Oil price may bottomed, IEA says
The International Energy Agency says there are signs of a market bottom, but no rebound in sight.
nw kw 20:33:52 GMT - 03/11/2016
xaucad strength week and last time in new week swings soft, might be a fast trade for usd strength now oil loaded. gl
Mtl JP 19:00:12 GMT - 03/11/2016
The debt burden carried by Canadian households edged up to yet another record high in the fourth quarter of 2015, as debt continued to outpace sluggish income growth.
Statistics Canada reported Friday that the ratio of household credit-market debt to disposable income, the key measure of the debt load, rose to 165.4 per cent in the quarter, eclipsing the previous record of 164.5 per cent set in the third quarter.
That is good news in the making.
Fot those with no / little debt and cash in reserve.
Biding their time.
Mtl JP 18:09:12 GMT - 03/11/2016
john 18:06 do u c that as a catalyst for some trade ?
Guns blazing indeed. They might not be out of bullets but the problem is the market DOES NOT care. So all their fancy pants new instruments aren't worth a nickel.
Of course the mainstream media tried to hype it. So we get these groovy hyperventilating headlines. Goldmans - the new spokeman for the regime - will keep on with its parity call and still the market DOES NOT care.
Masters of the Universe? Well yes. But someone is making a huge miscalculation of scale:
"For thousands more years the mighty ships tore across the empty wastes of space and finally dived screaming on to the first planet they came across—which happened to be the Earth—where due to a terrible miscalculation of scale the entire battle fleet was accidentally swallowed by a small dog." Hitchhikers Guide to the Galaxy
dc CB 15:42:00 GMT - 03/10/2016
“The central bank came out all guns blazing,” said Craig Erlam, a senior market analyst at OANDA. “The decision to ease monetary policy across a broad range of tools sent a strong message to the markets that it is not willing to sit by while they repeatedly fall well short of their 2 percent inflation target.”
EURO DOWN One of the biggest impacts from the central bank’s package of measures was on the euro, which slid 1.2 percent to $1.0857. The lower returns on euro holdings and the prospect of more euros in circulation weighed hard on Europe’s single currency.
dill still short u/cad for xaucad descending so no cad retracement yet
dc CB 20:42:49 GMT - 03/09/2016
Livingston nh 19:00 GMT
one more thing that will PO the hoi polloi. the relentless rise in the price of gas at the pump. It hit $1.80 today, and that will go up again tom as the price of Wholesale is up another 8 cents today..
at this rate it will be over $2.50 by Easter---so a rise of $1.00 in 4 weeks. Hit $3.50 by Memorial Day and higher into June and Bernie/Trump will have a new cudgel to to beat-on Hillary and and the Wall Street Speculators driving up the price when for the past year, Job Loses in the Oil Patch, Booms Towns Closing Down, Texas in a Depression, has been the tenor of the headlines.
Sydney ACC 20:25:06 GMT - 03/09/2016
Much of what was said in the RBNZ statement could apply to Australia as well.
1. Global growth applies just as well to resource commodities. Iron ore fell; back yesterday following Monday's spectacular rise, although gas seems buoyed presently.
2. While still maintaining a reasonable lrevel of immigration it's not as high as it was during the commodity boom.
3. The TWI and the AUD/USD are both higher than where the RBA would like.
4. House price is moderating in the markets that matter - Sydney and Melbourne. There are a significant number of apartments nearing completion that will hit the market over the next two years that will dampen prices.
Inflation is low and lies below the Bank's range. Petrol is prices while having risen from extreme lows of a fortnbight ago are still very low.
5. Most market commentators still look for a cut to the cash rate.
Aussie may have got a little beyond itself maybe today's cut win NZ will bring forawrd a reality check. Must admit I thought we were heading for 77/78 US cents beforehand.
nw kw 20:11:49 GMT - 03/09/2016
so long gold for bit xauaud. dill cad was marked
GVI Forex john bland 20:05:17 GMT - 03/09/2016
NZD sharply lower
GVI Forex john bland 20:04:18 GMT - 03/09/2016
further policy easing may be required
GVI Forex john bland 20:02:24 GMT - 03/09/2016
BREAKING NEWS: Reserve Bank of New Zealand March 2016
One more thing -- the general election will be one of the most polarized based on racial/ethnic bias - democrats can't win that kind of an election any more than a Republican could have won following the Idiot Child in 2008
Livingston nh 18:54:08 GMT - 03/09/2016
JP - this gets complicated but bear with me -- for the last few election cycles Republican candidates have bent to the Conservative dogma in the primaries but had to swing back to the center in the general election (leading to cries of Foul) -- so betrayal has led to an abandonment of the Conservative "establishment" --- the Survivor candidate is Kasich not Cruz (VERY conservative) -- the Great Unwashed are rising against the OWB (older wiser and better folks) who think they know better
Note the demise of the TEA PARTY -- this is a socio/economic uprising there is a similar uprising against Clinton - the GOOD News is the US does not tolerate 3rd Party opinion
dc CB 18:16:12 GMT - 03/09/2016
Having documented the unprecedented shortage of underlying 10Y paper as a result of record low repo rates which have been at "fails" for the past week, everyone was anxiously awaiting today's 10Y auction to see just how the market would soak up today's $20 billion in 10 year paper. And the answer, somewhat surprisingly, was lousy because traditionally when there is a massive, and in this case record, short overhang, the auction tends to price through the when issued.
Bottom line, whether the result of the overnight fireworks in the Japanese bond market, or some still unknown reason, today's auction was a dud.
Which brings up the next question: now that the 10Y is over, will the issue drop back to 0% in repo, or will the shortage persists with ongoing near-fails rates, and if so, just who is it that continues to press for higher yields?
apparently the ritalin dose needs to be raised
Mtl JP 18:08:18 GMT - 03/09/2016
Is this an option:
... "The only way to stop Trump now is for the deep state to literally step in and nullify the electorate's decision on the excuse that Americans have simply lost their minds in a (hopefully) temporary bout of nationalistic, frustrated insanity." ...
bit more hawkish than folk were expecting, tho statement taken on its own neutral. pt is folk were looking other way. that said still fancy 200dma to keep bulls in check. usd longs quite small and rates are going to need to be repriced as fed may not raise march but has to excuses to tap in a dovish statement so mkt likely needs to chase dollars.
PAR15:08:03 GMT - 03/09/2016
DJ Wholesale Inventory/Sales Ratio at 7-Year High -- Market Talk
10:04 ET - US wholesale inventories surprisingly rose 0.3% in January as sales plunged, pushing the inventory-to-sales ratio to its highest level since April 2009 at 1.35. The metric measures how many months it would take to sell stockpiles at current sales pace, and the increase suggests wholesalers may try to empty warehouses rather than place new orders near-term. Much of January's ratio rise was in autos, a sector with strong recent demand and traditionally higher inventories, and petroleum--a commodity battered by overproduction. But paper, pharmaceuticals and farm products also saw big inventory growth. ([email protected])
Mtl JP 15:06:54 GMT - 03/09/2016
so A risk category on BoC almost worth 50 pip player reaction
BoC probably not thrilled with strong(er) CAD but other forces trump
GVI Forex john bland 15:06:20 GMT - 03/09/2016
"...An assessment of the impact of the upcoming federal budget’s fiscal measures will be incorporated into the Bank’s April projection. All things considered, the risks to the profile for inflation are roughly balanced. Meanwhile, financial vulnerabilities continue to edge higher, in part due to regional shifts in activity associated with the structural adjustment underway in Canada’s economy. The Bank’s Governing Council judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent."
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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