Home > July 2017 > July 7, 2017 NFP 180K is the call, G20 not a Photo Op this time

July 7, 2017 NFP 180K is the call, G20 not a Photo Op this time

Futures are flat as we lead into the NFP number this morning. Shanghai reported again lower home sales. The Foreign Spending numbers from China came in falling a little under estimates. The USD is actually a bit mixed against the pairs with push up against the Euro but selling off against the sterling. The G20 could become a moment in history per the Telegraph that suggest that the summit could mark the moment of the US’s formal abdication as the world’s pre-eminent power. The task of leadership will be seen to be passed not to a single successor but a mix of Trump, Xi, Putin and Merkel.

July 2017

  • panther341
  • Trading_Nymph

    Panther this is a very strange day. The Swissy is weaker so they aren’t buying the market. Gold is being thrown away in a big way. With Gold, it’s either they are selling due to Syria Cease-Fire or someone is needing to raise cash in a big way?

  • Trading_Nymph

    Many are pointing to the NFP report for selling gold, but with the Flash Crash in Silver during the Asian Session this is raising an eyebrow.

  • Trading_Nymph

    Petro Dollars are hurting with this continued drop in Oil, selling of both the euro and gold would make sense if cash is needing to be raised. Probably harder for OPEC to raise credit during this downfall. Not sure why the market would rally without Petro Dollars and Swiss not in buying?

  • Trading_Nymph

    Watched CNBC halftime today. Everyone was bullish calling for a Summer Rally on earnings and the Fed not acting. They were very very confident on that point. Not one mentioned the slow down in China…or even used the word China.

  • Trading_Nymph

    From Inspectrum…Could explain the tech rally…This week encountered a DRAM manufacture having a mishap causing wafers to be scraped then Fab to be suspended. As a result, the DRAM market became quite active and had an upward trend due to the incident. Suppliers at the end of the week did have more supplements released into the market, triggering the buying momentum to grow stronger. Thus, the trading volume did increase accordingly. Therefore, branded 8Gb DDR4 shot up 3.23% ending at US$6.63. Similarly, white brand 8Gb DDR4 upped 3.96% closing at US$5.50. In regards to branded 4Gb DDR4, it also ascended 2.65% ending at US$3.38. As for white brand 4Gb DDR4, it upped by 3.18% closing at US$2.70. Henceforth, price for branded 4Gb DDR3 rose by 1.60% ending at US$ 3.18. Meanwhile, white brand 4Gb DDR3 shot up 6.48% at US$2.32 by the end of this week.

    Regarding the NAND flash market, it continued to gradually rise in prices. The demand was not strong as expected as well. So, transactions did not apparently increase. As for NAND flash TLC 64Gb and NAND TLC 128Gb both remained at current market price ending at US$3.35 and US$4.74, respectively. However, NAND Flash MLC 64Gb slightly rose 0.10% closing at US$3.65. Moreover, NAND flash MLC 128Gb increased 0.25% ending at US$5.53.

  • Trading_Nymph

    Have a good weekend Panther! Between Sunburns and Forth Overload..I have been goofing off this week.

  • panther341

    I don’t know either on gold. But there is no fear. Of North Korea or anything else.

    gold has been selling for a month since it nearly hit 1300 – which was a sort of double top – matching the April top. Gold has made a lower low than the APril low, and ….

    silver has been MUCH worse. There may have been a margin call or some other forced selling in silver one day last week. But the miners were not following gold when it went to 1300 and that was a tell for me.

    gold has been this weak with a weak dollar.

  • panther341

    Yellen testimony on Wed and Thurs at Congress.

    RUT futures move back to CME from ICE. They were at CME until about 10 years ago. http://www.cmegroup.com/education/transitioning-emini-russell-2000-positions.html