dc CB 21:02 GMT March 2, 2016
Trump is coming: All mice to the exits.
Obama frontruns Trump
The Wall Street Journal reports, The Department of Commerce Tuesday imposed preliminary duties on imports of cold-rolled steel, used to make auto parts, appliances and shipping containers, from seven countries including China, whose steelmakers were slapped with a massive tariff.
The duties, set at 265.79% for Chinese steelmakers, will be imposed within the next week but must still be confirmed in a final determination scheduled for this summer. They are meant to punish dumping, or selling below cost. to improperly gain market share. Chinese officials have denied the practice.
After enduring one of their worst downturns ever, American steelmakers are now counting on tariff protection to help ride out a weak market. A slowdown in the steel-heavy oil-and-gas industries combined with a boom in Chinese exports has deflated steel prices around the world.
US Unleashes Trade War With China
nw kw 20:23 GMT March 2, 2016
food price fear, bnn. cad.
Mtl JP 19:10 GMT March 2, 2016
importance of the report = risk of players reaction measured in +/- pips
magnitude of +/- pips is what makes it whether its tradable or not
if the reaction is under 10 pips .... pffft probably a losing trade the news thinggie
this one too turning out to be a wet noodle today
dc CB 19:06 GMT March 2, 2016
The Oscar's are TOOOOOO WHITE....I Protest
GVI Forex john bland 19:05 GMT March 2, 2016
Republican Ben Carson suspends his campaign.
dc CB 19:02 GMT March 2, 2016
isn't it clear, E&P companies have loaded themselves up with debt taken on when oil was well above $50 (if you recall, $50 used to be touted as the BEven line as oil was falling from the mid 70s).
Rex won't buy them, no one will lend them anymore...soooooo they are now floating stock offerings...and basically Rex is hinting that buying that is not such a good idea...Mr Institutional betting OPs 401K money.
AND the Machine Traded Award of the Day goes to....the envelope please
GVI Forex john bland 18:58 GMT March 2, 2016
rating refers to MY SUBJECTIVE OPINION on the importance of the report, not whether its tradable. Not all "A" reports are tradable. That can depend on what the report says.
Mtl JP 18:54 GMT March 2, 2016
john bland 18:42 - how - if - is the A release tradeable ?
Mtl JP 18:47 GMT March 2, 2016
what - do u think - is wrong with Rex Wayne ?
... like buying a house with a big mortgage: there's not a lot of equity there = value's been destroyed ...
value (vs price) depends on what one is buying a house for - value is that for which is the use of it
like what is the value to u of a healthy camel in the middle of a desert ?
GVI Forex john bland 18:42 GMT March 2, 2016
Fed's Beige Book is due at the top of the hour. This will be one factor of many that will be considered af the Fed policy meeting in two weeks time.
dc CB 18:35 GMT March 2, 2016
Rex Wayne Tillerson, Chairman, President, and CEO of Exxon Mobil Corporation:
*on buying a US E&P company: "It's like buying a house with a big mortgage: there's not a lot of equity there"
*on oil M&A: "It’s getting more difficult, not easier" to do deals. "The value's been destroyed, but expectations haven't changed"
*"There's a lot of quality resources out there. It's just how they've been encumbered [with debt]" that stops Exxon from buying them
Dubai Tony 18:31 GMT March 2, 2016
Entry: Target: Stop:
Currently USD/JPY trading at around 113.50.Where do we see the movement of this pair from here on.TIA.
Mtl JP 18:22 GMT March 2, 2016
last category A risk release at top of hour on this narrow range day sofar
19:00 A US FRB Beige Book
I want to believe this one has odds of moving players a bit
probably best played by way of a bracket order few moments before 19:00
Israel Dil 18:20 GMT March 2, 2016
21st century refugees due to 'I want to sell my stuff in a currency of my choice'
dc CB 17:30 GMT March 2, 2016
With oil prices recovering, share prices have also risen from the offering, further enticing other producers to follow suit.
This is the proverbial "we've hit a bottom" thesis, based on nothing more than other "investors of other people's money" saying, or rather praying, that we've hit a bottom.
"People are seeing oil prices start to bounce back, and they’re starting to think that maybe we’ve found a bottom and can turn it around," said Carl Larry, head of oil and gas for Frost & Sullivan LP. “These share offerings are an opportunity for institutional funds to get into the energy play."
As A Frenzied Wall Street Buys Shale Equity Offering At A Record Pace, Exxon's CEO Has A Stark Warning
PAR 17:16 GMT March 2, 2016
Venezuela is bankrupt . Next refugees from Venezuela fleeing to Calais .
