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Mtl JP  15:40:16 GMT - 11/17/2019  
A love affair:
"I like him" ... as one of the great monetary fools in history
Former European Central Bank president Mario Draghi will go down as one of the greatest “monetary fools” in history after negative interest rates failed to prop up Europe’s economy, according to the former head of the Federal Reserve Bank of Dallas.

“I do think that Mr. Draghi, who I happen to have a personal admiration for – I like him, I know him, I spent a lot of time with him when I was at the central bank – probably will go down as one of the great monetary fools in history,” Richard Fisher, now a senior advisor for Barclays PLC, told BNN Bloomberg’s Amanda Lang on Wednesday.

Fisher added that Draghi’s negative interest rate regime didn’t lift up Europe’s economy, left Germany in a recession, and “decimated” the banking system.

Draghi ended his term at the ECB last month after eight years in the role. Former International Monetary head Christine Lagarde stepped into the position Nov.1.

During his tenure, Draghi introduced negative rates in 2014 and pledged to do “whatever it takes” to save the euro during a debt meltdown in 2012. But he failed to meet his inflation goal of just under two per cent with the ECB reporting its harmonized consumer price index at 0.8 per cent in September, the most recent month data available.

“He knows how to talk to markets, he’s a brilliant man,” Fisher said. “Wait and see, but I think negative interest rates will be proven to be a very bad experiment.”

Draghi one of 'the great monetary fools in history': Former Federal Reserve Bank of Dallas CEO

Mtl JP  12:48:07 GMT - 11/17/2019  
Trade Off The Cretins Corner
It has been a while since I posted in this thread (for lack of reason)

dum dum dum dum:
ECB’s Muller Says More Assets Could Join Stimulus List in Slump

muller - with his postulation - revives my front-line "how do I make money" riding the "what benefits that would bring" inquiry:

Muller, the youngest member of the Governing Council at 42, said the central bank needs to think about how low it wants to push government bond yields and what benefits that would bring.

Mtl JP  19:50:49 GMT - 07/29/2018  
U.S. Treasury's Mnuchin says he sees at least 3 percent growth for next 4-5 years - RTRS JULY 29, 2018

“I don’t think this is a one- or two-year phenomenon. I think we definitely are in a period of four or five years of sustained 3 percent growth at least,” Mnuchin said in an interview with ‘Fox News Sunday.’
Mnuchin Suggests Fed Rate Rises Are OK After Trump Attacked Them - BBRG JULY 29

“The Fed has been targeting 2 percent inflation,” Mnuchin said on “Fox News Sunday.” “Obviously, with 2 percent inflation we have to have at least slightly higher interest rates to manage through that.” ... .. ... Mnuchin insisted that Trump respects the independence of the Fed, even though the president has “concern” about interest rates going up. “We as an administration absolutely support the independence of the Fed,” Mnuchin said.

It is all so Obviously obvious. Except for

“The only question is how far and for how long” they’ll increase.

“We think the Fed will be very careful in managing the economy,” the Treasury secretary added.

The arrogance of claiming that someone is "managing the economy" is astounding.

Mtl JP  00:46:07 GMT - 06/05/2018  
US about to slap disobedient European firms with sanctions over Russian gas project

Putin signs law on countermeasures against US & its allies

Mtl JP  17:40:27 GMT - 06/04/2018  
sorry if this is as useless as a tit-on-a-bull

via rtrs: Timing of Bank of England rate hikes 'open question' - Tenreyro

Bank of England interest-rate setter Silvana Tenreyro said on Tuesday that she expected borrowing costs to rise gradually but the timing of when rates would start to go up was an open question.

Mtl JP  19:33:25 GMT - 05/16/2018  
Still ... in 2018 ... one or more "what does not maim or kill you disappoints me" pigeons born every day

The SEC created a fake ICO website to show just how easy it is to scam investors

Mtl JP  21:23:33 GMT - 04/24/2018  
Money: world of... and for


Mtl JP  19:33:04 GMT - 04/24/2018  
Bach - a misguided sac of sadness (calls himself financial author and wealth manager):

“I live in the Bay Area. I watched a lot of really wealthy kids go from having 10 million, 20 million, 30 million dollar net worth to within 18 month having zero. .. And the sad thing is this happens every generation,” Bach said

Mtl JP  15:23:27 GMT - 04/24/2018  
fwiw mid - afternoon :
ECBs Villeroy, Knot and Lane yak

Mtl JP  12:46:55 GMT - 04/20/2018  
Res 3 1.2794
Res 2 1.2736
Res 1 1.2700
Pivot 1.2642

Mtl JP  12:23:34 GMT - 04/20/2018  
or to m/m or to core
robot basically does not care
just to price acceleration this or that way

Mtl JP  12:19:30 GMT - 04/20/2018  
CAD 1.2635
At bottom of hour:
A CA CPI yy con: 2.40% pre: 2.20%
A CA CPI mm con: 0.40% pre: 0.60%
A CA CPI Median yy con: 2.00% pre: 2.10%
I think primary algo reaction is going to be to y/y
Speedy robot loaded & lurking
close all other charts and feeds and unnecessary windows to optimize tradestation for speed

Mtl JP  08:27:28 GMT - 04/20/2018  
according to the cretin there are “other meetings” this year

BoE's Carney dampens expectations for May rate hike, sees 'mixed' data

Mtl JP  11:48:18 GMT - 04/16/2018  
Justin pretty sox and hair Trudeau defining Vital Interest :

11h11 hours ago
Why are major energy projects of vital interest to Canada? Because they’re vital to the people who work hard every day to provide for their families.

Mtl JP  01:48:43 GMT - 04/16/2018  
pussygrabber probably preparing more rants
as ABC interview airs Sunday evening at 10 p.m

nw kw  22:26:29 GMT - 04/15/2018  
context this week good aud and jpy soft gl. or long u/j and audjpy

nw kw  22:22:09 GMT - 04/15/2018  
context usa coal bypasses export limitation from shipping it out ca. bc.

Mtl JP  21:51:06 GMT - 04/15/2018  
to put things in context a bit:

from earlier rtrs piece:
....Toronto-Dominion Bank (TD.TO) Deputy Chairman Frank McKenna, a member of Alberta�s pipeline advisory task force, said he raised the issue with Trudeau in a recent call and that Ottawa has to �provide deal certainty ... a backstop�.

�That could be something in the nature of an indemnity agreement or a guarantee against potential losses that would come from political instability and not based on normal construction risk,� said McKenna, a former premier of New Brunswick.

TD Bank is Kinder Morgan Canada�s biggest lender. �At the end of the day this pipeline can�t be allowed to fail, it would be a huge blow to the leadership of the country and to the image of the country.�

and so now justin pretty hair and sox

Trudeau promises money, legislation to 'remove the uncertainty' and make Trans Mountain happen

Mtl JP  21:43:59 GMT - 04/15/2018  
Trump to Impose New Sanctions on Russia Over Support for Syria ...

NYT 56 mins ago

Mtl JP  18:14:36 GMT - 04/15/2018  
ya ha hey yo ha haaaa ...

Nikki Haley says more U.S. sanctions are coming against Russia — as early as Monday

Mtl JP  13:53:41 GMT - 04/02/2018  
April 02 2018 - some publicly traded CBs:
SWISS NATIONAL BANK trading around 7540CHF
BELGIUM NATIONAL BANK trading around 2,980.00 EUR
BANK OF JAPAN trading around 35,050.00 JPY

Mtl JP  23:59:48 GMT - 03/20/2018  
well... well... reports cnbc:

Trump asks Saudi crown prince to share kingdom's wealth by buying more American weapons

and that

Crown Prince Mohammed bin Salman’s US visit is a shopping trip for war

"MBS comes to Washington with the rhetoric of a domestic reformer, but under his arm he clutches the shopping-list of a war-monger that includes the acquisition of nuclear reactors." no less

fwiw: 20 companies profiting the most from war

Mtl JP  18:05:52 GMT - 03/20/2018  
(Wapo - March 20) Trump told reporters: “I had a call with .. Putin ... the call had to do, also, with the fact that we will probably get together in the not too distant future so that we can discuss arms, we can discuss the arms race... we are spending $700 billion this year on our military, and a lot of it is that we are going to remain stronger than any other nation in the world, by far.”

Probably looking for ways for Vlad to co-operate to help justify spend a $ trillion next year. -> = new trade opportunity

Trump congratulates Putin on his reelection, discusses ‘arms race

dc CB  01:15:39 GMT - 02/14/2018  
Elle does: The super hot

Mrs. Munchkin

Mtl JP  22:20:27 GMT - 02/13/2018  
Treasury secretary’s wife says she admires him because ‘he understands the economy’

Louise Linton discusses husband Steven Mnuchin, clothes, D.C. living and more in Elle interview

The wife of Treasury Secretary Steven Mnuchin would like you to know that his knowledge of the economy is up to par.

“He is the most decent, moral, sweet person I have ever met. He’s brilliant, and he understands the economy.” Louise Linton

Mtl JP  20:24:27 GMT - 02/12/2018  
more comical irony from windbag trump-et man:

after feeding over $700 billion per year to delivery machines and makers of bombs bullets calls something that "could save $214 billion over a decade ... .. ...substantial savings”

Trump’s budget proposal

PAR 19:00:12 GMT - 02/12/2018  
White house good news show going in overdrive.

Mtl JP  18:10:10 GMT - 02/12/2018  
It is comedy time boyz n gurlz

White House sees U.S. growth 50% faster than the Fed does

The latest projections show that the gap between what the Office of Management and Budget and the Federal Reserve projects for gross-domestic-product growth is as wide as 50%.

GDP growth	2017	2018	2019	2020
White House 2.5% 3.1% 3.2% 3.1%
Fed 2.5% 2.5% 2.1% 2%

Mtl JP  00:16:10 GMT - 02/12/2018  
rewarding incompetence (and extending future trading opps off the cretin)

Japan PM Abe to Keep BOJ Governor Kuroda for Second Term
Sputnik International-5 hours ago


his job fighting the threat of disinflation isn't deemed over.

Mtl JP  20:18:31 GMT - 02/07/2018  
jj 19:38 do u carry some insurance ?
if y - why ? and why not buy it 1-min, 60-min or one day prior to your nega-event ?

best to stop obsessing about precision timing proverbial
crystal ball does not exist.
Not even Jay has one. Nor AT.

lkwd jj  19:38:33 GMT - 02/07/2018  
CB he says it was predictable. but nobody could give exact date. its like "sun will set tonight and rise tomorrow but time isnt specific.

dc CB  19:07:47 GMT - 02/07/2018  
Gammy takes a vacation

Pic of the Day

dc CB  18:52:33 GMT - 02/07/2018  
Dudley Reveals That The "Powell Put" Is Far Lower

it's going to take more than a 13% plunge in 5 days to stir Jay Powell's Plunge Protection Team into action...

this wasn't that big

Mtl JP  17:44:07 GMT - 02/07/2018  
Follow @realDonaldTrump

In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!

6:59 AM - 7 Feb 2018

Donald J. Trump‏Verified account @realDonaldTrump

AT Amazing Trader john bland  14:23:02 GMT - 01/18/2018  
ECB's Couere due to speak @14:30 GMT. we are looking for any signal on ECB policy bias for next Thursday.

Mtl JP  10:24:09 GMT - 01/18/2018  
It has been a while since I had a good laugh , especially as I remind myself that "past performance is no guarantee of future results" which is a must disclaimer for professionals and companies but not for PhD'd "experts" who the pedestrians are expected to revere

Asks Bloomberg:

Which Central Bank Is the Most Accurate Forecaster?

Mtl JP  04:33:12 GMT - 01/03/2018  
circus still in town
and the monkey is still trump's back

Donald J. Trump ‏Verified account @realDonaldTrump
North Korean Leader Kim Jong Un just stated that the “Nuclear Button is on his desk at all times.” Will someone from his depleted and food starved regime please inform him that I too have a Nuclear Button, but it is a much bigger & more powerful one than his, and my Button works!

Mtl JP  17:04:24 GMT - 12/19/2017  
China, Seeking Growth, Softens Focus on Cutting Debt - WSJ
In economic blueprint for 2018, Beijing to dial back emphasis on curbing lending that spurs economy

BEIJING—As China prepares to unveil its economic blueprint for 2018, people familiar with the plan say it will show that Beijing is finding it hard to cut debt without jeopardizing growth.

Mtl JP  13:31:43 GMT - 12/18/2017  
according (not just) cnn

..."Trump will unveil his administration's National Security Strategy on Monday, laying out its objectives and how it views various threats.

According to officials who briefed reporters Sunday, the strategy -- a congressionally mandated document -- identifies four national interests: protecting the homeland, advancing American prosperity, preserving peace through strength and pushing American influence by new approaches to development.
The President will discuss the strategy during a speech Monday afternoon in Washington."...

New security strategy to call China 'strategic competitor,' lay out strategic aims - cnn

Mtl JP  20:20:59 GMT - 12/15/2017  
nh u still trading the "peripheries" pairs ?

How this weekend could decide the path of the South African rand

Israel Dil  19:13:54 GMT - 12/05/2017  
you funny (old) man jp, even very funny. after breaking down the possible income scheme behind AT due to the unaware aspects in your behavioural social personality, you come with this unaware dance again. how old you was when comparison by/to others made you feel "little" and since then you trust making comparisons to make you "powerful", "smart" and "in control"... get aware jp, just get aware, it's gonna make wonders to your (list/hidden) empathy. :-))))


Mtl JP  18:56:01 GMT - 12/05/2017  
Dil 18:29 r u referring to the thread's title ? I would gladly "extremely overvaluae generals and military people in general" IF it paid biggly.
With respect to "100% taxation over inheritance. that's what humanity needs." it is the Empire that gets its food from taxation and how that gets spent. "humanity" has approx 0 influence. So you have a choice to whine like Ib or PAR or join and do like the thread suggests.

"Appear to own nothing, but control everything." - John's great grandson Nelson.

Israel Dil  18:29:39 GMT - 12/05/2017  
jp - don't you extremely overvaluae generals and military people in general? how is that possible to have warmth towards people making a living from an agenda of politicians?

time for 100% taxation over inheritance. that's what humanity needs.

Livingston nh  17:57:04 GMT - 12/05/2017  
JP - it's called the BIG Mistake tactic - if the opponent goes for the "easy" move the Trap snaps shut -- Iran has avoided this since the Carter debacle - Reagan declined in Lebanon

Bush, the idiot son, had no clue despite his father's taking advantage of Saddam

Mtl JP  17:50:43 GMT - 12/05/2017  
Dil but I do note what it takes for some “Little Rocket Man” increase the visual acuity and focus to point of distraction of some bombastic trump-et-eer so that he sends, to within 400-500 mile range, at least three $8 + billion , $40+ million per week supercarriers with at least 5,000 young men per. It blows my mind to think his generals allow this concentration of extremely vulnerable to cheap missiles targets to mass.

Mtl JP  16:44:29 GMT - 12/05/2017  
Dil I am afraid my knowledge of "giraffe on mount everest hear"ing ability of some mouse is less than limited: it is non-existent

Israel Dil  16:34:07 GMT - 12/05/2017  
Mtl JP 16:28

can giraffe on mount everest hear a mouse at the dead sea?

that's the value of Abbas's "warning"

Mtl JP  16:31:53 GMT - 12/05/2017  
missed this part: "A senior administration official said last week that Trump would likely make the announcement on Wednesday"

Mtl JP  16:28:52 GMT - 12/05/2017  
according to haaretz:

Trump Informs Abbas He Intends to Move U.S. Embassy to Jerusalem, Palestinians Say and

Abbas warns Trump that the highly contentious move will have 'dangerous consequences'

Mtl JP  20:21:55 GMT - 12/01/2017  
unless the next headline is something along the lines of nh 17:40
maybe the political class of entertainers will make orange costumes the next fashion fad

dc CB  19:57:44 GMT - 12/01/2017  
The weekend NuZ cycle is set - wall to wall
ON: Trump Russia
OFF: feeling up females by high paid TV stars and Network Execs, Congressional Slush Fund taxpayer money paying off felt-up Congressional aides, Uranium One, The Clinton Foundation tax problems, the crumbling DNC, HRC's newly found emails.

It's a Big Win for the side that lost the election. LOL

Mtl JP  19:25:43 GMT - 12/01/2017  
oy ,, this is getting yummy IF true as per ZH:

Kushner Said To Have Ordered Flynn To Contact Russia

Mtl JP  06:28:23 GMT - 11/30/2017  
it is as if Harada talked to himself

Mtl JP  23:27:34 GMT - 11/29/2017  
Japan is waking up and will come on soon - in approx half hour
potential for yakker to push prices around some at open

Mtl JP  18:59:23 GMT - 11/29/2017  
for change in flavor ... speculation vs certainty:
whined janet: "having only 3 governors is difficult but doesn't stop the Fed's work" during her Q&A

I am biased: I want to believe janet that "doesn't stop the Fed's work"
more moRE MORE trade opps a-coming curtesy the FED

Mtl JP  15:15:14 GMT - 11/29/2017  
Any wonder Gold is down and dlr uP?
Paroles... paroles... paroles...

Donald J. Trump‏Verified account
Follow Follow @realDonaldTrump
Just spoke to President XI JINPING of China concerning the provocative actions of North Korea. Additional major sanctions will be imposed on North Korea today. This situation will be handled!

6:40 AM - 29 Nov 2017

Mtl JP  10:26:02 GMT - 11/29/2017  
The ECB cretinhood is out yet again - they do this 2x/yr - with their "Financial Stability Review"
Where the ECB sees "Risk" I see OPPORTUNITY.
Lets see...

