pound.
When mixed with the US earnings figures could this be the start?
'dc' 'CB' 20:06 GMT February 11, 2016
My Thursday Trades
yes Virginia. the Traders (both of them) on the floor of the NYSE are in a panic today. But they reacted swiftly to the OPEC headline, buying up a basket of stocks in record time.
it's all a blur to me
'Livingston' 'nh' 19:54 GMT February 11, 2016
My Thursday Trades
If we could just flush oil to a bottom and get thru Japan coming back tonight and China Monday we might be ok next week -- any whiff of inflation and these bond buyers will be toast
'Israel' 'Dil' 19:52 GMT February 11, 2016
My Thursday Trades
that guy been told it's possible to buy only 300 new Maybachs in place of the 500 he used to buy every week, so he replied "oh, what I have to do about it?"
'dc' 'CB' 19:50 GMT February 11, 2016
My Thursday Trades
but it works every time...algos traded 60K++ Eminis in 5 mins at its release...the last 5mn just did 70K
'Hillegom' 'Purk' 19:50 GMT February 11, 2016
cad/jpy LONGS longer term
Right, another 1/4 out. 1/4 left. 80,01-80,62. Not bad, entries ok. last 1/4 at cost and trying to get more....
'GVI 'john 19:48 GMT February 11, 2016
My Thursday Trades
I've lost count of how many times we've seen this report
'dc' 'CB' 19:44 GMT February 11, 2016
My Thursday Trades
Just what the doctor ordered.
Save the Day Headline
OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ
'Israel' 'Dil' 19:43 GMT February 11, 2016
Yellen
all Yellen and thr gang need is to listen to the tax payers at the present and let their blind admiration to Keynes stop harming the world. which probably wouldn't happen as they are in disconnect with humanity anno now.
'Livingston' 'nh' 19:43 GMT February 11, 2016
OIL
Reply
Testing 26 level again - water drip torture
PAR 19:37 GMT February 11, 2016
Hollande
Reply
Russian boycot are killing French agricultural sector. To be discussed with Angela.
'dc' 'CB' 19:21 GMT February 11, 2016
Yellen
ZIRP to NIRP...Thru the Looking Glass Scenario.
Banks will have to sell off Assets(assuming Treas, MBS Securites, xxx,) and buy Dollars and obtain these dollars as notes.
The result being a countervailing force in the market to the lowering of Rates to sub Zero and the desired weakening of the USD.
'dc' 'CB' 19:15 GMT February 11, 2016
Yellen
one of the problems with going to Neg Rates, as noted in the Aug 5, 2010 Fed Memo, will be the strain that will be put on the banking system to come up with the Physical Cash to cover withdrawls.
No only will banks have to convert reserve assets into cash,they were estimated to have on $200Bln of their reserves in Cash, but the Treas will have to Print more bills, which will cost.
FRB Memos
london red 19:12 GMT February 11, 2016
Bank of America
just remember the house never folds. if it does nobody gets paid. always buy goldman on the other side.
last 3 days s&p candle looks suggestive of a close close to opening levels but they look to be out of time to try it.
PAR 18:53 GMT February 11, 2016
Yellen
DJ Yellen: US Economy Behind Dollar's Strength -- Market Talk
12:55 ET - During her Senate Banking Committee testimony, Yellen offered some thoughts on the yawning gap between US monetary policy and that of some other advanced economies--which are slashing rates below zero. "We have a global economy in which there is considerable weakness in many parts of the world," singling out Europe and Japan. Although some countries are adopting expansionary monetary policies in order to boost inflation and to address weakness in their economies, Yellen noted the US is in a different position. "The US, with a 4.9% unemployment rate, is far-more advanced in that process of recovery--and the different cyclical positions of our different economies are a factor that is pushing up the dollar." She added the dollar's strength in part reflects "disproportionate" strength in the US economy. ([email protected]; @HarrietTorry)
'dc' 'CB' 18:51 GMT February 11, 2016
My Thursday Trades
looking like not.
Odds rising that the 2:15 will be a Sell Express
Tallinn viies 18:46 GMT February 11, 2016
eurusd
Reply
I really hope S&P bottom is done for the week but there is possibility that it is not so. US out on monday and on monday China is coming back from holidays. they have also some selling to be done.
london red 18:45 GMT February 11, 2016
My Thursday Trades
1790 is 23.6% fib of top to devils bottom. got close a couple of times but no touch yet. they have beaten last months low but not by much and currently hovering around there. lower is in so while 1790 is avoided then chart work done and can bounce.
