Dentalfloss
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cable
in our pivot area now
1.3482-1.3524 could be a dog
in our pivot area now
1.3482-1.3524 could be a dog
Trading with point and figure
- Thread starter Dentalfloss
- Start date
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Atilla
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I reckon it'll glide to 1.32 soon enough... and then maybe 1.30s.
Still don't see any upside. :whistling
Dentalfloss
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Mornin folks
Dentalfloss
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oil got sold just shy of our 73.00 major rez
excellent results
in supp now...a bad bounce and sellers in
excellent results
in supp now...a bad bounce and sellers in
Dentalfloss
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bread and water for us....thats the only thing we will be able to afford....not imported
Dentalfloss
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Cable
into our supp area
into our supp area
Dentalfloss
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Atilla
1.3284 area is yellow horizontal
seems to be alot of messing about in that area....dunno why
1.3284 area is yellow horizontal
seems to be alot of messing about in that area....dunno why
Dentalfloss
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reason....MARks and spencer profits down
C
cantagril
Buon Giorno Maestro,
EG doing its thing...again.
15m is bullish and the sun might shine but as there's a bunch of numbers coming out this morning I'm going to sit on the sidelines and play with UCs
I'm generally bullish on EG so I'm just going to leave a buy order in at .8750 in case there's some volatility.
EG doing its thing...again.
15m is bullish and the sun might shine but as there's a bunch of numbers coming out this morning I'm going to sit on the sidelines and play with UCs
I'm generally bullish on EG so I'm just going to leave a buy order in at .8750 in case there's some volatility.
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Dentalfloss
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prefer Ann Summers knickers when i cross dress
Dentalfloss
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Buon Giorno Maestro,
EG doing its thing...again.
15m is bullish and the sun might shine but as there's a bunch of numbers coming out this morning I'm going to sit on the sidelines and play with UCs
I'm generally bullish on EG so I'm just going to leave a buy order in at .8750 in case there's some volatility.
poss bull flag
pound is weak..ish
Dentalfloss
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bull flag fails if 0.8700 breaks
looks to be buy the dips
looks to be buy the dips
Dentalfloss
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sell rallies on cable..ish
and
and
Dentalfloss
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usdjpy...as we said...painful for the bulls
C
cantagril
Interesting...I have often wondered just how you developed your exotic trading style. It's all becoming clearer
Dentalfloss
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ftse into the open
Dentalfloss
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7850 is a supp
7820 for a bull test
7880 is a rez
could be a top.....as always who knows
7820 for a bull test
7880 is a rez
could be a top.....as always who knows
Dentalfloss
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from Marc Ostwald
- Rumoured easing of OPEC curbs, negative Trump comments on China accompany
much busier day for data and events: G7 flash PMIs, UK inflation, US New
Home Sales & South Africa CPI accompany May FOMC minutes and rash of
central bankers; German 2-yr and US 5-yr plus FRN 2-yr
- UK CPI: petrol, utilities, food to pace month on month rise, airfares
likely to offset in y/y terms; PPI seen well contained
- South Africa: VAT increase, petrol prices to push headline sharply higher,
but headline and core still seen comfortably within SARB target range
- Flash PMIs: Eurozone and US readings seen little changed, and at roughly
same levels, despite differing market narratives on the two economies
- May FOMC minutes: focus on rate trajectory and inflation target
discussion, may also offer some clues on possible changes to FOMC
communications
********************
** EVENTS PREVIEW **
********************
Today offers rather more in the way of macro inputs than has been on offer thus far this week, with the full gamut of UK inflation readings accompanied by G7 'flash' PMIs, South Africa CPI and US New Home Sales. The May FOMC minutes top the events schedule, and there a number of Fed, ECB and Riksbank speakers, while Germany will sell EUR 5.0 Bln of 2-yr ahead of the US auctions of $16.0 Bln of 2-yr FRNs and $26.0 Bln of 5-yr T-Notes. Eminently the various Trump noises around US/China trade and the North Korea situation, and sources suggesting that OPEC may decide to ease oil supply curbs in June may prove to be the key influences on market sentiment.