29 November 2017
- Risks of a repricing of global risk premia remains significant
- Bank profitability prospects still challenged by structural vulnerabilities
- High private and public debt burdens could give rise to debt sustainability concerns in some countries
- Financial stability risks partly mitigated by improved economic conditions
- The risk of a rapid repricing in global markets nevertheless remains
- Risks to euro area financial stability may also emerge from the investment fund sector. This sector has further increased its risk-taking in recent years.

The Review singles out four main risks to financial stability in the euro area over the next two years (see table).

Economic growth is supporting financial stability but markets are vulnerable to a sudden increase in volatility

Mtl JP  20:22:21 GMT - 11/28/2017  
Last week-end canadian MSM was all over itself parading whining and crying and pi$$edoff canadian politicians of all genders and colors after 5th round of NAFTA yaks suggesting trump-et's team is not interested in a win-win-win deal. One could think they have given up on canada's by faaarrr biggest trade partner.

The political collective was suggesting to canadian businesses to go out and seize and make new deals with EM countries specifically pointing mainly at China and India (highlighting massive demographics and implying massive opportunities) among a slew of others claiming that in this day and age of internet physical distance is not a major barrier anymore.

Now I reading that ... "The Russian Security Council has asked the country’s government to develop an independent internet infrastructure for BRICS nations, which would continue to work in the event of global internet malfunctions. ... .. ... They decided that the problem should be addressed by creating a separate backup system of Domain Name Servers (DNS), which would not be subject to control by international organizations. This system would be used by countries of the BRICS bloc – Brazil, Russia, India, China and South Africa. " ...


Russia to launch ‘independent internet’ for BRICS nations - report

Israel Dil  20:22:39 GMT - 11/21/2017  
anywayz, that's old money already.

by the next trading day after thanksgiving, UKRAINE to play major role in VIX spike.

Livingston nh  20:08:08 GMT - 11/21/2017  
I'm not a real big fan of leverage sometimes - I've tried currency options but it's not the same as stox - margin is not my game except VERY short time frame and TIGHT stop, too nerve racking and sleep depriving

Israel Dil  20:01:57 GMT - 11/21/2017  

you played it spot the whole way?
what's the reason for not opening the position with forward rate and then close it with interest paying shorts to the same date?

Livingston nh  19:57:11 GMT - 11/21/2017  
thanx dil but the vig ate up a lot of it

Israel Dil  19:46:25 GMT - 11/21/2017  

nice +10% ride with USD/TRY, well done.

PAR 19:33:27 GMT - 11/21/2017  
Next Erdogan wants to tap ECB liquidity ? Mafia Mario may agree .

Livingston nh  19:28:11 GMT - 11/21/2017  
jp - not as much as last year - BUT the view is the same - Erdogan and the "independent" CB are at loggerheads -- capital controls are coming // Merkel weakness may be a temptation for Erdogan for another payout -- OPEC may be a problem next week as turkey's new best friends, Iran and Russia, take advantage of the Saudi revolution

Mtl JP  19:00:34 GMT - 11/21/2017  
Livingston nh u still yank on the usdtry ?
puppy has had a decent run of late,
what is ur forward view ? tia

Mtl JP  18:56:34 GMT - 11/21/2017  
I like playing gaps - one of my fave plays.
But, naturally, I would hate to "fall for it" on the next gap that will appear and, as this puppy's pictorial record consistently shows, so far they always close, but on the one time I decide to play it, it won't.

Mtl JP  18:07:10 GMT - 11/21/2017  
VIX day range: 9.69 - 10.78

Israel Dil  18:03:21 GMT - 11/21/2017  
wider the gap to be JP... it's about the point of everything being too perfect, ding-dong boom!

Mtl JP  18:01:02 GMT - 11/21/2017  
Dil just opportunistically
long us week-end coming up
should not see players engage long-term possies

Israel Dil  17:55:49 GMT - 11/21/2017  
hey jp... today and tomorrow, do you plan some VIX loading again?

Mtl JP  17:49:32 GMT - 11/21/2017  
a cruel joke

Opinion: Janet Yellen’s true legacy is her focus on middle-class wages

Mtl JP  10:52:25 GMT - 11/21/2017  
in progress

UK Treasury Committee Tuesday 21 November 2017

Israel Dil  15:59:36 GMT - 11/17/2017  
Obama's "business" card: former US president
JP's "business" card: former economist

the word "former" used three times in this post

Mtl JP  15:45:18 GMT - 11/17/2017  
big f-ing diff: Thomson Data Analyst: $52577 average
granted salaryman's income is steady vs that of "independent"

ps / I am a former economist who has lost respect for the "on the other hand" putz-hood.

Mtl JP  15:34:30 GMT - 11/17/2017  
ok ib ignore is easy nuff to do.
actually in my 12:06 post I was hoping - perhaps foolishly - to collude for mutual benefit vs the collusion-ist CBankers

Paris ib  15:28:42 GMT - 11/17/2017  
J. Walter Thompson is some other industry.

Paris ib  15:26:31 GMT - 11/17/2017  
JP you are way out of date matie. Thomson was my first job out of University way back when. Working independently is what you expect it to be: more freedom, more responsability. No regrets but seriously mind your own business. :-)

Mtl JP  15:23:27 GMT - 11/17/2017  
ib u asked.. I didn't count: search on ib provided
so pray tell... how rewarding is "work independently" vs typical J. Walter Thompson Worldwide Financial Analyst salary is $52,273. Financial Analyst salaries at J. Walter Thompson Worldwide can range from $46,366-$60,000 curtesy ?

Paris ib  15:15:36 GMT - 11/17/2017  
Seriously? You even counted. Permit me: GOOD GRIEF !!

Paris ib  15:14:47 GMT - 11/17/2017  
JP you obviously have too much time on your hands.

Mtl JP  15:12:51 GMT - 11/17/2017  
64 occurrences of "good grief" agony cries from archive search on Paris ib

Paris ib  15:07:29 GMT - 11/17/2017  
JP where is the 'Agony' in your opinion?

Mtl JP  15:03:35 GMT - 11/17/2017  
ib re "Stop reading the financial tabloids" honestly I would want to take your suggestion - from a former "Market Analyst for Thomson Financial" seriously. Is Draghi's missive of "financial tabloid" quality ?

Paris ib  14:50:16 GMT - 11/17/2017  
JP you obviously live in a parallel Universe. Stop reading the financial tabloids or wherever you get your financial information. Agony? I mean please.

Mtl JP  12:24:02 GMT - 11/17/2017  
and IF you - anyone really - have money on deposit in EU banks, with respect to draghi's promise of "building up buffers for the future" I invite you to read my 15:34 GMT November 16

Mtl JP  12:06:14 GMT - 11/17/2017  
PAR and Paris ib I may have some bad news for you: your agony appears to be FAR from over:

mario "bazooka" draghi , in his Nov 17th "Monetary policy and the outlook for the economy" both self-congratulatory and flagellating yak delivered the following promise:
..."while we are confident in the recovery, we still need a patient and persistent approach to our monetary policy to ensure that medium-term price stability is achieved. ... . ... Despite this progress on the real side of the economy, from a monetary policy perspective our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation. ... A sustained adjustment is one where the return of headline inflation towards our objective is durable and not just a temporary blip, and it can be self-sustained without monetary policy support. We do now see inflation moving steadily away from the very low levels of recent years, although progress remains incomplete and partial." Seeing that ... "our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation. ... progress remains incomplete and partial ... the underlying inflation trend remains subdued ... it still lacks clear upward momentum ... we have to remain patient ... An ample degree of monetary stimulus remains necessary for underlying inflation pressures to build up and support headline inflation over the medium term. " ....

This means actively putting our fiscal houses in order and building up buffers for the future – not just waiting for growth to gradually reduce debt. It means implementing structural reforms that will allow our economies to converge and grow at higher speeds over the long term. And it means addressing the remaining gaps in the institutional architecture of our monetary union.

Mtl JP  01:37:03 GMT - 11/17/2017  
BOING... 1.1803
BAG them pips !
courtesy A/T

Mtl JP  00:39:13 GMT - 11/17/2017  
1.1792 -
looks like euro going after 1.1803

Dillon AL  00:34:34 GMT - 11/17/2017  
jp in other words Williams is spouting more of the same

Mtl JP  22:20:51 GMT - 11/16/2017  
...."In the event of a future recession we will need to lean more heavily on unconventional tools, like central bank balance sheets, keeping interest rates very low for a long time, and potentially even negative policy rates."....

from yak courtesy cretin Williams'

What’s the Future of Interest Rates? The Answer’s in the Stars

Israel Dil  03:01:00 GMT - 11/15/2017  
abel, having empathy to chickens doesn't mean turning into one... those two trades are good enough to steal some. IMVHO

jkt abel  02:48:52 GMT - 11/15/2017  
Dil, the moment you put those trades on GV, it usually won't work out anymore. You know they call it GV-effect.

Mtl JP  02:11:19 GMT - 11/15/2017  
Dil 01:29 thx for concideration
lately I have developed an affinity for also trading Gold in addition to usual suspects

Israel Dil  01:29:42 GMT - 11/15/2017  
sold just now...

EUR/AUD @ 1.5550
GBP/AUD @ 1.7330

timing on me, stop and limit on you


JP - food/drinks and also spoon and straw brought to you, PLEASE make some :-)))

Israel Dil  01:23:42 GMT - 11/15/2017  

Entry: Target: Stop:
sold just now...


timing on me, stop and limit on you


Mtl JP  00:05:40 GMT - 11/15/2017  
BoD Gold: war mongering cretin warmup

North Koreans are very close now to being able to drop thermo-nuclear warheads on any target in the US. The resolution of this issue is so important because the proliferation impact of North Korea getting nuclear weapons around the world would be considerable.

Mtl JP  06:49:51 GMT - 11/14/2017  
European Central Bank
Scheduled for Nov 14, 2017
At the heart of policy: challenges and opportunities of
central bank communication

Coming up Live: Chair: David Wessel, Brookings Institution
Mark Carney, Bank of England
Mario Draghi, European Central Bank
Haruhiko Kuroda, Bank of Japan
Janet Yellen, Federal Reserve

Mtl JP  12:01:19 GMT - 11/09/2017  
new trade opportunities courtesy our OECD friends:

Stable growth momentum remains the assessment for the United States, Japan, Canada and the euro area as a whole, including France. The CLI continues to point to growth gaining momentum in Italy, and now also in Germany. In the United Kingdom, however the outlook has weakened as signals of easing growth have intensified.

Amongst major emerging economies, the CLIs point to growth firming in Brazil and to signs of growth gaining momentum in the industrial sector in China. Stable growth momentum is anticipated in India and Russia.

Composite Leading Indicators (CLI), OECD, November 2017

Livingston nh  18:19:09 GMT - 11/07/2017  
ah, HUBRIS -- see how well these guys perform when real inflation shows up

Mtl JP  18:06:58 GMT - 11/07/2017  
fun reading
poloz on:

Understanding Inflation: Getting Back to Basics

Mtl JP  17:56:31 GMT - 11/07/2017  
ieeha ! ataboy steven

Mtl JP  17:54:21 GMT - 11/07/2017  
re usdcad: I am biased down on Poloz.
Do not think he can sound freaky scared; at max only cautious

Mtl JP  17:44:59 GMT - 11/07/2017  
usdcad 1.2789
reminder re poloz' yak: text due out at 17:55 fwiw

dc CB  16:44:26 GMT - 11/07/2017  
We can expect the bull market to run 8 to 10 more years, strategist Jeff Saut say


Amazing Trader Jay Meisler  16:29:31 GMT - 11/07/2017  
Register for the Next Generation Amazing Trader

EURUSD 1.1565

Hits next Amazing Trader support at 1.1566. Don't ignore the down Ladder cited earlier. Amazing Trader trendline support lies just below.

Amazing Trader Jay Meisler  15:59:08 GMT - 11/07/2017  
Register for the Next Generation Amazing Trader

EURUSD 1.1581

Amazing Trader next resistance untouched at 1.1593 (high was 1.1589). Ladder forming to the downside, suggests a top may be in but only a break of 1.1566 (next AT Ladder support) would break the lingering risk on the upside.

Amazing Trader Jay Meisler  15:38:35 GMT - 11/07/2017  
Register for the Next Generation Amazing Trader

JP, what I have learned and tell our subscribers is not to ignore the Amazing Trader Ladder signs. You can see how this played out in USDCAD.

There is an up Ladder in EURUSD and see how this played out with a run through buy stops above 1.1580.

There was a good clue in the Amazing Trader EURGBP (up Ladder) chart

london red  15:02:18 GMT - 11/07/2017  
relativel lrg 13150 exp keeping it supported today. close to a yard, lrg for cable

Mtl JP  15:00:12 GMT - 11/07/2017  
gbpusd 1.3128
unable to deep-dive off gv chartpoint Pivot at 1.3132
maybe it ll go uP ?

Israel Dil  14:27:13 GMT - 11/07/2017  
USD turned irrelevant, just sell it... 1.20 is nearer than most can see for now


Mtl JP  14:08:29 GMT - 11/07/2017  
so to resume : r u long in a hunt of the 1.2834 ladder rung ?

Livingston nh  14:06:50 GMT - 11/07/2017  
again, reference the 144ema on USD/CAD (1.2775) on daily - the 21 dma is rising thru 89ema // the 4 hr is trying to confirm a higher move

OIL may return as the swing factor for a higher USD/CAD

Amazing Trader Jay Meisler  14:05:55 GMT - 11/07/2017  
JP, currently an up Ladder and there is a void to 1.2834 so you see the risk. 1.2781 is one of those make or break (stops?) levels.

Mtl JP  13:58:50 GMT - 11/07/2017  
exactly right Jay.
How are you trading the key resistance at 1.2781?

Amazing Trader Jay Meisler  13:56:51 GMT - 11/07/2017  
JP, look at your Amazing Trader charts -- there is a key resistance at 1.2781

Mtl JP  13:53:30 GMT - 11/07/2017  
typo: 1.12 sb 1.2776

Mtl JP  13:52:43 GMT - 11/07/2017  

Entry: 1.1276 Target: south Stop: ~15ish pips
PhD'd poloz calls his speech "Central banks’ ability to understand inflation"

I am biased: short usdcad

Mtl JP  13:37:03 GMT - 11/07/2017  
new trade opportunity coming up:

November 7, 2017

Speech - Stephen S. Poloz, Governor

CFA Montréal and Montreal Council on Foreign Relations Montréal, QC
13:10 (ET)

Remarks will be published on the Bank’s website at 12:55 (ET)

Press conference

14:00 (ET)

Livingston nh  12:41:10 GMT - 10/22/2017  
jp - Yellen gave a speech a week ago as the IMF world bank gathered (Group of Thirty) about her inflation surprise which was a redo of her Sept inflation confusion speech

The speech from Friday at the economists club had the "Fed did a great job", inflation surprise and a rehash of the unknowable R* // none of this seems tradeable if the Confused Economist is on her way out the door

Mtl JP  21:38:24 GMT - 10/21/2017  
nh tky - I am looking for the one that appears to be more trade-able: I ve been seeing references to

"Monetary Policy Since the Financial Crisis"

Livingston nh  14:33:17 GMT - 10/21/2017  
jp speech ---

Mtl JP  14:00:38 GMT - 10/21/2017  
headlines out about janet's Friday evening yak
but I can not find the text on FED's website

first impression I have from the various reports is that usd should sell off on Monday

Mtl JP  18:08:54 GMT - 10/20/2017  
for the s/term headlines will pop up here n there about odds which donkey is going to sit on the FED's chair.

I am interested in the expected potential effect on yield of each candidate.
tia for ideas

Mtl JP  18:03:18 GMT - 10/20/2017  

Mtl JP  15:59:34 GMT - 10/20/2017  
too bad for FX traders that janet yaks at 23:30gmt after NY trading close

Mtl JP  16:20:39 GMT - 10/18/2017  
Opines Caroline Baum: Fed flunks econ 101: understanding inflation

Then poor Caroline asks "what are we supposed to think when central bankers admit they have no clue about inflation dynamics?"

I know FF is a trade generating rather than economic philosophy discussion forum but does anyone want to help her out ?

Mtl JP  14:12:00 GMT - 10/18/2017  
Treasury Secretary Steven Mnuchin:

‘To the extent we get the tax deal done, the stock market will go up higher. But there’s no question in my mind that if we don’t get it done you’re going to see a reversal of a significant amount of these gains.’

london red  17:58:33 GMT - 10/11/2017  
fwiw mkt is more dovish than fed so minutes will be more hawkish relative to mkt but will there be anything new frm last time to push beyond dec which is baked in.

Mtl JP  17:51:50 GMT - 10/11/2017  
Last minutes were 474 words long.
I do not have the ability to read and react ahead of the dealer.

So I ll keep it simple: either I sit it it out for a few minutes and maybe fade the reaction OR
I turn on my OCO straddling robot few seconds prior
and pray I do not fall victim to flash widening spread

Mtl JP  17:40:13 GMT - 10/11/2017  
I grade praets risk potential same as FED minutes: AA

Mtl JP  17:27:13 GMT - 10/11/2017  
ok folks that time approaching again

at top of the hour:
18:00 AA USFRB Fed Policy Minutes

Wednesday, 11 Oct 2017
Board member:Peter Praet
Event:Speech by Mr Praet at SUERF Conference in New York, USA.
Time:16:30 local time / 22:30 CET
Venue:245 Park Avenue, New York, NY

He may be able to push prices around some as well as he is supposed to yak about exit tactics (not from eu, from QE to be clear)

I am somewhat surprised at the late aft time for Praets yak
It may be earlier

Mtl JP  17:10:14 GMT - 10/10/2017  
in less than an hour from now potential to make/lose pips off

Panel remarks - Carolyn A. Wilkins, Senior Deputy Governor
International Monetary Fund Washington, DC
14:00 (ET)
Remarks will not be published on the Bank’s website.
Trying to keep it simple:
I would be looking to either
sell 1.2550-ish OR
buy 1.2450-ish

Mtl JP  05:56:04 GMT - 10/09/2017  
WSJ reports that

Kim Jong Un Defends Nuclear Program as North Korea’s ‘Treasured Sword’

Mtl JP  05:56:04 GMT - 10/09/2017  
WSJ reports that

Kim Jong Un Defends Nuclear Program as North Korea’s ‘Treasured Sword’

Israel Dil  22:34:42 GMT - 10/08/2017  
jp - China... USA and Russia shown their true capabilities as war mongers, China from the other hand, got rich by enslavement of their own people, means it's one fake hot air balloon .... poof :-)))

Mtl JP  22:29:03 GMT - 10/08/2017  
Dil - I am happy w/Gold

Brexit: 'No deal' planning is well under way, says minister

Israel Dil  22:08:53 GMT - 10/08/2017  

Entry: Target: Stop:

gold additionally to oil... relax, calm down, take a deep breath, enjoy it, keep it going

Russia and USA, not together maybe but well in extraordinary harmonious manner supply arms, weapons and full range of whatever makes wars to run forever without getting a winner our of ones taking actual role in the war but the ones who feed the war on keep going.

Saudia vs Iran war means that both win but not less important also Russia and USA... China? - as always, social religion about infinite youth has a price, no reason to treat China different than western woman addictions to plastic surgeries to keep her public appearances forever "young".... China is a short, big time short :-)))

Chinese in panic mode it's GOLD in ultra all time highs

think about it and play accordingly


Mtl JP  21:15:18 GMT - 10/08/2017  
just like a basement-saving country volunteer fire department... here comes LONDON (Reuters) - Jon Cunliffe, deputy governor of the Bank of England, said he hoped a new requirement for lenders to hold more capital would dampen signs of a “bit of exuberance” in credit card and personal lending to British consumers.

BoE's Cunliffe says controls will dampen 'exuberance' in lending

Mtl JP  20:52:19 GMT - 10/08/2017  
Extraordinary steps may be needed in 2018 to rebalance oil market: OPEC's Barkindo - RTRS

“There is a growing consensus that ... a rebalancing process is under way. We are gradually but steadily achieving our common and noble objectives,” Mohammad Barkindo

Mtl JP  16:31:22 GMT - 10/06/2017  
dudley : I have been surprised by the persistence of the shortfall from the FOMC’s 2 percent long-run objective

Mtl JP  16:25:10 GMT - 10/06/2017  
raining cretins this NY lunch hour:
at 1/4 to: kaplan
on top of hour: bullard
I do not expect big reactionary price moves

Mtl JP  16:20:03 GMT - 10/06/2017  
market zzzzs - no gain/loss
According to dudley:

The Monetary Policy Outlook and the Importance of Higher Education for Economic Mobility

Mtl JP  16:09:34 GMT - 10/06/2017  
ACHTUNG !! potential to make/lose pips at 1/4 past the hour
dudley - voting dove - yaks policy
and Q/A

Mtl JP  01:30:11 GMT - 10/06/2017  
Gold/usd 1268.65 - and sofar zzzzs
courtesy zerohedge:
President Trump Warns Ominously: "It's The Calm Before The Storm"

"You guys know what this represents? Maybe it's the calm before the storm," he said.

"It could be the calm... before... the storm."
A reporter quickly asked what the storm might be -"Is it Iran, ISIS, what's the storm?" to which he replied...

"'ll find out."

link to video clip

Mtl JP  16:29:11 GMT - 10/04/2017  
can the British clown's comedy hour get funnier ?

U.K. leader Theresa May’s slogan literally fell apart during her ‘disastrous’ speech

Mtl JP  16:09:27 GMT - 10/04/2017  
Amazing weather here - 31/2hrs to janet's intro yak
to me not worth waiting for ooohh / aaaahh b/s
better things to do than waste time on her
usdcad 1.2484
I am biased down
- think puppy has 50/100 nega-pips

Mtl JP  10:59:06 GMT - 10/04/2017  
last kick at the can before he rides off onto the garbage heap of history

06:36 Fischer says pace of interest-rate hikes is 'ok'
06:36 Fed's Fischer says he expects inflation to pick up

jkt abel  08:09:35 GMT - 09/29/2017  
nobody is attacking what to nobody
get that sensitivity out of the window please and have a peace inside
you can trade better without all those burdens

ESP AC  07:36:05 GMT - 09/29/2017  
instead of attacking me, why not attack DC CB for saying that comment to Al in the first place??
The world is so fecked up...

And Hilly, how do you know he is not? Why did he feel the need to make that comment if he is not? And even if he is racist, why did he need to say it?/
As a whitey I am constantly amazed by this reverse racism today.
Just leave it out of this place and trade ffs...

Mtl JP  07:34:25 GMT - 09/29/2017  
In the meantime rokstar of banking yakking
gbp took a bit of a puke on his claim that when he ll be raising rates it will be very tender and careful - according to him

USA ZEUS  07:22:43 GMT - 09/29/2017  
Agree I don't believe for a second CB or his comments were racist. But who am I to say? Discussing politics and religion with so many people from all over the world with small soundbites and brief comments is all to easy to be misinterpreted. Greatest challenge of this forum in my opinion.

Hence I will only engage in trading related conversation. Sometimes that gets mis-interpreted as well but we try.


Hillegom Purk  07:18:49 GMT - 09/29/2017  
I cannot believe DC CB is criticising Tonbridge Al for having a white, English accent!
I have never seen such a racist comment on here, ever, in over 12 years of looking in.
He is not a racist.

jkt abel  07:17:00 GMT - 09/29/2017  
racist? what racist comment? I dont even know what you guys are talking about.
AL didn't even complain about it
why should you get so fumed out ESP, AC? relax and chill out a bit
I dont understand why people are getting mad so easily these days
anyway, all i am saying please calm down and let's just focus on trading and get that sensitive thing away

ESP AC  05:43:09 GMT - 09/29/2017  
I cannot believe DC CB is criticising Tonbridge Al for having a white, English accent!
I have never seen such a racist comment on here, ever, in over 12 years of looking in.
Totally out of order attacking one of the longest running members who has contributed more to this place than anyone.
I am so fecking upset by that attack, DC CB after years of posting here has lost all credibility, he should be totally ignored by everyone and basically run out of town....

dc CB  03:11:18 GMT - 09/29/2017  
"The problem with Bombardier is ..."
good deflction LOL

Dillon AL  00:59:18 GMT - 09/29/2017  
The problem with Bombardier is that it produces a plane that Boeing does not and Delta ordered this plane. Bombardier is a minute company vs Boeing and it is hard to understand why Boeing lobbied Trump to impose the tariffs. Theresa May has suggested The UK would stop ordering from Boeing so the drum beat starts. Recession when it comes will hit hard and fast

Debt to a penny shows Jan 19th 2017 19.944 Tln and if you remember Trump was so upbeat about the fact that it had declined in the early days of his administration...well it is now as of today 20.189 Tln
In sept alone it has jumped 365 bln and if the excuse is Hurricanes then frankly that is a load of bollocks and hides the true reason for the rise
Lower Growth higher debt higher interest rates = higher Usd methinks not

dc CB  00:48:28 GMT - 09/29/2017  
But then as a lowly immigrant myself what do I really know and judging from rhetoric from Steve Bannon what do I really contribute

give me a f*c'in break

you have. I assume, and English accent, based on your Trading Vid...That my mate is ....well I'll not post that here.

You have the wherewithall to Buy into a Colorado Ski destination. LOL population ---400? Bali HI

Cry me a :

made an impression on me when I saw it at age 7

Bali High

Dillon AL  00:37:19 GMT - 09/29/2017  
Re: Tax cuts:
talk of corp rate at 35% is a nonsense. Ask AAPL and their tax is closer to 20% right now so the idea that growth will pay for is utter baloney
and additionally takes no account of any problems/black swan from China or even Europe for that matter. If the strategy is to impose tariffs - Bombardier style - and result in creating a so called trade war then the world will have a recession from which there are no winners.
As to so called overseas money being repatriated I am not sure how Usd held in overseas banks because that is essentially what it is coming back "home" makes a blind bit of difference.
H1B visas show that The US is incapable of producing what CSCO/MSFT/GOOG/ etc need so what makes this administration believe that the current workforce IE those unemployed but not seeking a job actually want a job. What I am trying to say is that the Baby Boomers are tired and the current available entitled Millennial workforce do not want a job hence growth is unlikely to occur to the extent that Gary I wanna be The Next FED guy hopes for

But then as a lowly immigrant myself what do I really know and judging from rhetoric from Steve Bannon what do I really contribute

dc CB  00:37:18 GMT - 09/29/2017  
it Never Sleeps

Florida get ready...Gulf!

Mtl JP  23:59:50 GMT - 09/28/2017  
Dillon AL 23:35 re BTW has anyone suggested how exactly the current proposed tax changes are going to be paid for or do they expect GDP growth to cover it? You just had to ask eh ?

But have no fear Gary is here:

Trump advisor Gary Cohn says we can pay for the entire tax cut through economic growth - CNBC

dc CB  23:56:57 GMT - 09/28/2017  
If any of these last MegaCaines had ridden up the east coast.
** direct line into the Chesapeake Bay -- taking out DC, Balt, Philly.
** Taggin the OuterBanks, corssiing Long Island flooding Manhattan, crush banhrupt Connecticut, and drowing Boston.

We'd be looking at a whole differnent outlook. There but for the Grace of the Winds or the gods or the Black Swan that we but didn't land...Whatever.

September was close to turning the East Coast into what you are now seeing come out ot Puerto Rico.
And Trump and WashDC would be 'takin' a knee'

dc CB  23:46:45 GMT - 09/28/2017  
re-enforce their illusion, by repeating that msg.

by repeating THEIR msg...

dc CB  23:44:52 GMT - 09/28/2017  
the Demos' no longer exist. They have yet to discover that for themselves. THE Media(short them) re-enforce their illusion, by repeating that msg.

The Repubs -- similar. The UniParty is at RISK. The worst that can happen is Nov 22 '63.

The battle will take years. Fall 2018 is a marker.

Right now, so it seems the Money shows support or the current.
New Highs into the Bonus End of the Quarter ....Tom Tom the sun will shine's only a day away.

Dillon AL  23:35:29 GMT - 09/28/2017  
The D's need to fold and finally accept that they lost.... period. They lost not because of Russia or anything else but they lost cos noone liked their leader. It seems as well that her current round of being interviewed is nothing more than an attempt to have another go in 3-1/2 years time at which point they will guarantee the incumbent another term.

Of course the fact that the two houses have miserably failed to enact any headline legislation is not really surprising and things like Russia are a good distraction to try to suggest to their electorate that they are doing something meaningful

Now do not get me wrong there is much to fault the R's as well but...
BTW has anyone suggested how exactly the current proposed tax changes are going to be paid for or do they expect GDP growth to cover it?

dc CB  23:29:43 GMT - 09/28/2017  
Dis Means WAR...CUE...You're on Hillary.
(pssssst pssst psst. She lost)

Israel Dil  22:28:47 GMT - 09/28/2017  
from Kurdistan to Europe via Turkey as Russian production. there is a new sheriff in town (middle east).

chapter geopolitics: Middle East as Russian/Putin's home playground

dc CB  21:41:42 GMT - 09/28/2017  
Tweeeeeeeetttttttt. LOL

Earlier today Twitter Vice President for Public Policy Colin Crowell met with staff from Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence to discuss how Twitter may have been exploited by sneaky Russian operatives to sway the course of American history by undermining the candidacy of Hillary Clinton.

After spending months investigating, Twitter apparently was only able to find 201 accounts (out of roughly 68 million in the U.S., btw) linked to "potentially Russian related" users. Moreover, and undoubtedly adding to Warner's frustration, Twitter further noted that not a single one of the 201 accounts "were registered as advertisers on Twitter."

Twitter Provides "Russian Interference" Update; Senator Warner Blasts As "Deeply Disappointing"

dc CB  21:33:00 GMT - 09/28/2017  
Has Zuckerberg made the fatal mistake of mixing polititcs with a business model that depends on the masses "liking" his platform.

remember MySpace? No? Neither does anybody else.

The WunderKid has been unloading his stock recently and that has caught the attention of the FinPress.

Clinton Lawyer Helped Facebook Avoid Political Ad Disclosures

Israel Dil  18:50:55 GMT - 09/28/2017  
RTRS as agenda addicts writing propaganda and call it news... dangerous people, the owners of RTRS, who are they?

Beyond the daily drama and Twitter battles, Trump begins to alter American life

Mtl JP  14:38:48 GMT - 09/28/2017  
fwiw I am trailing the short 1.18 eurdlr atm

miigun joyya  14:33:01 GMT - 09/28/2017  
euro up again so i will stay long euro....i was busy today in cars biz today made nice gain in cars could not make pipsin forex this week.....look like gbpjpy want 153/155 this week if stay above 150 till tomorrow then very possible 153 or 147.....

Mtl JP  14:15:32 GMT - 09/28/2017  

Entry: ~ 1.18 Target: down Stop: 1.1810/25

Mtl JP  14:07:51 GMT - 09/28/2017  
Fischer's turn - yakking now
so far not useful

Mtl JP  14:00:29 GMT - 09/28/2017  
effect of trump-et man's tax reform babble appears to have half-life of a fruit fly

Livingston nh  13:08:49 GMT - 09/28/2017  
Monthly and Quarter adjustments may be trading off Cretins more than usual -- Fed Head appointment, Carney rate hike, Draghi taper are all open items

Mtl JP  12:44:04 GMT - 09/28/2017  
in an hour from now will yak hawk George
15 minutes later: rider onto garbage heap of history Fisher

Israel Dil  12:28:40 GMT - 09/28/2017  

Entry: Target: 1.1666 Stop:
let's see :-)))

Mtl JP  12:18:51 GMT - 09/28/2017  
potential trade opp to make/lose pips coming up at bottom of hour

Mtl JP  12:11:48 GMT - 09/28/2017  
uncountable, the socially responsible choices janet makes via bbrg:

Janet Yellen Can’t Help Retirees

Mtl JP  06:44:25 GMT - 09/28/2017  
as gbp 1.3350 holds - potential trade opps off yik yak by May and Carney at a

conference is being held to mark 20 years of operational independence for the BoE. - RTRS

Mtl JP  06:03:59 GMT - 09/28/2017  
I like trying to make pips off Cretins. It is fun and I like the ease that is associated with it. However Cretins of the political denomination, being peddled as "expert"s require prudence. Always.
With that in mind consider:

SEOUL (Reuters) - South Korea expects North Korea to engage in more provocative action next month to coincide with the anniversary of the founding of its communist party and China’s all-important Communist Party Congress.

In a meeting with President Moon Jae-in on Thursday, national security adviser Chung Eui-yong said he expected Pyongyang to act around Oct. 10 and 18, but gave no details.

South Korea expects more North Korea provocations mid-October - RTRS

Mtl JP  00:29:34 GMT - 09/28/2017  
according to May - extract of what she is allegedly going to say on Thursday:

appropriately regulated free markets

Mtl JP  19:58:59 GMT - 09/27/2017  

President Trump Gives Remarks on Tax Reform

Mtl JP  17:53:37 GMT - 09/27/2017  
Dil I like to keep things simple.
I don't have any particular buy Gold pricing level
My robot is just sitting there, 24hrs, looking for certain price acceleration and price breakout to jump on. I've told him - my robot - to look at buy only and send me a sound alert and an email if it is jumping on.

Israel Dil  17:39:45 GMT - 09/27/2017  
jp - you gold buyer between 124x-126x ?

Mtl JP  17:25:06 GMT - 09/27/2017  
One less trade opportunity to make/lose pips:

Who is it that is sick again ? .... A person familiar with the matter said Draghi’s decision was due to a health issue affecting one of his relatives. as

ECB's Draghi cancels attendance of Bank of England event - RTRS

Mtl JP  07:12:25 GMT - 09/27/2017  
euro 1.1750 = decision time
about dlr bid

Mtl JP  04:02:00 GMT - 09/27/2017  
new trade opportunity coming up (gain/lose pips)
I am biased - ordering my robot to trade usd from the long side

via Bloomberg:

Trump and Republican leaders will announce their long-awaited tax overhaul plan Wednesday

Israel Dil  18:47:34 GMT - 09/26/2017  

Entry: Target: Stop:
America's deep state since ever

North Korea: nothing will happen

Mtl JP  18:38:07 GMT - 09/26/2017  
Ball in NK's court:
at a presser with Rajoy trump-et man let it slip that he is prepared to attack NK if provoked.

nw kw  18:23:55 GMT - 09/26/2017  
jp- lookoutside c gas shot up. betsss. long 1.22 st 1.21

Mtl JP  16:34:17 GMT - 09/26/2017  
U.S. 2 Year Treasury (US2Y:U.S.)
Yield - 12:29:41 PM EDT
1.444 % +0.017

Mtl JP  16:27:08 GMT - 09/26/2017  
hey nh 15:10 think sam is sucking up for the FED chair ?