'GVI 'john 18:05 GMT February 11, 2016
My Thursday Trades
10-yr yield back up to 1.622% -5.9bp
GVI john 18:04 GMT February 11, 2016
My Thursday Trades
30-yr 2.50%
bid to cover 2.09 vs, 2.28
weak
PAR 18:02 GMT February 11, 2016
Yellen
Reply
US is the strongest economy in the world and thats why the dollar has been rising. A rising dollar leads to lower commodity prices .
'GVI 'john 16:56 GMT February 11, 2016
My Thursday Trades
This has been a more more revealing testimony from Yellen as opposed to yesterday. What she confirmed today is that the Fed tightening path had been premised on a growing economy and that premise might be in doubt. Furthermore, we also learned that the Fed is concerned about financial stability overseas and will be taking it into consideration when making policy.
Amman wfakhoury 16:52 GMT February 11, 2016
EURUSD 11375 confirmed
The only one in the world who confirms the next level
-------------------------
11375 reached
GVI john 16:26 GMT February 11, 2016
My Thursday Trades
I thought I heard earlier today that 1.38% is the low for the yield on the 10-yr.
GVI john 16:24 GMT February 11, 2016
My Thursday Trades
the yield on the 10-yr drifting back lower 1.577% -10.4 bp
on more clearly dovish tone of Yellen relative to yesterday.
EURUSD higher as a result.
PAR 16:06 GMT February 11, 2016
Grilled Yellen
Yellen looked into negative rates and decided it would not work well.
PAR 16:04 GMT February 11, 2016
Grilled Yellen
Since when is the echange rate a responsability of the FED ?
This central planning institution wants to control everything . A central planned hedge fund making profit for the American citizens ?
'Hillegom' 'Purk' 16:03 GMT February 11, 2016
cad/jpy LONGS longer term
Wow that was fast: 80,80-80..
Start to built up again. 80,01 in. rest is known... scaling adding, bla di bla.
'Belgrade' 'TD' 16:02 GMT February 11, 2016
Daily TA trade
open long ~3917 ... nasdag fut ... /NQ
'GVI 'john 16:00 GMT February 11, 2016
Grilled Yellen
Yes. She was indicating that the fall in oil and higher USD were why their inflation forecasts have been wrong. Draw your own conclusions!
'dc' 'CB' 15:53 GMT February 11, 2016
Grilled Yellen
Yes she said that and then continues to say
at 46:37....."never the less,the strenght of the dollar and the extent to which its moved up since mid 2014 is not something which we anticipated, um so yes we've been suprised in part by those developments" 46:56
'GVI 'john 15:50 GMT February 11, 2016
BREAKING NEWS
That was the "planted" question I mentioned earlier. Yellen has just sent the dovish signal she did not send yesterday.
EURUSD rallied only slightly on her statement.
GVI john 15:46 GMT February 11, 2016
BREAKING NEWS
Yellen looking at developments in overseas markets and evaluating their likely impact on the balance of risks to the economy. Its premature to come to a decision today, but they are a consideration.
'''Singapore''' '''SGFXTrader''' 15:44 GMT February 11, 2016
Grilled Yellen
U make a mistake! Yellen said they anticipated the strength in the dollar!
dc' 'CB' 15:36 GMT 02/11/2016
Yellen: "the strength in the dollar, which we had not anticipated"
'dc' 'CB' 15:36 GMT February 11, 2016
Grilled Yellen
Yellen: "the strength in the dollar, which we had not anticipated"
PAR 15:29 GMT February 11, 2016
Grilled Yellen
Spooky Yellen
Yellen ! The Big Short II
HK RF@ 15:14 GMT February 11, 2016
Bulls are not finished yet
J. Cramer; Clearly represents his master voice.
All arguments raised by those interviewed, are like taken from an old broken disk.
And Cramer sounds like a mad fanatic.
'GVI 'john 15:12 GMT February 11, 2016
BREAKING NEWS
WSJ Survey of economists
-- 3% next Fed move will be a cut
-- 9% see March hike
-- 13% see April hike
-- 60% see June hike
'HK' 'Kwun' 14:26 GMT February 11, 2016
Bulls are not finished yet
Buy Gold
Entry: 1233 Target: Stop: 1213
enough for today, TP at 1243
'Hillegom' 'Purk' 14:25 GMT February 11, 2016
e/u
Reply
If this is a normal day, than we should would, could, wish to see 1,14.
