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Forex Forum Archive for 05/28/2016
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GVI Trading Room john 22:51 GMT May 28, 2016
nh- have noticed that the Fed crew have recently lowered their acceptable monthly increase in NFP to +100K?
Livingston nh 22:43 GMT May 28, 2016
I have posited that Yellen's D-day speech might need to deal with a disappointing employment report -- ahh, but what if it is stellar, E.g. 310K -- she may need to really scramble that weekend
Livingston nh 22:25 GMT May 28, 2016
JP - Productivity whining is a pet peeve of mine - it, like many of our economy measures, has failed to keep up with the changed nature of the US and most "developed" economies
We have been in a Post-industrial service based economy for many years and the consequences of this affect our standard of living as well as our cost of living (the only critical measure of inflation)
We now have a service based economy with most of the non-productive immeasurable portion of that economy based on government regulation (i.e., a tax) - consider how many people owe their employment to regulation - accountants, lawyers, "Human Resource" professionals (ha!), education professionals (latest example Bathroom monitor/ construction) and the inefficiencies in this wasteland have major ripple effects thru time
We dwell on the soft science crap ( sociology, political science, economics et al) but try to get a plumber or electrician this weekend
I never had less than 40 kids in my class until my junior year in college (BABY BOOM) but now the overburdened teachers want 18 in elementary class "to keep up" w/ the neighbors (no more time to teach script -just use your printer)
How productive is the TSA version of Homeland Security in the airport business? If you have to travel from NYC to Chicago for a meeting your productivity would increase by walking
GVI Trading Room john 21:47 GMT May 28, 2016
WEEKLY HIGH IMPACT NEWS:
00:00 GB/US- Holiday
07:55 DE- Employment
09:00 EZ- flash HICP
12:30 US- Core PCE Deflator
13:45 US- Chicago PMI
14:00 US- Consumer Confidence
00:30 AU- GDP
all day Global PMIs
18:00 US- Beige Book
11:45 EZ- ECB
12:15 US- ADP
12:30 US Weekly Jobless
15:00 US- Crude
all Day Global PMIs
12:30 US- Employment
Trading Themes --
- For once Fed Chair Yellen did not disappoint the markets. On Friday she said that a rate
hike in "coming months" probably would be appropriate. I take "coming months" to mean June or July. Her statement gives her room to delay a hike should "Brexit" become an issue. Her comments came after many traders had given up hope for a policy statement.
- The EURUSD has tested the psychological 1.1200 line early Friday, but then traded sharply lower close to the 1.1100 level after chair Yellen signalled a rate hike possibly as early as on June 15. There has been no doubt recently that the Fed wants to raise rates soon. Doubts only have been about timing.
- Both Japanese National and Core CPI remain in contraction (-0.3% y/y) as of April. The latest data keep the pressure on the BOJ to take actions to lift the economy out of its persistent deflation.
John M.Bland MBA
tokyo joyya 16:02 GMT May 28, 2016
Mtl JP 18:47 GMT 05/27/2016
yes 111.5/8 right?i am waiting for that now for add...
nw kw 03:51 GMT May 28, 2016
Whoa Killer Volume
Commodities brokerage Marex Spectron Group Ltd expects to attract clients looking for alternatives as more banks cut their exposure to commodities trading, Chief Executive Ian Lowitt told Reuters.
Banks are cutting back on commodities trading as part of efforts to focus on more profitable businesses and those that require less capital.
Commodities-related revenue at the 12 biggest investment banks tumbled 40 percent in the first three months of the year, financial industry analytics firm Coalition said on Tuesday
dc CB 02:32 GMT May 28, 2016
Whoa Killer Volume
OMG look at all them TRADERS
48 million OMG OMG
it must be the day After Christmas
Actionable trading levels delivered LIVE to YOUR charts
GVI Trading. Potential Price Risk Scale
Mon 27 May 2019
AA: Major, A: High, B: Medium
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan
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