Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Ad Space M-1

Board Rules

October 2016


Calendar Calendar

Ad Space M-2

Revv Worldwide

IQD/Oil/Commodities Charts


Ad Space M-3

Top posting users this month

Ad Space M-4

Market Talk March 2nd, 2016



Posts : 16525
Thanked : 805
Join date : 2013-01-12

Market Talk March 2nd, 2016

Post by Lobo on Wed 02 Mar 2016, 6:39 pm

Posted Mar 2, 2016 by Martin Armstrong

Asian cash markets followed their positive futures run from US trading session was met with strong openings across the board. The PBOC set the Yuan exchange rate at 6.5490 and even a ratings down-grade of China could not stop a 4.2% higher close. The Nikkei was also up over 4% but we did see weakness from 112 to 114.5 in the exchange rate. Major exporters benefited from the Yen weakness with the like of Toyota and Honda closing around 5% better. The Hang Seng was not quite so fortunate but still closed a healthy 3.1% up.
In Europe we saw strong openings across the core but by mid-morning were looking for our next storey. We dipped in and out of negative prices after lunch but was the result of the US ADP release, we were told. DAX opened strong but had given all back by lunchtime. FTSE never really managed to find a gear all day, whilst the IBX returned a strong performance to close up 1.8%.
By the close of trading away from Spain core was a mixed bag of results.
In the US the ADP report (190k estimated but actual release was 214k) certainly helped sentiment and more importantly, retained the recent rally. After earlier losses all markets have recouped lost ground and are closing small higher on the day.
US Treasuries were sold again today but it was the front-end that suffered most. The 2yr note lost (price gained yield) 5.5BP to close at 0.85%. The 10yrs lost ground but only 1BP, which closes the 2/10 spread at 99BP (6.5BP tighter than yesterdays close. 10yr German Bund closed 0.21% so the spread US/Germany closed +164BP. UK Gilts closed 10yr at 1.47%.
Gold is closing near the highs of the day at $1243 (+$12 or 1%). Oil showing a strong close also last traded at $35. Nat-Gas still trades weak last seen 1.67 (+4.2%). USD turned around midday in what was looking like a strong day for it but afternoon losses against JPY, GBP and some EM currencies reversed many recent large scale moves.
Tomorrow we see Retail Sales in Europe (1.3% expected) and in the US we will see Weekly Jobless claims (271k estimated).

    Current date/time is Sun 23 Oct 2016, 11:14 am