'dc' 'CB' 14:10 GMT February 11, 2016
Sell-off
(SARC ON) below $1.00 a gal gasoline will put an addtional $1000 in the pockets of Consumers this year. This will boost spending.
EconOmists said.
In other NEWZ, with the introduction of Negative 1% interest rates on bank deposts this week, it's estimated that $1000 per year will be deducted from the average Consumer's savings.(SARC OFF)
'dc' 'CB' 14:03 GMT February 11, 2016
Sell-off
The canary in the coalmine of an increasingly desperate energy industry just croaked. With "unusual timing" and at "distressed prices,"
Reuters reports that Phillips 66 - the major US refiner owned by Warren Buffett - dumped crude oil for immediate delivery into Cushing storage tonight. This sparked heavy selling of the front-month WTI contract (to a $26 handle) and crashed the 1st-2nd month spread to 5 year lows.
U.S. Energy Information Administration data on Wednesday showed inventories at the Cushing, Oklahoma delivery hub hit a record 64.7 million barrels last week - just 8 million barrels shy of its theoretical limit - stoking concerns that tanks may overflow in coming weeks.
"Bloodbath" In Black Gold - Buffett's Phillips 66 Dumps Oil In Cushing, Crashes Crude Spreads To 5 Year Lows
'Hillegom' 'Purk' 13:41 GMT February 11, 2016
cad/jpy LONGS longer term
Reply
Now 80,33. Starting to built up a position. Risk is like 72-77. Gain is 90-95.
Devide into multiple positions with scaling and bla bla bla.
'Livingston' 'nh' 13:35 GMT February 11, 2016
Sell-off
Reply
Oil price caused concern about US banks but now the pressure appears to be coming from continued concern about the EU banks and the abandonment of all hope in Japan -- this sell-off may just have to burn itself out
again look at periphery sovvie bond yields
'dc' 'CB' 13:32 GMT February 11, 2016
My Thursday Trades
as noted earlier.
IF Gold dosen't get wacked this week, with Yellen's 2 day 6 hour grilling by lawmakers and the 10Y and the 30Y auction going off on those days...
THEN: CBs have lost control.
Today Trader Yellen faces the Senate Banking Committee, a bit more erudite and more secure in their positions...terms in the Senate 6 years -- the House 2 years, so there will be less political grandstanding. Their main constituency consists of corporations, big banks, and lobbyists, as opposed to the hoi polloi-voter that House Members must face bi-annually.
However, they and their constituents have so far this week taken a big hit to their portfolios, and self-interest was never considered anything but a virtue among this crowd. There is also surely some annoyance that the Presidential primaries are so far showing a strong anti-establishment bend, which can only be fueled by talk of Negative Interest Rates and Market turmoil pointing the finger of failure at Trader Yellen and the Federal Reserves 8 year long policy of Monetary Repression.
Several on the committee were never "friends of the court" either, esp Elizabeth Warren.
'GVI 'john 13:27 GMT February 11, 2016
BREAKING NEWS
Report Japan refuses to comment on any forex intervention.
-- TTN
'Belgrade' 'TD' 13:27 GMT February 11, 2016
BOJ
JAPAN GOVT SOURCE: NO COMMENT ON IF TOKYO INTERVENED IN CURRENCY MARKET
'Mtl' 'JP' 13:17 GMT February 11, 2016
My Thursday Trades
Why? unless Janet brings in the pablum bottle stock players likely to see more losses
-
choose your side of the line in 12:52
'Mtl' 'JP' 13:10 GMT February 11, 2016
My Thursday Trades
trade idea
GBPusd is a sell on pops against 1.4470
'GVI 'john 13:04 GMT February 11, 2016
My Thursday Trades
10-yr 1.5377% What do they know?
'GVI 'john 13:03 GMT February 11, 2016
My Thursday Trades
I did not think the Yellen testimony would mean much today, but clearly it will. Her prepared text usually will not change, but she MIGHT plant a question with the committee Chair. It appears that happens occasionally so she can comment on today's developments. She can't be comfortable with LT U.S. rates falling like this today. Problem is I don't see anything in the U.S. triggering today's developments. Also I don't see how the U.S. can respond.
Keep an eye on weekly Jobless today to see if it continues to rise.
GVI Forex Blog 13:01 GMT February 11, 2016
Exclusive: Will the Bank of Japan Intervene in USDJPY?
