The deal is about Business. Ending the decades long "war" and untiting N and S Korea could very well result in a manufacturing powerhouse --- taking on communist China. That, i think is the offer on the table. It's not some convoluted "political crappola" that's been used for decades to keep the BigBad Nuke armed crazy dude as a chip for the Fear and Armament Industry.
we'll see. But I think the lure of the Money to be made, has made Kimmy Boy think that joining the Capitalists might be better that Ruling a prision camp nation.
Livingston nh 20:01:41 GMT - 06/01/2018
hmm - I see it a bit differently - China needs the US to stay in SK // if SK were to cozy up to NK while US stayed hostile to NK that would be a China Nightmare - SK could ask US to vacate, a Korean Unification would likely force Japan to openly create nuclear policy - a unified Korea on the border of China would not require China support // China no fan of this KIM if he pushes US -- China confirmed NK test site collapse w/ hopes US would say "why bother" meeting this guy NOW
Mtl JP 19:51:33 GMT - 06/01/2018
what is in for the US?
an elongated version of denuclearization of NK means the US gets a wink wink reason to be a thron in china's backyard a little longer
dc CB 19:38:52 GMT - 06/01/2018
the spread between Brent and WTI is $11
Livingston nh 19:37:25 GMT - 06/01/2018
jp - there is no "process" except between equals - what's in it for the US?
Mtl JP 19:34:01 GMT - 06/01/2018
nh 18:57 / re fool
note "start a process". It has to be that: a process. A long one.
To think that Kim is going to drive all his nukes onto some waiting american barges in a week or two long process so that they could be towed to Oak Ridge National Lab (ref cretin bolton) would be foolish.
PAR19:11:47 GMT - 06/01/2018
Today is all about Trump, Trump and Trump. Let him go play some golf .
Livingston nh 18:57:28 GMT - 06/01/2018
Anybody who believes THAT is a fool or worse
GVI18:53:38 GMT - 06/01/2018
Pres Trump: We will have the meeting with North Korea's Kim on June 12th in Singapore - North Korea wants to 'do denuclearization'- We're going to do a deal and we're going to start a process
- Source TradeTheNews.com
GVI Trader john 17:05:10 GMT - 06/01/2018
Baker Hughes Rig Count
Total: 1060 vs. 1059 (+1) prev.
Oil: 861 vs. 859 (+2) prev.
The MAY-JUNE employment stats are subject to Seasonal Adjustment w/ guesses based on employment take-up of new grads, school endings and Summer leisure/hospitality so a miss can be magnified in either month - the PLUG factor (never seasoned) for MAY is "always" significantly higher (200K aprx) than JUNE (120K aprx)
AHE need to be considered in conjunction w/ Personal Income, Empl Cost and Productivity estimates to be useful - not worth much on a stand alone basis even for Philips Curve adherents // REAL earnings stat et al (ex GDP) in govvie calculations don't use CORE but CPI straight up -- PCE is a derivative figure and the CORE PCE is only used by the FED, it has no place in any major financial instrument or calculation based on inflation
Mtl JP 12:05:01 GMT - 06/01/2018
Res 1 1.1766
Sup 1 1.1561
u all know the source..
london red 12:01:28 GMT - 06/01/2018
i suspect great numbers for government are solid nfp but no better than inline ahe as that means higher rates which is a no no for any administration. given we have fallen a bit on euro i think any softness on ahe certainly see us move back to 117. straddlers paid about 60 pips so while abv 11650 still no breakout. need to see under that 100hma. while hard to see topside break either with substantial res around 11750.
Mtl JP 11:59:44 GMT - 06/01/2018
brother Sja ... see my 10:07
that around 1,1710-ish not that it makes any diff to your account
maybe better to ask Jay if: Is it possible to trade forex with inside information?
Bali Sja 11:54:31 GMT - 06/01/2018
So are we following Trump or not? Singular enough JP? :))
Mtl JP 11:48:34 GMT - 06/01/2018
chiefs do not need to understand the nitty gritty
for that they have teams of advisers
chiefs only make the same difficult singular bottom line decisions as traders: in or out ?
london red 11:43:12 GMT - 06/01/2018
u can prob look to only the headline number on his tweet. i doubt he understands what the ahe mean.
March 2018 Pending Homes Sales softer than expected.
dc CB 13:58:02 GMT - 05/31/2018
reports that the Federal Reserve has designated Deutsche Bank U.S. operations to be "troubled condition" which the WSJ said was a rare censure for a major financial institution and is being reflected in its price this morning,
the Fed’s downgrade took place "secretly" about a year ago, and hasn’t been previously made public until today.
The “troubled condition” status—one of the lowest designations employed by the Fed—has influenced moves by the bank to reduce risk-taking in areas like trading and lending to customers.
U.S. COMMERCE SECRETARY ROSS SAYS EUROPEAN UNION, CANADA AND MEXICO WILL FACE STEEL AND ALUMINUM TARIFFS BEGINNING AT MIDNIGHT TONIGHT
an exclusive report by German magazine WirtschaftsWoche claims that President Trump is taking direct aim at Merkel and is preparing to impose a total ban on German luxury carmakers from the U.S. market.
GVI 18:59 Volcker rule
As I understand it Volcker rule is actually a law (§ 619 (12 U.S.C. § 1851) part of the Dodd–Frank Wall Street Reform and Consumer Protection Act)
What President Trump is doing is creating new rules to the law since he can not bring the law up for changes to it and adoption since he does not have the votes. So it is a bastardy way of pandering to w/s bankers screaming for letting them again at the ginormous amounts of profits from riski trading using OPM namely that of depositors' money on account with the banks.
Essentially what the new rules do is they take away obligation of compliance with rules and turn the burden around.
It may be good for the rapacious bank profiteering traders to make obscene bux but it is shamefully immoral towards ignorant bank depositors.
Fed governors and other banking regulators issue proposal to streamline Volcker rule
- Creates 3 categories for financial institutions based on their activity: less than $1B in trading assets, $1-10B, and greater than $10B, which would face the strictest rules
. - Trading desks reporting a daily net gain and loss for the past 90 days of under $25M would be presumed compliant with the prohibition on proprietary trading
- Fed Chair Powell: This proposed rule will tailor the Volcker rule's requirements by focusing the most comprehensive compliance regime on the firms that do the most trading. Firms that do more modest amounts of trading will face fewer requirements.
- Fed's Quarles: the revisions to Volcker ease requirements on hedging, market making, and reporting of trade data. Goal is to tailor the Volcker Rule base on our experience
- Fed's Brainard: Volcker Rule has turned out to be needlessly cumbersome
- Source TradeTheNews.com
GVI Trader john 18:02:00 GMT - 05/30/2018
U.S. Fed Beige Book
Price pressures have increased modestly
wage increases modest
growtjh outlook positive
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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