dc CB 23:58 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
WSJ does meat----cud be No Meat For You, soon.
April 23, 2020 6:10 pm ET
For chicken, where Costco specializes in boneless, skinless breasts that are 99% fat-free, the company is working with plants to temporarily supply those products for additional days each week, Mr. Lyons said.
�We haven�t seen a situation in our lifetime where the industry has contracted as quickly as we have seen in the last month.�
� Will Sawyer, economist for agricultural lender CoBank
Walmart is buying more products ordinarily destined for restaurants, working to help convert plants used for food service to retail, as well as narrowing meat assortment to focus on the fastest-selling items such as basic steak cuts to simplify the supply chain, said a person familiar with the situation. Sales of vacuum-seal bags are also rising at Walmart, a sign shoppers are buying food they intend to preserve, this person said.
Grocers Hunt Meat as Coronavirus Hobbles Beef and Pork Plants
Mtl JP 21:06 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
After sending some 100 military medic to help Quebec with catastrophic corona_V situation in old-age homes (Qc gov asked for a 1000), trudeau already seems to think it was a mistake and to have regrets : "In Canada, we shouldn't have soldiers taking care of seniors." - trudeau 23/04/2020
Mtl JP 21:01 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
lets see how this goes:
-
Georgia governor stands by move to ease restrictions despite Trump split
Trump: I 'disagreed strongly' with Georgia's reopening plan
Mtl JP 20:49 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
and so some procs and 2,300 cattle a day give out a sigh of relief ! altho I am not sure of how rosy life in the holding pens is
Mtl JP 20:33 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
EURO 1.0768
-
so puppy keeled some, but not nuff to take out march 1.0740 base from which it ran to 1.1146. IF they manage to chew thru 1.0740 then 1.0635 trgt (ytd low) opens up
dc CB 19:46 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
Food. BBG.
Tyson Foods Inc. said Thursday it was shutting its beef facility in Pasco, Washington, while team members undergo testing for Covid-19. That�s adding to an avalanche of news that�s hit in just the past day. Tyson closed two of its key pork plants. Case counts continued to mount, including in Canada, where industry groups are saying they�ll probably hold back some of what�s usually exported to the U.S. Meanwhile, the head of JBS SA, the world�s top meat producer, warned of shortfalls.
At least eight major U.S. meat facilities have seen halts in the space of a few weeks.
The Tyson plant in Washington produces enough beef in one day to feed four million people, according to the company. It�s one of the few facilities in the northwestern U.S., with capacity of 2,300 cattle a day.
Another Big Meat Plant Shutters With U.S. on Brink of Shortages
AT Trader john 19:06 GMT April 23, 2020
Friday Amazing Trader 24 April 2020
LATE Thursday
DJ: +38
SP: -1.5
2-yr 0.225% +1.4%
Spread 10s-2s +39.5 bps (+40.6 bps)
10-yr
US: 0.620% +0.1
UK: 0.295% +0.3
DE: -0.416% +0.5
EURUSD MACRO TREND: NEGATIVE
Spots (Prev day Pivot Pt)
EURUSD 1.0772 (1.0791)
GBPUSD 1.2344 (1.2356)
EURGBP 0.8721 (0.8738)
USDJPY 107.54 (107.64)
This Week 1.0897-1.0756 (141 pips)
thu: 1.0845-1.0756 (89)
wed: 1.0885-1.0803 (82)
tue: 1.0881-1.0817 (64)
mon: 1.0897-1.0842 (55)
fri: 1.0892-1.0813 (79)
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20-day avg: 1.0906
50-day avg: 1.0953
100-day avg: 1.1017
200-day avg: 1.1042
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dc CB 18:35 GMT April 23, 2020
BREAKING NEWS
NY Times
By Benedict Carey and James Glanz
April 23, 2020
Updated 12:10 p.m. ET
By the time New York City confirmed its first case of the coronavirus on March 1, thousands of infections were already silently spreading through the city, a hidden explosion of a disease that many still viewed as a remote threat as the city awaited the first signs of spring.
Dr. Vespignani said he and his research team warned officials of the silent spread, posting some of their early projections in mid-February. �We were talking to officials here, and it was the same reaction we got in Italy, in the U.K., in Spain,� Dr. Vespignani said. �They told me, �OK, that�s happening on your computer, not in reality.� Look,� he added, �No one�s going to shut down a country based on a model.�
Hidden Outbreaks Spread Through U.S. Cities Far Earlier Than Americans Knew
london red 16:54 GMT April 23, 2020
BREAKING NEWS
heres one for free back to 2845 before the close
swiss frank 16:54 GMT April 23, 2020
BREAKING NEWS
Re Blankfein comment- Or will they?
dc CB 16:52 GMT April 23, 2020
BREAKING NEWS
yup
and when did that start --- Oh you mean QE, well, when Hank Paulson(goldmanite)Treas Secy, Bill (DoRight)Dudley(goldmanite) at FRBNY, and Lloyd his-self as Chief O (the Vampire Squid) Goldman Sachs.