Reply
�
With USDJPY having fallen over 8% to a low today at 110.97 vs. a 121.11 spike high set less than two weeks ago following the surprise BoJ decision to cut rates to negative, the market will be on high alert for any hints of intervention. In fact, USDJPY just spiked higher following reports that the BoJ was checking forex rates. By itself this means little as all central banks have access to electronic platforms so it is a warning in what will be a battle to keep USDJPY above 110. I would be surprised if the Japanese central bank was not already intervening covertly or through surrogates to try and offset some of the safe haven flows into the JPY.
Exclusive: Will the Bank of Japan Intervene in USDJPY?
QC Mailman 12:49 GMT February 11, 2016
BOJ
One of the few occasions the BOJ rumor has benefited my long USD/JPY trades. Almost taken out by the market but BOJ to the rescue!
BOJ is sometimes a good friend. :)
Meanwhile, I think also we may have found a new bottom for the day. 4HR charts extremely oversold so the BOJ thing made the price off its o/s territory.
'Mtl' 'JP' 12:47 GMT February 11, 2016
My Thursday Trades
john 12:30 do u hope she announces QE4 ?
'Mtl' 'JP' 12:43 GMT February 11, 2016
My Thursday Trades
Swedish central bank at minus 0.5% this morning
'HK' 'Kwun' 12:38 GMT February 11, 2016
Very Bullish
Buy Gold
Entry: 1223 Target: Stop: 1213
TP at 1238, chase back all
'Livingston' 'nh' 12:35 GMT February 11, 2016
My Thursday Trades
John - AS you mentioned yesterday Yellen is playing both sides of the street so now she's caught in a crossfire - FEAR trade in treasurys -- might be a good time to push some of the holdings back onto the Street
Take a look at the periphery bonds in EU -- hmm
HK RF@ 12:35 GMT February 11, 2016
BOJ
JPY
Cold water on the head of speculators.
Today one may not expect new lows; much more that Tech. do not support it.
'GVI 'john 12:30 GMT February 11, 2016
My Thursday Trades
Not sure of the low, but I have seen a 10-yr yield quote of 1.5580%, last 1.591%. Will Yellen react, or at least say something today?
GVI Jay 12:26 GMT February 11, 2016
BOJ
07:23USD/JPY (JP) JPY currency weakens above 112 on rumors BOJ checking rates
- Source TradeTheNews.com
'Mtl' 'JP' 12:25 GMT February 11, 2016
BOJ
price gap can be deadly on a stop
hk ab 12:23 GMT February 11, 2016
BOJ
Reply
finally, they declare the war...... Good opportunity for speculators.
Amman wfakhoury 12:13 GMT February 11, 2016
EURUSD 11375 confirmed
Reply
11375 confirmed
11330 return
The only one in the world who confirms the next level
Paris ib 12:10 GMT February 11, 2016
USD sell off PART II
Theme: anything BUT the USD. And we don't even have panic yet.
GOLD now up 3.23 percent on the day.
Russia might have seen the Rouble trashed but the Russian Central Bank was a huge GOLD buyer last year.
The deviants might not have all the cards.
PAR 11:45 GMT February 11, 2016
MARGIN CALL - THE BIG SHORT
Reply
More margin call forced liquidation coming . If we dont have a bank confirmation by noon your positions will be
LIQUIDATED .
PAR 11:38 GMT February 11, 2016
YELLEN
Reply
If you cannot CONVINCE > CONFUSE.
HK RF@ 11:35 GMT February 11, 2016
1230 strong Res. so watch out.
And with all the noise around gold. 5Wklysma, didn't cross yet the 65 one.
Uptrend is not yet confirmed by those 2 weekly sma.
HK RF@ 11:27 GMT February 11, 2016
USD/JPY
Reply
Today low met an incredible support on medium/long term levels.
Worth keeping an open eye.
HK Kwun 11:22 GMT February 11, 2016
Very Bullish
Buy Gold
Entry: 1223 Target: Stop: 1213
now is 1227, right timing again
hk ab 11:20 GMT February 11, 2016
USD sell off PART II
I would worry those bangsters who shorted artificially from 1600-1700 to close their positions rather.......
This has to be a big show and big level to watch.
HK RF@ 11:18 GMT February 11, 2016
USD sell off PART II
Gold is not backed by consumer spending this time, much less if there is any industrial(shrinking) demand.
People have no money for luxuries, and crushing stox will only cause deflation and money shortage.
If some big players pull prices up, it is a good speculative reason to join, but when correction will start, it will be very big and fast.
Paris ib 11:10 GMT February 11, 2016
USD sell off PART II
GOLD is part of the USD sell off. Up 2.5 percent today.
Who bought GOLD recently? Russia and China.
