Bloomberg April 1, 2020 -- Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes. .../..
Mtl JP 11:03:07 GMT - 04/01/2020
shawn 07:23 *-^
trump likely worried the headcutter stops buying / paying american killing equipement
Israel MacroMicro 07:57:53 GMT - 04/01/2020
of course crude prices will rise at certain point in the future. but how lower from current it will go or we seen the low for months/years already?
kl shawn 07:23:07 GMT - 04/01/2020
JP, Trump is setting up a meeting with Saudi and Russia addressing oil price issue
common sense really...
Mtl JP 23:30:13 GMT - 03/31/2020
$20.14
-------
Kl Shawn 15:52 March 31 - Oil will not go lower
I am assuming not much lower than $20
what is your rationale ? tia
Mtl JP 17:00:47 GMT - 03/31/2020
darn me bad, beg your pardon:
Pivot 1.1064
what more...
do u need
confirmation?
100% guarantee ?
Mtl JP 16:57:54 GMT - 03/31/2020
EURO 1.0974
---------------
20 day 1.1048
50 day 1.0991
100 day 1.1043
200 day 1.1075
srce.: the pros at Global-View.com
Bottom Line
Bias is down while under the MAs
HK Kevin 16:29:25 GMT - 03/31/2020
Too soon to draw such a conclusion on weak dollar policy until Trump is crying "we favour a strong dollar". Other than USD, which ccy could play the role of a safe heaven while all ccys are at zero interest rate.
london red 16:23:19 GMT - 03/31/2020
stox making hard work of 2640/46. a double t brewing with 2300/2350 tgt within 48 hrs if they cannot break higher.
london red 16:21:53 GMT - 03/31/2020
115. really they need euro at partity to 1.05 to suit their needs. but fed doing excellent job of debasing usd with all that rate cutting and liquidity. just compare the two packages and its clear.
Kl Fs 16:18:41 GMT - 03/31/2020
Where is livingston, nh? Havent seen him for a while.
Belgrade Knez 16:18:13 GMT - 03/31/2020
london red
............ eu will not start jawboning until euro breaks 115........
-----------------------------------
did you mean 1.1500 or 1.1150?
thank you.
london red 16:06:54 GMT - 03/31/2020
fed wants and usa needs weak usd to help recovery. dumb ass europeans and asians rather than fight this will let this run until it boils over in their economies. eu is recession/depression level, they need weak euro. but fed has ensured if u look hard enough u can even find a dollar up ur ass. plentiful usd means weak usd which means usa corps profits higher which means...yes u guessed it...stocks higher. what a surprise. eu will not start jawboning until euro breaks 115.
Kl Shawn 15:54:02 GMT - 03/31/2020
Yeah JP, broad dollar move, looks like usd to be the funding currency now not safe haven anymore
Kl Shawn 15:52:33 GMT - 03/31/2020
Gonna watch the close, below 1.42 keep selling rallies. Oil will not go lower
Mtl JP 15:40:55 GMT - 03/31/2020
he ! its the dlr leg that is crapping
Kl Shawn 15:36:31 GMT - 03/31/2020
Loonie puppy is killed
HK Kevin 15:29:28 GMT - 03/31/2020
Hi JP, hopwe we both win in this irrational market
Mtl JP 13:30 GMT 03/31/2020
Kevin 12:13 - dono why not
I am biased uP seeing usd is in demand atm
london red 15:00:00 GMT - 03/31/2020
twice. fix coming up, will calm after that
london red 14:50:11 GMT - 03/31/2020
euro tests shs neck and back down half a fig. and who says techs dont work anymore!
Mtl JP 14:49:32 GMT - 03/31/2020
1.0960
weasel short trade, N of blue line nixes
Mtl JP 14:27:29 GMT - 03/31/2020
keeping it tight:
biased to sell euro while under 1.0960/5
trgt 1.0900-ish
not clear to me that 1.09 would pierce on first approach
dc CB 14:27:19 GMT - 03/31/2020
You will know by their deeds.
Paris ib 14:24:15 GMT - 03/31/2020
Question for you CB: do you think the powers-that-be have lost control of the market or are at risk of losing control of the market? Or not?
I have no idea but I'd like to know what you think.
dc CB 14:22:24 GMT - 03/31/2020
will Treas futures follow yest pattern----peaking as Europe closes?
Or will the mid day REV REPO move that forward 2 hours.
Yest the 30 fut went down 3 handles into the 5PM close/pause
GVI Forex13:52:58 GMT - 03/31/2020
Key time is usually the 4 PM London fix
Mtl JP 13:50:50 GMT - 03/31/2020
..."as long as there is demand for USD"...
is key current trading theme imho
and swift like weasel trading tactic
swiss frank 13:44:26 GMT - 03/31/2020
I don't know why but was told usd demand dries up after next 15 mins. We'll see...
swiss frank 13:43:14 GMT - 03/31/2020
There's no 'trade' here. Its managed but long term it goes to 1.0000.
Mtl JP 13:40:36 GMT - 03/31/2020
1.05722
---------
this puppy is outside of direct usd correlation
looking for trade ideas - TIA!