Thank god for 'demnita' of the FinPress. HIS-Story is whatever Him sez...no risk of questions asked.
london red 16:51 GMT April 23, 2020
BREAKING NEWS
why halt the fooker. its barely just filled the gap
london red 16:50 GMT April 23, 2020
BREAKING NEWS
gilead first trial for useless drug looking for a use kaput, hence spoos lower.
yep thats priced in too. staying abv 2800/2795 keeps upside in play
london red 16:43 GMT April 23, 2020
BREAKING NEWS
CB, when you are printing to buy your own $hit it no longer matters if there are other buyers around
dc CB 16:41 GMT April 23, 2020
BREAKING NEWS
Lloyd Blankfein
✔
@lloydblankfein
In finance, most surprising to me is that despite the trillions the US is adding to our budget deficit and national debt, investors (many foreign) will lend the US a virtually limitless supply of dlrs for .6 pct for 10 years.
808
10:39 AM - Apr 23, 2020
dc CB 16:28 GMT April 23, 2020
BREAKING NEWS
NY noon updates
But by far the most interesting piece of information shared by Cuomo on Thursday was the outcome of a random surveillance test - the first of what's expected to be many rounds of random testing that the state will be conducting to help aid the response. Cuomo said that out of 3,000 people tested for COVID-19 antibodies, roughly 14% tested positive.
Even more alarming, that rate rose to 21.2% positive rate in NY.
"It changes the theories of what the death rate is," Cuomo explained.
Mtl JP 16:12 GMT April 23, 2020
BREAKING NEWS
euro 1.0808 , hopefully, s/t and minor support (on 5 min bar)
london red 15:54 GMT April 23, 2020
BREAKING NEWS
todays channel at 2845 is last bastion ahead of 2880/85. a break there tomorrow sees a test of 2934. if broken 3015/40
Mtl JP 15:51 GMT April 23, 2020
BREAKING NEWS
or... slippiddy-dip sub 1.08 / 1.0790
would also please
Mtl JP 15:45 GMT April 23, 2020
BREAKING NEWS
euro 1.0814
-
my current "x-mass wish" : some german hawk squawking cold water on (merkel's) debt mutualization
AT Trader john 15:35 GMT April 23, 2020
Friday Amazing Trader 24 April 2020
Reply
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Fri 24 Jan 2019
AA 07:00 UK- Retail Sales
A 08:00 DE- IFO Survey
A 12:30 US- Durable Goods
A 14:00 US- Final Univ of Michigan
dc CB 15:32 GMT April 23, 2020
BREAKING NEWS
PAR 12:37 GMT 04/23/2020
A RECORD 26 MILLION AMERICANS
the US has lost 565 'jobs' for every confirmed Covid-19 death - 46,785
swiss frank 15:23 GMT April 23, 2020
BREAKING NEWS
No was thinking more like an hour
Mtl JP 15:22 GMT April 23, 2020
BREAKING NEWS
frank u have what .. 10 mins left for a pop ?
swiss frank 15:11 GMT April 23, 2020
BREAKING NEWS
Very tempting to come in here but i'm hoping for one last end of european day push for 50, 60, 70...
Mtl JP 15:08 GMT April 23, 2020
BREAKING NEWS
euro 1.0830
short against 1.084x
swiss frank 14:55 GMT April 23, 2020
BREAKING NEWS
Yes hopefully the algo reading headlines can use this merkel comment and a happy equity day to goose the eur back up to the 60-80 range to resell....
GVI Forex 14:19 GMT April 23, 2020
BREAKING NEWS
EURUSD spikes on Merkel comments that response to virus must be huge.
Mtl JP 14:09 GMT April 23, 2020
BREAKING NEWS
john 14:00 how do you qualify the U.S. New Home Sales ?
Mtl JP 14:05 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
on deck expectation:
new additional $480 billion help package, possibly this aft
-
also trudeau w/help to seniors, possibly before noon today
AT Trader john 13:51 GMT April 23, 2020
BREAKING NEWS
Services weak in the U.S., as elsewhere. However. U.S. Levels not as low.