Paris ib 10:48 GMT February 11, 2016
the genie wants officially out the bottle
Now.... ish. But it won't be default. It will be taxing and reducing pensions, raising age limits, changing entitlements. In the case of private pensions and superannuation it is more likely you just lose your savings buddy and too bad. The process is underway. It also depends on how much 'they' can raise taxes on everyone else to convince people to keep the pension ponzi going a little longer. But it is already happening. In the UK pension entitlements are getting carved up.
\'GVI \'john 10:47 GMT February 11, 2016
My Thursday Trades
DAX -222
DJ -275
SP -33
10-yr
US 1.620% -5.4bp
DE 0.179% -6.7
UK 1.316% -8.8
wti $26.77 -0.68 ($27.46-$26.52)
EUR mostly higher on its crosses (repatriations?) weaker vs. CHF and JPY. Japan closed for a holiday Thursday.
'Israel' 'Dil' 10:42 GMT February 11, 2016
the genie wants officially out the bottle
PARIS IB
with ZIRP officially active, it takes off the cards an official hyperinflation and leaves only default of pension payments. when you see that to happen?
Hk Ab 10:39 GMT February 11, 2016
Gold
But might need to shake off the free rider monkey before marching, eg 1212.......LOL
Paris ib 10:38 GMT February 11, 2016
the genie wants officially out the bottle
The pension ponzi is everywhere. It was always a lie. Everywhere means everywhere in the industrialised world.
The refugee crisis is just noise in comparison. Noise which the U.S. is hyping of course. Why? Aiming to save the USD. Same old, same old.
'Mtl' 'JP' 10:38 GMT February 11, 2016
SHORT EURUSD
IF usd is backed by https://www.rt.com/usa/332106-james-martin-pentagon-faint/
Hk Ab 10:37 GMT February 11, 2016
Gold
Reply
If things are out of control, gold target before Fri is 1330....and 1530 before end of Feb
'HK' 'Kwun' 10:36 GMT February 11, 2016
Very Bullish
Reply
Buy Gold
Entry: 1223 Target: Stop: 1213
lucky i cut loss fast at 1212, now buy again
Paris ib 10:33 GMT February 11, 2016
gold
Part of the exodus from the USD.
'''Singapore''' '''SGFXTrader''' 10:30 GMT February 11, 2016
gold
Gold has been going up from 1060 since 2nd Jan 2016. Fierce!
kl shawn 10:23 GMT February 11, 2016
gold
1250 is minimum tonight
kl shawn 10:22 GMT February 11, 2016
gold
Reply
gold above 1220, very bad sign indeed....
PAR 10:12 GMT February 11, 2016
SHORT EURUSD
Reply
Ultimately the dollar is backed by the military power of the USA .
On top of that someone is going to make america great again .
Paris ib 10:02 GMT February 11, 2016
Does it really work like this and what does that mean?
Reply
"Democratic National Committee�s method of assigning delegates complicates the matter. There are eight �superdelegates,� party officials that are free to support any candidate they please � even if that support does not align with the wishes of voters. Six of those superdelegates have committed to Clinton, giving her a total of 15 delegates from New Hampshire as of Wednesday afternoon"
Weird democracy..
PAR 09:58 GMT February 11, 2016
MARGIN CALL - THE BIG SHORT
Reply
Those banks are so stupid and central bankers are even more stupid. But bankers have a fantastic lifestyle .
https://www.youtube.com/watch?v=rDlYm15ztK4
'''Singapore''' '''SGFXTrader''' 09:56 GMT February 11, 2016
My Thursday Trades
The return of the USD force starts today!
May the force be with you, young Jedi!
kl fs 09:52 GMT February 11, 2016
My Thursday Trades
poor Yellen, she must be shaking hard now, get her some aspirin and get oxygen ready, she might collapse on stage later on
\'GVI \'john 09:48 GMT February 11, 2016
My Thursday Trades
Reply
Update:
hard to get reliable levels this early.
US 10yr 1.6250 -4.88 bp
Yellen will have to address this today! These levels on the 10-yr do not even remotely correlate with her economic outlook!
''Singapore'' ''SGFXTrader'' 09:48 GMT February 11, 2016
Yellen part II
fs and ib,
Yellen will save USD. Load now. Insider news!
Paris ib 09:45 GMT February 11, 2016
Yellen part II
fs - the pension PONZI will be exposed for what it is soon enough.
