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zdo

Dume

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It seemed to me that the participants of the Doom and Gloom ??? thread in the Trading and The Markets subforum were simply not committed, so I figured it best to start a Dume thread… Glume is not necessary, btw.

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Who is the idiot who said “we’re already over the cliff”… that the landing is the issue now… ???

 

Cliff… why cliff imagery? What happened to declining ala going down a steep hill?

Are your perceptions being manipulated?

How many posters would actually say “we don’t have to reach a deal” ?

 

charles hugh smith-The Fiscal Cliff and the Grand Bargain

 

... and why are there always 3 guests on every thread I go to now :roll eyes:

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double posting this for its dume appeal

 

[ame=http://www.youtube.com/watch?v=wJdgudIUHzs]The Day the World Ended - WW3 Simulation - YouTube[/ame]

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You can continue to play as long as you realize that Dume is only one of many possible outcomes. The least likely outcome is an end of the world scenario. Hard to say what the most likely scenario is other than status quo.

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double posting this for its dume appeal

 

 

-Iran demands gold for oil

 

Actually they are already doing that...Since Iran can't transfer cash from Turkey, they are buying gold and transferring that way...read some news about this a few days ago...

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You can continue to play as long as you realize that Dume is only one of many possible outcomes. The least likely outcome is an end of the world scenario. Hard to say what the most likely scenario is other than status quo.

 

Yep… only one of many. The “end of the world scenario” does remain out in the tails.

 

In my analysis, we're coming up on 160 years in the current 'crisis'. The duming I’m duming is because, for far too many, the highest probability is that we will continue to maintain the status quo … I personally just don’t see it lasting 100’s (or even 10’s) of years. Paraphrasing a TL poster in the Doom and Gloom thread `Things aren’t dire… We can print money for 20 more years before a real reckoning’

… Even ‘primitive dumb ignernt’ american indian nations did something ‘now’ if they knew something harmful to next or future generations was coming… but today, for some reason, it’s best to not join in any questioning of the way things are… of the status quo… just be cbs-reasonable with your lies… never inflammatory…

 

Yes, the U.S. dollar is alive and ticking for now…
The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

 

party on bitchez :rofl:

Guest Post: We're Heading For Economic Dictatorship | ZeroHedge

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… Even ‘primitive dumb ignernt’ american indian nations did something ‘now’ if they knew something harmful to next or future generations was coming… but today, for some reason, it’s best to not join in any questioning of the way things are…

 

Yeast will thrive and multiply in a warm sugar solution, defecating alcohol until the levels reach toxicity (what's that, about 14.5%?). Then the yeast is poisoned and dies. Self-poisoning in a confined environment is in the nature of its being.

 

Similarly, it is in the nature of human beings to be short-sighted, rapacious, and self-poisoning. That's what 'thriving' as a human appears to mean.

 

Though they were perhaps great American Indians, they seemingly weren't very good humans. The notion of sustainability absolute is one without telos, and those who adhere to such concepts are, ironically, usually the ones who get wiped out first.

 

BlueHorseshoe

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if you want to survive in the coming doom - be prepared to hunker down, be opportunistic and wait it out. But then i would rather enjoy my life now and probably not want to survive.

 

if you want to thrive in the coming doom - be opportunistic and join those who will thrive - probably the lawyers, government officials and other such useless parasites. But then i would rather enjoy my life now and probably not want to survive

 

if you want to just enjoy the status quo as you dont think the doom and gloom is as bad as it might be - then i would rather enjoy my life now.

 

Its the old doomsday scenario - who the f...k wants to survive a comet, nuclear war, world plague of the walking dead.

If its simply financial well then thats a different story and the best you can do is diversify as who knows which government will seize which assets and when - do you?

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Yeast will thrive and multiply in a warm sugar solution, defecating alcohol until the levels reach toxicity (what's that, about 14.5%?). Then the yeast is poisoned and dies. Self-poisoning in a confined environment is in the nature of its being.

 

Similarly, it is in the nature of human beings to be short-sighted, rapacious, and self-poisoning. That's what 'thriving' as a human appears to mean.

 

Though they were perhaps great American Indians, they seemingly weren't very good humans. The notion of sustainability absolute is one without telos, and those who adhere to such concepts are, ironically, usually the ones who get wiped out first.

