Archive for the ‘Dec 2017’ Category

Dec 27, 2017 Gold pushes up

December 27th, 2017

Yawn, Futures are flat in the first hour of the europe session. Pending Homes and consumer confidence for the US econ news.  Shanghai Futures had copper only up slightly after the rally yesterday. PBoC makes it four days in a row that it is not adding liquidity through Open Market Operations, they feel there is enough liquidity out there thru the end of the year. Cypto is a little up over 16,000.

Dec 2017

Dec 11, 2017 Trivia..March 2017 was the peak of global central bank QE money

December 11th, 2017

Just some trivia, According to analysts at Deutsche Bank, quantitative easing from the world’s major central banks hit a post-crisis peak of $182 billion a month in March this year. That will shrink to $53 billion by the end of next year and flip to outright liquidity withdrawal in mid-2019, they predict. Anyway, Shanghai Copper Futures continued to move down again tonight. EVEN though the November Chinese Loan Data came out BEATING estimates of new loans originated in November, with the Govt claiming to be cutting finance and IMF warning about China Bad Debt risks, this number should not make any Chinese Leader or the PBoC proud. FWIW, Chinese Casinos were very strong. Wonder if all the Buzz is about the Bitcoin Futures going limit up had something to do with that, China Casinos have been the gateway to move money offshore in the past. China Government has done everything they can think of to stop money getting out of China via Cypto, but it looks like it is failing. The US Dollar is weak against all of the major pairs except for the pound.  Our Futures are up in the second hour of the europe session about .08%, Oil is also weaker about .30%. Jolt data is only major econ news today.  **** ALSO, sorry about my absence, One of my friends lost her home in the Sylmar Creek Fire. Fire is almost out, but it has been wild.

Dec 2017, Uncategorized

Dec 6, 2017 Shanghai Copper Futures down over 3%, Nikeii down 2%

December 6th, 2017

Tonight Australia missed GDP estimates and we continue to see the slowing down of China Liquidity hit the Metals and the Stock exchanges.  Our Future is down (finally) .13% leading into the europe open. The USD is again strong against the pairs except for the Kiwi. Oil is down when API surprised showing a huge build of 5.481 million barrels of United States crude oil inventories, the estimates were for draw down. Bitcoin is now, omg, over 12,000 with most of China Biz being traded in Hong Kong now after the PBoC crack down. Hello, while I am writing this the Yen is pushing up on the USD….Risk Off is our play of the day….finally a really nice down day should be coming.

Dec 2017

Dec 5, 2017 Hang Seng closed down 1% and Nikkei saw Red too

December 5th, 2017

Tonight is very strange. Futures are up .12% going into the Europe open. Oil is weaker. YET Shanghai Futures has Copper and other metals selling strong, this while the Aussie and Kiwi are pushing up .58% to the USD after the RBA left rates the same and beat on PMI service. China also beat on PMI service but they sold off.

Dec 2017

Dec 4, 2017 US Market in Fully Rally..Just at the same level of the Europe Open

December 4th, 2017

Can we say the Market will be Red by the close. The tax bill was passed, now all the US Corporations will be bringing home USD’s to the USA. Of course the USD is in full rally mode to ALL of the pairs. Less USA cash will be in global economy so everyone is dumping FX. (not sure if Washington had thought about that?). Stronger USD will finally be giving a little bit of push to the Bond Yield so Fed will be a bit more Hawkish. Mixed with that we have a China that continues to Cut the Money and slow the economy. Shanghai Futures did get a small pop last night when EU gave China a sweet Tariff Deal. Anyway, this Bear is just hoping all of this mess will sell off, lol.

Dec 2017