Candidate Clinton: would like to expand U.S. reactions to currency manipulation
dc CB 20:08:47 GMT - 03/04/2016
US financials are tumbling after The Fed proposed a rule that would limit banks with $500 bln or more of assets from having net credit exposure to a “major counterparty” in excess of 15% of the lender’s tier 1 capital. Bloomberg reports that The Fed's governors plan to vote today on the proposal. The implications of this are significant in that it will force some banks to unwind exposures and delever against one another.
According the rig count USA will stop drilling for oil in a few months
Saudis win ?
dc CB 18:09:53 GMT - 03/04/2016
The U.S. Justice Department has filed a motion to dismiss a criminal indictment against former Chesapeake Energy Corp Chief Executive Officer Aubrey McClendon, who died in a car crash on Wednesday, one day after he was charged with breaking antitrust laws.
McClendon had denied the charges of colluding to rig bids for oil and gas acreage while he was at Chesapeake. In the motion to dismiss on Thursday, the Justice Department said it would "best meet the ends of justice in that the defendant is now deceased."
The indictment followed a nearly four-year federal antitrust probe that began after a 2012 Reuters investigation found Chesapeake had discussed with a rival how to suppress land lease prices in Michigan during a shale-drilling boom.
Oklahoma City police are investigating why his 2013 Chevrolet Tahoe slammed into an overpass, where it burst into flames. They said the car was traveling above the 40 miles-per-hour (64 kph) speed limit, and that he was not wearing a seat belt.
Trade balance shows world trade continues to contract - both US imports and exports declined as total trade slipped again // Employment figs with higher revisions means no excuses for Yellen & Co. -- avg wages usually decline when payrolls expand (unskilled and first time employees are a drag) and takes time for labor bidding to occur
london red 13:38:33 GMT - 03/04/2016
euro. hourly close 46 or higher takes us to 110 today.
GVI Forex john bland 13:34:42 GMT - 03/04/2016
U.S. (USD bn) & Canada (CAD bn) Trade December 2015
On the positive side, lower oil prices and a stronger dollar should benefit the U.S. consumer. Due to a strong consumer, my own expectation is that the U.S. economy will likely be resilient in 2016. Having said that, I believe that recent developments call for patience and further diligence in assessing the impacts of slowing global growth and tighter financial conditions on the U.S. economy.
and probably refers to FED gangs rate hikes : patience and further diligence
Mtl JP 19:16:56 GMT - 03/03/2016
apparently Kaplan does not think lower energy prices are as good as a tax break - so he probably means negative ripple effects on banks and similar financial kreatures
One by-product of lower oil prices is wider credit spreads in the high-yield market. ... This is a good example of the potential negative ripple effects that can come from persistent weakness in the energy sector.
While the downturn in the energy industry has created negative ripple effects in the state, the Texas economy has proven to be highly resilient. I expect this resiliency and underlying strength to continue as the negative impacts of energy begin to dissipate in the years ahead.
according to Kaplan
dc CB 16:48:42 GMT - 03/03/2016
Fed's Kaplan Says U.S. Consumer in Good Shape, Sees No Recession NYT
No? Well I never. And here is me experiencing all these falling prices NOT. What a joke. The inflation data is the stuff of fantasy. There is the real world where we all live and this statistical fantasy where officialdom lives. Prices keep just marching higher....
jkt abel 10:08:51 GMT - 03/03/2016
PAR, tell that to Draghi LOL
PAR10:04:39 GMT - 03/03/2016
European retail sales increase more than expected because of HIGHER PRICES .
GVI Forex john bland 10:01:29 GMT - 03/03/2016
Eurozone Retail Sales January 2016
mm: +0.40% vs +0.10% exp. vs. +0.30% (r +0.60%) prev.
yy: +2.00% vs. +1.30% exp. vs. +1.40% (r )+2.10% prev.
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
... 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 ?
dc CB 18:35:01 GMT - 03/02/2016
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
Mtl JP 18:22:16 GMT - 03/02/2016
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 18:20:10 GMT - 03/02/2016
21st century refugees due to 'I want to sell my stuff in a currency of my choice'
dc CB 17:30:37 GMT - 03/02/2016
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."
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.
