Mtl JP 00:06 GMT September 20, 2016
Tuesday Trading: Reply
odds are it heads higher
first trgt: 1.33
some of my best trades are those that I do not nurse by way of the 5-minute chart....
GVI Trading Room john bland 14:25:02 GMT - 09/20/2016
Current odds on Fed rate hike on Wednesday 12% (unchanged from late Monday). A rate hike would be an unexpected event for traders based on these market prices.
GVI Trading Room john bland 13:23:17 GMT - 09/20/2016
10-yr 1.582% -1.8bp
GVI Trading Room john bland 09:01:15 GMT - 09/20/2016
Markets continue to jockey for positions ahead of key central bank decisions by the BOJ and Fed decisions tomorrow. Today features Housing Starts and Permits from the U.S. for August. Housing is a key metric for the economy.
I am not sure about what to expect from the Bank of Japan. They seem to have a habit of over-promising and under-delivering. I expect they will announce another round of half-hearted monetary stimulus. Expect JPY volatility after the BOJ decision is announced, depending on the outcome.
As for the Federal Reserve. Recently, they have turned the policy reins over to the marketplace, most notably the Fed Funds futures market. Fed Funds futures have placed very low odds on a rate hike thus week, so it might be best to follow their lead. As for future policy, all we can do is wait to see what the markets dictate to Chair Yellen what she will decide at that time. I am expecting EURUSD to weaken after the Fed, as their policy statement will likely take a hawkish tone.
Overconfidence can be dangerous in tournaments like this one, the Canadian head coach said. Babcock wants his team living "scared" instead, ready to combat a potentially irritable U.S. squad on Tuesday night.
soft jpy //cad softest I'm on cadjpy for eurcad up trend?
Mtl JP 00:14:22 GMT - 09/20/2016
maybe odds of hike are priced low
but Diamon ordered them raised
Jamies knows there is a fed-induced financial bubble that needs some letting out
Mtl JP 00:06:29 GMT - 09/20/2016
odds are it heads higher
first trgt: 1.33
GVI Trading Room john bland 21:02:09 GMT - 09/19/2016
Markets put in their typical cautious session on Monday. This week their focus is on the BOJ and Fed decisions due Wednesday. Tuesday features Housing Starts and Permits from the U.S. for August. Housing is a key metric for the economy.
Germany's CDU ruling party, Angela Merkel's CDU suffered big losses in Regional elections in Berlin over the weekend, due to the unpopularity of her immigration policies. Next year sees national elections.
This week features key central bank decisions by the Bank of Japan and U.S. Federal Reserve on Wednesday. I am not sure about what to expect from the Bank of Japan. They seem to have a habit of over-promising and under-delivering. I expect they will announce another round of half-hearted monetary stimulus. Expect JPY volatilty after the BOJ decision is announced, depending on the outcome.
As for the Fderal Reserve. Recently, they have turned the policy reins over to the marketplace, most notably the Fed Funds futures market. Fed Funds futures have placed very low odds on a rate hike thus week, so it might be best to follow their lead. As for future policy, all we can do is wait to see what the markets dictate to Chair Yellen what she will decide at that time. I am expecting EURUSD to weaken after the Fed, as their policy statement will likely take a hawkish tone.
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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