Home > Uncategorized > Nov 7, 2017 Japan is Partying like 1992

Nov 7, 2017 Japan is Partying like 1992

November 7th, 2017

Tonight Nikeii 225 hit levels last seen in 1992. Remember the Asian Crisis hit later because of the huge debt to gdp, BoJ I think forgot about that. Around the board, Shanghai Futures were up a small bit with Trump coming to China on Wednesday. Even with that Aussie, Kiwi pulled back. Oil is flat after destroying the “Warren Buffett/Bill Gates of Saudi Arabia” and trying to start a war with Iran, but futures are flat after being up in the Asian Session. Draghi was out talking about bad loans still around.

Uncategorized

  • Trading_Nymph

    Here is story about Iran and Saudies, IMHO it really looks like USA is pushing on someone to get a reason to get out of Nuclear Deal http://www.jpost.com/Middle-East/Saudi-Crown-Prince-Iran-supply-of-rockets-is-military-aggression-513577

  • Trading_Nymph
  • Trading_Nymph

    Panther I love this game so much because of all the knowledge we pick up from it about the world. The Prince was reading this book at the time of his arrest. I can’t wait to read it http://www.simonandschuster.com/books/Why-We-Sleep/Matthew-Walker/9781501144318

  • Trading_Nymph

    From Oil Price…The American Petroleum Institute (API) reported a draw of 1.562 million barrels in United States crude oil inventories, against an S&P Platts’ survey of analysts that expected inventories would draw down by 2.7 million barrels for the week ending November 3—continuing the drawdown that the market has seen in recent weeks.

    Gasoline inventories, according to the API, saw a small build of 520,000 barrels for the week ending November 3, against an expectation of a draw of 2.25 million barrels.

    Both WTI and Brent benchmarks were down earlier on Tuesday, but still near two-year highs as the market shows increasing faith that OPEC will be able to rebalance the oil market by extending the current production cut deal until the end of 2018. Disruptions in Iraq and Libya, as well as surprise arrests in Saudi Arabia—including of an Aramco board member—also lent a helping hand to support prices.

    Crude oil inventories have drawn down a total of 36.8 million barrels since the start of 2017, according to API data.

    The WTI benchmark was down .23 percent on the day to $57.22 at 1:28pm EST—almost $2.00 per barrel over last week’s levels. Brent was trading down 0.75 percent on the day at $63.79.

    Gasoline was trading down 0.23 percent at $1.813—almost 10 cents above last week.

    Distillate inventories saw a decline this week, down 3.133 million barrels. Analysts had expected a drop of 1.85 million barrels.

  • Trading_Nymph

    OMG…trumped up charges on Princes and Iran, from Yahoo…The United States called Tuesday for international action to hold Iran to account after Saudi Arabia accused Tehran of “direct military aggression” over a Yemeni rebel missile attack near Riyadh.

    The Iran-backed Huthi rebels also threatened to attack ports and airports in Saudi Arabia and the United Arab Emirates, escalating a crisis between Riyadh and Tehran.

    Saudi Arabia’s powerful crown prince had accused Iran of supplying missiles to the Huthis, which he said “could be considered as an act of war”.

    Iranian Foreign Minister Mohammad Javad Zarif retorted that “the allegations by Saudi officials were contrary to reality”, a foreign ministry spokesman said.

    Washington’s ambassador to the United Nations, Nikki Haley, said Tuesday that Iran had supplied a missile to the Huthis that was fired into Saudi Arabia in July, and referred to Riyadh’s claim that the weapon used on Saturday “may also be of Iranian origin”.

    “By providing these types of weapons to the Huthi militias in Yemen, Iran’s Islamic Revolutionary Guard Corp‎s is violating two UN resolutions simultaneously,” Haley said.

    “We encourage the United Nations and international partners to take necessary action to hold the Iranian regime accountable for these violations.”

    Saudi Arabia and Iran back opposing sides in wars and power struggles from Yemen to Syria.

    Soaring tensions between the key oil producers pushed crude closer to two-year highs on Tuesday and spooked Gulf markets.