"There’s been very significant change since Trump was elected in November, and change that is positive"

Trump gets kudos from billionaire Sam Zell

Mtl JP  16:07:00 GMT - 09/26/2017  
12:45 p.m. (i.e in 39 minutes)
Speech--Chair Janet L. Yellen
Inflation, Uncertainty, and Monetary Policy
59th NABE Annual Meeting, Cleveland, Ohio
lets see if the current usd bid will have been temporary

Mtl JP  15:29:23 GMT - 09/26/2017  
nh that would be good for Gold

Livingston nh  15:10:24 GMT - 09/26/2017  
Jp - with fischer gone Yellen has 2 confirmed doves (Kashkari and Brainard) and 2 data doves (Kaplan and Evans) w/ Powell and Harker as toss-ups -- if President Trump throws her overboard the doves may be emboldened to block a hike

Mtl JP  14:46:47 GMT - 09/26/2017  
sofar no posi-pips worth talking about riding either Mester o Brainard

Mtl JP  12:31:41 GMT - 09/26/2017  
raining yakkers today:
13:30 - Mester
14:30 - Brainard
15:30 - Bostic
16:45 - Yellen + Q/A

dc CB  23:28:57 GMT - 09/25/2017  
Dear Fed Mouths

the problem with paradise...

Mtl JP  23:11:31 GMT - 09/25/2017  


dc CB  21:18:37 GMT - 09/25/2017  
that Rag has a storied history that peaked a bit less than a year ago.


Mtl JP  21:13:43 GMT - 09/25/2017  
It seems that the so-called rocket-man beat Newsweek with his "mentally deranged U.S. dotard" prognosis. News.... weak ?

dc CB  21:11:19 GMT - 09/25/2017  

Israel Dil  21:03:24 GMT - 09/25/2017  
Maria wet @ Virgin Islands = Jesus 2.0 nine months further

Mtl JP  20:59:47 GMT - 09/25/2017  

to Dry out Wet Currency

dc CB  20:50:12 GMT - 09/25/2017  
Deep Thoughts.

so if there's no power in the British VI's, do the locks on the offshore deposit boxes vaults fail. Is the cash that I stashed there Wet?

No one is answering the phone. what shud I do?

Puerto Rico and the Virgin Islands

Israel Dil  20:18:26 GMT - 09/25/2017  

Entry: Target: Stop:

Mtl JP  20:07:30 GMT - 09/25/2017  
I am on record here on FF about what the simple solution to the cretins' confusion about inflation is. It basic nomenclature.

2 kinds of inflation:

a) money supply inflation or printing
b) price inflation

To keep things simple:
a) = conjuring more money units today than there were yesterday all the while the units of goods or services remains steady.

b) = measure of willingness of plebs (as opposed to not willingness) to part with more money units for same item or hour of service today than yesterday.

Explanation: the fault lies in the Economics 101 assumption that IF there is an increase in the number of "money" units in an environment of steady number of available units of goods or services that plebs will be willing to part with more money units for the same loaf / shoe shine service.

dc CB  19:36:28 GMT - 09/25/2017  
McMaster Says Cannot Discount Possibility of War With N. Korea: BBG

dc CB  19:09:25 GMT - 09/25/2017  

dc CB  18:59:30 GMT - 09/25/2017  
Cretins indeed. Cna't even agree about wtf is actually happening.

Inflation? what's inflation?

Israel Dil  15:39:35 GMT - 09/25/2017  
wake me up when the missile hits the plane... 😆

dc CB  15:35:36 GMT - 09/25/2017  
North Korea's foreign minister says Trump's latest statement was "a declaration of war" against his country...

"North Korea has the right to shoot down U.S. warplanes as part of its right to self-defense under the United Nations charter."

"all options are on the table for North Korean response..."

"The whole world should clearly remember it was the US who first declared war on our country," Ri said to reporters in New York as quoted by Reuters.

Mtl JP  15:21:11 GMT - 09/25/2017  
oh oohhhh
I dont even need news some reader to know that some cretin said something disparaging about some other cretin

Mtl JP  14:43:30 GMT - 09/25/2017  
draghi aping janet oooh / aaah janet
babbling something about being most careful not to kneecap whatever it is he perceives as recovery

Mtl JP  13:08:42 GMT - 09/25/2017  
according to


dc CB  23:29:34 GMT - 09/23/2017  
OTS? then Out To Sea

one site's opinion

dc CB  23:19:56 GMT - 09/23/2017  
GFS for Wed

Outer Banks

Mtl JP  21:04:49 GMT - 09/23/2017  
What Janet - "miffed by low inflation" - Yellen delivered was a sell-off in 2-yr paper. One has to go back nearly 10 (ten !) years to see the yield on the 2-yr paper this high.

The So What ? Bottom Line
I am biased. I like keeping things simple:
US Dollar has a positive correlation with 2-yr Treasury paper yield.
When the yield goes uP usd gets (more often than not) bid.

Dollar <-> 2yr yield correlation trade maybe not be easy but is definitely easier compared to other trades.

U.S. 2 Year Treasury Note

dc CB  09:08:53 GMT - 09/22/2017  
they are not
send help

Bebo y Chucho Valdes

dc CB  07:55:17 GMT - 09/22/2017  

music till dawn

Mtl JP  07:46:07 GMT - 09/22/2017  
it is only 3:45am here 4 me

dc CB  07:43:46 GMT - 09/22/2017  
did you catch your own tonite?
Canadian rocket

Mtl JP  07:28:49 GMT - 09/22/2017  
and 2 u CB

re telephone posts

dc CB  06:55:39 GMT - 09/22/2017  
Cheers to you JP

Mtl JP  06:49:58 GMT - 09/22/2017  
Hi Charlie ! It would be 2 long to essplain where "this stupid sh*t" comes from but to keep it simple in current geo-political environment "this stupid sh*t" has decent potential to move prices (ie new trade opportunities). Note that it only optional to trade off "this stupid sh*t";
Early indications are that us stox are going to open lower again this morning in the wake of reports by South Korea's Yonhap news agency of possible hydrogen bomb tests over the Pacific Ocean.

Calendar heads for good potential for new trade opps:
janet, the same janet who admitted she is clueless about "inflation" is scheduled to yak about exactly that same topic on the 26th at the NABE conference

Memphis Charles  22:41:32 GMT - 09/21/2017  
Where in the world does this stupid sh*t come from? Take it to the political forum if you can't resist the editorial commentary that does nothing for trading forex.

Mtl JP  21:21:32 GMT - 09/21/2017  
here is aping-ing man munchkin making sure trump-et man's message got repeated:

Mnuchin says companies working with North Korea are ‘on notice’

Jkt Abel  17:12:08 GMT - 09/21/2017  
Even if pboc says so, there is no way Trump is going to control and monitor if it is implemented fully. Trump trusts China when he has been attacking their trade relationship? Thanks America for this clown Potus.

Mtl JP  16:52:05 GMT - 09/21/2017  
this needs confirmation by a Chinese source:

12:30 Trump: China's central bank told banks to stop doing business with North Korea - MarketWatch

as I have not seen PBoC appoint trump-et man its mouthpiece

Mtl JP  16:47:25 GMT - 09/21/2017  
trump-et man

on Thursday signed an executive order expanding his authority to target people and institutions which do business with North Korea.

Mtl JP  05:27:42 GMT - 09/21/2017  
tky Mr. Lowe

Mtl JP  04:55:07 GMT - 09/21/2017  
potential for new trade opportunity: AUD 0.7996 -
20 and 50dma in play

Coming Up

Speech by Philip Lowe, Governor
– The Next Chapter
– at the American Chamber of Commerce in Australia Business Briefing, Perth
21 September 2017, 3.10 pm AEST (1.10 pm AWST)

Livingston nh  17:56:10 GMT - 09/20/2017  
Action and then the reaction as the birds change direction -- decoder rings at the ready

Hillegom Purk  17:53:34 GMT - 09/20/2017  
or both sides... i would like that...

Mtl JP  17:51:52 GMT - 09/20/2017  
on the other hand ...
IF eurdlr goes sub 119.50 current bulls would probably get culled

Mtl JP  17:44:01 GMT - 09/20/2017  
I am just guessing players are probably more ready / inclined to dump the dollar than to buy it atm

Mtl JP  17:39:56 GMT - 09/20/2017  
Laowen no trade is also a respectable position

Beijing Laowen  17:38:26 GMT - 09/20/2017  
Mtl JP 17:06 GMT 09/20/2017

JP, will you be trading the event? I'd refrain.

Mtl JP  17:06:47 GMT - 09/20/2017  
suggestion reminder for those using MT4 to trade 18:00 FED:

time to fine tune it for optimal speed

Mtl JP  16:52:02 GMT - 09/20/2017  
there is a reason trump-et man's generals are sending in additional aircraft carriers: they do not want to be in position to have to try to shoot down a NK ballistic puppy. Why ? Because they don't want the embarrassment of demonstrating that they can not shoot it down for the world to see

So their fallback option is to rattle conventional hardware.

Bottom Line
will there be a war ? odds are against it
But decent trade opps remain as long as there is rattle: BoD Gold

Mtl JP  15:58:48 GMT - 09/18/2017  
so far huff 'n puff bombast (hailey, trump now lighthizer)
soon they will have to stop b/s and deliver some beef

on ZH short while ago:

US Fires Latest Shot In China Trade War: Warns Beijing Is "Threat To World's Trading System"

SaaR KaL  15:44:17 GMT - 09/18/2017  
Not shorting unless above 1.37 today
Getting 1.15 level for next year

Mtl JP  15:31:27 GMT - 09/18/2017  
gbp retesting the low

Mtl JP  15:29:33 GMT - 09/18/2017  
players are onto the rockstar's b/s

I can just imagine the audience ... experts ... sitting... lapping up his regurgitation of deja-vu ... trying to remain awake ... decide when to applaud ... all the while thinking how many martinis to sla down the hatch at lunch

Mtl JP  15:18:01 GMT - 09/18/2017  
as promised:

Read the full speech - pdf

Mtl JP  09:55:17 GMT - 09/18/2017  
uh-m "great" is a favorite adjective with the BIS crowd of experts in whose opinion "excessive leverage by the household sector was at the heart of the Great Financial Crisis." They even have an acronym for it: GFC

makes their jargon more sophisticated, expert-like

p.48 - .pdf

kl fs  09:35:53 GMT - 09/18/2017  
hehe great unwinding...

Mtl JP  09:32:20 GMT - 09/18/2017  
“If we leave it too late, it is going to be much more difficult to accomplish that unwinding. Even if there are some short-term bumps in the road it would be much more advisable to stay the course and begin that process of normalization.” “The policy challenge is to take advantage of the current tailwinds to put the expansion on a sounder footing,”

In the wake of BoC actual and BoE gumflap-tual hikes our next bet is to determine which CB - there are two on the GV Econ calendar this week + a bunch of gums flapper yakkers not on it - is next to

Push on with the 'great unwinding', BIS tells central banks - REUTERS

Hillegom Purk  08:29:11 GMT - 09/18/2017  
More scaling 13542.

kl shawn  08:03:20 GMT - 09/18/2017  
they are setting up stage for Carney's delivery later on

kl shawn  08:02:21 GMT - 09/18/2017  
yeah Purk, no more stops left, can go up again

Hillegom Purk  08:01:04 GMT - 09/18/2017  
eating stops over in cable?

kl shawn  07:58:39 GMT - 09/18/2017  
Kal, i thought u quitted ;) come back for more beatings?
yeah looks like can buy at pivot 1.3530-40ish

SaaR KaL  07:51:24 GMT - 09/18/2017  
1.3533 could be the lowest possible

SaaR KaL  07:47:37 GMT - 09/18/2017  
I bought around there just now Purk

Hillegom Purk  07:32:31 GMT - 09/18/2017  
lock on 13572 now. scaling out as well.

Hillegom Purk  07:19:10 GMT - 09/18/2017  
lock on 13582 now.

Hillegom Purk  06:48:07 GMT - 09/18/2017  
13527 cable. ish.

kl fs  06:10:01 GMT - 09/18/2017  
staircase formation is still intact, you are right, very bullish

bali sja  06:06:49 GMT - 09/18/2017  
great, get ready for more cable upside later after Carney

Mtl JP  05:48:07 GMT - 09/18/2017  
Mark Carney: Speech at the Camdessus Central Banking Lecture 2017 (16:00 BST), Washington DC.

Text to be released

Mtl JP  08:22:20 GMT - 09/14/2017  
trade plan:
to try to skin posi-pips off the upcoming BoE I prefer to ride the eurgbp puppy

Mtl JP  07:37:09 GMT - 09/14/2017  
next up:
14/09/17 11:00 AA GB Bank of England con: 0.50% pre: 0.50%

Mtl JP  07:33:05 GMT - 09/14/2017  
snb stays pat

Mtl JP  07:18:57 GMT - 09/14/2017  
from GV Forex Calendar
14/09/17 7:30 A CH SNB con: -0.75% pre: -0.75%
I am biased long

Mtl JP  09:11:42 GMT - 09/13/2017  
one dick waver yet to be monetized:

“We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.” “if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system.”

Israel Dil  19:28:29 GMT - 09/11/2017  
OMG this is not a parody script, it's reality

PAR 19:25:40 GMT - 09/11/2017  
Mnuchin , Cohn tax plan and don"t forget YELLEN s reappointment .

Mtl JP  19:06:55 GMT - 09/11/2017  
Ladies and Gents - prepare to chose your horse and place your bets

Mnuchin, Cohn head to Congress Tuesday for tax talks

Mtl JP  13:38:22 GMT - 09/04/2017  
The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea. - tweety, 9:14 AM - 3 Sep 2017

any country = also China.
stopping all trade: china exports approx $40billion / month to the US
two way trade = ~ $600 billion/yr

luckily for donald , he is just considering

Mtl JP  17:15:41 GMT - 09/02/2017  
Price-move Vulnerable Instruments :
- Gold - us t-note - usdyen
ps / so far I have not seen any hiss from china

Schedule of naval operations is set for the first time in effort to pressure Beijing over its maritime claims

U.S. to Challenge China With More Patrols in Disputed Waters - WSJ

Mtl JP  11:06:51 GMT - 08/31/2017  
and then there are


ECB unease over firmer euro risks slowing asset purchase exit: sources

Mtl JP  11:06:50 GMT - 08/31/2017  
and then there are


ECB unease over firmer euro risks slowing asset purchase exit: sources

dc CB  11:01:02 GMT - 08/31/2017  
Guess whch way the Euro goes.

Charts are SHEIT
Aren't you Hip to It

Is my Mouth Open
Or is it Closed

Mtl JP  10:57:51 GMT - 08/31/2017  
dc CB 10:37 ya but...
euro reacted inversely to the Frenchman''s mouthing than how it would had come out of a say japanese one

dc CB  10:37:11 GMT - 08/31/2017  
funny that in Oil and takes a physical occurance , like a Hurricane.
But in Currencies, all it takes is a MOUTH

Mtl JP  05:42:29 GMT - 08/31/2017  
what else could one expect from numbnuts abe at a joint press conference ? rofl

Speaking at a business forum before remarks by British Prime Minister Theresa May, who is on a three-day visit to Japan, Abe also said he had trust in the British economy after its departure from the EU and noted that Britain was a very important base for Japanese manufacturing.

Bali Sja  03:59:51 GMT - 08/31/2017  
Ok, in short usdcad 1.2645. Thank you market. Let's go down big!!! NFP bring it on!!!

dc CB  02:36:39 GMT - 08/31/2017  
tom'row is the End of the Month AND the Start of the Last Weekend of the US Summer.

If you've been watching the Gasoline market in the US, RBOB (yes RoyBob), which is expensive to trade - 1Cent move = $420, along with being a Thin market --- takes second place to NatGas aka the WidowMaker. This week, despite the FundyMentals, you could get really hosed or really rich if you Timed the Daily Swings.

As micro example for the larger MaRKiT. So Tom'row is take the money and run day. Fri, New Month, UnEmployment Rpt will end around 10AM NY Time. Save the Algos. which are always active.

See You on Irma---last big hit on the Eastern US seaboard was Sandy. Big time gap to fill. If not Irma then one of the bowling balls that is setting the African Coast .... the Beast is Birthing.

Bali Sja  00:39:07 GMT - 08/31/2017  
JP, i am trying short usd again after stopped out yesterday
This time short usdcad on approach to 1.2650-60. Got somr 4hourly MA resistance. Stop above 1.2720 will do for a target 1.24 again

Mtl JP  23:39:10 GMT - 08/30/2017  
I only wish! ... things would go beyond talk :

BOJ, ECB, and Fed jockey for position as a stronger currency might derail fragile recoveries

Currency war talk restarts after Jackson Hole

Mtl JP  15:31:29 GMT - 08/30/2017  
buffet guesses (on a bunch of things) - cnbc

Warren Buffett: This doesn't feel like a 3% GDP economy

Mtl JP  15:31:29 GMT - 08/30/2017  
buffet guesses (on a bunch of things) - cnbc

Warren Buffett: This doesn't feel like a 3% GDP economy

Israel Dil  13:07:40 GMT - 08/30/2017  
in reality's language: my dear friend president Putin agreed to handle the matter for me, at this moment I cannot disclose the sums and details involved in the transaction...

Mtl JP  13:03:46 GMT - 08/30/2017  
Donald the strategist , tactician and diplomat:

"The U.S. has been talking to North Korea, and paying them extortion money, for 25 years. Talking is not the answer!"


Mtl JP  10:14:02 GMT - 08/29/2017  
"omne trium perfectum" everything that comes in threes is perfect
1) - three arrows
2) - 3 risks for Americans from President Trump’s latest trade fight with China
3) - at a personal level: I can hardly wait:

-- "First, imposing tariffs on imports of Chinese goods and services would be the functional equivalent of a tax hike on American consumers. ... the costs of imported goods would undoubtedly rise sharply. ... higher import prices and potential spillover effects on underlying inflation would hit middle-class U.S. workers, who have faced more than three decades of real wage stagnation, especially hard."