Mtl JP 13:30:35 GMT - 03/31/2020
Kevin 12:13 - dono why not
I am biased uP seeing usd is in demand atm
dc CB 12:48:12 GMT - 03/31/2020
2nd REPO
Single Day 0.00
dc CB 12:40:21 GMT - 03/31/2020
the CASH trading hours will tell the story.
dc CB 12:37:31 GMT - 03/31/2020
I posted yest that pension funds, seemingly following the recom of the LosAngeles TeachersPension fund, may be holding off, considering the speed of the market decline---deeming it "not prudent at this time"....
JPM put the number at $100bln left to do.
but who knows?
london red 12:29:39 GMT - 03/31/2020
so they are done re rebalancing? 2640/46 the zone to beat on a daily close.
Mtl JP 11:36 GMT, I expect USD sell off admist decline of US stock today. Why not sell USD/CAD at around 1.4270/80 for 100 pips profit with a tight stop
Mtl JP 11:36:15 GMT - 03/31/2020
USDCAD 1.4250
------------------
I am gunning for 1.43 ++ 1.45
kl shawn 11:18:44 GMT - 03/31/2020
JP, loonie has finished correction? resuming up or do you see something else?
Mtl JP 10:59:02 GMT - 03/31/2020
EURO 1.0952 dingding dingding
--------------- Mtl JP 15:14 GMT March 30, 2020
EURO 1.1034
st bias down while under 1.1050
S (or trgt) at 1.10, and 1.0955-50
--
no "confirmation"
no "100% guaranteed"
NO BULLSH.T
Mtl JP 10:57:53 GMT - 03/31/2020
stocks
-------
europeans were higher altho they gave up some of the gain but still in the green atm
US is uP some
Gold is down some $20-ish
AT Trader john 09:30:30 GMT - 03/31/2020
Early Tuesday
DJ: +123
SP: +14.4
2-yr 0.238% -0.1
Spread 10s-2s +46.7 (+47.4)
10-yr
US: 0.712% +4.1
UK: 0.370% +3.9
DE: -0.473% +5.4
Tue 31 Mar 2020
Final Mfg PMIs some A 08:55 DE- Employment Wed 1 Apr 2020
Final Manufacturing PMIs all day A 12:15 US- ADP Payrolls A 14:30 US- EIA Crude Thu 2 Apr 2019 A 08:55 EZ- PPI A 12:30 US- Weekly Jobless A 12:30 US- Trade Fri 3 Apr 2019
Final Service PMIs all day AA 12:30 US- Employment
Mtl JP 01:06:06 GMT - 03/31/2020
1.0983 low but ...
looks like some hanki panki probing
Mtl JP 00:54:53 GMT - 03/31/2020
EURO 1.1005
trying to pierce down lets see
Israel MacroMicro 22:33:08 GMT - 03/30/2020
gold 1570/1720 range
probably
Mtl JP 22:16:56 GMT - 03/30/2020
USDCAD 1.4155 Opportunities r-coming
-------------------------
MNP Consumer Debt Index - March 2020
Against the backdrop of a global pandemic, almost half of Canadians are concerned about their debt, a 10-point jump since December
Shortly before the close on Monday, the New York Fed issued a surprise announcement according to which it pushed forward the start time of tomorrow's month and quarter-end Overnight Reverse Repo operation to 12:30 PM ET from 12:45 PM ET, while keeping the end time of the operation at 1:15 PM ET, effectively increasing the operation time from 30 minutes to 45 minutes.
Why? The Fed explains:
This change has been made to ensure the Desk has sufficient time to obtain all bids from eligible counterparties on quarter end in light of remote working arrangements of eligible counterparties.
JPM Kolanovic: We estimate that re balance for the month end which is Tuesday could be around $100-$125B now. We think 60% still needs to be done 40% in a relatively short period of time... Trump is now on point risk reward is to be long time to risk some
9:24 PM - Mar 29, 2020
Plus via ZeroHedge:
stock euphoria may have just suffered a potentially terminal blow after "a large California pension has postponed their scheduled quarterly rebalancing" adding that as California pensions are the "thought leaders in the pension community", it is likely that "others will either follow along in postponing or reducing anticipated rebalancing."
......referring to an article in P&I online, according to which "Los Angeles City Employees' Retirement System's board temporarily modified its asset allocation and rebalancing policies, which includes allowing the staff to defer rebalancing its asset allocation if deemed appropriate, said Rodney June, CIO of the $15.1 billion pension fund, in an email."
"The market conditions are unusual and volatility is well beyond historical norms," said a staff memo for the board's meeting Tuesday. "Staff believes that while extreme market volatility is present owing to the decline in the total portfolio value ... shoring up liquidity within the UCA (unallocated cash account) is important to ensure that LACERS can readily meet ongoing cash flow obligations of approximately $95 million per month."
The memo also said suspending rebalancing during extreme periods of volatility is prudent.
Tue 31 Mar 2020
Final Mfg PMIs some A 08:55 DE- Employment Wed 1 Apr 2020
Final Manufacturing PMIs all day A 12:15 US- ADP Payrolls A 14:30 US- EIA Crude Thu 2 Apr 2019 A 08:55 EZ- PPI A 12:30 US- Weekly Jobless A 12:30 US- Trade Fri 3 Apr 2019
Final Service PMIs all day AA 12:30 US- Employment
Actionable trading levels delivered LIVE to YOUR charts
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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