 

BlueHorseshoe

 

BlueHorseshoe,

excellent points … reminded me of

charles hugh smith-When Escape from a Previously Successful Model Is Impossible

 

… ‘confined’ environment(s) may be a good place to start describing a whole bunch of the potential dume

 

zdo

 

ps: btw consensus 'appearances' aside - that is not thriving :helloooo:

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It is not as if the rest of the Non US world is sitting on a pile of dollars that do not want and will one day not want them because they are losing value. The dollar's shrunken value is already accounted for in world markets via the goods and services that are traded with dollars. At this point we are in the process of refinancing all our debt at near zero interest rates.

 

The real question is: What is the haircut that our creditors will accept in the comming years? 20%, 50%

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...The real question is: What is the haircut that our creditors will accept in the comming years? 20%, 50%

 

that's a curious question MM

For a moment step into 'creditor'

What "haircut" would you be willing to accept?

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that's a curious question MM

For a moment step into 'creditor'

What "haircut" would you be willing to accept?

 

It would depend on how badly my economy would suffer if I decided to stop trading with you. I suspect that in most cases it is best that I allow you to kick the can down my road if you owe me money, until a more stable trading partner emerges.

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BlueHorseshoe,

excellent points … reminded me of

charles hugh smith-When Escape from a Previously Successful Model Is Impossible

 

… ‘confined’ environment(s) may be a good place to start describing a whole bunch of the potential dume

 

zdo

 

ps: btw consensus 'appearances' aside - that is not thriving :helloooo:

 

Cheers for the link, ZDO.

 

BlueHorseshoe

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...I suspect that in most cases it is best that I allow you to kick the can down my road if you owe me money...

 

… In that case, when you do your budgeting, probably best to go ahead and write down 66 – 98 % of your principle

 

… fiat ‘depreciation’ + (partial) defaults + ... = approx :2c:

 

... still tripping over yourself to let me refinance at < 0 % rates ?

 

 

...supporting or "pursuing opportunities of the past only speeds the dissolution of any Status Quo that depends on spent models of growth."

charles hugh smith-Pursuing Opportunities of the Past

 

... but that ain't dume...

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Nobody - NOBODY - speaks ty like ty :rofl:

 

The verdict is in and the man-made disaster that is creeping socialism just got a green light in the world's largest economy! The SOMETHING for Nothing society known formally as the United States of America and controlled by what Vladimir Lenin called USEFUL IDIOTS (products of centrally controlled public schools taught the VIRTUES of socialism as beneficial) have now elevated their chosen REPRESENTATIVES as slave masters (at the point of a government GUN) to the last vestiges of the private sector that still produce more than they consume.

 

The TAKERS (people who consume more than they produce) of our society now own the MAKERS (people who produce more than they consume) lock, stock and barrel. This is a recipe for ECONOMIC and SOCIETAL failure which will ACCELERATE from this point on.

Many progressives and government agencies have told us Clinton-era taxes don't matter while ignoring all the other issues that have changed since his presidency. Like a 50% PLUS increase in the federal regulatory state and the approximate growth of government by OVER 100% since he left office!

 

"A great civilization is not conquered from without, until it has destroyed itself from within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars."

~ Will Durant, The Story Of Civilization III, Epilogue, 1944

 

Read that quote very carefully as it is the description of the developed world today. In just the last 90 days 6100 regulations where inserted into the federal register and since the election more than 1,900,000 million acres of oil and gas shale on federal lands have been removed from energy development. They just happen to be the most abundant areas for energy development.

 

Bureaucratic despotism is looming large with over 80,000 PLUS pages a year in NEW REGULATION in the first four years and unbridled creation for four more. Prosperity, capitalism, competition and innovation PROHIBITED by LAW!

 

...

 

Wow a bull market in PROGRESSIVE government sponsored pain to entrepreneurs, small businessmen and JOB creators since the chosen one was elected. Obam@care, Dodd Frank and the stimulus bill (expansion of government by 25% since 2008 when the chosen one was elected) are now IRREVOCABLY enshrined in STONE. This bull market is set to EXPLODE higher!