-- "Second, trade actions against China could lead to higher U.S. interest rates. Foreigners currently own about 30% of all U.S. Treasury securities"


-- "Third, with growth in U.S. domestic demand still depressed, American companies need to rely more on external demand. .... ... ... As the reactive pathology of co-dependency would suggest, none of these countries can be expected to acquiesce to such measures without curtailing U.S. access to their markets”


From Opinion by Steven S Roach

Mtl JP  02:40:03 GMT - 08/27/2017  
Kuroda Vows to Maintain Very Accommodative Policy for Some Time


Amazing Trader john bland  21:18:21 GMT - 08/24/2017  
Jobs are all being commoditized. We all are going to be working for minimum wage in a couple of decades (or less!).

Mtl JP  21:00:20 GMT - 08/24/2017  
courtesy ZeroHedge:

"Here comes even more of that deflation the Fed hates so much."

Walmart Tumbles After Amazon Says It Will Cut Whole Foods Prices Monday

Sydney ACC  05:08:14 GMT - 08/22/2017  
Kelly calling the shots?

Mtl JP  04:35:37 GMT - 08/22/2017  
Pass The Ammo
Theres a storm on the horizon and
My adrenalines runnin wild
But I got my brothers standing next to me
So praise the lord and
Pass the ammo
Stars Stripes and Camo
Theres a price to be paid
To stay free .../..

A week after fiery comments, Trump calls for peace, end of bigotry
President calls for loyalty, love in prelude to Afghanistan speech

Livingston nh  02:46:46 GMT - 08/22/2017  
There must be a drawer in the Oval Office where they keep the "Slippery Slope" speech -- Same "not open ended" yak yak - This time it's different

dc CB  01:15:05 GMT - 08/22/2017  
Chile --- Stock Symbol SQM
Afgan- no listed company - Yet. (2010)
Hope and Change


dc CB  01:08:42 GMT - 08/22/2017  
as noted earlier: Box(ed) Lunch - pastrami on White(new data - the crust trimmed), mayo, with a side of lettuce and one slice of tomato.

Aug 21, 2017 6:45 PM

Tonight at 9:00 pm, Trump will address the nation, unveiling the administration's "New Path Forward" for America's engagement in Afghanistan and South Asia as discussed yesterday. While we will have a more thorough preview shortly, moments ago the key highlights of the upcoming speech were leaked online courtesy of Fox News' Jennifer Griffin, and are as follows:

The president has signed off on 4,000 more US troops to Afghanistan; not clear he will talk numbers tonight. No talk of withdrawal.
In speech tonight Pres Trump will ask "region to do more," will ask "India and Pakistan to do more to bring Taliban to negotiating table.
Trump strategy to include negotiating w/ Taliban. In past Qatar negotiations failed because Pres Obama announced troop withdrawals: US official


Mtl JP  00:56:44 GMT - 08/22/2017  
maybe some pipmaking / losing opportunity in 4 minutes

donald live

Mtl JP  22:57:17 GMT - 08/20/2017  
according to wsj

Mario Draghi Is Likely Lay Out End to Europe's Quantitative Easing
In return to Jackson Hole, ECB chief brings signs of progress on policies introduced there

Mtl JP  12:45:13 GMT - 08/19/2017  
The cretin collective of money printers from nihilo meets at Jackson Hole

sofar the ECB has been trying to make players think that mario - whatever bazooka it takes draghi - will not be making new policy statement(s).

The Risk
is that he will blab something new

Mtl JP  15:30:07 GMT - 08/17/2017  
at 13:00NYT Fed gang voting hawk member Kaplan yaks; w Q/A

Mtl JP  12:30:43 GMT - 08/16/2017  
one cretin not trusting many cretins :

Stanley calling efforts to loosen constraints on banks “dangerous and extremely short-sighted”.

Fed’s Fischer attacks moves to unwind regulations

dc CB  03:08:53 GMT - 08/15/2017  
BTC $ 4,426.32

Intel CEO Resigns From Trump Manufacturing Council Over "Divided Political Climate"

WTF Cares...Dude. We bought BTC at $10...You Are All OLD SCHOOL. it took you decades of hard WORK...WE just bought this fantasy 8 years ago and are now Billionaires.
TnX...your Millenial Offspring

nw kw  03:08:30 GMT - 08/15/2017  
eurjpy looks long sling shot in gold ranges, Mondays jpy shorts? usasgd ?

nw kw  01:36:51 GMT - 08/15/2017  
long euraud chart

dc CB  01:09:49 GMT - 08/15/2017  
Headling the card ToNte

The White Supremacist V Mr Moto

I raise you, 5 Nukes

dc CB  00:51:16 GMT - 08/15/2017  
Prof Wrestling aka WWF or current...(Trump) variation of TV Entertainment.

In professional wrestling parlance, a "work" is anything scripted (i.e. anything that's part of kayfabe), while a "shoot" is anything "real" (i.e. not scripted). Put them together and you have the worked shoot; something that is definitely part of the act, but attempts to trick the viewer into thinking (if only for a second) that it's real.

dc CB  00:44:18 GMT - 08/15/2017  
Dave Collum‏ @DavidBCollum - Prof of Organic Chemistry @ Cornell.

"If you cannot turn bearish when a rogue state is threatening a missile strike against US territory, when can you?"
--a colleague

dc CB  00:21:13 GMT - 08/15/2017  
Buy the BS NukeWar
dc CB 01:03 GMT 08/14/2017
Buy SToX
Sell Treas

dc CB  00:19:05 GMT - 08/15/2017  
SEOUL—North Korean leader Kim Jong Un has decided not to launch a threatened missile attack on Guam

LOL Kim SEZ: that was fun...made a ton trading against my threats....FU CFTC/SEC LOLOLOLOL
"My Mouth Is Bigger than Janet Yellen's" hahahahahahah AmeriKun Losers

Mtl JP  00:06:10 GMT - 08/15/2017  
Gold off about 10 bux

SEOUL—North Korean leader Kim Jong Un has decided not to launch a threatened missile attack on Guam, Pyongyang’s state media reported on Tuesday, but warned that he could change his mind “if the Yankees persist in their extremely dangerous reckless actions.”

North Korea Backs Off Guam Missile-Attack Threat
Kim Jong Un warns he could change his mind if the U.S. persists in ‘extremely dangerous reckless actions’

Mtl JP  22:32:45 GMT - 08/14/2017  
from speculative piece by GS via bbrg:

.."As such, the ’China policy put’ may be a bigger driver for offshore stocks than North Korea tensions, and the Federal Reserve, in the months ahead."...

caveat: may ≠ will

China's Party Congress Poses Threat to Assets as Reforms Loom

Mtl JP  20:13:44 GMT - 08/14/2017  
declaring it "one big move."

Trump signs measure on Chinese trade practices, says it's 'just the beginning'

Mtl JP  19:45:54 GMT - 08/14/2017  
Bring Gary "cretin" Cohn on !

...."At the start of 2015 there were three countries in the world that were willing to have a strong currency. The Swiss, the Chinese, and the U.S. The Swiss pulled the rip cord overnight. They just ripped it off and said, 'We are done. We are done having a strong currency. It is too expensive to defend this," - Dec 14, 2016

This turkey - a top advisor to trump - was #2 man at GS during the momentous shenanigans by the SNB trying to peg their franc.

by all evidence currency policy is very central to trump. Gary, endorsed by Dudley, should be one fine team.

How Donald Trump’s New Top Economic Adviser Views the World
Gary Cohn, the No. 2 executive at Goldman Sachs, has weighed in on monetary policy, China, inversions and other hot-button policy issues

dc CB  19:23:14 GMT - 08/14/2017  
Dudley: "I don't want to evaluate the various candidates for the Federal Reserve except to say that I think Gary is a reasonable candidate."

dc CB  18:56:47 GMT - 08/14/2017  
FYI in SToX, this is OPEX week. Put and Call shenanigans thru Thurs.

Lot's of FEAR (puts) sold last week, spurned on by Big Investors calling a Top, Gundlach bragging about loading SnP Puts expecting a 400% return...

Mtl JP  18:26:45 GMT - 08/14/2017  
Dudley on prospects of a rate hike:

DUDLEY: I think it depends on how the economic forecast evolves. If it evolves in line with my expectations, I would expect -- I would be in favor of doing another rate hike later this year.

Text of AP’s interview with NY Fed President William Dudley

Mtl JP  15:10:53 GMT - 08/11/2017  
So I am wondering .... is "If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so" just bluster or serious challenge to the American would-be meddler ?

Livingston nh  12:29:54 GMT - 08/11/2017  
JP - see poli forum

Mtl JP  12:08:17 GMT - 08/11/2017  
overnite rtrs (JP 0:56) reported that

"If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so."

Mtl JP  11:52:15 GMT - 08/11/2017  
Good morning NY !

Military solutions are now fully in place,locked and loaded,should North Korea act unwisely. Hopefully Kim Jong Un will find another path!

Mtl JP  02:56:07 GMT - 08/11/2017  
oh goodie good -- Lowe throwing down the gauntlet against currency players promising intervention in extreme situation.

Mtl JP  01:35:22 GMT - 08/11/2017  
hehe Lowe the genius cretin : "lower AUD would help get back to full employment more quickly"

Mtl JP  01:26:12 GMT - 08/11/2017  
audusd running into some support around 7850

Mtl JP  01:26:12 GMT - 08/11/2017  
audusd running into some support around 7850

Mtl JP  00:03:24 GMT - 08/11/2017  
RBA's Lowe sounding enthusiastic about economies..
claims next rate move uP - just not tomorrow or the day after that

yakking like a true politicized economist: optimistic with "on the other hand"

Mtl JP  21:45:54 GMT - 08/10/2017  
AUD 0.7872
in little over an hour RBA's Lowe testimoans
c if there are some posi-pips to be skinned

HK [email protected]  06:41:44 GMT - 08/10/2017  

Yet, for the time it is the most ultimate standoff, since Cuba missile crisis.

What is on the Americans minds is not clear.
If NK doesn't shoot first, the US may entice them to do so.

Belgrade Knez  06:27:29 GMT - 08/10/2017  
HK [email protected] 06:10 GMT 08/10/2017

One possibility is, that this planned bombardment of Guam waters, is a classical war deception.

Of course it is. With what they would go to war against US? Few missiles or maybe million soldiers who can probably swim to Guam?
Also, N. Korea not having Russia and China on their side shows they are all alone.

HK [email protected]  06:10:34 GMT - 08/10/2017  

One possibility is, that this planned bombardment of Guam waters, is a classical war deception.
Doesn't make too much sense to tell your enemies your war plans in such details.

Anyway such a threat should be taken as serious as it looks like.
Practically war preparations have already begun for all sides.

Prepare your soft drinks and snacks.

Sydney ACC  04:52:12 GMT - 08/10/2017  
The Guardian is carrying a report that North Korea plan to bombard the sea near Guam with missiles. A North Korean spokesperson claims a missile will take 1,065 seconds to hit a mark 30 kms to 40 kms from Guam. That's less than 18 minutes from launch to landing at the target.

An ICBM travels between 15,000 mph to 22,000 mph.

If that doesn't give you the bejesus I don't know what would.

Mtl JP  01:52:33 GMT - 08/10/2017  
Reminder - hope you paid attention - there is money to be made from scared public.
Brian Williams:

It’s ‘Our Job’ ‘To Scare People to Death’ on North Korea So Talk About Military Strikes Isn’t ‘As Free’

Mtl JP  13:15:34 GMT - 08/09/2017  
maybe but odds are it will continue to be in Gold / swissy
woosh here goes the usd uP

Livingston nh  13:11:44 GMT - 08/09/2017  
jp - this situation is very different than anything in our lifetimes - the President's decision will not be on twitter

Amazing Trader john bland  13:10:51 GMT - 08/09/2017  
fyi Trump has been very active today.

As for Guam, on a trip to Asia, Secretary Tillerson made an unscheduled special short stop in Guam. This was clearly to send a signal to North Korea that the u.S. would defend it.

Mtl JP  13:07:27 GMT - 08/09/2017  

...Hopefully we will never have to use this power, but there will never be a time that we are not the most powerful nation in the world!

just like janet's Jun 28, 2017 -"I Don't Believe We Will See Another Crisis In Our Lifetime" ?

Mtl JP  13:07:27 GMT - 08/09/2017  

...Hopefully we will never have to use this power, but there will never be a time that we are not the most powerful nation in the world!

just like janet's Jun 28, 2017 -"I Don't Believe We Will See Another Crisis In Our Lifetime" ?

Mtl JP  13:00:30 GMT - 08/09/2017  
u think trump + twitter quiet possible ?

Livingston nh  12:56:39 GMT - 08/09/2017  
JP- when it goes quiet and folks become unavailable for comment markets should begin to pay attention

Mtl JP  12:41:03 GMT - 08/09/2017  
cretin to cretin diplomatic communication 101
tillerson essplains:

"In response to that, North Korea's rhetoric is just ratcheted up, louder and louder and more threatening," Tillerson told reporters. "So I think the president, what the president is doing is sending a strong message to North Korea in language that Kim Jong Un would understand, because he doesn't seem to understand diplomatic language."

Mtl JP  23:49:20 GMT - 08/06/2017  
these would-be collusionists could cost / make $$$

via Reuters:

Officials from an OPEC and non-OPEC technical committee will meet in Abu Dhabi on Aug. 7-8 to discuss ways to boost compliance with their supply reduction agreement.

Mtl JP  16:25:51 GMT - 08/01/2017  
the gong show ... by experts
these two should come to perform at Montreal Laugh Festival:

Greenspan: Fischer do not worry so much about low interest rates... the low level of rates won’t last, and when they move they are likely to move “reasonably fast.” That should be the concern.

And as if Al telepathically read Stanleys Qtn Greenspan did not say exactly when bond yields would move higher, but said it was inevitable.

Want to trade on that Stanley ?
Man it is nice to know your salary paycheck is going to be there next Thursday no matter what

Greenspan sees (what Stanley does not)

Mtl JP  14:57:34 GMT - 07/31/2017  
for the record - alleged expert words from Stanley:

Fed's Fischer: Weak economy is keeping interest rates low
CNBC-1 hour ago

Fed's Fischer said political uncertainty holding back investment
Reuters-1 hour ago

Mtl JP  17:56:13 GMT - 07/26/2017  
MT4 - suggest closing all un-necessary windows to help with speed trade execution instructions

Mtl JP  17:56:13 GMT - 07/26/2017  
MT4 - suggest closing all un-necessary windows to help with speed trade execution instructions

Mtl JP  15:11:13 GMT - 07/26/2017  
nh what is the Mark Carney qtn ?

Livingston nh  12:49:26 GMT - 07/26/2017  
America's answer to Mark Carney

Mtl JP  12:48:01 GMT - 07/26/2017  
so no not hubris.
a top requirement qualification

Mtl JP  12:48:01 GMT - 07/26/2017  
so no not hubris.
a top requirement qualification

Mtl JP  12:46:25 GMT - 07/26/2017  
nh - ditto : Mtl JP 16:32 GMT October 14, 2016
john I argue(d) that one of the biggest scoring Qs in interviewing for FED position is not some wizardry w/math modeling but communication skills , ability to propagandize and to carry lies.

Mtl JP  12:46:25 GMT - 07/26/2017  
nh - ditto : Mtl JP 16:32 GMT October 14, 2016
john I argue(d) that one of the biggest scoring Qs in interviewing for FED position is not some wizardry w/math modeling but communication skills , ability to propagandize and to carry lies.

Livingston nh  12:42:31 GMT - 07/26/2017  
JP- As Yellen gets the Giuliani, Romney, Christie qualified nod of approval from President Trump I submit the following from the 50/50 candidate:

"I think all of us around this table, myself included, do tend to make a lot out of the communications challenges and what markets want and need, but these markets can be led, and they can be led ably to good places, so we ought not be intimidated by that prospect."

Ahh Leading market to a good place - how does that sound?? I'm in! --- Hubris?

Mtl JP  12:31:01 GMT - 07/26/2017  
before janet and her crew (a $2.5billion/yr chewing up outfit) grace us with yet another opportunity to +/- affect our accounts comes new homes sales release. Mind you perhaps not as breathlessly anticipated as the FED gang's spill of wisdom but worthy of attention at 10am NYT nevertheless

dc CB  12:45:49 GMT - 07/24/2017  
CD can crack 80 easy maybe 8050 if Oil plays the Numbers -- Magnet Under the Black.

dc CB  12:14:08 GMT - 07/24/2017  

2014 John Deere 8345R, 401 hours, IVT, ILS: $190,000

Like a College Education

dc CB  12:09:39 GMT - 07/24/2017  

1972 John Deere 3020 diesel, syncro, 58 hours on restoration: $17,500


dc CB  12:04:09 GMT - 07/24/2017  
expected 6% got

Ranchers placed 16.1 percent more cattle in U.S. feedlots last month than in June 2016, making it the most for the month in more than a decade, the U.S. Department of Agriculture reported on Friday.

Belgrade Knez  12:03:28 GMT - 07/24/2017  

london red

thank you for your answer, and yes, I realize 233 is fibo no. as soon as I posted my question, but in GV forum you can't delete or edit your post.

london red  11:52:18 GMT - 07/24/2017  
its part of a fibo sequence...1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and so on...
233 happens to fit well and worked. traders like whatever worked well...or whatever didnt work well, its the same thing for long/short trader.

Belgrade Knez  11:50:42 GMT - 07/24/2017  


Belgrade Knez  11:46:52 GMT - 07/24/2017  

london red

I understand reason of following MA with value: 50, 100, 200... fibo numbers, etc ..... but why 233 dma is the one to follow? anything special with that number please?

dc CB  11:39:09 GMT - 07/24/2017  
UBS Downgrades Goldman On Slump In Trading Revenues

yah, but Goldman Runs the WhiteHouse, the BOE, the ECB and soon the FED.