Mtl JP 16:52 GMT March 2, 2016
sl on short gbp at cost + a few to trail
dc CB 16:49 GMT March 2, 2016
well when you can't issue debt....sell stock.
re: dc CB 22:02 GMT March 1, 2016
Mtl JP 16:44 GMT March 2, 2016
says sherlock :
dc CB 16:39 GMT March 2, 2016
GREECE IS FIXED!!!!!
VENEZUELA SAYS MEETING SOON WITH 15 OR MORE COUNTRIES
GVI Forex john bland 16:31 GMT March 2, 2016
Despite a strong recovery. &P only about even on the day.
PAR 16:19 GMT March 2, 2016
Mtl JP 16:09 GMT March 2, 2016
short gbp 1.408
GVI Forex john bland 16:07 GMT March 2, 2016
Bexit poll 41% stay 41% leave
Mtl JP 15:41 GMT March 2, 2016
Mtl JP 14:43 GMT February 23, 2016
I like the VDO and SUN of the oil field
storage refining retailing
PAR 15:39 GMT March 2, 2016
This 214000 ADP sets up for NFP of above 250000.
Construction spending was almost all government spending . In an election year the government is sure to add at least 40000 jobs ( voters) a month . So that brings us to a NFP of at least 255.000.
Why is the forecast 200.000 ?
PAR 15:34 GMT March 2, 2016
Thats good news . Invest in companies which store crude.
At least if the owners of the crude can pay for the storage .
dc CB 15:34 GMT March 2, 2016
quick quick somebody spin this
get crude up to $35
dc CB 15:33 GMT March 2, 2016
CUSHING STOCKS +1.2M TO 66.3M BARRELS
GVI Forex john bland 15:31 GMT March 2, 2016
Belgrade TD 15:26 GMT March 2, 2016
PAR 15:14 GMT 03/02/2016
even with extreme optimism, a fusion power in practical applications, certainly not before 2030 ... IF ...
PAR 15:14 GMT March 2, 2016
Economic non sense. Crude demand is declining not because of an economic downturn but because of more efficient energy consumption and alternative energy.
If European nuclear fusion works we will no longer need crude . Is that bad . I don't think so. Should Draghi lower rates because crude prices go down because Europe invested in efficiency and alternatives.
Draghi is not serving the interest of the European citizens but the interest of obsure mafiosi businesses
Lower oil prices are not a sign of deflation or economic downturn. It reflects progress.
FW CS 14:59 GMT March 2, 2016
gbpusd sell also at 10 day MA may work as well if it can get there.
Mtl JP 14:38 GMT March 2, 2016
14:36 is a prediction
Mtl JP 14:36 GMT March 2, 2016
another A category risk data fizz; 0:3 sofar
15:30 A US EIA Crude
Mtl JP 14:13 GMT March 2, 2016
do we sell gbp here at 1.4035 or wait to see 1.4080+ to short ?
dc CB 13:59 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected
from the cynic's corner.
There's now another "factor".
Mark Zandi - Chief eCONomist at Moody's ANALytics -which puts out the ADP every month. Bad NEWZ, NO Obama recovery = no 4 more years = Hillary loses = Trump wins = Mark Zandi out of a job as The Donald will undoubtly have his own "Fudge (then numbers) Factory" release the "DATA" ...
All data is now personnal. lol
Mtl JP 13:47 GMT March 2, 2016
Res 2 1.3609
Res 1 1.3503
nh if u r long first tp trgt 1.3545
gv chartpoints: THE price points authority
Livingston nh 13:44 GMT March 2, 2016
CB - stox futures fading as FEAR Factor creeps back into Treasurys -- maybe stox realize the Fed is watching
dc CB 13:41 GMT March 2, 2016
big battle going on pre market in gold, euro,jpy, treas,
Big 15 min candles railroad tracking for the past 45 mins...red green red green...must be christmas
Mtl JP 13:37 GMT March 2, 2016
nh maybe u get lucky w/usdcad
I like long on break N of 1.3450
use 50 as sl
dc CB 13:31 GMT March 2, 2016
BREAKING NEWS: U.S. ADP Private Employment Stronger Than Expected
Mark Zandi, chief economist of Moody’s Analytics
“Despite the turmoil in the global financial markets, the American job machine remains in high gear. Energy and manufacturing remain blemishes on the job market, but other sectors continue to add strongly to payrolls. Full-employment is fast approaching.”
Mtl JP 13:25 GMT March 2, 2016
next A risk category :
19:00 A US FRB Beige Book
Mtl JP 13:20 GMT March 2, 2016
another A risk category misclassification:
13:15 A US ADP Jobs
5min bar 10 pip range
Livingston nh 13:17 GMT March 2, 2016
USD/CAD - some bounce (CATZ?) expected soon as shorter term charts improve but daily remains in downtrend - maybe interest rates take the baton from oil to drive this one back towards 1.38
Mtl JP 13:09 GMT March 2, 2016
nh If Trump wins the upcoming U.S. election, Cape Breton Island is ready to welcome Americans looking for refuge in Canada
Mtl JP 13:01 GMT March 2, 2016
nh ur nemesis puppy - if u want to short it some decent rr levels against which to take a flier
Livingston nh 12:58 GMT March 2, 2016
JP - in US the election seems to have motivated the villagers to take up pitchforks and march to the castle -- will Canada take the refugees?
