macbonzo
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PPI up 0.6% (Core up 0.3%) Market expected 0.4% (0.2%)
Market seems to be taking the figures quite well. Futures not really moved on the figures.
My own feeling is that this may be a consolidation session. My guess is a range between 10178 and 10260ish
Market seems to be taking the figures quite well. Futures not really moved on the figures.
My own feeling is that this may be a consolidation session. My guess is a range between 10178 and 10260ish
roguetrader
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Industrial production fell 0.2% in April. At the same time, capacity utilization fell to 79.2% from 79.4%.
The declines in industrial output and capacity were unexpected. Economists were expecting production to rise 0.2% and capacity utilization to remain unchanged to 79.4%.
The declines in industrial output and capacity were unexpected. Economists were expecting production to rise 0.2% and capacity utilization to remain unchanged to 79.4%.
roguetrader
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Total market volume running about level with yesterdays pace at 11am EST, the stalemate continues.
roguetrader
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user said:So far it does seem like something interesting will happen in todays session. But RT the question is which way....
True User, and I would love to tell you which way, but alas like all the good people on here I do not know. Internals are in my view biased to the downside at the moment (but low volume makes internals less reliable) a continued lack of volume shows the major players to be uncomitted at the moment, could go either way at the moment,
Most of the bad data was due to energy prices which are already priced into the market and the fact that oil has been falling lately will surely help next months figures. So I think it will close down but not too far and with a possible test of up at some point.
All seeing
Never presume anything, control over markets? I doubt it, but seeing all that is happening, (probably!!!!!!! No )DEFINITELY! YesBluewave said:Now Socrates believes himself to be the "all-seeing eye", do we presume he has ultimate control over the markets?!
Bluewave said:Now Socrates believes himself to be the "all-seeing eye", do we presume he has ultimate control over the markets?!
Thats the garbage that he peddles here, including his ludicrous prior assertions that it is all predetermined (by Obi Wan Kenobe presumably !) before it happens. He's a Grand Master at meaningless verbiage.
On the rare occasion that he ventures a specific magesterial comment, like his statements on Friday afternoon that the Dax was capped at 4269 (closed at 4275) and that a rise in the FTSE to 4875 'was not expected' (closed at 4886), he gets it wrong.
The "all-seeing eye" obviously needs a monocle
are you winding him up again. i am really hoping he comes back v.soon.evenings without socco isnot much fun.kriesau said:Thats the garbage that he peddles here, including his ludicrous prior assertions that it is all predetermined (by Obi Wan Kenobe presumably !) before it happens. He's a Grand Master at meaningless verbiage.
On the rare occasion that he ventures a specific magesterial comment, like his statements on Friday afternoon that the Dax was capped at 4269 (closed at 4275) and that a rise in the FTSE to 4875 'was not expected' (closed at 4886), he gets it wrong.
The "all-seeing eye" obviously needs a monocle
If you find nonsense entertaining then you should go out and try and find some Stanley Unwin records, if any still exist. Alternatively go to http://www.stanleyunwin.co.uk and you might be able to satisfy your withdrawl symptoms there.haleh said:
