in the meantime BTC still struggling to close
the GAP
Mtl JP 17:15:12 GMT - 02/01/2018
Long run When we are all dead
srce.: The Economist
GVI17:15:02 GMT - 02/01/2018
below ECB's Nowotny (hawk)
GVI Trader Jay Meisler 17:04:21 GMT - 02/01/2018
EURUSD pops on this:
- Halting asset purchase program will bring a rise to long-term interest rates
- ECB will decide on the future of the asset purchase program by Sept
- Source TradeTheNews.com
Mtl JP 16:56:39 GMT - 02/01/2018
john 16:12 just a routine maintenance by the cretins to appear folksy friendly and mislead you into giving them your trust as they try to peddle their warm n fuzzy feeling.
Reminder of whose poisonous heart is behind the sugared lipstick:
Mtl JP 12:41 GMT January 29, 2018
How You Can Trade With Inside Information: Reply
Maintaining price stability with unconventional monetary policy
Speech by Peter Praet, Member of the Executive Board of the ECB, at the Council of the European Union, Brussels, 29 January 2018
... "we have expressed our intention to continue with our chosen pace of monthly purchases until we see “a sustained adjustment in the path of inflation consistent with our inflation aim”
Our assessment will be based on three criteria for the inflation outlook: convergence, confidence and resilience." ...
PAR16:27:14 GMT - 02/01/2018
European interest rates are just too surrealistic low and Draghi s is no longer mentally fit to run the ECB .
Mtl JP 16:23:32 GMT - 02/01/2018
ECB officials are obviously anti USA ZEUS 15:18 GMT May 27, 2010
EUR/USD Day: Reply
It is crazy volatility which is great for traders. Blast up, blast down, blast all around. Trading is a blast!
Mtl JP 16:13:51 GMT - 02/01/2018
and nh wants a pony
GVI16:12:49 GMT - 02/01/2018
ECB officials reportedly would like clearer interest rate guidance on concerns that vague language will increase market volatility - press
China, Japan, Switzerland PMIs January 2018
Japan:
54.8 vs. 54.4 exp. vs. 54.4 prev.
Switzerland
65.3 vs. n/a vs. 65.2 prev.
China:
Caixin- 51.3 vs. 51.3 exp vs. 51.5 prev.
GVI Trader john 22:12:56 GMT - 01/31/2018
Australia: Mfg PMI
55.4 vs. n/a exp. vs. 57.1 prev.
Australian December 2017 PMI weakens.
Mtl JP 19:26:23 GMT - 01/31/2018
all those words in janet gang's drivel summed up by Mark DeCambre (marketwatch) as "tepidly hawkish stance"
Israel Dil 19:26:02 GMT - 01/31/2018
in trader's dictionary the fed statement comes as BUY BUY BUY commodities
Dil
GVI Trader john 19:11:36 GMT - 01/31/2018
Federal Reserve issues FOMC statement
For release at 2:00 p.m. EST
Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Gains in employment, household spending, and business fixed investment have been solid, and the unemployment rate has stayed low. On a 12-month basis, both overall inflation and inflation for items other than food and energy have continued to run below 2 percent. Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with further gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will remain strong. Inflation on a 12‑month basis is expected to move up this year and to stabilize around the Committee's 2 percent objective over the medium term. Near-term risks to the economic outlook appear roughly balanced, but the Committee is monitoring inflation developments closely.
In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/4 to 1‑1/2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
Voting for the FOMC monetary policy action were Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Loretta J. Mester; Jerome H. Powell; Randal K. Quarles; and John C. Williams.
london red 19:09:59 GMT - 01/31/2018
hourly cloud base 12396 and prev low 12384 prob sheltering stops. hourly tenkan 12439 caps upside, topside pivot.
london red 19:05:20 GMT - 01/31/2018
printing below 124 prob exposed 12350 zone. 12291-12301-12306-12324 key lvls on downside. monthly bar gets made today so close key. bulls want 200 month ma.
GVI Trader john 19:00:21 GMT - 01/31/2018
U.S. Fed Policy Decision January 31, 2018
NEWS ALERT
Fed Funds Target Range steady at 1.25-1.50%
CNN
"There was (what) looks like a tractor trailer carrying trash that was hit by the train," Faso, who said he was in the third car of the train, told CNN.
"I think everyone on the train is OK," Faso said. "I don't know that for sure, it's a long train. But most of the concern is for the people outside."
Republican members of Congress were on their way for a retreat at The Greenbrier in White Sulphur Springs, West Virginia, starting Wednesday and ending Friday. Vice President Mike Pence, who was not on the train, is scheduled to speak to members later Wednesday and President Donald Trump is scheduled to address the event tomorrow.
NEWS ALERT
Crude Oil: +6.800 vs. +1.100 exp vs. -1.100 prev.
Distillates: -1.900 vs. -1.500 exp vs. +0.600 prev.
Gasoline: -2.000 vs. +1.200 exp vs. +3.100 prev.
therefore, let's load some gold around $1335 for some dollars
Dil
austin mw 16:56:51 GMT - 01/30/2018
JP- look who appointed the DONKEY, another from the Ivy League, the Genius Donkey. Both should provide transcripts to the press
Mtl JP 16:54:04 GMT - 01/30/2018
mnuchin (Yale 1985, graduate of what?) is a donkey. odds r high he is parroting what he s been told.
Medium term
Somewhere between SHORT-TERMISM, which is bad, and the LONG RUN, lies the hallowed ground of the medium term – far enough away to discourage myopic behaviour by decision makers but close enough to be meaningful. But not many governments say exactly how long they think the medium term is.
Long run
When we are all dead, according to KEYNES. Unimpressed by the thrust of CLASSICAL ECONOMICS, which said that economies have a long-run tendency to settle in EQUILIBRIUM at FULL EMPLOYMENT, he wanted economists to try to explain why in the short run economies are so often in DISEQUILIBRIUM, or in equilibrium at high levels of UNEMPLOYMENT.
srce.:
BOE Gov Carney: UK economy's outperformance versus BOE's Aug outlook is because of a stronger world economy and looser fiscal stance than expected - Wages have picked up in the UK but they're not growing spectacularly - UK business investment is not up as much as it should be given world growth; UK investment is 4 percentage points below where it should be - BOE got the broad economic channels correct on the impact of Brexit on UK economy- Central bank doesn't have a bias with regard to Brexit - Source TradeTheNews.com
Mtl JP 15:50:05 GMT - 01/30/2018
Does Knot trump Praet's three criteria of convergence, confidence and resilience ... ref 12:41 GMT January 29 ?
Livingston nh 15:44:46 GMT - 01/30/2018
The ECB hawks keep talking like the Fed "hawks" under Yellen -- it's a "so what, who cares" situation - Draghi will not likely see his inflation target (single mandate) in September so ECB will extend again // negative rates will survive after Draghi term ends
GVI15:36:50 GMT - 01/30/2018
ECB's Knot (Netherlands): it's reasonable to end QE in a short taper after Sept - Euro Area price stability is not at risk - Source TradeTheNews.com
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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