Genius UbbbbbbbbbbbS stutter much?

london red  11:32:46 GMT - 07/24/2017  
yen. todays low is bang on the 233dma. the last 2 occasions the mkt tested 233dma, there was no close below it and yielded a multi fig topside move. mkt is at imp point here. close below 233dma would be seen as something new, something bearish. u would be looking at 105-108 in such case.

perth wtr  11:28:00 GMT - 07/24/2017  
usdjpy's aim today is to stay below 111

dc CB  10:26:59 GMT - 07/24/2017  
OK Principal
sue me

dc CB  10:21:16 GMT - 07/24/2017  
sorry But That is a Crock

if You/Folks knew that their Principle would remain and that they could Spend the earnings (interest) on that principal ...The F*ckin' Economy wud be humm' along

THE FACT IS that if they Spend, they are Drawing DOWN the Principle...

To put in into a Traders Lingo...If the DrawDown Exceeds the Profit...YOU GO BROKE

Mtl JP  09:42:08 GMT - 07/24/2017  
CBankers have a vision of "inflation"
so does Walmart, Amazon, Costco et al

the chasm between the grasp of what makes folks want to spend is staggering

typically the only place and time when folks want to voluntarily spend more and bid prices up is at an auction

atypically when folks want to eagerly spend their money is in a time of rampant price-inflation (like in zimbabwe / venezuela / ...)

and then consider what will happen when don sends granny pakin': she ll go back to teaching ! spread the disease...

this means means only one thing: more trading opps
with and off the cretins

dc CB  09:35:51 GMT - 07/24/2017  
joining the pantheon of "who the f*k are they"

just a few who held power over lives - Once Upon a Time

Coming soon to YOUR Neigborhood

dc CB  09:25:04 GMT - 07/24/2017  
Hey Janet,
If you're Good, I let you stay on.
Woman to Woman

Maxine Maximus Maximmus

Maximus I

dc CB  08:36:54 GMT - 07/24/2017  
OUR GUYS couldn't have FREE MONEY to pissaway on anything that caught their eye.

Like that MUSK guy to Mars he sez

Bezos, yeh he has enought to do it on his own, but hey, let's "fund" a zero% that Whole Foods deal.

Lordy, it's almost 2pm ON THE 26TH OF Gentlemen, what is the Line that we thro out today?

And, again, you can't say F*CK THEM.

It's just not nice to rub it in their faces.

dc CB  08:29:33 GMT - 07/24/2017  
OOOOO the CONsumer is "tapped out gee. If the Consumer had an added $120K maybe, just maybe, the CONSUMER would buy Something>

OOOOO we need to get INFLATION HIGHER (Gammy Sez)
Then they will be FORCED to Spend those Dolla's

(prequil to the Weds Minutes) Just another line of Bull Sheit.

Maybe if THEY had $20K more every Year and CUD look Forward to another $20K next and each year thereafter...

No NO that is not possible. That WUD mean OUR GUYS couldn't have FREE MONEY to pissaway on anything that caught their eye.

END OF Discussion...GAMMY SEZ

dc CB  07:58:49 GMT - 07/24/2017  
I gotta go to work.
Ma, can you take care of this for me.

Sure Son

Put it in the bag

dc CB  07:49:28 GMT - 07/24/2017  
by my Back O The Envelope Calculation

My $400K savings SHUD have netted me 20K per year at a measly 5% rate of Once Upon A Time ---Bank Passbook --Rate. NO RISK Involved.

So Yeh...Times 6 Years ... AND not compounding 6 x 20 = 120K

So that being said. Pretty pricey Rip OFF. That NO one talks about.

OOOOO the CONsumer is "tapped out gee. If the Consumer had an added $120K maybe, just maybe, the CONSUMER would buy Something>

John Wesley Hardin IS a Friend to the Poor...he traveled with....

dc CB  07:36:49 GMT - 07/24/2017  
Ooops//but then again not so much an OOOOps

Maxine Maxine we be callin' on you

upport For Trump Impeachment Now Higher Than Nixon

dc CB  07:32:48 GMT - 07/24/2017  
He's Losing

Never thought it would be that easy

Mtl JP  06:59:53 GMT - 07/24/2017  
reminder: opec collusionists meeting today in russia

Mtl JP  06:59:53 GMT - 07/24/2017  
reminder: opec collusionists meeting today in russia

Mtl JP  06:36:50 GMT - 07/24/2017  
24 July 2017 Speech by Yves Mersch contains 12 "may"

Central banking in times of technological progress

Mtl JP  05:53:52 GMT - 07/24/2017  
From the International Monetary Fund (sunday release)
- cut its U.S. gross domestic product forecast for 2017 to 2.1% from a prior forecast of 2.3%, and its 2018 outlook to 2.1% from 2.5%.

- for U.K. growth was cut to 1.7% from 2.0% for 2017

- growth projections revised up for this year for Germany, France, Italy and Spain

srce: Table 1. Overview of the World Economic Outlook Projections

World Economic Outlook Update, July 2017

Mtl JP  05:53:52 GMT - 07/24/2017  
From the International Monetary Fund (sunday release)
- cut its U.S. gross domestic product forecast for 2017 to 2.1% from a prior forecast of 2.3%, and its 2018 outlook to 2.1% from 2.5%.

- for U.K. growth was cut to 1.7% from 2.0% for 2017

- growth projections revised up for this year for Germany, France, Italy and Spain

srce: Table 1. Overview of the World Economic Outlook Projections

World Economic Outlook Update, July 2017

Mtl JP  10:00:35 GMT - 07/19/2017  
for mario babbling about rate hikes will not be on the agenda (and not anytime soon)

mario's eurozone still needs and will continue to need a “very substantial degree of monetary accommodation”

keep in mind that the EB dirigistes under mario's leadership are not out do us any favours: they are afraid that plain talk (about exit signals) will yet again offer outsized profits to traders

Mtl JP  05:20:04 GMT - 07/19/2017  
oh how convenient: a cop out excuse for lack of "success" battling price deflation

Presented in WSJ By Megumi Fujikawa
Monetary Policy in Japan Has a New Problem: Amazon

Japan’s economy is expanding but inflation is still weak, partly thanks to price competition from e-commerce companies

Mtl JP  14:16:59 GMT - 12/23/2016  
more comedy from icahn

The most important thing from Carl Icahn's 40-minute CNBC interview

Mtl JP  14:05:50 GMT - 12/23/2016  
logical and rational no ?

Icahn: If you’re going to have a trade war with China, ‘get it over with’

Singapore SGFxTrader  13:24:32 GMT - 12/23/2016  
Thanks JP, your comments are much appreciated as always

Mtl JP  13:14:52 GMT - 12/23/2016  
for today? no real reason to get excited about usdyen either way
maybe buy some dips if seen

Singapore SGFxTrader  12:58:43 GMT - 12/23/2016  
JP, thanks for the note.

Any view on USDJPY?

Mtl JP  12:36:51 GMT - 12/23/2016  
never lose sight of CBs primary tools:
- fiat money
- market'a credibility in their bull$hit

Singapore SGFxTrader  12:01:25 GMT - 12/23/2016  
JP, what do they mean by having a better communication with the market?

Means they will drop more hints to the market or try to influence market movement with their press release or speech just like what Draghi and Yellen like to do?

Mtl JP  11:23:13 GMT - 12/23/2016  
Kuroda highlights a more communicative BOJ
Central bank dials back surprise tactics

The improved dialogue with the market fits with the BOJ's shift away from a more surprise-based approach.

Haifa ac  08:19:51 GMT - 12/23/2016  
"I find employing the Costanza method to trading an interesting exercise."

Easier said than done. When the Japanese invited George Soros to explain to them why they make so much money in production while losing on every investment they did (Hawaii, NY, Van Gogh....) he said:
In Production you have to do the things right. In Investment you have to do the Right Thing!"

If you think about this for a moment you realize that he told them to do the OPPOSITE of what they were doing. The trouble is that the OPPOSITE is NOT SO CLEAR!
He told them that they did not know how to SELECT the next trade.
To know the OPPOSITE-- you have to know what STRAIGHT IS-- and by being a loser you already belong to the class of those who DO NOT know the RIGHT thing.
Not so simple

Mtl JP  03:22:17 GMT - 12/23/2016  
CB 02:16 I still have those two SnP gaps I mentioned a few times sitting n gapping patiently

Mtl JP  03:19:01 GMT - 12/23/2016  
CB 02:08 I note that that method - counter major trend - often works on the eurdlr after about 5am and during about 7-11am in NYT session

dc CB  02:16:01 GMT - 12/23/2016  
while Mark-To- Market values of key asset holdings in pension portfolios have shifted violently, pensions have specific quotas to adhere to, which in this case means selling winners and buying losers to return to their mandated allocation percentages.

As a result, according to Lin's analysis, the “estimated rotation out of domestic U.S. equities would be one of the largest on record” with relatively large outperformance versus other asset classes both on a monthly and quarterly basis. Additionally, Lin estimates selling of $864 million in developed market international stocks.

While the exodus from US and International stocks would be substantial, the offset to this would be an aggressively buying of more than $6.3 billion in emerging market equities. Another offset would be the purchase of that "other" formerly beloved asset class: bonds, where pensions could end up buying approximately $22 billion.

There is more bad news: the Credit Suisse analysts believes the selling in U.S. equities could increase to nearly $58 billion (and bond buying to over $35 billion) should equity-bond relative performance continue to widen before year-end.

Assuming his analysis is correct, the question is how will this exaggerated selling take place in the five remaining trading days of 2016 during what is already extremely thin and illiquid tape, where most traders are now gone on holiday, and in which HFTs are just salivating at the thought of frontrunning major block orders: remember, HFT works both on the way up and, in some very rare occasions, on the way down

Pension Funds To Sell "Near Record" Amount Of Stocks In The Next Few Days

dc CB  02:08:59 GMT - 12/23/2016  
For those of you not familiar with George Costanza, his character on the sitcom Seinfeld could do no right when it came to employment, dating, and life in general. In one episode, George realizes over lunch at the diner with Jerry that if every instinct he has is wrong; then doing the opposite must be right. George then resolves to start doing the complete opposite of what he would do normally. He orders the opposite of his normal lunch, and he introduces himself to a beautiful woman that he normally would never have the nerve to talk to and says, "My name is George. I'm unemployed, and I live with my parents." To his surprise, she is impressed with his honesty and agrees to date him!

I find employing the Costanza method to trading an interesting exercise. Ask yourself; what are the trades that make complete sense and all your instincts say are right, and then do the opposite. Basically what you end up constructing is an out of consensus portfolio and we all know how consensus trades work out in this market.

Employing the Costanza method can identify interesting, non-consensus trade ideas that could kick in alpha.

Last year’s list of the top 10 Costanza trades produced 7 winners:

The "Costanza Trades" Of 2017

Mtl JP  23:27:40 GMT - 12/22/2016  

the privileged benefits of being on the In/side of the Circle:

Shares of Lockheed Martin Corp. (LMT, -2.00%) declined in the extended session Thursday while shares of Boeing Co. (BA, +0.70%) advanced following a tweet by President-elect Donald Trump about cost overruns for Lockheed's F-35 fighter. Lockheed shares fell 1.9% to $248 after hours, while Boeing shares rose 0.7% to $158.58. - marketwatch

Is twitter hackable ?

Donald J. TrumpVerified account ‏@realDonaldTrump Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!

Mtl JP  18:25:33 GMT - 12/22/2016  
Donald J. Trump ‏@realDonaldTrump 2h2 hours ago

Not being In the Circle, I am not sure which stocks/his cronies this tweet benefits.

The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes

Mtl JP  13:58:24 GMT - 12/21/2016  

Pakistani politicians want to ban large notes, say they can do it better than India

Mtl JP  01:50:34 GMT - 12/19/2016  
-U.S. Federal Reserve Chair Janet Yellen delivers keynote address at the University of Baltimore’s Midyear Commencement on the state of the job market.

In Baltimore at 13:30 EST.

Mtl JP  16:17:59 GMT - 12/15/2016  
poloz n wilkins


Mtl JP  15:41:30 GMT - 12/15/2016  
Poloz's gang will not be raising rates next week nor next month
usdcad = BoD

Financial System Review - December 2016

Mtl JP  15:12:31 GMT - 12/15/2016  
BOC Financial System Review at bottom of hour

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins. (11:15 (ET) approx.)
I ll be looking to BoD

Financial System Review - Press Conference (Webcasts) - December 2016

Mtl JP  17:55:03 GMT - 11/24/2016  
"all players should remain especially cautious and alert" according to Fritz

SNB's Zurbruegg says low interest rate risks manageable

Mtl JP  17:29:53 GMT - 11/24/2016  
usdcad around 1.35 sets the reaction bias to the oil cartel's spoutings

PAR 17:15:17 GMT - 11/24/2016  
Is Trump going to cut oil production . I dont think so . He said he is not going to import Saudi Oil . But he said so many things which change everyday .

Mtl JP  17:06:43 GMT - 11/24/2016  
choose your side

Azerbaijan signals OPEC wants big cuts from non-OPEC producers

Mtl JP  12:04:45 GMT - 11/14/2016  
maybe a new trade opportunity:

Monday, 14 Nov 2016 Board member:Mario Draghi Event:Participation by the President in a Memorial Event in honour of former President Ciampi "Ciampi a via XX Settembre" organised by the Ministry of Economy and Finance in Rome, Italy. Time:16:45 CET Venue:Ministero dell'Economia e delle Finanze Text:The text will be made available on the ECB's website. Notes:Upon invitation only! Last modified: 11 November 2016, 17:20 CET

Mtl JP  17:25:06 GMT - 11/07/2016  
French right calls for François Hollande's impeachment - Financial Times

Mtl JP  13:42:57 GMT - 11/06/2016  
a good time to prepare a trade plan to try to skin some posi-pips off the "election" process (currently odds favour the crooked one):
- off polls (open 5-6-7am?)
- off incoming headlines state polls (Fl around 7pm for ex., Nevada much later)

And then just before networks make the call that the crooked one should win:
buy _____ and sell ____
IF Trump should be declared winner: buy _____ and sell ____

dc CB  22:12:53 GMT - 10/28/2016  
Like I SAID.
Yes Like SHE said.

Get it...Press.

See that EXIT door.
Got a Parachute on your back?


goodnite and hang on for the weekend.

Pix from that rilly rilly rilly Bad NUZ day

Mtl JP  21:08:02 GMT - 10/28/2016  
The Federal Reserve is widely expected to leave rates on hold when it meets next week, but expectations favor a rate increase when policy makers convene again in December.

“Most investors with whom we speak already expect the Fed to hike in December. For the market-implied probability of a December hike to move closer to 100%, and policy-sensitive yields to move higher, risk events and economic data—both at home and abroad—need to pass without incident,” wrote analysts at Morgan Stanley, in a Friday note. “In addition, financial conditions need to remain loose.”

Mtl JP  22:54:56 GMT - 10/25/2016  
Here’s what Poloz said:

“At the present time, it is true that there is an excess of economic capacity. It is clear in the labour market and production. We’ve seen a number of symptoms of this. And the level of the gap is exerting downward pressure on the inflation rates. This is another process that will eventually be eliminated. We hope to eliminate this gap — it will probably take about two years. Around the middle of 2018, we expected this gap will be closed. And it is clear that the interest rates are encouraging growth. But other policies could have the same result, particularly fiscal policy. The two of them work together in order to close this particular gap in the coming 18 months.

“There’s nothing mechanical about it. Each of these decisions is a complex combination of risks. And we have to weigh the risks of waiting longer against what are the costs associated with doing something more immediate.

“We’re not far away … if we were to be easing further, we’d been very close to using unconventional tools. And so, that is of course, not a decision we would take lightly. And when we have the Canadian economy operating on two tracks — one track doing reasonably well, and the certain regions doing quite well, and others adjusting through something quite difficult, it’s not as easy as it sounds to speed up the fast growing parts to offset the slow growing parts. If everything was the same, it would be, in many ways, an easier decision to do that kind of thing.

“So, this is what I mean by the uncertainties. They’re multi-dimensional. We do a fresh adjustment every time and, again, we can’t plan it out that way, but our best plan right now, we think, is to wait for the next 18 months or so.”

Here’s what Poloz meant:

My statement concerning the need to wait 18 months was in reference to the time frame over which the output gap is expected to close, as noted in the bank’s October Monetary Policy Report. It was not intended as a reference to the bank’s monetary policy.

Mind the gap: The pitfalls of central-bank speak

Mtl JP  17:21:36 GMT - 09/26/2016  

link to roach

Mtl JP  17:20:40 GMT - 09/26/2016  
here is STEPHEN S. ROACH accusing "Central bankers desperately want the public to believe that they know what they are doing. Nothing could be further from the truth."

IF that "Central bankers desperately want the public to..." is true , that would be indeed a grave mistake by Central bankers. Obscurity and operations in the shadow and away from "the public" is in their self-preserving interest. Always was , always will.

Mtl JP  14:20:44 GMT - 09/23/2016  
Recession risk has grown because Fed didn’t hike, Rosengren says

pre-emptively blaming janet
thks brother for the comical relief

Mtl JP  14:08:26 GMT - 09/19/2016  
20 September 2016
OTTAWA – On Tuesday, 20 September 2016, Stephen S. Poloz, the Governor of the Bank of Canada, will speak before the Association des économistes québécois, the Cercle finance du Québec and CFA Québec.