AT Trader john 13:49 GMT April 23, 2020
BREAKING NEWS
U.S. flash Markit Mfg & SVC PMI April 2020
ALERT
mfg: 36.9 vs. 38.3 exp. vs. 48.5 prev.
svc: 27.0 vs. 32.5 exp. vs. 39.8 prev.
london red 13:27 GMT April 23, 2020
BREAKING NEWS
JP, with the amount of debt they are going to need to sell, dont expect to see the 10 north of 1.4 for a long long time, they just wont be able to service it at higher levels. the only way u can have such high debt is with a subdued yield, otherwise they go bust.
Mtl JP 13:04 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
here is a contrast:
08:52 Mack-Cali has collected 96% of residential tenant rent for April, 90% of office rent - MarketWatch
Mtl JP 12:57 GMT April 23, 2020
BREAKING NEWS
10 Year Treasury Note yield uP 0.001% to 0.627
Is that NOT how it should be when there is an "improvement" in the economy ? like a less than expected growth in unemployeds ?
london red 12:47 GMT April 23, 2020
BREAKING NEWS
its v simple. any bad news is expected, priced in. while good news is always yet to be priced in. for example everyone will be utterly surprised that economies will be slowly opened up in the next few weeks and that will be a signal to take stocks abv 3k.
Sydney ACC 12:41 GMT April 23, 2020
BREAKING NEWS
And that beats Australia's population.
PAR 12:37 GMT April 23, 2020
BREAKING NEWS
A RECORD 26 MILLION AMERICANS SOUGHT UNEMPLOYMENT BENEFITS OVER THE LAST FIVE WEEKS, CONFIRMING THAT ALL THE JOBS CREATED DURING THE LONGEST EMPLOYMENT BOOM IN U.S. HISTORY WERE WIPED OUT IN ABOUT A MONTH
AT Trader john 12:35 GMT April 23, 2020
BREAKING NEWS
Weekly Jobless Claims
ALERT
4427K vs: 4500K expected vs. 5245K (r 5505K)
Mtl JP 12:14 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
hope ium
-
08:02 Dow futures inch back as investors await report that could show total unemployed in U.S. tops 25 million - MarketWatch
Mtl JP 11:49 GMT April 23, 2020
�
frank 09:37 I concur: sell pops while under 1.0840
PAR 11:00 GMT April 23, 2020
ECB LAGARDE PONZI MAFIA
Reply
Lagarde says debt bought directly from Eurozone governments may be illegal
Imho debt bought from BlackRock funds after those funds bought it directly from Eurozone governments is maybe not illegal but looks CRIMINAL instead.
london red 10:39 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
JP, remember re inflation they see what they want to see. they remove from baskets what was going up, replace with static or what was falling. ask your self what was cheaper 1,2,3 or 5 years ago? maybe smart tv's not much else.
Mtl JP 10:21 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
reportings
- commercial real-estate: collecting 60% vs usual 90% of rents
- (some) retail sales uP 10-20%
some winners, mostly losers
march inflation figures: down about .5%
arguments about CB's gigazillion sprayings the market
- "textbook" (moderm monetray theory) says yes spray, it is the right thing
- contrarians say price inflation on ~1yr radar
PAR 09:41 GMT April 23, 2020
FRANCE
Reply
While all banks can expect to suffer losses and writedowns relating to the virus, French banks are particularly exposed says JPMorgan. And they are exposed as a result of their corporate and investment banking (CIB) divisions.
Broadly, the problem is that French banks are particularly exposed to the equity derivatives business, where mark-to-market losses are expected to be unusually high. �In equity derivatives, we expect French banks to underperform U.S. peers due to their higher gearing to structured products which suffered mark-to-market losses related to the collapse in dividend swaps expectations,� said JPMorgan�s analysts. BNP alone lost ~�200m on equity derivatives trades in March according to Bloomberg.
Nor are equity derivatives the only issue. JPMorgan says French banks could also suffer from losses relating to the oil industry and to their exposure to hedge funds which were affected by last month�s spike in volatility.
In combination, these effects are forecast to reduce the return on equity at BNP Paribas to 1% this year, to create a negative return on equity of -1.2% at SocGen, to cut Credit Agricole�s return on equity to 1.8% and to reduce returns at Natixis to 1.9%.
JPMorgan doesn�t explicitly say so, but the pressure on returns could lead to renewed pressure for job cuts � if not in 2020, then certainly at the start of 2021.
swiss frank 09:37 GMT April 23, 2020
�
Reply
Flat. Close enough to 1.0777. Risk Reward maybe a bit more balanced here. Always looking to sell the bounces tho.