 

As their tentacles reach deeper and deeper into the economic fabric of Amerika they will SQUEEZE the life out of their respective purviews and enshrine political controls over practical policies. Also known as Bureaucratic DESPOTISM. They are Chicago- and Illinois-style political corruption brought to the national stage. The results will be the same! Collapsing economies and exploding insolvencies, just like ILLINOIS...

 

Now those (BAD) things are in the process of changing human behavior. As the takers FEEL the pain as it will ALWAYS ratchet higher until they change their thinking, actions and their support for socialist welfare government. For the makers it will be reflected in a capital strike until central government bureaucrats reverse course and confiscatory taxes and DESPOTIC regulations are ROLLED BACK!

 

As an Austrian economist I actually BELIEVE the fiscal cliff must be implemented and ADD more SPENDING CUTS to restore the potential for MORE sound money (rather than less sound)and the growth potential of the USA. If not cut government and deficit spending now, the question becomes when? The Answer is NEVER as long as leviathan governments and progressives control both sides of the debate (republicans and democrats, Tories versus liberals, etc.).

 

The left and the right are the Gotti's and Gambino's fighting turf wars known as elections to see whose special interest supporters get the front row FLEECING the PUBLIC and private sector. Crony capitalists play BOTH sides of the isle.

 

Just today a parade of trade unions and hard core socialists (UAW, AFSCME, AFL-CIO, SEIU, moveon.org and several more) are visiting the WHITE HOUSE to decide how they will carve up the public purse and political opponents. A wall street journal report today reports the outcome was DON'T BLINK, take the money from the private sector and give it to US. WE put you back into the driver's seat and now it's time to pay your supporters with plunder taken from the VANQUISHED.

 

The next parade of crony capitalists at the WHITEHOUSE then emerged led by Warren Buffet and the CEO's of the largest companies in the USA. Most of whom dodge the taxman almost entirely through earlier regulatory and tax favors bestowed to them from previous episodes of lobbying and campaign support (disguised bribery). Supporting the president in socking it to the small businessmen who really drive the economy and cannot weasel their way out of paying taxes as individuals.

 

The chosen ones most senior advisor is a woman named Valerie Jarrett. An old style Chicago gangsta politico. Here are her own words on what lies ahead:

"After this election, it's our turn. Payback time. Everyone not with us is against us, and they better be ready because we don't forget....the ones who opposed us will get what they deserve...there will be hell to pay. Congress won't be a problem for us this time...No election to worry about after this is over, and we have two judges ready to go"

~ Valerie Jarrett, Obama's closest and most senior advisor, during a recent meeting with the administration's senior staffers.

 

Echoing the chosen ones comments Dmitry Medvedev Russian president to Vladimir Putin about more FLEXIBILITY after the election also known as selling out the American people's security. He was referring to missile defense, but it applies to everything.

This is arguably the most powerful woman in the world unbeknownst to many; the president does whatever she and Michelle tell him to. Do you think that signals an era of bipartisanship? Compromise? If it didn't happen after the 2010 election don't expect it NOW! Now let's look at another confidant's recent comment:

"All whites are going to hell."

~ "Rev." Joseph Lowery, Obama confidante and pastor

And the chosen one himself

"Vote for revenge!"

~ Obama

 

Progressive Corrupt supermajorities have emerged in Illinois and California state governments, and now the collapses will accelerate in those places as well. Both states are DROWNING in RED INK and totally and completely operating in INSOLVENCY. NOW completely unconstrained by the checks and balances of government their drive to GREEK like debacles will accelerate.

Of course the bureaucrats will fail and with their failure so will the healthcare, energy industry and financial systems. They have failed with the post office, social security, the public schools, Medicare, Medicaid, energy policy and everything else they have taken charge of to PROTECT you!

...

Central Planning run AMOK, devised by Washington DC (District of Corruption)

Please tell me one of these areas were there has been improvement while in government hands. Prices have exploded and quality of product has DECLINED; now we can add private sector healthcare and the financial system to their VICTIMS list.

 

Now the USEFUL IDIOTS will find out the true costs of supporting socialism and government control of the private sector. It's called the NEXT LEG DOWN IN THE ONGOING DEPRESSION.

