John's earlier comment about Global Headwinds was the correct call for the new standard for Yellen et al - IMF scare scenario uses Global Headwinds as a basis for its "concern"
Yellen speech threw out the "dual mandate" and replaced it with the ultimate marshmallow, "Global Headwinds", as an excuse to do nothing
Mtl JP 13:02:55 GMT - 04/14/2016
tx NH / similar to sell bias against the red line in this chart
Livingston nh 12:55:01 GMT - 04/14/2016
JP - sell AUD/USD for a test of 21 dma @76
Mtl JP 12:53:20 GMT - 04/14/2016
Lockhart is not yet a certified cretin, just a clown trying to be one
his babble is not registering even a 10 pip player reaction
Mtl JP 12:46:49 GMT - 04/14/2016
und so the "so what.... is trade" off "keeps pressure on YELLEN to keep rates low" : sell euro 1.13/1.1330 ?
GVI Forex Jay Meisler 12:44:03 GMT - 04/14/2016
Dollar slipping on dovish Fedspeak
08:35 (US) Fed's Lockhart (moderate, non-voter): will not advocate for a rate hike in April; has changed view that April move made sense - radio interview
- inflation is lagging behind Fed's target; Fed has more work to do
- reiterates that a patient approach to policy makes sense- softer consumption and investment gives pause; consumer spending does cast some doubt on forecasts- sees 2016 GDP growth between +2-2.5%
** Reminder: 04/11 (US) Fed's Kaplan (moderate, non-voter): data does not support a rate move right now; won't have enough info for a move by April, but open minded about a hike in June
- Source TradeTheNews.com
GVI Forex john bland 12:36:57 GMT - 04/14/2016
CPI keeps pressure on Fed to keep rates low. Weekly Jobless exceptionally low.
-- Economic activity expanded in most districts
-- Most reported modest growth
-- expectations for future mfg expansion mixed
-- Residential real estate strengthened
- prices increased modestly in most districts
This week we have a new entrant in the GDP NOW to tell us where we stand (more generally useless info) - the NY Fed is adding its own version to Atlanta Fed and other private economists EXPERT expectations
It all depends how you look at it: Beating lowered expectations of analysts(less worse than expected), or real drop in profits.
JPMorgan profit hurt by drop in investment banking revenue
JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.
However, both earnings per share and revenue beat analysts' lowered expectations.
The bank's net income fell to $5.52 billion in the first quarter ended March 31, from $5.91 billion a year earlier. On a per-share basis, earnings fell to $1.35 from $1.45.
Analysts had expected earnings of $1.26 per share, according to Thomson Reuters
STOX likely burned up the Lunchtime rally on news of the same old bag of beans - higher oil price will save the world ?? - $50 by end of 2016 is a goal? it would still need another 20% just to get back to last April price
Same old stories from same old sources (Fed, ECB, IMF, OPEC) -- Tape Bombs trump fundies and techs
GVI Forex john bland 15:04:59 GMT - 04/12/2016
-- not a lot of slack left in Labor force
-- OK for Fed to overshoot 2% target
-- still possible tfoe three rate hikes this year
GVI Forex14:33:09 GMT - 04/12/2016
Oil spikes higher on this
10:30 (SA) Saudi Arabia and Russia reportedly have reached consensus on oil freeze - Russia press
- final decision on Saudi Arabia regarding oil output freeze said to not depend on Iran
** NOTE: 04/12 (RU) Russia Energy Min Novak: Oil prices could be between $40-45/barrel in H2 and at $50 by end-2016
- Sees oil market rebalancing in early 2017 if production freeze is agreed upon; prices could hit $60-65/barrel in 2017
- Optimistic about production freeze talks at the Apr 17th Doha meeting
- Source TradeTheNews.com
GVI Forex john bland 14:32:34 GMT - 04/12/2016
Report: Russia and Saudi Arabia reach agreement on oil production freeze.
Final decision will not depend on Iran
GVI Forex Jay Meisler 13:56:01 GMT - 04/12/2016
09:54 (UK) Latest Brexit poll: 42% for staying in EU; 45% for leaving; 12% undecided - ICM poll
- Source TradeTheNews.com
UK JY 13:52:15 GMT - 04/12/2016
I am surprised no one mentioned this for why the jpy sold off
Finance Minister Taro Aso said on Tuesday that Japan could act against the yen's rise as needed, based on a G20 agreement backing currency stability, if "one-sided" and "speculative" moves were observed in the currency market. (reuters)
Livingston nh 13:23:28 GMT - 04/12/2016
xperts -so 3months after the last Gloomy projection IMF says "whoops, it's worse" -- But the Weatherman who always "cold and rainy" is most popular because all of his mistakes are "sunny and warm"
And we have another mass gathering of these types this weekend -- well fed they are
GVI Forex Jay Meisler 13:07:23 GMT - 04/12/2016
*IMF UPDATES ITS WORLD ECONOMIC OUTLOOK (WEO)
- Cuts 2016 global growth forecast from 3.4% to 3.2%
- Cuts 2017 global growth forecast from 3.6% to 3.5%
2016 Growth Outlook
- Cuts Advanced Economies 2016 GDP from 2.1% to 1.9%
- Cuts EM and Developing Economies 2016 GDP from 4.53% to 4.1%
- Cuts Euro zone 2016 GDP from 1.7% to 1.5%
- Cuts US 2016 GDP from 2.6% to 2.4%
- Cuts German 2016 GDP growth from 1.7% to 1.5%- Cuts France 2016 GDP growth from 1.3% to 1.1%
- Cuts UK 2016 GDP growth from 2.2% to 1.9%
- Cuts Japan 2016 GDP growth from 1.0% to 0.5%
- Raises China 2016 GDP from 6.3% to 6.5%- Cuts Russia 2016 GDP from -1.0% to -1.8%
2017 Growth Outlook- XXX Advanced Economies 2017 GDP from 2.1% to %
- XXX EM and Developing Economies 2017 GDP from 4.7% to %
- XXX Euro zone 2017 GDP from 1.7% to %- XXX US 2017 GDP from 2.6% to %
- XXX German 2017 GDP from 1.7% to %- XXX France 2017 GDP from 1.5% to %
- XXX UK 2017 GDP growth from 2.2% to %
- XXX Japan 2017 GDP growth from 0.3% to %
- XXX China 2017 GDP growth from 6.0% to %- XXX Russia 2017 GDP from 1.0% to %
- Source TradeTheNews.com
GVI Forex Jay Meisler 12:50:10 GMT - 04/12/2016
08:40 Preview: IMF to update its World Economic Outlook (WEO) after 09:00 ET (13:00 GMT) Prior WEO (released on Jan 19th 2016) IMF cut both 2016 and 2017 global growth forecasts
Goldman Sachs would pay $5.1 billion to settle accusations of wrongdoing before the financial crisis. However, buried in the fine print are provisions that allow Goldman to pay hundreds of millions of dollars less - perhaps as much as $1 billion less - than that headline figure.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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