NY JM 22:18:54 GMT - 03/01/2016
60 cents = 1.8% = almost a 200 pip drop in EURUSD
Mtl JP 22:12:42 GMT - 03/01/2016
earlier today headline:
Corporate defaults expected to rise 30% in 2016, says Moody's
Mtl JP 21:52:46 GMT - 03/01/2016
what u call falls sharply I call tumbles
(only about 60 cents)
dc CB 21:46:05 GMT - 03/01/2016
zerohedge @zerohedge 5m5 minutes ago
Remember: if DOE says "only" 9.8MM build, oil will go to $40
expecting at least 2 more energy offerings before tomorrow open
Yes Virginia, there's more than one way to skin a cat.
(SToX to the moon)
GVI Forex john bland 21:31:03 GMT - 03/01/2016
Crude drops sharply after private release of API data. Public data due shortly
dc CB 21:28:04 GMT - 03/01/2016
another letter from Desperation Row
Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells.
BAAR, Switzerland, March 1, 2016 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") announced today the launch of an underwritten public offering of 80,000,000 ordinary shares of the Company (the "Offering"). In connection with the Offering, the Company intends to grant the underwriters a 30-day option to purchase up to 12,000,000 additional ordinary shares. The Company intends to use the net proceeds from the Offering for general corporate purposes, including the repayment of existing indebtedness.
dc CB 21:21:04 GMT - 03/01/2016
JP 20:22...cudn't take it any more went for a bike ride.
dc CB 17:08 GMT March 1, 2016
Machines at Work
SnP 1978.07 at top of the hour
pigeons on steroids
Livingston nh 20:42:23 GMT - 03/01/2016
Jp - there's a gap just above 1982 from Jan 7 -- thot they would go after it this afternoon -- migth still try
Mtl JP 20:22:57 GMT - 03/01/2016
dc CB what do u see for SnP into the close
GVI Forex john bland 17:24:57 GMT - 03/01/2016
Atlanta Fed lowers tracking forecast for 1Q16 GDP to 1.90% from 2.1% as of Feb 26.
Mtl JP 16:40:36 GMT - 03/01/2016
deploy shmeploy ...
for what effect laughs the market
more moRE ! of whatever it takes
Hillegom Purk 16:30:20 GMT - 03/01/2016
Of course scaling, adding, pip taking the usual things...
Hillegom Purk 16:13:34 GMT - 03/01/2016
Hmm, the rest of the day e/u long!
GVI Forex john bland 16:13:04 GMT - 03/01/2016
Draghi No limits to how far we can deploy instruments within our mandate
Mtl JP 15:38:06 GMT - 03/01/2016
dc CB 04:08 / time to list the names of the buyers
like an honor role ...
PAR15:24:28 GMT - 03/01/2016
DJ Manufacturing Sector Show Signs of Improvement in February
By Eric Morath
WASHINGTON--U.S. factory activity slowed for the fifth straight month in February, but there is evidence that global headwinds for the manufacturing sector may be easing.
The Institute for Supply Management said Tuesday its gauge of manufacturing activity rose last month to 49.5 from 48.2 in January. The latest data shows the sector shrank, but the pace of the decline was less severe than it had been in recent months. A reading below 50 indicates the manufacturing sector is contracting.
Economists surveyed by The Wall Street Journal had expected the index to register at 48.6 in February.
The manufacturing sector weakened during most of 2015, and fell into contraction in October, according to ISM. A stronger U.S. dollar made exported manufactured goods more expensive for customers overseas, while imports are cheaper for American consumers. And the energy industry--once thirsty for equipment, machinery and metal--retracted swiftly in the face of cheap oil.
Manufacturing accounts for roughly 12% of the country's economic output.
DJ Canadian Manufacturing Gauge Remains Weak -- Market Talk
10:12 ET - Canadian manufacturing activity stayed soft in February despite ongoing growth in export demand, RBC's manufacturing PMI shows. The metric ticked up to 49.4 in February from 49.3, but any figure below 50 suggests a pullback among Canada's factories. RBC says the latest measure highlights the regional divide in economic performance between western Canada, which has been hurt by weak oil prices, and the rest of the country, which is benefiting from rising exports. ([email protected]; @kimmackrael)
(END) Dow Jones Newswires
GVI Forex john bland 15:11:12 GMT - 03/01/2016
Employment PMI 48.5 vs 45.9
still contraction but less so. Suggests weaker mfg employment on Friday? Service employment due Thursday can be a better predictor.
