11:48 (CN) China Pres Xi reportedly told various CEOs last week that Beijing plans to strike back against punitive American tariffs; says "In our culture we punch back" - press
- Xi has also told senior officials recently to promote China’s global role in order to supplant U.S.'s position
12:17 (CA) Canada govt reportedly readying steel quotas and tariffs on China and other countries - press
- Source TradeTheNews.com
Mtl JP 16:43:30 GMT - 06/26/2018
ya... reportedly... said the people, asking not to be identified because the matter isn’t public. Isn't public. Got that ? as long as China is not aware lol
-
earlier President Trump publicly asked "Justin, what's your problem, Justin?"
justin "pretty hair and socks" is still trying to figure it out, 15hrs + later
Mtl JP 16:48:25 GMT - 06/26/2018
one problem for justin "likes selfies" trudeau is that as he is trying to procreate china with steel tariff he is the owner (with help of my money) of an unfinished pipeline thru which he thinks he ll be selling alberta's finest crap to china.
in the meantime poloz is scheduled to deliver a yak tomorrow, last chance he ll have ahead of july rate set
GVI Trader john 12:31:09 GMT - 06/27/2018
Durable Goods Orders May 2018
NEWS ALERT
Headline: -0.60% vs. -1.00% exp. vs. -1.60% (r -1.00%)prev.
Ex-Trans: -0.30% vs. +0.50% exp. vs. +0.90% prev (r +1.90%).
NEWS ALERT
Crude Oil: -9.900 vs. -2.500 exp vs. -5.900 prev.
Distillates: +0.020 vs. +0.600 exp vs. +2.700 prev.
Gasoline: +1.200 vs. +1.200 exp vs. +3.300 prev.
11:05 (US) White House Economic Adviser Kudlow: President Trump is not retreating on China - TV interview
- Source TradeTheNews.com
Mtl JP 15:08:58 GMT - 06/27/2018
hehe kudlow back from his heart-attack ?
tuff bird
GVI20:06:53 GMT - 06/27/2018
Bank of Canada's (BOC) Poloz: May shift in language represented increased confidence that the economy was performing as we expected and that higher interest rates will be warranted
- Financial markets understood our message from May
- As we approach our next interest rate decision, we are working to incorporate in our projections the effects of the recently announced US steel and aluminum tariffs, along with retaliatory measures, both in Canada and globally
- Uncertain how sensitive the economy is to higher rates given household debt accumulation
- Bank is particularly data-dependent right now. Providing routine forward guidance in such a setting would not, in my view, enhance our credibility. Rather, it would put it at risk. Q&A: trade risk is the biggest we face and it's one thing that keeps us up at night
- Economy is operating close to its potential
- Uncertainty around NAFTA is coming at a critical moment in business cycle, when consumer/business investment should swap out
- This is why CAD is a bit soft; it's a symptom of that sort of investment sentiment and trade uncertainty
- Better debt quality is lessening vulnerabilities
09:30 (UK) BOE’s Haldane: Would have voted to raise rates in May had the data held firm
- 25bps rate hike would still leave UK monetary conditions extraordinarily accomodative historically
- Consumer data since May's MPC meeting has virtually without exception bounced back
Fed’s Bullard (dove, non-voter): wants to see faster productivity to lift growth sustainably; wants Fed to leave rates where they are now - comments in St Louis - Best bet is US will stay in low inflation, low growth regime for at least a couple more years - Market doesn't see Fed hitting its inflation target; market seems more dovish than Fed itself -Skeptical that trade talks will end in any meaningful change; may finish with more or less same trade arrangements we have now - Whatever happens in the long run the US is in for a bumpy ride on trade talks - Reiterates that yield curve inversion is a key near-term risk for the Fed; risk of inversion means Fed should slow rate increases until it's clear inflation pressure or long-term yields are rising - Reiterates Fed should remain data dependent - Fed doesn't need to lean against US fiscal stimulus
- Source TradeTheNews.com
GVI Trader john 19:00:42 GMT - 06/28/2018
no one in their right mind pays any attention to Bullard.
GVI Trader john 20:03:16 GMT - 06/28/2018
Multiple shooting At Capital Gazette in Annapolis Maryland. Details sketchy.
Mtl JP 20:27:31 GMT - 06/28/2018
GVI Trader john 19:00 how about ...
any better Kashkari ?
and I ... tot that "confused" was exclusive to janet ...
really amazing that it does not occur to the collective that maybe they should simply disband their outfit after they setup a second, backed by something tangible, competing ccy in the country and then just ride off into acedemia / thinktank for group wanking there and leave the market to find the free itself
dc CB 21:01:08 GMT - 06/28/2018
Mtl JP 20:34 GMT June 28, 2018
and I ... tot that "confused" was exclusive to janet ...