GBP/JPY floating higher
Mtl JP 12:53 GMT March 2, 2016
re fundamentals matter ...
GVI Forex Jay 15:12 GMT April 21, 2010
Many have heard me say over the years to never count on central banks to bail you out of a position.
GVI Forex Jay 17:21 GMT March 23, 2010
There is an old saying in forex trading not to count on central banks to bail you out of a position.
GVI Forex Jay 13:46 GMT March 23, 2010
JP, as I have said many times, I never count on CBs to bail me out.
players in thrall to "fundamentals" deserve what they get
GVI Forex john bland 12:43 GMT March 2, 2016
ADP Private payrolls for Feb due at 13:15 consensus +180K vs. +205 for January. Its a unreliable forecast, but it does strongly influence the tone for street expectations for NFP on Friday. The employment sub-component of the ISM Service PMI tomorrow tends to influence the outlook for payrolls as well. The Friday data could be influential for the Fed meeting on March 16. Keep in mind, markets move well in advance of these meetings.
Obviously, whether you like the fundamentals or not, they matter. The EURUSD is weak now in anticipation of the ECB meeting over a week from now. In most cases, central bank policy decisions only confirm what the markets have already priced in weeks in advance.
GVI Forex john bland 10:35 GMT March 2, 2016
equities turning south after trading higher earlier
US 1.846% +2.1 bp
DE 0.201% +4.6
GB 1.443% +8.2
JP -0.030% +3.3
wti $33.80 -0.60 ($34.28-33.62)
EUR mostly higher on its crosses. It is about steady vs. USD and sharply lower vs. AUD
Hong Kong HK 10:17 GMT March 2, 2016
AceTrader Mar 2: Daily Recommendations on Major -USD/JPY
Update Time: 02 Mar 2016 08:47 GMT
USD/JPY - 114.21
Despite the greenback's selloff to a fresh 2-week trough at 111.04, subsequent strong rebound suggests further choppy trading above February's low at 110.99 would continue with upside bias and gain towards 114.30/40 is likely to be seen.
However, as broad outlook remains consolidative, reckon resistance at 114.88 should remain intact and bring another fall later today or early tomorrow.
On the downside, only below 111.04 would revive bearishness for a re-test of 110.99, break would confirm recent downtrend has resumed and yield further weakness towards 110.40/50.
nw kw 10:16 GMT March 2, 2016
Saudis happy so cut production in time to than usa happy.
GVI Forex john bland 10:01 GMT March 2, 2016
Eurozone PPI February 2016
mm: -1.00% vs. -1.00% exp. vs. -0.80% prev.
yy: -2.90% vs. -3.00% exp. vs. -3.00% prev.
TTN: Live News Special Offer
PAR 09:45 GMT March 2, 2016
Crude stays strong despite massive oversupply . OPEC revenues boosted by stronger dollar which compensate for lower crude price, Saudis happy. USA happy.
nw kw 09:42 GMT March 2, 2016
Forex john do have GDP chart capering different ecos. tks.
nw kw 09:32 GMT March 2, 2016
is gbp supported? eur GDP to gbp, markets on.
GVI Forex john bland 09:30 GMT March 2, 2016
UK data miss
nw kw 09:29 GMT March 2, 2016
ECB trashed gbp beater deal, bloom.
GVI Forex john bland 09:26 GMT March 2, 2016
- No major surprises from the "Super Tuesday" results in the U.S. Hillary Clinton is now
well on her way to get the Democrat Party nomination, While Donald Trump continues to
advance in the Republican Party. Trump is not quite as far along in securing the nomination
- Markets are in a "Risk-On" posture again today as there is a growing market perception
that the global economy is getting onto a firmer footing.
- In a letter, ECB President Draghi hinted that the central bank is preparing to take
further stimulus actions at its meeting in just over a week's time.
nw kw 09:25 GMT March 2, 2016
SPDR keep increase holding
Singapore and gold, chart lead some good moves some one on this chart? tks.
nw kw 09:13 GMT March 2, 2016
SPDR keep increase holding
cad and aud has good GDP from gov. spending is usa still new construction support .for its is in cad part china on flee, and china carry trade on bloon.
nw kw 09:05 GMT March 2, 2016
SPDR keep increase holding
SPDR keep increase holding
nw kw 07:18 GMT 03/02/2016
market now focusing on inflation rather than employment, wow how wins?
