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.

Neno

NOTES:
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


Market Talk March 28th, 2016

Share

Lobo
Moderator
Moderator

Posts : 18038
Thanked : 883
Join date : 2013-01-12

Market Talk March 28th, 2016

Post by Lobo on Mon 28 Mar 2016, 4:08 pm

The Nikkei was the bright spot in Asian equity markets today closing up 0.8% whilst the JPY decline would have cost 0.3% of that gain. It was far better than the declines we saw in mainland China which closed -1.7%. Yuan gained small ground today and was last seen 6.5212. Given the majority of the markets were closed Friday and many remained closed today, volumes were expectedly light. In late US trading the China 300 (futures) trades +0.7% higher than the cash close earlier today.
European futures were in play today with DAX eventually losing a lot of the recovered ground in the morning session only to close the day small down. Volumes were again very light but that is to be expected when core markets are absent. Most core cash markets closed.
Stocks in the US were quiet also trading within a very tight range. This ahead of a very busy week of speakers, data and supply.
Oil was down around 0.8% at one stage but that came back into line just by the close. Gold saw a $7 rally to close $1220 around the highs of the day.
 
US Treasuries gained (in price, lower yield) ahead of tomorrow speech by FED Chair Janet Yellen but also after supply. Earlier we saw $26bln of 2yr notes at average yield of 0.877%. The bid to cover was only 2.58%, lowest in over 8yrs. 10yr notes also better bid on the day closing 1.88% (-2bp from last week). The curve 2/10 closed 101bp (2bp flatter than last Thursday. We have had a few FED speakers recently alluding to an April rate increase so the market will listen with bated breadth as Yellen speaks tomorrow on economic and monetary policy.
 
USD suffered a little today after softer economic data than expected. Inflation cooled last month dipping 0.1% in Consumer Spending – after a +0.1% release in January. We await further direction tomorrow but todays was a reason the DXY lost 0.3%. Core losses were against GBP and Swissy 0.75% and 0.5% respectively.
 
Gold opened below our opening pivot and traded up to it to test resistance after making a new low this week from the March high. We remain in a critical staging position in many markets as we approach the end of the first quarter on Thursday. We have reached the point of no return which separates the men from the boys in many markets. The Fed is still struggling between surrendering its domestic policy objectives for international policy lobbying. With capital still in flight to the dollar overall as evidenced by the Dow not penetrating last year’s low compared to the S&P500 and the NASDAQ and the BREXIT vote coming up as the European Migrant Invasion continues to tear the EU apart at the seams, the Fed will have to deal with the consequences of international political chaos impacting capital flows.
https://www.armstrongeconomics.com/market-talk/market-talk-march-28th-2016/

    Current date/time is Fri 09 Dec 2016, 11:24 am