They Work for the Banks! And everytime they raise the rate by a 1/4 the Banks collect more interest on the Reserves that they have held at the FED. And guess what that means....read the anncments that just hit the wire.
BANK OF AMERICA TO BUYBACK ABOUT $20.6B IN STOCK, BOOSTS TO QTRLY STOCK DIV TO $0.15/SHR
GOLDMAN SACHS TO BUY BACK UP TO $5.0B SHRS, BOOST QTR DIV
MORGAN STANLEY TO BUY BACK UP TO $4.7B OF STOCK, BOOST QTR DIV
dc CB 21:08:49 GMT - 06/28/2018
the 4 banks give a collective Middle Finger to FED>
here are the banks' capital plans announced in response:
Wells Fargo to Buy Back Up to $24.5b Shrs, Boosts Div to 43c/shr, up from current 39c/shr
JPMorgan Chase to buy back up to $20.7b of shares, raises dividend to 80c/shr from 56c/shr;
Bank of America to buy back up to $20.6b of shares, raises dividend to 15c/shr
Citi to Buy Back Up to $17.6b Shares, boosts dividend to 45c/shr from 32c, est. 41c.
Goldman Sachs to Buy Back up to $5.0b Shares, Boosts Div to 85c from 80c
Morgan Stanley to Buy Back Up to $4.7b of Stock, Boost Qtr Div to $0.30/shr from $0.25/shr
American Express To Buy Back Up To $3.4b Shares, boosts qtrly dividend to 39c/share, from 35c/share
PNC Financial to Buy Back up to $2.0B Stock, boosts dividend to 95c/shr from 75c/shr
Capital One to Buy Back up to $1.2B Stock, keeps dividends at 40c/shr
Ally To Buy Back Up To $1b Shares, Boosts Dividend to 15c/shr from 13c/shr
Swiss Fin Min Maurer: EUR/CHF exchange rate has normalized , current level not a problem - Current SNB balance sheet is at a limit of tolerance; would like it reduce in the future
- Source TradeTheNews.com
GVI Trader john 12:31:35 GMT - 06/29/2018
U.S. Personal Income/PCE Deflator June, 2018
ALERT
Personal Income +0.40% vs. +0.40% exp v +0.30% prev.
Core PCE Def +2.0% vs. +1.90% exp. vs. +1.80% prev.
Comcast is suffering from a major "nationwide outage". I am partially hit. I can get some sites and not others. Comcast is by far the largest U.S. internet provider.
GVI Trader john 18:43:25 GMT - 06/29/2018
CNBC reporting it was a major cable line that was cut. Comcast owns NBC.
Mtl JP 18:46:10 GMT - 06/29/2018
ya... it is the chinese (or putin) lol
-
what a stooopid company:
"recommended that some users try checking the status center online"
( https://www.xfinity.com/support/status/?linkId=53673073 )
never mind that that requires internet connection
GVI Trader john 19:06:07 GMT - 06/29/2018
Comcast coming back on for me at least...
GVI Trader john 22:31:02 GMT - 07/01/2018
June 2018
Australia: Mfg PMI
57.4 vs. n/a exp. vs. 57.5 prev.
Australian June 2018 PMI weakens slightly.
GVI Trader john 07:38:59 GMT - 07/02/2018
China, Japan, Switzerland PMIs June 2018
Japan:
53.0 vs. n/a exp. vs. 53.3 prev.
Switzerland
61.6 vs. 61.1 vs. 63.6 prev.
China:
Caixin 51.0 vs. 51.1 exp vs. 51.0 prev.
GVI Trader john 07:55:03 GMT - 07/02/2018
Japan Quarterly Tankan Survey 2Q18
EARLIER: News ALERT
Big Mfg +21 vs. +22 exp. vs. +24 prev.
Germany CSU Party Head Seehofer: Chancellor Merkel is only chancellor because of me - German press - Source TradeTheNews.com
Mtl JP 15:10:27 GMT - 07/02/2018
and the turkey boasts about it ?! LoL
GVI Trader16:03:23 GMT - 07/02/2018
11:54 (UK) PM May: remain committed to avoiding hard border between Northern Ireland and the UK
- White paper to be published next week and it will mark an important step in process of leaving EU
- Will offer further proposals on Irish border
- Source TradeTheNews.com
GVI20:07:29 GMT - 07/02/2018
Chancellor Merkel and Interior Min Seehofer reportedly reach compromise over migration
- Source TradeTheNews.com
GVI Trader john 08:39:01 GMT - 07/03/2018
Construction PMI June 2018
-- NEWS ALERT --
53.1 vs. 52.5 exp. vs. 52.5 prev.
