Home > Oct 2017 > Oct 10,2017 Slow Night, USD weaker

Oct 10,2017 Slow Night, USD weaker

October 10th, 2017

Futures are up about .10% in the start of the Europe Session. The Yuan was set stronger against the USD tonight. Shanghai Futures were about Flat after that rally yesterday. Lot of talk on how one of Japan’s Big Steel Makers were fudging Quality Control and selling the metals to Toyota, Nissan for years. RBA indicated that they could raise rates next year which pushed up the Aussie even with weaker commodities. You know Bitcoin is up 0ver 60% from it’s September lows. IMHO Governments can’t tax Cypto Currencies, Governments need tax revenue..therefore no Govt has a vested interest in letting it continue much longer. Oil is still up after Saudi Arabian Oil Co., Aramco, said they are slashing over 7% of the crude it exports by sea in November. Not much in the way of Econ News in US Session…yawn.

Oct 2017

  • panther341

    Hi TN.

    FAST earnings Wednesday before the open.

    WMT was the big story on Tuesday.

    Big banks report later this week – Thursday and Friday – though Blackrock reports on Wednesday before the open. They aren’t in the same league as JPM though. But they sort of let you know how at least one bank is doing.

    I have been working some more on cleaning up stuff around here. Right now doing some work in the yard while weather is still nice – and not 100 degrees. I have a couple of meetings on Thursday during the day. So my attendance this week will be spotty. Next week earnings start in earnest with NFLX on Monday after the close and then CSX and GS and JNJ and UNH all on Tuesday before the open. Next week I plan on paying far more attention! LOL

  • panther341

    DAL earnings are also Wednesday morning – tomorrow. Airlines trade around the price of oil of course. 🙂 But DAL will set the stage for the rest of the airlines.

  • panther341

    FOMC minutes are also tomorrow (Wednesday) …. those often move the market more than I would have thought ….

  • panther341

    Tuesday: BIDU and BABA both hit all time highs today.

  • panther341

    GOOGL/GOOG having trouble with 1000 for the nth time. LOL Earnings Thurs Oct 26.

    None of the FANGs had a great day today unless you count NVDA as a FANG. NVDA also in the self driving car trend as well as the crypto trend. NVDA very hot stock this year.

  • panther341

    Citron reportedly selling SHOP short. stock down 25% since mid September.

  • panther341

    Peter Brandt on crude oil. https://www.peterlbrandt.com/crude-oil/?utm_content=buffer9f99a&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

    So far all we have is a possible pattern PLUS a lot of shorts in the crude oil market – the boatload of shorts is always the potential for a short squeeze to the upside. he takes the attitude, which I agree with, that a failed pattern actually tells you more than a completed pattern. Right now I have no position in WTI.

  • Trading_Nymph

    F/X traders live for it, lol. Equities is only the tail of the dog.

  • Trading_Nymph

    And yet the global economy can’t match that…or even get close.

  • Trading_Nymph

    It could happen. North Korea could be a bigger elephant in the room for the shorts.

  • Trading_Nymph

    Can you ask them to short the entire market, lol.

  • Trading_Nymph

    I will be floating out too. Friday I will be at Disneyland and OMG SUNDAY I WILL BE AT HAMILTON!!!! (at the Pantages in Hollywood)

  • panther341

    Nice!