Mtl JP 23:59 GMT January 30, 2019
News Flash
nh - that from European Union's chief Brexit negotiator Barnier... "le cretin des alpes" -- UK MUST get its sh!t together and bite like dog that is being beaten before it gets totally humiliated and dies
Livingston nh 23:20 GMT January 30, 2019
News Flash
Reply
Guardian-
"Britain must pay the £39 billion Brexit bill even if it leaves the EU without a deal, the European Commission has warned."
Ha ha aha
Must Pay? - cheaper to go to war -- capture Belgium and seek ransom
Livingston nh 23:02 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
CB - re:FAANG and gold -- I am still staggering at the Fed position BUT I have never equated Gold w/ stox even back in the tech bubble // if the USD drops and the Treasury yields are negative I would always think gold positive (anticipating inflation) - in the bizarre monetary world of today does gold spec money flow into FAANG?
dc CB 22:59 GMT January 30, 2019
The Fed Makes a Major Monetary Policy Turn
"One Thing You can’t say about Jerome Powell is that he is not decisive." LOL
''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''
that is great reframing of the Classic Sat Nite Live line from the Three Mile Island techs debate what to do as it is meltingdown.
"Remember, you can't put too much water in a nuclear reactor"
back when the show had wit and was funny.
GVI Forex Blog 21:59 GMT January 30, 2019
The Fed Makes a Major Monetary Policy Turn
Reply
John M. Bland, MBA, co-founder, Global-View.com
Fed Chair Powell Signals Major Changes In Policy One Thing You can’t say about Jerome Powell is that he is not decisive. As widely expected, the Fed kept interest rates steady at its January 30 meeting. Many were predicting a dovish bias at the meeting and on this he delivered. Personally I was expecting a more neutral posture. Powell sent the message that policy is “data dependent”, but the central bank can now be patient in deciding if it needs to raise rates again...
The Fed Makes a Major Monetary Policy Turn
dc CB 21:08 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
Over 50% of the Dow's gains today came from Apple and Boeing.
Cheap Joy tonite as the Evening NUZ reports: YowZa, your 401K is Up Big Today. Only had to pile into 2 SToX:)))))
Livingston nh 20:49 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
JP - check out ZAR
What I think is Powell has blown a great hole in my 10 yr hence my model for Rates rates rates -- I see revenue fails in Stox which are usually corrected by SLY maneuvers in package size or in service industries w/higher fees (i.e., inflation w/ a lag) POOF!!
Ah, Candide, it is the Best of all possible worlds
Livingston nh 20:29 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
We'll see if Powell just set the yield curve in play -- absent inflation the 10 yr will start to decline as the balance sheet reduction is now "flexible"// Bonds will stay friendly until inflation shows up
GVI Forex Jay Meisler 19:51 GMT January 30, 2019
BREAKING NEWS:
No stops at 1.15, defended on 1st stab
london red 19:43 GMT January 30, 2019
BREAKING NEWS:
euro. break of 11526 channel leads to 200dma test which will not be broken on first test on closing basis. 11526 not an easy task be advised.
dc CB 19:42 GMT January 30, 2019
BREAKING NEWS:
the Trump Trifecta: SToX Up, Yields Down, Dolla' Down.
Fly in the oinment - Gold over 1320---No Trust.
GVI Jay 19:39 GMT January 30, 2019
BREAKING NEWS:
Powell said there is a doc on balance sheet along with the statement.
Livingston nh 19:38 GMT January 30, 2019
BREAKING NEWS:
No mention of Balance Sheet in statement but will certainly be questions in Presser -- potential for whipsaw if Powell doesn't throw the market a bone
Livingston nh 19:19 GMT January 30, 2019
BREAKING NEWS:
Well now we have PATIENT enshrined in the Fed Pantheon of Buzzwords - SPX as close to 2685 as it has been in months
dc CB 19:19 GMT January 30, 2019
Natty Gas
Xcel spokesperson Matt Lindstrom said extremely cold weather is causing �significant� strain on the utility giant�s natural gas system.
london red 19:17 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
cable. break abv 13122 sees 13161-69 zone test. all depends if powell adds to fire in speech. u wud expect usdjpy to eventually find a bottom on risk on. below 109 might be a bridge too far here.