BNN. cad food to hi swop weat for vegs crops so usa has food inflation to?
nw kw 08:59 GMT March 2, 2016
investment push if there confident, or -interest from gov bogy man. gl.
nw kw 08:56 GMT March 2, 2016
put oil to work and market adsorb the hit 6munts or no.
sell cars cheap gas.
bali sja 08:49 GMT March 2, 2016
PAR usdjpy and stocks to soar it seems
PAR 08:47 GMT March 2, 2016
Three days later it appears G20 Shanghai was a huge succes adding $ billions to the world economy .
bali sja 08:46 GMT March 2, 2016
115 a done deal later tonight?
PAR 08:41 GMT March 2, 2016
No way UK to allow LSE to merge with Deutsche Borse .
PAR 08:35 GMT March 2, 2016
** U.S.A. - February ADP Employment **
- As some of the rather overblown concerns about the US economic outlook start to ebb, today's ADP Private Employment estimate will be closely watched, though as ever and more than amply demonstrated in January, the read through from this report to Friday's official data is anything but solid, not even in directional terms. Be that as it may the ADP measure (which will also include annual revisions) is seen at 188K vs. January's 205K, which contrasts quite sharply with a headline Payrolls consensus of 190K vs. January's 151K and Private Payrolls forecast of 195K vs January's 158K. As ever some attention needs to be given to the indicators on SME Employment, with the latest NFIB Small Business Optimism survey suggesting a further weakening of labour demand among SMEs
Hong HK 03:12 GMT March 2, 2016
Australia's economy outpaced all forecasts at the fastest pace in almost two years
Intra-Day Market Moving News and Views (AUD/USD)
02 Mar 2016 02:38GMT
AUD/USD - ...... AUD maintains a firm undertone after jumping from 0.7166 to 0.7236 after release of upbeat AU GDP data. Reuters later reported Australia's economy outpaced all forecasts to grow at the fastest pace in almost two years last quarter as strength in consumer and government spending offset the heavy drag from a global mining slump.
Gross domestic product (GDP) expanded by 0.6 percent in the fourth quarter, from the previous quarter when it rose an upwardly revised 1.1 per cent.
That propelled growth for the year to 3 percent, well above the 2.5 percent that had been expected by both analysts and the Reserve Bank of Australia (RBA).
The central bank has held rates steady since May last year and just this week skipped a chance to ease, saying it saw "reasonable prospects" for growth.
RBA Governor Glenn Stevens did say there would be scope for further easing given that inflation looked set to remain low, and investors are still wagering he will have to move eventually given headwinds facing the global economy.
However, the timing has been pushed out with interbank futures now implying a 45 percent chance of a cut by May, compared to 60 percent before the data.
The RBA has made it clear it would prefer any further stimulus to come through a lower Australian dollar, but is being thwarted by the drastic easing of central banks elsewhere.
dc CB 01:04 GMT March 2, 2016
I suppose many younger readers don’t know who Jim Finlayson is pictured above. He was the original “D'oh!” guy from Laurel & Hardy films. It’s appropriate to display him Tuesday given how weird today’s rally was.
As ZH pointed out this morning at 10 AM and again at 11 AM, two conflicting headlines attempted to explain Tuesday’s rally. The first was based on hope while the second just an hour later was just a lie.
Dave's Daily ETF
hk ab 00:49 GMT March 2, 2016
around the clock intervention.........
Tallinn viies 00:12 GMT March 2, 2016
Moody's Investors Service has today changed the outlook to negative from stable on China's government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf rating.
The key drivers of the outlook revision are:
1. The ongoing and prospective weakening of fiscal metrics, as reflected in rising government debt and in large and rising contingent liabilities on the government balance sheet.
2. A continuing fall in reserve buffers due to capital outflows, which highlight policy, currency and growth risks.
3. Uncertainty about the authorities' capacity to implement reforms -- given the scale of reform challenges -- to address imbalances in the economy.
At the same time, China's fiscal and foreign exchange reserve buffers remain sizeable, giving the authorities time to implement some reforms and gradually address imbalances in the economy. This underpins the decision to affirm China's Aa3 rating.
Mtl JP 00:05 GMT March 2, 2016
out little earlier
DUBAI (Reuters) - Oil producers should freeze production if they cannot agree on a cut to balance the global oil market, the United Arab Emirates energy minister was quoted as saying on Tuesday.
(Reuters) - Bank of Nova Scotia , Canada's third-largest bank, said on Tuesday it had set aside more funds to cover bad loans in the oil and gas sector and warned of worse to come as the slump in crude prices hurts its energy clients.
Scotiabank, which has the biggest direct exposure of the major Canadian banks to the oil and gas industry, followed rivals Royal Bank of Canada , Bank of Montreal and Canadian Imperial Bank of Commerce in reporting increased bad loan provisions in the first quarter.