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 – August 25, 2016



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

Market Talk – August 25, 2016

Post by Lobo on Thu Aug 25, 2016 6:48 pm

Neither the Nikkei nor Hang Seng could decide on a direction today as both flip-flopped between positive and negative territory. Only Shanghai was to remain lower for the whole day closing well above the days lows but still 0.5% weaker. Yesterday we heard that the PBOC added (through 14 day reverse repo’s) cash into the system, the first in around six months. Interesting that they did 14 day repo’s as there is also talk they may extend to 28 day and even longer. This just relaxes any pressure there maybe on the short-term market by extending along the tenor. Will also be viewed as negative for the currency, so watch for JPY as it may have an impassive tie.
In Europe we had German IFO released which provided the mornings direction. Expected at 108.5 the actual number came in way under at 106.2, which weighed on stocks for the remainder of the day. The DAX, at its worst, was down around 1.2% but recover some of that into the close to end the day -0.9%. Sentiment not just in Germany but much of Europe remains lethargic but many are hoping for direction to be supplied tomorrow. Ahead of Janet Yellen we also have German Consumer Confidence, Japanese CPI, Italian GDP and a second look at US GDP. . Many dealers are hoping we have some play ahead of the weekend. CAC and IBEX were just as heavy closing around 0.8% lower. FTSE held-up a little better (-0.3%) but then the currency did lose an additional 0.5% too.
US opened with only minimal losses but soon made it back to unchanged. Volumes were again extremely light despite much talk surrounding the FED’s potential move in sentiment tomorrow at Jackson Hole. We had economic data that was better than forecast with Durables coming-in at +4.4% when estimated was only 3.3%, which did pick the market off the lows. Volumes and movement however were extremely limited as we await forthcoming events.
The Treasury market has started to show some nervousness as we saw weakness at the front-end today. 2’s gave-up 3bp with 10’s only 1bp; closing the 2/10 curve at +79bp (10’s closing 1.58%). German Bunds were 2bp weaker closing at -0.07%, closing the US/Germany spread at +165bp. Italy 10’s closed 1.13%, Greece 7.89%, Turkey 9.50%, Portugal 2.95% and Gilts 0.57%.
There is a lot of talk surrounding Saudi Arabia’s proposed USD Bond offering. Rumours are to expect $10bn 10yr issue priced somewhere around IRS+200bp (Pricing very sketchy at present). That is where the demand is for quality credits, especially given that 2/30’s is the flattest it has been in over seven years.

    Current date/time is Sat Oct 22, 2016 10:24 pm