Mtl JP 19:01 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier last year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Although market-based measures of inflation compensation have moved lower in recent months, survey-based measures of longer-term inflation expectations are little changed.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent. The Committee continues to view sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes. In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.
Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; Esther L. George; Randal K. Quarles; and Eric S. Rosengren.
Implementation Note issued January 30, 2019
GVI Forex 18:42 GMT January 30, 2019
BREXIT
13:41 (UK) EU's Tusk: the Brexit withdrawal agreement is not open for renegotiation - "Yesterday, we found out what the UK doesn't want. But we still don’t know what the UK does want" - Source TradeTheNews.com
dc CB 18:28 GMT January 30, 2019
Natty Gas
Reply
selling off for days in the face of the Polar Vortex Life Threatening Cold. Danger in the Upper Midwest.
OOOPPPPPPPS...sorry your pipes froze.
+++++++++++++++++++++++++++++++++++++++++++++++++
Xcel Energy, the largest utility company in Minnesota, is urging customers to lower their thermostats to prevent natural gas shortages as a deadly arctic deep freeze enveloped the Midwest.
In a Wednesday statement, Xcel spokesperson Matt Lindstrom said extremely cold weather is causing “significant” strain on the utility giant’s natural gas system. The company is asking for residents in central Minnesota, including the areas of Princeton and Big Lake, to lower their thermostats below 60 degrees. It is unknown how many customers will be impacted by the possible shortages.
“We need those in Becker, Big Lake, Chisago City, Lindstrom, Princeton, and Isanti to reduce use of natural gas. Until further notice, you are urged to turn down your thermostat to 60 degrees or lower and avoid the use of other natural gas appliances including hot water,” Lindstrom said.
Xcel is suggesting customers use electric space heaters to heat their homes.
Livingston nh 18:05 GMT January 30, 2019
CABLE
non-technical EUR about to hit selling as European political leaders comment on 'no deal' nightmare but EU insists on principles and no cherry picking --- Vradakar and Coveny whining about SOLIDARITY on Backstop (hhah see what happens as the sand runs down) -- NO deal No backstop
GVI Jay 17:42 GMT January 30, 2019
CABLE
Look at your EURGBP Amazing Trader chart and ,8745 resistance. Cross is bid but keeps running into a wall at this level, one restraint on the GBPUSD downside.
The Amazing Trader
Mtl JP 17:41 GMT January 30, 2019
Wednesday Trading Checklist 29 January 2019
Trader - friends ?
no friends no enemies - just friendly from a distance
sometimes they r useful tool on whose back to try to make pips
kuroda can be nasty challenge
poloz probably the easiest
Mtl JP 17:27 GMT January 30, 2019
CABLE
nh yesty 1.3060 pinked up BUT holding 1.31 was fleeting
I too m currently leaning bearish as s/t upside looks feeble
GVI 17:27 GMT January 30, 2019
BREAKING NEWS:
EU govts reportedly now see an extension of Brexit deadline as increasingly likely - press - Source TradeTheNews.com
Livingston nh 17:21 GMT January 30, 2019
CABLE
Reply
GBP/USD couldn't sustain above 1.31 - Corbyn said PM discussed Customs Union -- hmmm, maybe easier to get CU w/ no restriction on new trade deals ex EU than dealing w/ the pesky Irish // anyway 1.30 now in sight
GVI 17:21 GMT January 30, 2019
BREXIT
12:20 (UK) EU govts reportedly now see an extension of Brexit deadline as increasingly likely - press - Source TradeTheNews.com
Mtl JP 17:11 GMT January 30, 2019
Winners and Losers
winners and losers
---------------------
Tesla reports after hrs today
Mtl JP 15:43 GMT January 30, 2019
BREAKING NEWS:
this Juncker / barnier crew and and rest of eu princes
need to be put into their right place
otherwise they will continue to be increasingly condescending and contemptuous
Mtl JP 15:36 GMT January 30, 2019
BREAKING NEWS:
the gall ... the pomp of Juncker
to pass judgement of UK people vote as bad decision
PAR 15:35 GMT January 30, 2019
BREXIT
Reply
Either Ireland joins the UK or Northern Ireland joins Europe .
Europe needs hard borders and Queen May is not going to change that .
Deal not negationable but already M&M , Macron & Merkel willing to negotiate.