** U.K. - April CPI, RPI, PPI & March ONS House Prices **
- UK CPI is expected to rise 0.5% m/m, but to be unchanged at 2.5% y/y in headline terms, while core CPI is seen a fraction lower at 2.2% (vs. March 2.3%). The risks relative to forecasts may be modestly to the upside of projections with the rise in petrol prices (exacerbated by a fall in April 2017), the first round of utilities prices hikes and the introduction of the sugar tax, and broader food price pressures, likely to be partially offset in y/y terms by a smaller rise in airfares than was the case in April 2017. Upward pressures from energy and raw materials prices (and the fall in the GBP) will likely be the main drivers of a projected 1.0% m/m in PPI Input to jump the y/y rate back up to 5.8% from 4.2%; that said PPI Output is seen barely changed and subdued at 0.2% m/m 2.3% y/y (vs. March 2.4%). The ONS House Price measure continues to paint a rather better picture of the UK housing market than all other measures, and is expected to continue to do so with an unchanged 4.4% anticipated, though this looks to be rather too high and should, as such, be treated with caution.
** G7 - May 'flash' PMIs **
- As is often the case, forecasts for today's PMIs see little or no change vs. April, above all for the Eurozone readings, with only a small uptick expected for the US Services PMI, though the risks would appear to be to the upside of that forecast, given the sharp upswing seen in the Philly Fed's Non-manufacturing and solid Richmond Fed Services surveys yesterday. Be that as it may, the rather inconsistent market view of trends in the Eurozone (weakening) and US (solid) economies will doubtless again be rehashed, despite the fact that forecasts actual see little difference in index levels for the two!
** U.S.A. - May FOMC minutes **
- As noted at the time of the last FOMC meeting, the strongest message in the statement came via use of the term "symmetric" in respect of the inflation target, effectively sending the signal that there is quite a high bar to the FOMC upping or slowing their current 'auto-pilot' policy tightening path. In principle this suggests that as long as the PCE deflators remain in a 1.5%-2.5% y/y, and are not threatening to breach either end, then there would be no need to respond to incoming inflation data. The rest of the statement was an exercise in acknowledging the softer Q1 activity data and the rise in inflation, while also dismissing these as factors that might alter the near term rate trajectory. The other notable omissions were the dropping of 'near-term' from the risk assessment, again underlining the auto-pilot view on the rate trajectory, and as significantly there was no mention of trade tensions. In terms of the minutes, the key aspects will be the discussions around the committee's views on the potential end point for the current tightening cycle, both in nominal & in real terms, and whether that projected end point should be neutral (as suggested by Williams) or slightly restrictive (as probably favoured by George, Mester, Rosengren), as well as the debate around whether the current inflation target is "appropriate", and how it might be revisited. Last but not least, Williams's suggestion that the Fed will need to change / drop it guidance, also suggests that the 'dot plot', of which many FOMC members are not enamoured, may well be dropped at some point in the not too distant future.
** South Africa - April CPI **
- Ahead of the SARB policy meeting on Thursday, which is expected to see rates left on hold at 6.50%, we have the key CPI data, which will signal just how much upward pressure the VAT increase (to 15% from 14%) that was implemented as of April 1 is exercising. The start of the fall in the ZAR will also haev some impact, thus also exacerbating the impact of rising oil prices. The consensus looks for a 0.9% m/m headline rise that would jump the y/y rate to 4.7% from 3.8%, still comfortably within the SARB's 3.0%-6.0% target range, with core CPI seen up 0.7% to push the y/y rate up more modest to 4.5% from 4.1%. Given that growth remains rather lacklustre (2018 projected at 1.8% y/y), above all impeded by structural issues, this would leave the SARB with little choice other than to stand pat for a protracted period, as markets are currently discounting.
- Rumoured easing of OPEC curbs, negative Trump comments on China accompany
much busier day for data and events: G7 flash PMIs, UK inflation, US New
Home Sales & South Africa CPI accompany May FOMC minutes and rash of
central bankers; German 2-yr and US 5-yr plus FRN 2-yr
- UK CPI: petrol, utilities, food to pace month on month rise, airfares
likely to offset in y/y terms; PPI seen well contained
- South Africa: VAT increase, petrol prices to push headline sharply higher,
but headline and core still seen comfortably within SARB target range
- Flash PMIs: Eurozone and US readings seen little changed, and at roughly
same levels, despite differing market narratives on the two economies
- May FOMC minutes: focus on rate trajectory and inflation target
discussion, may also offer some clues on possible changes to FOMC
communications
********************
** EVENTS PREVIEW **
********************
Today offers rather more in the way of macro inputs than has been on offer thus far this week, with the full gamut of UK inflation readings accompanied by G7 'flash' PMIs, South Africa CPI and US New Home Sales. The May FOMC minutes top the events schedule, and there a number of Fed, ECB and Riksbank speakers, while Germany will sell EUR 5.0 Bln of 2-yr ahead of the US auctions of $16.0 Bln of 2-yr FRNs and $26.0 Bln of 5-yr T-Notes. Eminently the various Trump noises around US/China trade and the North Korea situation, and sources suggesting that OPEC may decide to ease oil supply curbs in June may prove to be the key influences on market sentiment.