    Europe’s top diplomat Federica Mogherini warned the mounting tension was “extremely dangerous”, and urged Riyadh and Tehran to seek a “minimum of common ground” on which to build peace.

    “I know that this is not the wind that is blowing as the majority voice in the world of today,” Mogherini told reporters at the EU mission in Washington.

    “But allow me to bring a little bit of wisdom as the European voice in a world that seems to go completely crazy here: It’s dangerous.”

    Saturday’s attack showed that despite a more than two-year Saudi-led bombing campaign and blockade, the Huthis retain missiles capable of striking targets deep inside the kingdom.

    The rebels’ warned that they considered Saudi and UAE “airports, ports, border crossings and areas of any importance” as legitimate targets.

    “We will not stand idly by — we will seek more radical means to prevent both the tightening of the blockade and all acts aimed at starving and humiliating the people of Yemen,” the Huthis’ political office said.

    The missile, intercepted and destroyed near Riyadh international airport, was the first to reach the Saudi capital and underscored the growing fallout for Saudi Arabia and its UAE ally from their involvement in neighbouring Yemen.

    The two are the major powers in a coalition that has been fighting the Huthis since 2015 in support of the internationally recognised government.

    Since Saturday’s attack, the coalition has tightened its blockade of rebel-held areas of Yemen, blocking UN-supervised aid deliveries despite urgent appeals from the world body.

    The coalition said it aimed to fill gaps in inspection procedures that enable “smuggling of missiles and military equipment” to the rebels.

    – ‘Catastrophic’ blockade –

    But the blocking of aid threatens some seven million people already on the brink of famine.

    The UN urged the coalition to lift the blockade as soon as possible.

    “If these channels, these lifelines, are not kept open it is catastrophic for people who are already in… the world’s worst humanitarian crisis,” said Jens Laerke, a spokesman for the UN’s humanitarian coordination office (OCHA) in Geneva.

    OCHA said the coalition had also asked it to clear ships from the rebel-held Red Sea port of Hodeida, a key entry point for UN aid.

    Laerke said fuel prices in rebel-held areas had jumped by up to 60 percent and cooking gas prices had doubled.

    The International Committee of the Red Cross also urgently called for humanitarian access to be restored.

    “Humanitarian supply lines to Yemen must remain open,” said Robert Mardini, who heads ICRC’s Near and Middle East operations.

    “Food, medicine and other essential supplies are critical for the survival of 27 million Yemenis already weakened by a conflict now in its third year.”

    Saudi Arabia is also embroiled in the biggest purge of the kingdom’s elite in its modern history.

    Dozens of high-profile figures including princes, ministers and billionaire tycoon Al-Waleed bin Talal were swept up in the weekend purge — just after the creation of an anti-graft commission headed by Prince Mohammed.

  • panther341

    Interesting, I had some good dreams last night!

    Yesterday ended up being a “chase my tail” accomplishing nothing day without much time around the computer. My cats were also being high maintenance yesterday. I moved some furniture and cats hate that! OMG. For 2 nights they have slept sitting on top of me. And this morning I was dreaming about sleeping on the sofa with all the cats on top of me, and with my neighbor Joan in the guest bedroom …. Why? And WHO was in my bed???? No clue – don’t remember that part of the dream! When dreaming I was really in my own bed!

  • panther341

    In case you haven’t heard: NYSE/ICE have started a FANG future as of today. https://www.theice.com/fangplus Seriously! It includes actually 10 stocks including the big chinese B’s: BIDU and BABA plus TSLA.

    Alot of brokers are making you pay for ICE data, or simply don’t let you trade ICE futures (which also include the soft commodities traded in London: coffee, sugar and cocoa). Reason their data feeds for just the futures are $1300 per year per retail customer. My broker pays all data fees except ICE (I use TDAmeritrade – which is a large broker) but they make you pay $110 per month for ICE data.

    So I won’t be trading FANG futures bcs I won’t pay $110 per month for data feed.

  • Trading_Nymph

    I have been chasing my tail for awhile, lol.

  • Trading_Nymph

    That must be the top for that trade? Fang Future omg

  • panther341

    My thought as well. Seriously.