Trading with point and figure

[Dentalfloss]

ftse
general look..1 month of data

 

[Dentalfloss]

ftse not happy

 

[Dentalfloss]

ftse...trend break...bulls could come back
right now..lookin for direction
dax might be the better one

 

[Dentalfloss]

daxy

 

[Dentalfloss]

dax over the last week

 

[Dentalfloss]

dax turns nasty if that supp area becomes rez

 

[Dentalfloss]

DOW over the last week
alot of grot removed

 

[Dentalfloss]

dow
that supp area looks to want to attract

 

[Dentalfloss]

7050 area on ftse ...still a dog
marked yesterday morning

 

[swissy]

Morning all.

looking at ftse sp 7020 rez 7050.

Dropping sp 7k if bulls not in town, probably bump up and down to 7020 lets see.

 

[Dentalfloss]

dax into our supp area
escellent

 

[Dentalfloss]

:smart::smart::smart:

Morning all.

looking at ftse sp 7020 rez 7050.

Dropping sp 7k if bulls not in town, probably bump up and down to 7020 lets see.

 

[Dentalfloss]

- Modest schedule of data features UK PSNB, Canada & Brazil inflation,
Canada CPI; gaggle of central bank speakers and US corporate earnings
the other features

- UK PSNB: modest narrowing of deficit relative to Sept 2015 seen, but
market looking to Autumn Statement

- Canada CPI: consensus forecasts see headline rebound, core steady,
downside misses likely to pressure CAD after BoC's dovish turn

- EUR/USD: markets' dovish spin on Draghi and widening rate differentials
weighing on EUR, EUR/JPY move potentially key

- Charts: US corporate sources of capital, EUR/USD, EUR/JPY, US/Bund 2 yr
and 10 yr spread, Atlanta Fed Wage Growth Tracker, CAD spot, WTI future

..........................................................................

********************
** EVENTS PREVIEW **
********************

A very modest schedule of statistics to end the week, featuring UK PSNB, Canadian CPI and Retail Sales, and Brazil IPCA IBGE inflation, is accompanied by a bevvy of central bank speakers from Kuroda overnight through Weidmann to SF Fed's Williams; meanwhile General Electric tops a a more modest schedule of US Corporate Earnings. The UK September PSNB data are expected to see an £8.2 Bln deficit, which would represent narrowing vs. September 2015's £8.82 Bln, sustaining the better trend seen since June, after a poor start to the fiscal year. However this will need to spring a surprise to jar UK asset markets, which are rather more focussed on the GBP, which in turn remain sensitive to Brexit related headlines and to growth & inflation data. In respect of Canada's CPI, headline and core CPI are both forecast to rise a modest 0.2% m/m, though thanks to base effects this would see the headline y/y rise to 1.4% from an 11-month low of 1.1% in August, though the core rate would be unchanged at 1.8% y/y. In itself, this would be rather unremarkable, were it not for the very dovish BoC press conference on Wednesday, in which Mr Poloz revealed that the BoC had discussed easing policy; per se, anything weaker than expected will likely put the CAD under some pressure, particularly if oil prices were to slip. However, short-term the focus for FX markets will be on the EUR, after it breached its Brexit night low yesterday, and thus putting the focus on the March lows around 1.0826 ahead of January's 107.11 low (see chart). Developments on EUR/JPY may also play a role in how that plays out, as a break out of the current wedge formation appears to be looming. Whether markets dovish spin on Draghi's 'say as little as possible' press conference yesterday proves to be correct remains to be seen, but with US Treasury / Bund spreads widening, it is not difficult to see where the pressure is coming from. In that respect, and the Fed rate hike in December which markets are attributing as 67.6% probability to currently, a quick look at the Atlanta Fed's Wage Growth Tracker, which jumped back to its cyclical high in September and the evidence of modest, but clear wage pressures presented in the Beige Book, is also worth noting.


from Marc Ostwald

 

[Dentalfloss]

firts rez on dow is 18165 area
firts supp area 18105-18120

rez area 18160 -18192
supp area goes down to 18056
could go either way
needs to stay above 18K

 

[Dentalfloss]

cable
bulls need to show up..lol

 

[Dentalfloss]

ftse...trend break...bulls could come back
right now..lookin for direction
dax might be the better one

trend break gave us a bear bias for the open
scalp short any rally on all 3 index..so far
tight stops

 

[Dentalfloss]

ftse not happy

posted at 7,31 AM

 

[swissy]

1000 -30hrs ftse regular arrhythmia .. just faded it for a few lol

 

[Dentalfloss]

ftse

 

[swissy]

ftse oil up.. a bit, cable down... a bit. providing sp @7030 ish.

Could go 7050 is US futures become a bit more positive.