GVI 15:27 GMT January 30, 2019
BREAKING NEWS:
EU's Juncker: Current Brexit deal on the table is the only one possible - comments in Brussels - It's a bad decision for the UK to leave the EU - Source TradeTheNews.com
Mtl JP 15:15 GMT January 30, 2019
BREAKING NEWS:
not nuff qualify for loans
must be some new record
haifa ac 14:55 GMT January 30, 2019
Tips in FOREX
very similar fields. In both of them you should drive very carefully.
Livingston nh 14:19 GMT January 30, 2019
Away from the FED
Reply
USD/MXN and USD/SGD may have put in double bottoms (w/MACD turning) -- USD/BRL may have some upside as VZ heats up
Mtl JP 14:18 GMT January 30, 2019
BREXIT
CB 13:53 did u enjoy the piece ?
London DW 14:10 GMT January 30, 2019
Reply
Buy USDCHF
Entry: Target: Stop:
As an Auto Mechanic, Can someone give tips on FOREX Industry? Thanks guys!
Livingston nh 13:40 GMT January 30, 2019
Will the USD trade lower ahead of the FOMC?
jp - CB has been talking about the QT schedule for months // the Balance Sheet will lose over 90 bio of Treasurys in the next 60 days or so due to maturity of the issues - all of the MBS are in the over 10 yr maturity still // it appears that the Fed is just letting Treasurys run off (but note that the OLD balance sheet had all S/T Treasurys, so there is a qualitative difference in composition that is an issue as Gov't issues more s/t paper)
Marketing of the MBS stash is more difficult, perhaps?
Livingston nh 13:20 GMT January 30, 2019
Will the USD trade lower ahead of the FOMC?
USD treading water this AM but FOMC giving away too much to market (i.e., a Pause or slowdown in balance sheet reduction) will send USD tumbling -- this is pretty much a "so what" meeting -- the data for Q4, and Jan PMI/NFP will set the tone
Mtl JP 13:04 GMT January 30, 2019
Will the USD trade lower ahead of the FOMC?
expect USD to be tilting down a bit into FOMC
and market to focus on the Fed’s balance sheet taper (or its asset de-purchase program)
-
10yr at 2.720%
Jerome yaks at 2:30NYT
GVI Jay 12:49 GMT January 30, 2019
JP, I posted the question last night when the USD was higher as a hint to the risk. The idea of asking a question is to start a discussion and in this case see some trading ideas.
GVI Trader john 12:32 GMT January 30, 2019
Will the USD trade lower ahead of the FOMC?
I think the markets could be expecting too much of a dovish posture from the Fed this afternoon. "Patience" is the word of the day vis-a-vis the Fed.
Walena 12:30 GMT January 30, 2019
Thursday Trading Strategy 27 December 2018
Last month (Dec-18) the market was very hard for me. I cannot predict or forcast anything in smaller timeframe. You may right that margin is tempting death.
Walena 12:14 GMT January 30, 2019
Thank you for sharing this news. Fundamental about news always important during my trading day. High volatility always help us gain and loss profile in very short period.
GVI Trader john 10:38 GMT January 30, 2019
Wednesday Trading Checklist 30 January 2019
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Wed 30 Jan 2019
A 12:15 US- ADP Payrolls
A 15:00 US- EIA Crude
A 14:00 US- Fed Decision
Thu 31 Jan 2019
A 07:00 DE- Retail Sales
A 08:55 DE- Employment
A 10:00 EZ- GDP
A 10:00 EZ- Flash HICP
A 12:30 US- Weekly Jobless
A 15:00 US- Personal Income/PCE
Fri 1 Fed 2019
A all day Flash PMIs
AA 08:30 US- Employment
A 10:00 EZ- GDP
Mtl JP 09:41 GMT January 30, 2019
BREXIT
nh 00:34 here u go ... 1.3111
Livingston nh 00:34 GMT January 30, 2019
BREXIT
If Cable can't get back above 1.31 quickly then market is thinking high odds on crash out of EU -- an ART 50 extension seems a waste because this backstop is really a minor fixable issue -- two years is plenty of time to resolve trade issues
Sydney ACC 00:19 GMT January 30, 2019
BREXIT
While there has been a majority in favour of NI remaining part of the UK Brexit and ramifications of a possible hard-border may push many to vote for joining the Republic in a referendum.
Under the Westminster NI Act the Secretary of State for NI can call a referendum if he or she feels there is a likelihood of majority vote to leave the UK.
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