If she tries to shore up Stocks the USD is toast.
kl fs 09:43 GMT February 11, 2016
Yellen part II
ib, all they care is stock market, Yellen is on a mission to save it, billions of pension funds worldwide depends on it, and now they are losing it....another generation is lost
'Singapore' 'SGFXTrader' 09:40 GMT February 11, 2016
Did you short EURO? See you at 1.1450
Buy USDJPY
Entry: Target: Stop:
Yes BTW, i have just long USDJPY. Long now!
I have just text Yellen. Done deal!
Amman wfakhoury 09:36 GMT February 11, 2016
EURUSD big move
ZIG ZAG pattern till 11290.
Return 11330 any rise will return to it.
Possible rise to 11375
GVI john 09:35 GMT February 11, 2016
BREAKING NEWS
Swiss CPI January 2016
--EARLIER DATA NEWS--
mm: -0.40% vs. -0.40% exp. vs. -0.40% prev.
yy: -1.40% vs. -1.30% exp. vs. -1.30% prev.
TTN: Live News Special Offer
PAR 09:32 GMT February 11, 2016
NIR
Reply
Draghi s negative interest rate policy was a great idea .
Markets are responding positively to insane bankers .
#ImpeachDraghi
Paris ib 09:31 GMT February 11, 2016
Yellen part II
As stock markets take a huge hit Yellen has to choose: the USD or the stock market. She goes for tightening rhetoric and the USD might see some buying (I would expect that to be short lived), she goes for easing rhetoric and the USD gets nuked.
Meanwhile back at the farm the U.S. led coalition of... (well what do you call them these days? Islamic terrorists?) is losing ground in Syria.
Syria
Paris ib 09:23 GMT February 11, 2016
BANKS
Since the beginning of the year, the stock prices of these select banks are down (as of COB Friday 2/5/16):
DB -28.3%
Credit Swiss -29.9%
MS -22.6%
C -22.0%
Barclays -21.7%
BAC -21.2%
UBS -20.3%
RBS -19.6%
That as of Friday 5th !!
PAR 09:19 GMT February 11, 2016
BANKS
Soci�t� G�n�rale. Down 12.5% .
Another Jerome Kerviel ?
Paris ib 09:17 GMT February 11, 2016
BANKS
"Maersk warns business conditions worse than during 2008 crisis"
From the FT
Amman wfakhoury 09:14 GMT February 11, 2016
EURUSD big move
Ternopil SMV 08:37 GMT 02/11/2016
Mr. wfakhoury, do you have any confirmed level for EUR/USD?
_____________________
It was 11324 and already reached ..no new one..but movement will be in zig zag pattern.
good for scalping
kl fs 09:13 GMT February 11, 2016
USD sell off PART II
Mr. Sakakibara got it right though re. usdjpy
Paris ib 09:11 GMT February 11, 2016
BANKS
PAR haven't read it, but maybe it is interesting?
Banks in trouble
PAR 09:07 GMT February 11, 2016
BANKS
Reply
$ billions of nonperforming loans to oil companies sitting on banks balance sheets .
Paris ib 09:04 GMT February 11, 2016
USD sell off PART II
Kyle Bass: one trick pony.
Hayman Capital's Kyle Bass... says that "this has been one of the worst years in the last ten."
That would have been 2015. And he has been a mega bull on USD JPY for a very long time. It would have worked for a while, the move from 80 to 125 can not be ignored. But Bass thinks he is smarter than he actually is. All the people who got the Sub Prime melt down were not THAT smart. They were simply not insane.
kl shawn 08:57 GMT February 11, 2016
USD sell off PART II
yeah someone f.up usdjpy, only 1 week ago we heard rosy 130 thing
'Paris' 'ib' 08:55 GMT February 11, 2016
USD sell off PART II
Yeah nut cases everywhere so you gotta think for yourself.
AUD under pressure here. JPY still the focus. Every time I think we have a pause the bottom falls out of this one.
'Hillegom' 'Purk' 08:51 GMT February 11, 2016
USD sell off PART II
There are a lot of conspiracies out there but also a lot of nutcases who find everything a conspiracy. I also believe that someone f.u. and something went terribly wrong... everywhere..
For now, trust you see that corrections are on their way. That said, 106 also possible for a 400 pip back 11026...