 

Revenues/sales are in free-fall and earnings are sure to follow. Now know why layoffs are skyrocketing in the last several months and gone into orbit since the chosen one has been REELECTED. What does industrial production do to confirm other indicators (illustrations courtesy of the New York Times and http://www.wsj.com):

year over year numbers ... put official GDP numbers to the test. REAL growth has gone the way of the DODO bird. Only one economy has fractional growth: the United States, where the ministry of truth has been supporting the chosen ones REELECTION with official MISINFORMATION.

 

In Closing: The DEVELOPED world is now firmly in the hands of something for nothing constituents and their socialist masters in their respective capitals. As the economies they inhabit cascade lower under their policies past, present and future misery will be spread widely. Misery spread widely is the product of socialism as real growth DISSAPEARS and Money printed out of thin air fills in for the lack of income growth.

 

It is paid for in a variety of ways but the bottom line is the money you are paid and store your wealth in buys less and less while you balance in the bank stays the same. As politicians loot and plunder the private sectors to pay the unpayable promises and support those that don't produce by enslaving those that do for the CRIME of leading a prudent and productive lifestyle. Creating DISINCENTIVES to do so in the present and future.

As the economic and societal implosions unfold more and more of the private sector and freedoms will be seized to SAVE you. It is only beginning.

 

The Fiscal cliff is a bogus issue. Think of the absurdity of our leaders in the public and private sector viewing living within their means as UNTHINKABLE. Never ending borrowing and spending to expand government and control YOU. The developed world is now dominated by something for nothing societies and the public serpents...er...servants that reflect them. A ride over the cliff was the plan in the first place.

What was a TEMPORARY capital, investing and job creating strike by the private sector in the United States BEFORE the ELECTION will now become a PERMANENT one. Small business is done and will not revive under the current administration in Washington DC (District of Corruption), or progressive states. In fact, their hell just got a LOT WORSE! They stand to be absorbed and PUT out of BUSINESS by politically connected crony capitalist's ala the "CHICAGO" way.

 

The chosen ones goal is not to spur ECONOMIC growth and job creation. It is to foment ECONOMIC collapse, grow government DEPENDANCE, gather power as the man-made disaster unfolds, gather power, take freedoms and REDISTRIBUTE what wealth is left to the special interests that who put him in charge. Google the words: Cloward-Piven strategy for more info.

 

The PROGRESSIVE government PYTHON has and is finalizing wrapping itself around and throughout the PRIVATE economy, now it is about to squeeze the life out of it!

The banking, finance and healthcare industries will be Unrecognizable to you in four years. If you are a supporter of BIG government you will be helped and if you aren't YOU won't! Declining living standards and people at each other's throats will continue to escalate as poverty unfolds. Societal Chaos looms. Do you live in a gated community?

 

"Lift Debt Limit to Infinity" Treasury secretary Tim Geithner

You can expect an unlimited debt ceiling to be enacted SOON with no spending reforms implemented. The printing presses are about to go into HYPERDRIVE!

Fed monetization cannot be withdrawn without causing a collapse of insolvent governments and the financial system. What will happen if the Baby boomers do not escape the future with their stock, bond and real estate wealth?

 

In purchasing power terms they have ALREADY lost 75-80% since 2000, now the elites in charge will TAKE the rest of it by doubling down on their disastrous policies... This is HISTORY REPEATING and a HUGE opportunity to those that embrace it and a huge loss to those that don't...

 

TedBits Newsletter: December 2012 - Volume 1 | Ty Andros | Safehaven.com

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Let’s check with the past masters of propaganda

Obama's Soviet Mistake - English pravda.ru

 

President Vladimir Putin once said the following...

Unreasonable expansion of the budget deficit, accumulation of the national debt – are as destructive as an adventurous stock market game.

 

During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself.

 

centralized management at work ( and it's spreading even faster now!)

Mainstream Media Finally Reports On GM's Channel Stuffing Scandal | ZeroHedge

 

ie if you think forced transfer of ownership, partial / practical default on debt, and an infusion of taxpayer money that really will never be paid back fixed GM - then maybe just maybe you should put me on bignore...

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Propaganda: Maintenance of the way things must seem for a corrupt / lying / dying / dysfunctional system to maintain the status quo.