** U.K. - April CPI, RPI, PPI & March ONS House Prices **
- UK CPI is expected to rise 0.5% m/m, but to be unchanged at 2.5% y/y in headline terms, while core CPI is seen a fraction lower at 2.2% (vs. March 2.3%). The risks relative to forecasts may be modestly to the upside of projections with the rise in petrol prices (exacerbated by a fall in April 2017), the first round of utilities prices hikes and the introduction of the sugar tax, and broader food price pressures, likely to be partially offset in y/y terms by a smaller rise in airfares than was the case in April 2017. Upward pressures from energy and raw materials prices (and the fall in the GBP) will likely be the main drivers of a projected 1.0% m/m in PPI Input to jump the y/y rate back up to 5.8% from 4.2%; that said PPI Output is seen barely changed and subdued at 0.2% m/m 2.3% y/y (vs. March 2.4%). The ONS House Price measure continues to paint a rather better picture of the UK housing market than all other measures, and is expected to continue to do so with an unchanged 4.4% anticipated, though this looks to be rather too high and should, as such, be treated with caution.
** G7 - May 'flash' PMIs **
- As is often the case, forecasts for today's PMIs see little or no change vs. April, above all for the Eurozone readings, with only a small uptick expected for the US Services PMI, though the risks would appear to be to the upside of that forecast, given the sharp upswing seen in the Philly Fed's Non-manufacturing and solid Richmond Fed Services surveys yesterday. Be that as it may, the rather inconsistent market view of trends in the Eurozone (weakening) and US (solid) economies will doubtless again be rehashed, despite the fact that forecasts actual see little difference in index levels for the two!
** U.S.A. - May FOMC minutes **
- As noted at the time of the last FOMC meeting, the strongest message in the statement came via use of the term "symmetric" in respect of the inflation target, effectively sending the signal that there is quite a high bar to the FOMC upping or slowing their current 'auto-pilot' policy tightening path. In principle this suggests that as long as the PCE deflators remain in a 1.5%-2.5% y/y, and are not threatening to breach either end, then there would be no need to respond to incoming inflation data. The rest of the statement was an exercise in acknowledging the softer Q1 activity data and the rise in inflation, while also dismissing these as factors that might alter the near term rate trajectory. The other notable omissions were the dropping of 'near-term' from the risk assessment, again underlining the auto-pilot view on the rate trajectory, and as significantly there was no mention of trade tensions. In terms of the minutes, the key aspects will be the discussions around the committee's views on the potential end point for the current tightening cycle, both in nominal & in real terms, and whether that projected end point should be neutral (as suggested by Williams) or slightly restrictive (as probably favoured by George, Mester, Rosengren), as well as the debate around whether the current inflation target is "appropriate", and how it might be revisited. Last but not least, Williams's suggestion that the Fed will need to change / drop it guidance, also suggests that the 'dot plot', of which many FOMC members are not enamoured, may well be dropped at some point in the not too distant future.
** South Africa - April CPI **
- Ahead of the SARB policy meeting on Thursday, which is expected to see rates left on hold at 6.50%, we have the key CPI data, which will signal just how much upward pressure the VAT increase (to 15% from 14%) that was implemented as of April 1 is exercising. The start of the fall in the ZAR will also haev some impact, thus also exacerbating the impact of rising oil prices. The consensus looks for a 0.9% m/m headline rise that would jump the y/y rate to 4.7% from 3.8%, still comfortably within the SARB's 3.0%-6.0% target range, with core CPI seen up 0.7% to push the y/y rate up more modest to 4.5% from 4.1%. Given that growth remains rather lacklustre (2018 projected at 1.8% y/y), above all impeded by structural issues, this would leave the SARB with little choice other than to stand pat for a protracted period, as markets are currently discounting.
Dentalfloss
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Interesting...I have often wondered just how you developed your exotic trading style. It's all becoming clearer
Dentalfloss
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usdjpy in our pivot area