Paris ib 08:48 GMT February 11, 2016
USD sell off PART II
Purk I was totally mainstream until a few years after 9 11 when I happened on a link on Bull not Bull (now no longer updated). When I came to understand that maybe 9 11 was NOT what 'they' said it was... Then you start to wonder about a lot of things. IMVHO the guys behind 9 11 totally stuffed up. They took a huge risk, and despite the control of the mainstream media, there are too many people who question what is going on. In short 9 11 was a mistake by the powers-that-be. Seriously I wouldn't be surprised if it were confirmed that the Yanks never did get to the moon after all. 10 years ago I used to laugh at the conspiracy nuts. Trouble is the conspiracies now have more predictive power than the mainstream media. So if you go with the scientific method (keep a theory as long as it has predictive power) you have to be a conspiracy theorist. Who'd have thought it? :-)
Bull!!
Ternopil SMV 08:37 GMT February 11, 2016
EURUSD big move
Mr. wfakhoury, do you have any confirmed level for EUR/USD?
'Hillegom' 'Purk' 08:37 GMT February 11, 2016
USD sell off PART II
IB, It is hard for our fake governments to tell people that they are wrong. Guess they are afraid for civil unrest when they tell us what is really cookin'. Only thing is, more and more people are aware now and do not believe governments anymore. The rest is at work and do not give a damn except when they become unemployed...
We are not ruled by our governments, know that for 20-30 years, first i thought i was an idiot (well still am) but more and more signs are coming to the surface.
kl fs 08:35 GMT February 11, 2016
usdjpy
sorry that should read S3
kl fs 08:35 GMT February 11, 2016
usdjpy
day is still young, R3 is 110.40 by the way
kl shawn 08:34 GMT February 11, 2016
usdjpy
PAR, would not be surprised to see under 110 tonight ;)
Paris ib 08:32 GMT February 11, 2016
USD sell off PART II
Thanks Purk. What really occupies my mind is the real world consequences of this massive change in the global economic order and how to deal with it.
First risk: the nut cases decide to bomb everyone in a fit of pique.
Second risk: massive - through probably brief - economic slow down. (Though I would suggest that the USD block will have a longer lasting economic downturn.)
Stock up on Tuna Fish? No I don't think so. :-)
kl shawn 08:31 GMT February 11, 2016
gold
Reply
once manage to stay above 1250, there is no looking back
PAR 08:31 GMT February 11, 2016
usdjpy
Would not be surprised that it is the BOJ which is selling USDJPY .
kl fs 08:30 GMT February 11, 2016
usdjpy
Reply
hope lesson learnt, never based your trade on some hope from a false god or prophet or legend with no proper stop loss...
forex is a different animal
'Hillegom' 'Purk' 08:27 GMT February 11, 2016
USD sell off PART II
Good show IB. You called it, and trust you will get lots of Doekoe!
'Belgrade' 'Knez' 08:27 GMT February 11, 2016
cable
perth wtr 08:22 GMT 02/11/2016
lol, euro up, usdjpy down, but cable down?
look at EURGBP , and you will know why cable is down
kl fs 08:26 GMT February 11, 2016
usdjpy
Reply
BOJ, our god almighty, where are uuuuuu
'HK' 'Kwun' 08:24 GMT February 11, 2016
RSI is overbought
Sell Gold
Entry: 1206 Target: Stop: 1212
stopped first, not looking good
bali sja 08:24 GMT February 11, 2016
USD sell off PART II
the so called legend will come out and say buy usdjpy for the-nth time soon....zzzz
Paris ib 08:22 GMT February 11, 2016
USD sell off PART II
Next round of USD weakness coming up. EUR USD joining in but the bigger mover remains the USD JPY. Break of 112 opens the way for a near term test of 110 with a longer term target of 100, though I see no reason why we can't see 80 again - eventually.
Only caveat: the nut cases at the Central Banks of the world.
perth wtr 08:22 GMT February 11, 2016
cable
Reply
lol, euro up, usdjpy down, but cable down?
Paris ib 08:14 GMT February 11, 2016
USD/JPY: the canary in the coal mine
nh - in terms of trade and capital flows EUR USD is a sideshow. In terms of capital and trade flows USD JPY is where it is at. China is important if you like but who trades the Chinese currency? And the Chinese economy is only important as a slave colony for Western industry.
USD JPY is a proxy for Asia if you like. Japan is a de facto U.S. colony. It is occupied and has been since Captain Perry sailed in, though the real occupation happened after the U.S. launched two nuclear bombs. Recent policy moves in Japan - which took USD JPY off 80 - show just how much control the U.S. has over Japan. The BoJ did more to save the USD than the FED could or did.
So for me the USD/JPY is a litmus test. If, despite the manipulation, they can't hold it - and it's NOT holding - then the USD has a real problem.
