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

Market Talk as of Close of April 13th, 2016



Posts : 17743
Thanked : 871
Join date : 2013-01-12

Market Talk as of Close of April 13th, 2016

Post by Lobo on Thu 14 Apr 2016, 3:06 pm

JPY remained the focal point for Asia, well that was until the market realized it had finally turned. The JPY took out the 109 handle and dealers were less concerned and comfort returned to the Nikkei. The session went from strength to strength closing up almost 2% on the day. The Shanghai and Hang Seng performed closing up over 2% on better than expected data but the HSI was especially strong closing up 3.2% on the day.
It really was no surprise that Europe opened strong with previous safe-havens losing ground as markets loaded-up on risk. Strong Export data helped Energy, Miners and Banks following on in the firm belief that we have finally turned the corner. The French CAC closed up 3.3% and Italy’s MIB was up 4.1% as we saw strong gains in the banking sector. DAX and FTSE saw gains of 2.7 and 1.9% respectively with FTSE gaining on the back in the Energy sector mainly.
Given that Europe is now convinced China has turned the corner (strong overnight Export data) and following the gains seen in Europe the cash Dow opened well and after a small respite (Retail Sales), finally took the bull by the horns and marched firmly higher. DOW closes up 1%, along with the broader S+P while the NASDAQ closed up 1.5%.
Oil drifted after yesterdays move closing down around 1.5% and we also Gold lose some of its recent attraction as a safe-haven. Closing down today 1.2% sees the price around the $1233 level having rejected the Weekly Bullish Reversal.
The  Bond Markets did have a little wobble early in the session on the back of additional supply but managed a recovery by the close. Again we are seeing a pattern of “Good data – Curve flattens” and today was no different. US 2’s closed 0.75% whilst 10’s closed 1.76% marking the 2/10 curve at +101bp. 10yr German Bunds closed 0.13% (-3bp) on the day. This closes the spread US/Germany at +163bp. Italy 10yr closes 1.29% (-8bp), Greece 9.05% (+21bp), Turkey 9.34% (-9bp), Portugal 10’s 3.21% (-21bp) and Gilt 10yr 1.42% (-2bp).
Given the renewed confidence the DXY experienced a strong rally pushing it back just over 95. GBP and JPY lost around 0.5% the pair.

    Current date/time is Fri 02 Dec 2016, 6:25 pm