EURGBP just slipped on this (pushing EURUsD lower and GBPUSD higher)
0:54 (UK) UK Customs proposal would include collecting EU tariffs at the border - ITV News
- PM May's plan would keep EU rules on goods and agricultural goods ]- Source TradeTheNews.com
GVI Trader john 08:01:05 GMT - 07/04/2018
Final Service PMIs June 2018
ALERT
EZ- Final Service PMIs June 2018
55.2 vs. 55.0 exp. vs. 55.0 (flash)
Germany
54.5 vs. 53.9 exp. vs. 53.9 (flash)
EZ Retail PMI in June 2018 remains just barely in expansion...
GVI09:47:28 GMT - 07/05/2018
BOE Gov Carney: International data have been mixed since May, reduced productivity growth would be expected to compound output losses from a sustained trade war - Newcastle
There are some tentative signs that more hostile and uncertain global trading environment dampening acitivty- International data have been mixed since May, reduced productivity growth would be expected to compound output losses from a sustained trade war - Headline inflation still expected to rise in short term because of energy prices-
Reiterates that tighter monetary policy will be needed
- Source TradeTheNews.com
GVI Trader john 09:52:01 GMT - 07/05/2018
Carney signaling an August 2 rate hike? I think so... So does the GBP
GVI09:55:04 GMT - 07/05/2018
ECB's Dolenc (Slovenia): Reiterates ECB key rate to remain low for long, till late 2019 (in-line with other members)
ALERT
59.1 vs. 58.3 exp. vs. 58.6 prev.
Employment sub-component
53.6 vs. 54.1 prev.
GVI14:55:48 GMT - 07/05/2018
Iranian Revolutionary Guard Chief: threat to block Strait of Hormuz will be implemented if necessary - The Strait of Hormuz will be for all or it will be for no one - Source TradeTheNews.com
NEWS ALERT
Crude Oil: +1.300 vs. -3.300 exp vs. -9.900 prev.
Distillates: +0.100 vs. -0.600 exp vs. +0.020 prev.
Gasoline: -1.500 vs. -1.000 exp vs. +1.200 prev.
Brexit Min Davis said to oppose PM May plan on customs and goods ahead of Friday cabinet meeting - press - Specifically opposes plan to tie UK to EU rules on goods - Source TradeTheNews.com
GVI18:04:07 GMT - 07/05/2018
FOMC MINUTES FROM JUN 13TH MEETING: MANY SAW DOWNSIDE RISKS TO US GROWTH AND INFLATION ASSOCIATED WITH EVENTS IN EUROPE AND EMERGING MARKETS; SHOW BROAD SUPPORT FOR GRADUAL RATE HIKES AMID 'VERY STRONG' ECONOMY
- Source TradeTheNews.com
GVI18:39:37 GMT - 07/05/2018
Trade Sec Fox reportedly raised concerns in meeting with PM May about her Brexit customs plan - press - Source TradeTheNews.com
GVI21:26:14 GMT - 07/05/2018
Pres Trump: confirms China tariffs will go ahead after midnight tonight - press - Source TradeTheNews.com
Mtl JP 22:26:43 GMT - 07/05/2018
hmmm ... and I tot after midnight of Friday
duh..m me
maybe stocks will drip a few off the Donald/Xi love fest
Mtl JP 22:40:20 GMT - 07/05/2018
Pre - asia open DLRCNY
ahead of President Trump's midnight tariffs of some chinese teddybears
Just for the record.
I have NO idea what to expect and if anything on which instrument.
Ideas welcome.
(preferably profitable ones)
Mtl JP 22:49:19 GMT - 07/05/2018
Yestrday (thursday)
"BEIJING — The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the heated dispute.
... .. ...
“China will not bow down in the face of threats and blackmail and will not falter from its determination to defend free trade and the multilateral system.” - Commerce Ministry spokesman Gao Feng
---
not sure how much uP the totem pole Gao is to draw anything from those paroles.
GVI Trader john 12:34:37 GMT - 07/06/2018
U.S. Employment June 2018
ALERT
NFP Jobs:
+213K vs. +195K exp. vs. +223K (r +244% ) prev.
Rate: 4.00% vs. 3.80% exp. vs. 3.80% prev.
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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