FWIW it is my contention that the U.S. domination of global economics and finance has not been achieved via consensus or cooperation. Should it become clear that that hold is weakening - and I believe it is - then the movement away from the USD could very easily become an avalanche. Geopolitics, and the emergence of a determined Russian resistance only adds fuel to the fire.
So for me the USD/JPY is the canary in the coal mine. Pay attention when it moves.
The Russian Phoenix: Hope or Illusion?
perth wtr 07:35 GMT February 11, 2016
Yellen part II
market needs a trigger or excuse though, and Yellen would be it, even if the move has been premeditated before
HK RF@ 07:23 GMT February 11, 2016
Yellen part II
perth wtr
Do not attribute her too much.
The market is in a runaway mode!
perth wtr 07:10 GMT February 11, 2016
Yellen part II
Reply
are we expecting Yellen to send usd tumbling again later today?
kl shawn 06:42 GMT February 11, 2016
SELL USDJPY
Reply
mamma mia, things start accelerating more...2 figs a day, soon 10 figs a day
HK Kwun 03:31 GMT February 11, 2016
RSI is overbought
Reply
Sell Gold
Entry: 1206 Target: Stop: 1216
WTF, this U turn is unexpected. Auntie Yellen, you play gold too? I sell again now
Hong Kong 02:50 GMT February 11, 2016
AceTrader Feb 11: Daily Outlook (USD/JPY)
Reply
11 Feb 2016 00:02GMT
DAILY USD/JPY OUTLOOK - 113.58
Dlr's intra-day selloff below Tuesday's 114.21 low (now res) to a fresh 15-month trough of 13.12 after Fed Yellen's testimony suggests MT fall from 2015 top at 125.86 would resume towards 112.85 after consolidation, 'loss of momentum' should keep dlr above 112.45.
Lower short entry for 113.00 1st and only a daily close above 114.21 signals temp. low made, 115.00.
HK RF@ 02:42 GMT February 11, 2016
Indian Point tritium leak 80% worse than originally reported
Reply
New measurements at the Indian Point nuclear power plant in upstate New York show levels of radioactive tritium 80 percent higher than reported last week. Plant operator insists the spill is not dangerous, as state officials call for a safety probe.
Entergy, which operates the facility 25 miles (40 km) north of New York City, says the increased levels of tritium represent �fluctuations that can be expected as the material migrates.�
�Even with the new readings, there is no impact to public health or safety, and although these values remain less than one-tenth of one percent of federal reporting guidelines,� Entergy said in a statement
New York governor Andrew Cuomo raised an alarm last Saturday over the reports of groundwater contamination at Indian Point, noting that the company reported �alarming levels of radioactivity� at three monitoring wells, with �radioactivity increasing nearly 65,000 percent� at one of them.
The groundwater wells have no contact with any drinking water supplies, and the spill will dissipate before it reaches the Hudson River, a senior Entergy executive argued Tuesday, suggesting the increased state scrutiny was driven by the company�s decision to shut down another nuclear power plant.
LINK
'Livingston' 'nh' 01:44 GMT February 11, 2016
tomorrow
Reply
The interlocutors had no clue so Yellen got a pass -- anybody here looking at the 2/10 curve? Its the FED that is pushing the US towards recession levels
Tallinn viies 01:13 GMT February 11, 2016
eurusd
Reply
wti crude at new multi year lows 26.88 -1.8%
next trget 25 the figure. long long waited theoritical hypotetical bottom.
seems crude is driving stocks after hours
kl fs 00:57 GMT February 11, 2016
USD/JPY: the canary in the coal mine
nice nice, yesterday under 115, today they will keep the lid at 113? 110 by end of friday and possibly lower if panic sets in, this is not panic just yet and BOJ is happy with this pace, they won't intervene
'Belgrade' 'TD' 00:27 GMT February 11, 2016
Daily TA trade
too much noises ... close remaining Short /NQ (NAS100) from 3994 right here ~3955 ... will see tomorrow
'Livingston' 'nh' 00:08 GMT February 11, 2016
USD/JPY: the canary in the coal mine
ib - I don't know which of your posts re:USD/JPY to respond to -- this seems the oldest so -- exactly why do you believe the yen is critical to USD value? -- as I mentioned earlier this is a Japanese focus problem not USD related
My thought is that China was irrelevant prior to HK takeover and that the Asian balance re:JPY was rearranged after ~2004
I'm pretty sure Broader Conclusions of the USD position re: the World should not be based on a single currency
We are starting an affiliate program to market some of our products.