PAR15:05:43 GMT - 03/01/2016
DJ Solid Construction Spending Points to US Strength -- Market Talk
10:03 ET - A key sector of the US economy strengthened to start 2016. Overall construction spending rose 1.5% in January, the sharpest month-to-month increase since May, says Commerce, and triple economists' projected gain. Meanwhile, December's 0.1% growth was revised up to 0.6%. In January, every major category outside of residential construction posted a gain, and the data suggest the domestic economy started 2016 on solid footing. Overall construction outlays were 10% higher than January 2015. ([email protected]; @HarrietTorry)
(END) Dow Jones Newswires
Mtl JP 15:02:47 GMT - 03/01/2016
I was looking forward to Trading the News - his is a new feature and it will only work if you add your views. - promoted by Jay
Is that feature poof ?
No investor will lend money without some reward.
There is something about this that we do not understand-- but it cannot last too long. It is an aberration.
nw kw 04:14:30 GMT - 03/01/2016
2.4bps per year is this a new tax. for gov. or kickbacks.
dc CB 04:08:06 GMT - 03/01/2016
As we detailed earlier, for the first time in the history of crazy, Japan 'sold' 10-year government bonds today at a negative yield. Translated into English, this means "investors" agreed to pay the Japanese government 2.4bps per year for the privilege of lending it money for 10 years...
Down from a 7.8bps positive yield at the last auction, the 10Y auction's average yield was -2.4bps...
China RRR cut 50bps to 17.00% in line with expectations
london red 10:06:59 GMT - 02/29/2016
headline will get the headlines but the core...
GVI Forex john bland 10:06:05 GMT - 02/29/2016
Big miss in EZ inflation. Intensifies pressure on ECB for ease.
london red 10:05:58 GMT - 02/29/2016
headline will get the headline being negative for core is the big one for draghi as it gives him more ammo vs those on the ecb against further stimulus.
euro bull trapped 200dma earlier, maybe still room for 110 test if stocks tumble but you have to be staying/getting short for a move to and eventually under 108.
GVI Forex john bland 10:01:18 GMT - 02/29/2016
Eurozone flash HICP (CPI) February 2016
yy: -0.20% vs. +0.00% exp. vs. +0.30% prev.
yy: 0.70% vs. vs. +0.90% exp. vs. +1.00% prev.
What about the billionaires, why no one ask how happy they are?
Mtl JP 02:09:44 GMT - 02/29/2016
February 29, 2016 Nikkei poll
Half of Japanese voters unhappy with Abenomics
not trade relevant; just trivia
Mtl JP 21:34:43 GMT - 02/28/2016
“If we look at Europe at the moment, the danger we face is without any doubt deflation not inflation,” Villeroy de Galhau
This guy does not even have a PhD - only a french baccalaureate degree at the Lycée Saint-Louis-de-Gonzague, and his engineering degree at the École Polytechnique, he studied at the ENA (École nationale d'administration) until 1984.
I wonder what motivates him to regurgitate the current old censored line that lower prices are somehow dangerous.
dc CB 00:45:06 GMT - 02/28/2016
COLUMBIA, S.C. — Drawing overwhelming support from the African-American voters who deserted her here eight years ago, Hillary Clinton won her first resounding victory of the 2016 campaign in South Carolina on Saturday, delivering a blow to Senator Bernie Sanders of Vermont as their fight turns to the 11 states where Democrats vote on Tuesday.
After supporting Barack Obama in 2008, African-American voters, who will be the dominant force in the coming Southern primaries, turned out in droves for Mrs. Clinton here. They supported her over Mr. Sanders by a 5-to-1 ratio, while he won the bulk of white voters, according to early exit polling.
Mrs. Clinton assiduously cultivated the support of black voters, not least by showing her devotion to President Obama and by promising to build on his legacy. She capped off months of campaigning here with stops on Friday at a popular soul food restaurant and bakery in Charleston and a rally at a historically black college in Orangeburg, alongside black surrogates including the TV personality Star Jones and the state’s longtime representative, James E. Clyburn.
“I don’t think President Obama gets the credit he deserves for digging us out of the ditch Republicans put us in,” Mrs. Clinton said, a line she often used in South Carolina, where Mr. Obama defeated her by 29 points in 2008.
Mon 27 May 2019 AAGB/US- Holiday 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 AAEZ/CH- Holiday 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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