AT Trader john 08:53 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
Thursday
DJ: -36
SP: -5.1
2-yr 0.219% +0.8%
Spread 10s-2s +40.6 bps (+41.9 bps)
10-yr
US: 0.625% +0.6
UK: 0.329% +0.2
DE: -0.404% +1.8
EURUSD MACRO TREND: NEGATIVE
Spot (Prev day Pivot Pt)
EURUSD 1.0796 (1.0834)
GBPUSD 1.2350 (1.2325)
EURGBP 0.8740 (0.8798)
USDJPY 107.65 (107.73)
This Week 1.0897-1.0784 (113 pips)
thu: 1.0834-1.0784 (50)
wed: 1.0885-1.0803 (82)
mon: 1.0897-1.0842 (55)
fri: 1.0892-1.0813 (79)
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How To Turn Your Forex Trading Into A Business
20-day avg: 1.0917
50-day avg: 1.0953
100-day avg: 1.1020
200-day avg: 1.1044
Global-View Daily Trading Chart Points
AT Trader john 08:35 GMT April 23, 2020
BREAKING NEWS
These are miserable PMIs today, especially for services (everywhere). Normally they are more resilient than manufacturing.
AT Trader john 08:32 GMT April 23, 2020
BREAKING NEWS
GB Flash PMIs April 2020
ALERT
GB 09:30 GMT
mfg: 32.9 vs. 42.5 exp. vs. 47.8 prev.
svc: 12.3 vs. 29.5 exp. vs. 34.5 prev.
Markit PMI Press Release
AT Trader john 08:02 GMT April 23, 2020
BREAKING NEWS
IHS PMI data suggest a 7.5% contraction in quarterly GDP.
SOURCE: newsquawk.com
london red 07:52 GMT April 23, 2020
BREAKING NEWS
yup euro data often leaked as goes thru so many hands, while uk is first place. uk retail sales are world champion, watch what happens an hour or two before then half an hour and move tends to be yours unless they over do it and it gets priced in pre release.
swiss frank 07:45 GMT April 23, 2020
BREAKING NEWS
VERY good point re bad news never in the price for the eur vs always priced in for the usd. Question is, why?
AT Trader john 07:42 GMT April 23, 2020
BREAKING NEWS
Red-interesting point. Note also that the European PMIs seem to leak. You have to assume the market has the data beforehand and trade accordingly.
swiss frank 07:41 GMT April 23, 2020
eur/jpy
Meanwhile with .8740 looking like really good support for eur/gbp maybe gbp wants to try lower. Maybe.
swiss frank 07:38 GMT April 23, 2020
eur/jpy
Reply
Worth keeping an eye on. Stating the obvious 116.00-116.50 pretty important long term support area. It should break lower but BoJ being conjoined twin of SNB..... Just a thought, not a pos.
AT Trader john 07:38 GMT April 23, 2020
BREAKING NEWS
We will see those next Friday. I don't know if they can go negative?
london red 07:38 GMT April 23, 2020
BREAKING NEWS
the key thing to remember about bad news when trading euro or usd assets is that when it comes to eu its never in the price, while for the usd, everything is always priced in. like today, another week, another 5m unemployed. but thats priced in.
swiss frank 07:32 GMT April 23, 2020
BREAKING NEWS
As low as 10? Wait til Italy and Spain print.
AT Trader john 07:22 GMT April 23, 2020
BREAKING NEWS
I dont recall ever seeing a major PMI as low as 10.
AT Trader john 07:19 GMT April 23, 2020
BREAKING NEWS
EZ Flash PMIs April 2020
ALERT
EZ 08:00 GMT
mfg: 33.2 vs. 39.3 exp. vs. 44.5 prev.
svc: 11.7 vs. 24.8 exp. vs. 26.4 prev.
German 07:30 GMT
mfg 34.4 vs. 39.0 exp. vs. 45.4 prev.
svc: 15.9 vs. 29.0 exp. vs. 31.7 prev.
France 07:15 GMT
mfg: 31.5 vs. 37.8 exp. vs. 43.2 prev.
svc: 10.4 vs. 25.0 exp. vs. 27.4 prev.
Markit PMI Press Release
AT Trader john 07:11 GMT April 23, 2020
Thursday Amazing Trader 23 April 2020
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Thu 23 April 2019
Flash PMIs all day
A 12:30 US- Weekly Jobless
AA 14:00 US- New Homes Sales
Fri 24 Jan 2019
AA 06:00 UK- Retail Sales
A 08:00 DE- IFO Survey
A 12:30 US- Durable Goods
A 14:00 US- Flash Univ of Michigan
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