Home > Uncategorized > June 27,2017 The NIGHT of THE CENTRAL BANKERS and EU is going after Google

June 27,2017 The NIGHT of THE CENTRAL BANKERS and EU is going after Google

June 27th, 2017

Draghi gave a speech at an EU Conference and said sort of something like don’t worry, be happy. Market wasn’t and Euro Spiked up over concerns that his shift from ‘very substantial’ to ‘considerable’ in regards to stimulus. Super Mario wasn’t that super.  Next up will be Carney, giving the  financial stability report. And Yellen will be giving a speech in London later.  Futures went Red. . Oil is actually up .91% leading into API data at the close.  Our futures are only down .09%.  EU Trade Commissioner  was out tonight to saying that in 2008 Google started to giving an unfair advantage in their searchers…may be asking 5% of the daily sales for this behavior if they don’t fix in 90 days.Tonight Google was fined big as the EU takes it’s first hit.

Uncategorized

  • Trading_Nymph
  • Trading_Nymph

    Going with our theme of China is Slowing..SHanghai Daily has piece on less Direct Investment for the rest of the Year..China’s investment in US to cool in 2017
    By Feng Jianmin | 00:01 UTC+8 June 27, 2017 | PRINT EDITION

    CHINA’S direct investment in the United States will fall this year under tightening scrutiny and regulation but US investment here will remain robust led by technology and consumer goods, a new study showed yesterday.

    Chinese investment remained strong in the first half of this year, due to the completion of deals made in 2016, but it is expected to cool in the second half, said a report by Rhodium Group and the National Committee of US-China Relations.

    The decline marks a correction from a surge of overseas investment last year as China poured US$46 billion into the US in 2016, three times that of 2015.

    Foreign direct investment from the US last year was a quarter of the China-US investment — but still a record. US investment in China will likely hold up well as China upgrades and restructures, said Rhodium director Thilo Hanemann.

    Although the US and China are tightening scrutiny in the interests of national security, bilateral investment still has huge potential, given the number of projects in the pipeline.

    Information communications technology was the largest sector for US investment last year.

    Real estate and hospitality were the favorites for Chinese investors, triggered by regulatory changes to prevent “irrational investment” — unrelated to core business.

  • panther341

    dollar getting hit worse than the QQQ’s – so bondsa are down and gold and oil are up. Qs down. GOOG not helping LOL

    banks like bonds down – banks are green. banks were green yesterday on the Italian bank news fwiw – European banks were strong as well.

  • panther341

    dollar intraday. spot the Draghi talk. no recovery. In fact sold off more at Europe close my time.

    QQQs bounced technically. lower high last week however. Not looking good. https://uploads.disquscdn.com/images/3af46f5184a211642963fecd8aeb7194c3506db920fca150a49c91a27ab4f372.png

  • panther341

    oops. qqq futures just lost that technical level.

  • Trading_Nymph

    What is interesting is that most of the financial sites isn’t giving all of this weakness to Draghi but pointing at other reasons. lol, that is how I always grade my analysis..I write it, go to sleep and see what everyone else says later.

  • Trading_Nymph

    It’s funny, Banks always rally on hopes of higher interest rates..but then they tumble so hard when the rest of the market starts to fall apart due to higher rates..lol.

  • Trading_Nymph

    She was wearing sort of Non Pearl Necklace today, must be cuz she was in Europe, lol. She wasn’t dovish.. https://www.wsj.com/articles/yellen-u-s-financial-system-is-safer-and-sounder-than-before-crisis-1498586028?mod=e2twcb

  • Trading_Nymph

    From UK Telegraph…Carney is hawkish on liquidity…The Bank of England is pushing the UK financial sector to prepare for a downturn, by making them hold an extra £11bn of capital. But…. Carney says this won’t be a problem, as banks already hold more capital than required, since the rule were relaxed after the Brexit vote.

    As Carney puts it:

    We want to move the levels of capital back up to the level they should be — any time you move into more benign credit conditions there have been fewer defaults.

    The BoE is concerned that some lenders are becoming too reckless, saying that:

    “Consumer credit has increased rapidly. Lending conditions in the mortgage market are becoming easier. Lenders may be placing undue weight on the recent performance of loans in benign conditions.”

  • panther341

    She didn’t take the pearls across the pond!

    Did you see the Euro?

  • Trading_Nymph

    IMF downgraded US Growth in the later part of the year…lol…first comes China, then comes ROW

  • panther341

    perzactly what they did today. 🙂

  • Trading_Nymph

    OMG the big winner is the SWISSY. USD/CHF down 1.63%. Yen is weaker so everyone was hiding in the swissy…maybe cuz they know the swiss bank is really having a bad day with the stronger swiss and the hit they are getting holding all the US Tech Stocks after the EU action against Google, lol.

  • panther341

    Tuesday night oil inventories out. oil weak.

  • Trading_Nymph

    ROFL…No she didn’t, lol. YES I was up at 2 am watching it shot to the sky while I watched Mario talk, lol.

  • Trading_Nymph

    thanks Panther.

  • panther341

    They thought inventories would be down bcs that tropical storm (not quite a hurricane) shut down a lot of off shore production for a few days …. we’ll see what tomorrow’s numbers say.

    In the “good ol’ days” a tropical storm would cause prices of oil and gasoline to go up just thinking about it entering the Gulf of Mexico much less aimed at Texas or Louisiana like this one.

  • panther341

    Nasdaq 100 – first close below the 50 day moving average since December 6 it looks like.