Living with lower for longer

12:50 (Eastern Time)

Speech by Stephen S. Poloz, Governor of the Bank of Canada

Mtl JP  14:06:08 GMT - 09/16/2016  
not (yet) on the GV FOREX CALENDAR of potential trade catalysts:

I - or rather my robot - likes us/can yield spread digits to help set a prefered trading bias. Here is a fundy reason why any narrowing of the spread is likely to be supportive of usdcad BoD, credit to Stephen S. Poloz, Governor of the Bank of Canada (family member of the Cretins):

Living with lower for longer - Tuesday, 20 September 2016, Stephen S. Poloz, the Governor of the Bank of Canada, will speak before the Association des économistes québécois, the Cercle finance du Québec and CFA Québec. Topic Living with lower for longer - 12:50ET Sept 20

Mtl JP  11:54:39 GMT - 09/16/2016  
one of last of uncle Al's parting trade opportunity suggestions

If stagflation is in the future - "On the economic front, the U.S. is headed toward stagflation -- a combination of weak demand and elevated inflation, according to Greenspan." gold is the trade opportunity

It appreciated over 1000% in the stagflation of the 70s

Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.”

Bali Sja  12:13:43 GMT - 09/14/2016  
JP, you are the man for BoD usd strategy. Been following your usdcad. Agree with the Fed will keep usd with limited downside eventhough they dont hike. Power of CBers wordings.

Mtl JP  12:07:24 GMT - 09/14/2016  
odds are that the FED gang will
- not raise rates in september
- keep players bamboozled with hot/cold blather about december rate hike

Bottom Line
Keeping robot to BoD usd bias

Mtl JP  11:16:51 GMT - 09/14/2016  
"monetary policy in Canada remains quite stimulative"
“We have to adapt to the new reality of lower potential growth,” she said. “The faster we do this, the safer the financial system will be.”

Slow global growth poses risks for financial stability, says Senior Deputy Governor Wilkins

Mtl JP  21:12:23 GMT - 09/10/2016  
with only 60 or so days to go, a posi-pip-making consideration:

Here’s how the U.S. election might impact the currency market

dc CB  22:43:04 GMT - 09/07/2016  
ps that blonde in the white jacket/red blouse...That's Greenspan's Wife....Andrea Mitchell

dc CB  22:29:26 GMT - 09/07/2016  
Because this is the US version of the 4th Estate. The people who would have to push this issue.

Is This What America's "Objective Media" Looks Like?

dc CB  22:19:41 GMT - 09/07/2016  
the problem with that is, some legal authority has to step-up.

If everybody "at the top" is in the tank, why would they want to expose themselves. That is the genius of the Clintons...have something on everybody.

If you control the Watchdogs, then you get to be the next president and slide Safe into Home Plate, along with all concerned.

PS, I'm mean where did they get that Trump guy. He should be losing.

Chas Ortel on USA

Mtl JP  21:49:29 GMT - 09/07/2016  
dc CB is that a possible achilles heel that might see hillary's quest for president go down the toilet and be a tradeable in that "markets assume Hillary wins. With Trump more uncertainty... implying a trade opportunity if Hillary slips and.a Trump presidency gains traction." ?

dc CB  21:42:48 GMT - 09/07/2016  
In early May, we introduced readers to Charles Ortel, a Wall Street analyst who uncovered financial discrepancies at General Electric before its stock crashed in 2008, and whom the Sunday Times of London described as "one of the finest analysts of financial statements on the planet" in a 2009 story detailing the troubles at AIG.

Having moved on beyond simple corporate fraud, Ortel spent the past year and a half digging into something more relevant to the current US situation:"charities", and specifically the Clinton Foundation’s public records, federal and state-level tax filings, and donor disclosures.

"Clinton Foundation Is Charity Fraud Of Epic Proportions", Analyst Charges In Stunning Takedown

Mtl JP  19:35:25 GMT - 09/07/2016  
new potential Trade off the Cretins upcoming trade idea:

“Today, I’m here to talk to you about three crucial words that should be at the center, always, of our foreign policy,”
“Peace through strength.”
“As soon as I take office, I will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military,” Trump

Mtl JP  02:37:47 GMT - 08/23/2016  
prepare to load up:

Abe bets on 2020 Olympics to boost Japan’s economy

Mtl JP  12:23:57 GMT - 08/11/2016  

IMF analysts urge ECB to focus on QE rather than negative rates

Mtl JP  12:25:29 GMT - 07/17/2016  
some longer term (maybe) trade opportunities than others:

- "Janet Yellen Sounds Like A Fumbling Idiot No Matter What She Does" - zh

- Draghi to ask governments to chip in to counter Brexit fallout - RTRS

- Europe's eyes on Merkel to rebuild EU after Brexit vote - rtrs

Mtl JP  10:34:09 GMT - 07/15/2016  
Bank of England governor Mark Carney in Toronto to talk climate change

Carney has emphasized the importance of ensuring that the financial system is resilient so that it can adjust and finance the transition to a low-carbon economy efficiently.

Mtl JP  21:23:48 GMT - 06/06/2016  
ahead of RBA:

...China faces considerable challenges as it continues to rebalance its economy toward domestic demand and consumption. ... - yellen

Mtl JP  21:07:27 GMT - 06/06/2016  
time coming to focus on new trade opportunity, this time on
4:30 A AU Australia Reserve Bank con: 1.75%

aud sitting tight which is a good thing as it offers better odds to catch a reaction breakout either way

nw kw  05:00:30 GMT - 06/03/2016  
last month comment usajpy go's down but not fastly ap 100.00 target /// xaujpy still dropping rest flat. in net change gold pack 3 month av, gl.

GVI Trading Room john  18:14:35 GMT - 06/02/2016  
Good work if you can get it! Of course you have to be connected

Mtl JP  17:38:56 GMT - 06/02/2016  
john u r just sour grapes that u do not have a cushy job with a steady $10+k/week salary from which u can not be fired right or wrong lol

GVI Trading Room john  17:33:49 GMT - 06/02/2016  
Seriously these guys live in an echo chamber. The economy is at full-employment only if you believe their faulty statistics. The economy is at full-employment and it grows at only 0.7% in 1Q16. This makes no sense!

Luckily these guys are not engineers sending astronauts into space.

GVI Trading Room john  17:30:15 GMT - 06/02/2016  
-- Economy close to full employment
-- Fed should raise rates gradually
-- Cost for keeping rates thus low
-- 1Q growth disappointing

Mtl JP  16:38:04 GMT - 06/02/2016  
non-voter Kaplan yaks at top of hour
he is on record for wanting a rate hike in June or July
l8tr in aft yaks non-voting dove Evans

Mtl JP  09:02:08 GMT - 06/01/2016  
according to OECD Secretary-General Angel Gurría:
“Growth is flat in the advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis,” ... “Slower productivity growth and rising inequality pose further challenges. Comprehensive policy action is urgently needed to ensure that we get off this disappointing growth path and propel our economies to levels that will safeguard living standards for all,”
United States is projected to grow by 1.8% in 2016 and 2.2% in 2017.
The euro area will improve slowly, with growth of 1.6% in 2016 and 1.7% in 2017.
In Japan, growth is projected at 0.7% in 2016 and 0.4% in 2017.
The 34-country OECD area is projected to grow by 1.8% in 2016 and 2.1% in 2017

in China, growth is expected to continue to drift lower to 6.5% in 2016 and 6.2% in 2017, supported by demand stimulus.
India’s growth rates are expected to hover near 7.5% this year and next
The deep recessions in Russia and Brazil will persist, with Brazil expected to contract by 4.3% in 2016 and 1.7% in 2017.

OECD says

nw kw  13:30:29 GMT - 05/30/2016  
lot looking for 1400 gold end year or support long for September in works /

Mtl JP  12:48:34 GMT - 05/30/2016  
Gold circa 1200
pretending janet hikes rate:
after that Gold should be BoD

d u c it differently ?

Mtl JP  12:20:15 GMT - 05/30/2016  
more smoke signals painting yellen into a corner ?
Fed's Bullard says global markets seem well-prepared for summer rate hike - Reuters
"My sense is that markets are well-prepared for a possible rate increase globally, and that ...
That Rate Rise Is Coming: Fed's Bullard Says Everyone Seems Prepared - Forbes‎
Fed's Bullard: Markets 'well-prepared' for summer rate hike - Seeking Alpha‎
The So-What Bottom Line
current bias should favor BoD usd

kl shawn  05:31:08 GMT - 05/30/2016  

1195 today?

kl shawn 10:37 GMT May 25, 2016
Trade Off The Cretins Corner: Reply
gold is very very scared of the Fed it seems

Kl Shawn 16:52 GMT May 24, 2016
Gold: Reply
Mammamia gold is saying Fed will hike

kl shawn 08:05 GMT May 24, 2016
Tuesday Trading: Reply
kw, do you see gold heading to 1195?

nw kw  18:01:31 GMT - 05/25/2016  
aud/cad helps for flow.

nw kw  17:59:41 GMT - 05/25/2016  
cad moves lag aud, day or so, /// cad still get going usd is place to go.

Mtl JP  17:17:55 GMT - 05/25/2016  
usdcad may re-visit 1.3068
keep an eye to see if closes under but still think it is BoD
just need to be lithe and picki

Mtl JP  14:47:58 GMT - 05/25/2016  
put an sl+1 , x-fingers and wake me up if/when it hits 1.33

Mtl JP  14:39:32 GMT - 05/25/2016  
new long usdcad 1.3080

Mtl JP  14:05:28 GMT - 05/25/2016  
current usdcad saying to the Fed gang: bring 'em on those rate hikes.
waiting for return to and above 1.3080 to add long

Mtl JP  13:49:51 GMT - 05/25/2016  
cretin alert - top of hour
account risk "A" CA BOC Rates 0.50% 0.50%

nw kw  13:45:17 GMT - 05/25/2016  
pin head g7, chfjpy saved from free fall.

nw kw  13:42:39 GMT - 05/25/2016  
charts look risk in

nw kw  13:14:32 GMT - 05/25/2016  
Brexit poll bad timing with oil changes but gbpaud looks thin poss no sellers, cad had big swing from oil.

Mtl JP  12:58:47 GMT - 05/25/2016  
cretin alert: 9:00am
theme: talk is cheap (and will be plentiful today, as 2 more)

Mtl JP  10:56:10 GMT - 05/25/2016  
I need to correct the no Fed yakkers:
Harker, Kashkari, Kaplan in that time order

Mtl JP  10:42:08 GMT - 05/25/2016  
scared or bargain if Janet bitch-slaps her 2-3-4 hike peddlers back to reality
no Fed yakkers on the roster

kl shawn  10:37:18 GMT - 05/25/2016  
gold is very very scared of the Fed it seems

Mtl JP  10:32:12 GMT - 05/25/2016  
chose your trade
Yellen's gang
- raises rates,
- preps players for July hike
- kicks off hike into the future
it may be noteworthy that this weeks SnP climb is on some very low volumes - i.e low player comittement

HK HK  00:58:23 GMT - 05/23/2016  
Risk off start to the week, Nikkei down

Mtl JP  23:59:19 GMT - 05/22/2016  
there will be more of them this week:

Williams, Bullard, Harker

Kashkari, Kaplan, Harker

Bullard, Powell

Yellen & Bernanke together

Mtl JP  23:42:32 GMT - 05/22/2016  
"I think, yes, we have enough ammunition," Kuroda said, when asked whether the BOJ had sufficient monetary policy options, or "ammunition," left to achieve the target. "If necessary, we can further ease our monetary conditions in three dimensions. Quantitative, qualitative and interest rates." - via cnbc

Kuroda says he has monetary policy levers still to pull to hit inflation target

Mtl JP  22:49:18 GMT - 05/22/2016  
like lemmings they march out of their den and sing the same song:

“I want to be sensitive to how the data comes in, but I would say that most of the conditions that were laid out in the minutes, as of right now, seem to be . . . on the verge of broadly being met,” said Mr Rosengren

US close to passing test for June rate rise, Fed official says - cnbc 1 Hour Ago

nw kw  01:53:34 GMT - 05/19/2016  
exports of cargas toeur.

nw kw  01:50:14 GMT - 05/19/2016  
rigged for cliton./eur stabilizing?

Mtl JP  01:48:18 GMT - 05/19/2016  
IF the dollar gets a bit too enthusiastic too rapidly on the recent past cretins' smoke signals and the minutes Janet can use Brexit "threat" as excuse in her upcoming yikyak to try to tame it

Mtl JP  20:05:35 GMT - 05/15/2016  
Fed's Williams sees good outlook, 2-3 rate hikes this year

With the U.S. economic outlook "definitely looking good," the U.S. central bank is on the cusp of deciding whether to raise rates at any of its next few meetings, San Francisco Federal Reserve Bank President John Williams said on Friday.


Mtl JP  22:39:03 GMT - 05/13/2016  
re "Canadian G7 official
- forex will not be a dominant issue at upcoming G&"
good thing the Canadian G7 official was not named... else would be a public donkey's donkyhole as Jacob sees thing differently:

U.S. Treasury Secretary says G-7 nations need to reiterate commitments against exchange-rate devaluations

Jacob Lew warns of risk of currency battles hurting global economy

Mtl JP  17:30:40 GMT - 05/13/2016  
"Weak returns are the result of cyclical, not structural, factors"
a genius observation: "“People have now woken up and say they don’t want to pay 2-and-20 to underperform some index,” said billionaire hedge fund manager Leon Cooperman, founder of Omega Advisors...

duh ! I give you a million bux, and u charge me minimum 20 thousand to loose money for me and you whine about it ?!

Maybe I have news for you donkeyhole: for the past 15years I have all my friends and colleagues out of mutual funds trading with discount broker. costs $9 per trade and if the account looses money it does it so without your 2% fee.

What is so difficult to understand that charging 2% fee on a looser account is not justifiable by saying "because that is how we charge and that is how it is" .

I could like Roslyn Zhang, a managing director of China’s sovereign wealth fund blasted what she called a “herd mentality” among hedge-fund investors. Including the genouflecting incitement to "Do not Fight The FED" on this forum - which is still not as bad as what the red chinese communists stoop to as they try to protec their stocks bubble from imploding

Hedge funds blame the Fed for their poor performance

Mtl JP  11:41:59 GMT - 05/13/2016  
voter Rosengren: the likelihood of Fed rate hikes is higher than market pricing;
voter George: U.S. rates are too low for today’s economic conditions;
voter Mester: U.S. inflation has moved higher as oil prices and the USD stabilize;
voter Yellen: the Fed will adjust policy if outlook changes unexpectedly; added that she expects continued U.S. economic strength
read that again: continued U.S. economic strength

Mtl JP  09:50:01 GMT - 05/13/2016  
new trade suggestions to get try to get filthy rich
compliments of

IMF warns of pressure on U.K. economy if Brexit materializes

nw kw  10:46:38 GMT - 05/12/2016  
im to oil at this game to brag but for jp- he's going to get it .


nw kw  10:44:34 GMT - 05/12/2016  
jp- you see a trade plan, luts go man your slipping.

nw kw  10:43:11 GMT - 05/12/2016  
jp- ill run hands free gust to give it to you as you requested / not

nw kw  10:40:54 GMT - 05/12/2016  
jp- tks for supporting inpoted oil to run your suv. good luck seeing a return of your investment . jp- your the fish now.

nw kw  10:37:59 GMT - 05/12/2016  
jp- you have sods oil in your back yard and your PM. played to keep stinky out for MTL. is sodey lover, barn them out of cad.

nw kw  07:50:24 GMT - 05/12/2016  
chfjpy breakouts top side. gl.

Mtl JP  22:57:10 GMT - 05/11/2016  
I am wondering if "Trade With The Cretins Corner" would yield better trading ideas 'n results.

Yung, 29, holds a doctorate in economics from the University of Notre Dame and has authored multiple working papers on the subject of interest rates and their corresponding term structure. The research she conducts for the Dallas Fed is done independently of Fed policy makers and is intended to inform discussion among officers.

Fed Economist Says Stop Relying on Stocks for Recession Signals

Mtl JP  12:43:36 GMT - 05/11/2016  
achtung cretin on time proximity radar (at 1/4 to)
BoC pep. vov. Wilkins yaks follows Q&A

Mtl JP  11:33:13 GMT - 05/05/2016  

nw kw  19:54:44 GMT - 05/03/2016  
jpy report exporters funding flexible so interest rates are smoke screen for nuts and bolts of internal funding so id not take them to as set in stone as market internal deals are different than they like us to believe?

Mtl JP  19:32:25 GMT - 05/03/2016  
now that Poloz seems to have come to the learned conclusion that nega-rates do not work (I assume he means in a desired way, not that they do not work at all) here is a chart from BoA - "Bonds with yields below zero—a situation in which bondholders effectively pay borrowers to take their money—now account for 23% of the global fixed-income market, up from 13% at the beginning of the year" - that makes me think what would happen if the theme of negarates are good should reverse.

nw kw  19:31:22 GMT - 05/03/2016  
usacad at 1.35 is oil range id play for has old school trade with out cad' big exporter over seas struggling.

nw kw  19:12:49 GMT - 05/03/2016  
eurusa range end up tag 120, 115 support in summer.

nw kw  19:10:25 GMT - 05/03/2016  
eurusa was at 105 and jpy hade to forced to change, so if is 120.00 eurusa i'l understand?

nw kw  18:49:59 GMT - 05/03/2016  
gold pack has cad separated and staying on mission in market of rebalancing; for nfp kayos?

nw kw  18:43:39 GMT - 05/03/2016  
wind -was bank jpy at 105 but not defending, plan forecasted slow decent. some se implications of 105. usa/jpy for market in all terms?