"Propaganda is to Democracy, what the bludgeon is to the Totalitarian State."--Noam Chomsky

 

Since this is a ‘globle’ process, for just once, let’s use US’s peers across the pond for examples… they just happen to be currently in the lead in the race to the bottom…

 

Lies reasonable lies

Europe's Jean-Claude Juncker is best known for being the pathological liar head of the Eurozone. And who can possibly forget his immortal line, which he uttered after getting caught with a bold faced lie about the stability of the failed European project, that

"when it gets serious, you have to lie",

which he later explained with the even more insane,

"My main concern is to protect people from detriment. That's why I feel practically compelled to make sure that no dangerous rumors begin to circulate. I'm certainly not going to go to confession because of a false denial... "

 

Well, for once it is Juncker who made the horrible mistake of actually telling the truth. And none other than the Chairman of the Fermentation Committee Art Cashin was there to memorialize it:

 

From UBS:

 

One Sentence Perfectly Describes The Quandary On Three Continents – The ultimate award for candor and honesty must go to Jean-Claude Junker (Prime Minister of Luxembourg) who apparently said –

"We all know what to do, we just don't know how to get re-elected after we have done it." That say's it all.

 

For once we applaud Juncker's honesty because in one short sentence that would even fit in a Tweet he has explained pretty much everything those who believe anything they are told by the sinking status quo should know.

 

Cashin Catches Juncker In Rare Truth-Telling Act, Confirming Everything Is A Lie | ZeroHedge

 

Since we're in Euroland for a bit, let's look at some of their fiat lies...

Testosterone Pit - Home - Ten Big Fat Lies To Keep The Euro Dream*Alive

 

the dumn truth looks more like

The Alarming

'pauperization' of France...

and that is coming to a western power near you.

 

 

If you’re not attuning to the lie-ee-ness of every news broadcast, then you are dume.:)

 

Peeps – if you’re not a ‘statist’ at 20 you don’t have a heart… If you’re still a ‘statist’ at 30, you don’t have a brain.

:helloooo:

and you're not as helpless / powerless against lies as you might first feel...

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so we are all doomed - tick.

 

Assuming this.....

Any solutions for the individual you might offer if the status quo continues

 

- apart from revolution and the other rubbish that idealists/extremists usually sprout off, or perpetual reading about buying real assets - and only those that you can secrete up your ass when you cross the border? :)

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SUIYA, re "Any solutions for the individual ... ?"

pm coming... someday... since it appears you have already rejected

Move your wealth off … off grid, off line, off shore, off books, off… which is so stupid only a few stupid people are doing it.

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Propaganda = all those pre election ‘employment figures’

most don’t want to hear it, but

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row - BlackListedNews.com

The Mysterious Case Of America's Negative Real Wage Growth | ZeroHedge

is much closer to the truth. ...

Do you know how many times the 1930's recession was 'over' before it was really over?

Officially... 3 times. Unofficially, in the WSJ, ... 6 times :doh:

Real Estate: Is the Bottom In, or Is This a Head-Fake? | Peak Prosperity

 

2012: The Real Threat ? It?s Not What You?ve Been Told - BlackListedNews.com

but that’s just societal ‘ruin’ – that ain’t dume

 

Now this is dume

… the dume of complicit two faced mayan clergy trying to weasel out of it now :rofl:

End of the World? Hear the 2012 Prophecy

How do you hedge your prophecies ?

 

meanwhile… the directed stream of content flows on, just for you, quo …

Vatican Seeks World Government and a New World Order

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This is not your dad’s brain on status quo.

Articles: Obama and Slavery

 

 

… especially if you went to public schools

 

'...first time zdo has mentioned slavery since the early days of Not Just Another Release thread... sht pretty soon he'll be reopening that stupid DOW _____ Spread thread..."

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    • USDJPY Remains Biased To The Downside   USDJPY faces further price weakness despite its price hesitation on Tuesday. On the upside, resistance comes in at 109.00 level. Above this level will turn attention to the 109.50 level. Further out, we expect a possible move towards the 110.00 level on a break of that area, A cut through here will open the door for more gain towards the 110.50. On the downside, support lies at the 108.00 level where a break will target the 107.50 level. Below that level will turn focus to the 107.00 level and then lower towards the 106.50 level. On the whole, USDJPY faces further downside threats.        
    • Sterling Advances Barely Hours To UK Elections As Latest Poll Predicts Conservatives Win In just two days from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the parliament which will make the Brexit deal pass through easily. As the clock ticks, with barely less than 48 hours to this epochal event, the newest poll by Survation conducted for ITV’s good morning Britain show predicts a Boris Johnson win by 14 pts. ahead of Jeremy Corbyn‘s Labour party. The Brexit deal seemed to give the conservatives an edge as it accounted for 32% of the vote decision while NHS gave Labour party a slight edge. On the overall, a majority vote of 42% was predicted for the conservatives while Labour had 28%. Market Reaction as the Clock Ticks Optimism looms in the market as the prediction of a conservatives win will ease Britain’s exit from Europe by January 31 deadline. The EUR/GBP pair continued to fall till the early hours of today breaking the 0.8411 trend line targeting the 0.8149 resistance level. GBP/USD pair rebounded to consolidate briefly targeting 1.3381 resistance levels. Technical analysis within a 4-hour MACD shows that both pairs may likely touch down. CAD edged slightly higher advanced by USMCA news but yet to consolidate gains. The USD against a basket of five major currencies held steady awaiting FOMC’s minutes due out tomorrow. Against a basket of currencies, NZD’s dominance is the highest. Sterling also gained momentum firmed up by approaching UK elections. The safe-haven, the Japanese yen, and Swiss franc remain pressured as major events that will shape the market for 2020 are been anticipated. On the Asia side, significant market activity wasn’t recorded as most currency pairs held steady within a day’s range. In the Asian stock market, not so much activity was recorded being weakened by recently released Chinese PMI numbers. Most of the indexes closed a little lower while US stocks rose swiftly after Friday’s release of US non-farm payroll reports. The outcome of the December 15 deadline set by the US for the signing of a preliminary trade pact will determine the week’s direction and even further into the year 2020. Also due out later in the week is UK GDP figures and ZEW released out of Germany.
    • Date : 11th December 2019. FOMC Preview – 11th December 2019. FOMC Preview No policy changes or surprises are expected with today’s announcement (19:00 GMT) and Chair Powell’s press conference 30 minutes later. It will be interesting to see if, as expected, the voting is unanimous this time round. The FOMC members have expressed significant differences of opinion during 2019 as three rate cuts were implemented.  The apparent paradox of low unemployment and low inflation, the new “norm”. The two-digit unemployment rate (U-3) in November edged down to 3.53% from 3.56% in October, and a 3.52% cycle-low in September, all below the 3.58% prior cycle-low in April and a 4.00% rate at the beginning of the year. Current readings remain much lower than the 4.2% long-run unemployment rate projection noted in the September SEP, it is expected that this estimate will be trimmed today. Headline CPI rose 0.4% in October while the core index rose by 0.2%, for respective y/y gains of 1.8% and 2.3%, versus September figures of 1.7% and 2.4%. Today the November headline is expected to fall again to 0.2% and the core remains flat at 0.2% too. The Fed’s favoured inflation gauge, the PCE chain price measure, rose 1.3% y/y in October and expectations are for an uptick to 1.4% in November. The core PCE chain price measure rose 1.6% y/y in November, versus 1.7% in September, and expectations are for the pace to hold at 1.6% in November. The FOMC’s latest median estimates for 2019 inflation are 1.5% for the headline and 1.8% for the core. Hence, the focus will be on the Fed’s new quarterly forecasts, with expectations raised and likely to be mostly bullish results with a bump up in the median growth projection and a drop in the median dot to reflect a steady stance through 2020. However, the individual dots are likely to show both, forecasts for cuts and hikes. Chair Powell is expected to reiterate the US economy and policy are in a “good place,” (a phrase he has used a number of times lately) and could sound a little more upbeat after the strong jobs report. But, he will continue to warn of downside risks. The FOMC isn’t likely to announce any new measures on reserve management operations (QE?) or a repo facility. All steady into 2020 and beyond. USDIndex remains biased to the down side but has support around 97.40 and the 200-day moving average. A breach of this key support zone brings in 97.00 and the October low of 96.85. A break over 97.80 (the confluence of the 20 and 50-day moving averages) and 98.00 would be required before a re-test of the recent high at 98.50 could be considered. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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