Mtl JP  17:36:56 GMT - 05/03/2016  
even as he seems to claim to have learned the lesson about nega-rates that they do not work.

cretin... didnt have to wait 6+ months had he asked me

Mtl JP  17:26:58 GMT - 05/03/2016  
As much as I anticipated a potential A grade A effect so far players unimpressed with anything coming out of Poloz

Mtl JP  16:16:42 GMT - 05/03/2016  
Cretin Alert
It is unlikely that this cretin is going to agree that monetary policy is out of ammo.

Topic Monetary Policy: Out of Ammunition? Time 09:30 (Pacific Time), 12:30 (Eastern Time) Place Beverly Hilton 9876 Wilshire Boulevard Beverly Hills, Los Angeles, CA Lock-Up There will be no media lock-up for this event. Distribution The Governor’s remarks will not be published. Press Conference There will be no press conference for this event. Audience Q&A There will be no audience Q&A period. Webcast There will be no Bank of Canada webcast for this event.

Mtl JP  15:23:02 GMT - 05/03/2016  
I didnt read beyond the headline.

It gets BETTER:
AMELIA ISLAND, Fla. The United States could see two further interest rate rises this year but uncertainties abound including the impact on the U.S. economy should Britain vote to leave the European Union, Atlanta Fed President Dennis Lockhart said on Tuesday.
IF I understand English - 3 total in 2016.
Not sure if players understand English same way as I do,
see what Gold priceaction / dlrx says about it

Mtl JP  14:43:48 GMT - 05/03/2016  
Lockhart: Two rate hikes this year 'certainly possible', flags Brexit risk

Mtl JP  12:17:06 GMT - 05/03/2016  
nh note that chief BoC cretin yaks today 1/2 past noon
something on "policy"

Livingston nh  11:36:49 GMT - 05/03/2016  
jp - good heads up on that rate cut -- if you would mention same strategy to Poloz next time you see him it would be helpful, too

Mtl JP  05:22:58 GMT - 05/03/2016  
nh - feels good to profit, hope u r feeling the glow too

houston mw  17:41:33 GMT - 05/02/2016  
JM, the RBA was actually called out a few weeks ago by the Treasury for attempting to talk down the currency.

RBA's Stevens Rebuffs U.S. Treasury on Aussie Jawboning ...

Mtl JP  16:38:34 GMT - 05/02/2016  
JM 16:17 got to put coin in the slot and pull the handle if you want to hear the fat one sing.
numbnuts blathers and market moves all of 9 pips. haha
numbnuts will have to co-ordinate with other CBs and bring a serious mountain of fiat to downgrade his stupid yen.

What do you think he ll need to blow to see a minimum
700+ dump ?

NY JM  16:17:44 GMT - 05/02/2016  
The only thing you can count on is the RBA talking down its currency. Whether the AUD reacts is another story.

Livingston nh  15:44:47 GMT - 05/02/2016  
JP - I was just hoping for a "dovish" promise -- watch retails sales

Mtl JP  15:41:19 GMT - 05/02/2016  
Livingston nh u setting up for RBA ?
consensus says stays pat, gv risk to account category A
I am betting it cuts

dc CB  14:07:44 GMT - 05/02/2016  
but europe is closed...waste of breathe...

Mtl JP  14:01:40 GMT - 05/02/2016  

Addressing the causes of low interest rates Introductory speech by Mario Draghi, President of the ECB, at the Annual Meeting of the Asian Development Bank, Frankfurt am Main, 2 May 2016

Mtl JP  13:57:48 GMT - 05/02/2016  
Cretin Alert

Board member:Mario Draghi
Event:Keynote speech by the President in at seminar "The future of financial markets: A changing view of Asia" during 49th annual meeting of Asian Development Bank in Frankfurt, Germany.
Time:16:00 CET (Top of the hour)
Text:The text will be made available on the ECB's website

Mtl JP  08:20:54 GMT - 04/29/2016  
Cretin Alert:

"We too have resorted to unconventional methods and, as in the past, we will not shy away from using these methods if it is in the interests of the country as a whole,"

The franc is weaker than immediately after the cap was lifted but remains "significantly overvalued", Jordan

Swiss National Bank's Jordan says still room for policy manoeuvres

dc CB  16:57:05 GMT - 04/28/2016  
Andrew Ross Sorkin, financial columnist for The New York Times, founder and editor at large of DealBook and co-anchor of CNBC’s “Squawk Box.”

President Obama Weighs His Economic Legacy

Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory.


Mtl JP  16:52:04 GMT - 04/28/2016  
similar to the genuflecting call to "Do Not Fight the Fed" instead of showing the the Central Bankers for their incompetence and corruption William Watts - MarketWatch's deputy markets editor, claims that BoJ makes you feel sorry for impotent central bankers. Instead of calling for numbnuts crushing party , he is calling for

an international Hug-A-Central-Banker Day

Mtl JP  12:44:56 GMT - 04/26/2016  
according to Poloz

“The most important structural factor behind the slowdown in trade growth is that the big opportunities for increased international integration have been largely exploited.” Governor Poloz said. “China can join the WTO only once.” A new wave of exceptional growth in trade will require the creation of new integration opportunities, he said.

Mtl JP  12:39:06 GMT - 04/26/2016  
BoC Poloz' text of speech released in 2 minutes; yak in 15

Singapore SGFXTrader  14:16:51 GMT - 04/21/2016  
Correct answer seems to be 3.

Trade Off The Cretins Corner
Singapore SGFXTrader 11:10 GMT 04/21/2016
JP, what is your forecast for the Eurusd movement?

1. Dip first and then follow by more dips?
2. Dip first and then follow by a rise
3. Rise first and then follow by a dip
4. Rise first and then follow by more rise

Which one is your forecasted move?

Mtl JP  13:05:04 GMT - 04/21/2016  
cretin is on verge of achieving a new milestone:
breaking historical tradition of lower EUR post ECB announcement

london red  12:45:13 GMT - 04/21/2016  
draghi would not only do helicopter money but would stretch to giving everyone a helicopter to go with the money, but while black stuff firmer, rest of ecb will not let him loose. so yak is all he has.

Mtl JP  12:42:24 GMT - 04/21/2016  
cretin pulling a "ben" (not in my lifetime) about low/er interest rates

feeble attempt though as cretin probably needs to pull-out a additional new, improved bigger bazooka to get players on-side

Livingston nh  12:41:25 GMT - 04/21/2016  
Maybe today is Draghi's Yellen moment - watch how he looks whenever he tries to "explain" - grimly resolved that there is nothing more to do?

Mtl JP  12:24:11 GMT - 04/21/2016  
players already belly-aching and bending over in anticipation of mario's bloviation: "c'mon cretin .... try talking the EUR lower"...

Now... cretins can be unpredictable, sometimes to the point of being evil trying to draw satisfaction and pleasure from being vindictive to players.

That could happen if cretin says something un-expected by players, like some contra-comment about current policy stance or tactics.

Unless he says something earth-shattering, do not expect trading influnce residue to last more than 30 minutes after he evacuates the room.

Currently I am only considering gv's Pivot pricepoint, and only to the downside.

prague viktor  11:43:34 GMT - 04/21/2016  
number 2

Perth Wtr  11:39:51 GMT - 04/21/2016  
I think euro will go up. Do not short.

Mtl JP  11:37:33 GMT - 04/21/2016  
euro gv chartpoint:
Pivot 1.1326

Mtl JP  11:19:49 GMT - 04/21/2016  
I am happy to sit on my current short euro,
wait for the cretin to come under the spotlight to publicly spew his shameless but embarassing promises of what he will do if this or that happens or not.

I restrict my trading robot to "short" only in case there is a pricing nega-reaction to try to catch it.

Otherwise wait and lurk for new Trade off the Cretin opportunity should euro rally some while under 1.1450.

Singapore SGFXTrader  11:10:08 GMT - 04/21/2016  
JP, what is your forecast for the Eurusd movement?

1. Dip first and then follow by more dips?
2. Dip first and then follow by a rise
3. Rise first and then follow by a dip
4. Rise first and then follow by more rise

Which one is your forecasted move?

Mtl JP  10:59:55 GMT - 04/21/2016  
Less than One hour left to "Cretin Time" to shine
euro hovering around 1.131-ish

Draghi's ECB announces its rate decision at 11:45gmt (7:45 a.m. NYT)
Cretin Mario hold his "news" conference 8:30 a.m. NYT

Mtl JP  13:28:55 GMT - 04/17/2016  
To collect the benefit of cretins' negarate it took "a ruling announced on Monday, the Netherlands’ consumer financial products watchdog, Kifid, said it had sided with the unnamed holders of the variable interest rate mortgage, who brought the case, rather than with lender Achmea NV.

Writing in Business Spectator last week, commentator Alan Kohler warned that negative interest rate policies (NIRPs) were “beginning to look counter-productive”

from a link I followed from zh

Mortgage borrower to be paid by bank

Mtl JP  06:34:54 GMT - 04/15/2016  
Vive les cretins ! Vive les cretins !!
(full piece on POL for posterity)
Negative Rates Around the World: How One Danish Couple Gets Paid Interest on Their Mortgage - WSJ April 14, 2016 10:14 a.m. ET

AALBORG, Denmark— Hans Peter Christensen got some unusual news when he opened his most recent mortgage statement. His quarterly interest payment was negative 249 Danish kroner.

“My parents said I should frame it, to prove to coming generations that this ever happened,” said Mr. Christensen, a 35-year-old financial consultant, about his bank statement.

Negative Rates Around the World: How One Danish Couple Gets Paid Interest on Their Mortgage

Mtl JP  15:43:30 GMT - 04/07/2016  
Claimed earlier today Draghi:
...ECB adopted an accommodative monetary policy stance without precedent
(check) and

the ECB has and will continue to do whatever is needed to comply with its mandate.
(lets say it is so).

We have solid evidence that the monetary policy measures that we have taken since mid-2014 are being effective in delivering their intended impact.
(laying out some bullsh!t; crowd laughs)

.... .. ....

The improved funding conditions for both firms and households are supporting the current recovery, facilitating job creation and affecting the inflation outlook.
and so the euro, one and half hours after the cretin's self-accolading assertions, pops from 1.1330-ish to 1.1390-ish
stronger euro runs counter to his desire to screw savers by making imports more expensive (via that famous 2% inflation as stable prices propaganda line)

Introductory remarks by Mario Draghi, President of the ECB, at the Portuguese Council of State, Lisbon, 7 April 2016

Mtl JP  13:59:21 GMT - 04/07/2016  
Hoarding cash is potentially fraught with loosing it all.
There is chance that the Jan 1 1960 Franc Nouveau / Franc Ancien history will repeat itself. (whereby hundred old ones were exchanged for 1 new one and eventually the old ones were made illegal/worthless)

Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash

Mtl JP  11:17:12 GMT - 04/07/2016  
Negative Rates Lesson
Lot CB leadership and its gang of PhDs claim they are closely watching Negative Interest Rate (NIR) for beneficial effect.

Initial lesson from Japan appears to be that post-introduction of NIR yen strength runs un-abated against the stated objective of weakening it.

One could speculate on the reasons why that is, the full forensic report is not yet in but initial suspicion is probably that fear (in polite circles it is called expectations) of crashing profit margins at financial institutions trump expectation of positive effects of NIR in the larger economy. (that is if one accepts that trying to raise retail price - that famous 2% price-inflation goal of arresting deflationary phenomenon - is a good thing)

One could hypothesise that it is this fear that drives the plunge not only in bank stocks but in Nikkei as well as players turn risk averse.

Bottom Line
NIR in Japan fuels yen strength

Thanks to the collective of numbnuts (Abe, Asakawa and Kuroda) mis-judging player psychology of expectations and their reaction to NIR is making the yen currently a "safe asset".

Managing expectations and maintaining credibility.
THE absolute must requirement skills for all peddlers of fiat.

Manila Tom  13:20:36 GMT - 04/04/2016  
Looks like euro will stay above 1.10 for the reminder of this year

Livingston nh  12:53:26 GMT - 04/04/2016  
And again it's Spring in EU so the Greek debt issue is blooming (see IMF) but with a refugee import-export kicker -
s/t rates are popping higher - re: the debt issue ?"“It’s going to be an ongoing theme over the next few months,” said Orlando Green, a rates strategist at Credit Agricole SA’s corporate and investment-banking unit in London. “It shouldn’t really have an impact on the broader market. Any noise out of Greece will be localized.”


Mtl JP  12:47:21 GMT - 04/04/2016  
euro bias = down
out little earlier

ECB to Keep Up Forceful Action on Price Risks, Praet Says

dc CB  22:02:29 GMT - 04/03/2016  
Two Top Grifters sellin' it.

Mtl JP  21:59:43 GMT - 04/03/2016  
Yellen is due to take part in a discussion with former Fed Chair Ben Bernanke on Thursday - RTRS

Mtl JP  01:01:35 GMT - 03/29/2016  
a burst of verbal diarrhea shower coming this week:

Mtl JP  20:03:50 GMT - 03/20/2016  
Praet: ECB 'hasn't reached lower bound' on rates
Financial Times‎ - 2 days ago
Chief Executive Officer Nikolaus von Bomhard
Munich Re .. will store at least 10 million euros ($11 million) in two currencies so it won’t have to pay for the right to access the money at short notice, Chief Executive Officer Nikolaus von Bomhard said at a press conference in Munich on Wednesday. “We will also observe what others are doing to avoid paying negative interest rates,” he said.

“This may well become a mass phenomenon once interest rates are low enough -- the only question will be where that exact point is,” said Christoph Kaserer, a professor of finance at the Technische Universitaet in Munich. “For large institutions, that may be the case sooner rather than later. The ECB will react with countermeasures, such as limiting cash.”

Cash in Vaults Tested by Munich Re Amid ECB's Negative Rates

Mtl JP  23:20:41 GMT - 03/19/2016  
re nh 17:56 // would someone, pretty please, with access ask:

Increasing Negative Rate Environment Winners & Losers

Livingston nh  17:56:03 GMT - 03/19/2016  
fwiw -- risky business?


PAR 15:53:32 GMT - 03/19/2016  
Ideally, the ECB might hope that euro zone banks would take advantage of periods of market calm to strengthen their balance sheets. The problem is that the full extent of banks’ balance sheet weakness has never been objectively assessed. The ECB’s stress tests appear to have been designed to judge banks’ resilience to threats they had already addressed rather than those that might arise in future. The challenge might more easily be met if the banks were operating in a static environment. However, prolonged below-trend economic activity is likely resulting in progressive deterioration in the quality of the assets the banks are holding. Yet, even with the ECB as the single regulator of the euro zone’s larger lending institutions, there would be serious political difficulties in the central bank’s tackling systemic frailties in determined fashion. With the political structure of the EU under stress as never before, the odds are against the ECB defusing the bad debt bomb.

Mtl JP  14:01:07 GMT - 03/19/2016  
Extremely High un-intended Consequences Risk of

First safety boxes became popular in Japan in reaction to numbnuts' negarates

Here is an idea, one hopes, that must be crossing the minds of Kuroda's co-cretins:

IF ... banks start to run short of cash coz folks start to ask en masse for their electronic deposits in cash withdrawals ...

- Is it one, two ..___ more rate cuts deeper into nega-territory ?

The European Central Bank's negative interest rates are sparking demand for safe deposit boxes, where bank customers can store cash to avoid the prospect of paying the bank interest on their accounts, German bankers said.

"Lockboxes are in vogue,"
"Demand for customer deposit boxes is continuously growing,"

Negative ECB rates fuel demand for safe deposit boxes, German banks say

Mtl JP  10:49:11 GMT - 03/19/2016  
probably ...

“If we had not had those negative rates, we would be in a much worse place today, with inflation probably lower than where it is, with growth probably lower than where we have it,” Lagarde said. “It was a good thing to actually implement those negative rates under the current circumstances.”
Headline says "Have Helped"
The IMF cretin knows all too well that a negative can not be proven.

shameful reporting by John Boudreau, K Oanh Ha

IMF's Lagarde Says Negative Rates Have Helped Global Economy

Mtl JP  15:18:13 GMT - 03/18/2016  
so Rosengren's yak is a similar dud (D) to Dudley's
voter Bullard s next in 3.5hrs

Mtl JP  14:16:28 GMT - 03/18/2016  
Depends on who defines "well spent"
Mother Jones or
some Goldman Sachs graduate
If u r Mother Jones type you are on the wrong forum: : We produce forex trading ideas!

PAR 14:10:21 GMT - 03/18/2016  
And ends up in a Goldman Sachs account in NY , like all that Lybian money. HiHiHi.

HK [email protected]  14:06:38 GMT - 03/18/2016  

Simple math is useless.

In all those Arabic countries, all refugees money will be stolen!!! Hahahaha

PAR 14:06:35 GMT - 03/18/2016  
€ 6 billion can do a lot if ... well spent .

Mtl JP  14:03:07 GMT - 03/18/2016  
You are a rent-collecting banker

"A budget of $3,000 per refugee in Jordan would provide food, water, education and opportunity. In Germany this will cost $30,000."

You also like to see higher GDP

Do you send refugee to Jordan or to Germany ?

Syrian refugees will cost ten times more to care for in Europe than in neighboring countries

Mtl JP  13:12:31 GMT - 03/18/2016  
Dudley = 0 effect
grade: D
Rosengren in 2 hrs next

Mtl JP  12:56:39 GMT - 03/18/2016  
Dudley yaks at the top of the hour
he is a "go-along" voter

Mtl JP  12:23:22 GMT - 03/18/2016  
ECB’s Praet Says Further Rate Reduction Remains a Possibility - in wsj
Rate reduction remains in ‘armory’ in case of further negative shocks to outlook

Meet Peter Praet, chief economist at the European Central Bank

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