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 – August 26th, 2016



Posts : 17713
Thanked : 870
Join date : 2013-01-12

Market Talk – August 26th, 2016

Post by Lobo on Sat Aug 27, 2016 2:52 pm

Ahead of Jackson Hole a mixed response in Asia with a choppy day for the Nikkei. Initially, the Nikkei saw a sell-off then an attempted rally just after lunch but that was to fizzle-out eventually closing down 1.1%. The JPY remained in a tight range and continues to play with the par level. There remains a lot of speculation that we will hear more from the BOJ soon so best keep an eye on Monthly closes next week for future path. Shanghai and the Hang Seng both failed with attempted rallies and closed higher but way off intraday highs. Everyone is waiting for this afternoons news directly from Janet Yellen.
All core European indies opened weaker whilst anxiously awaiting the afternoons events. At worst the morning trades were around 0.5% lower but were back to unchanged by the time of the address. Ok, at last the FED decides the end is near! The stock markets all rallied figuring that we were talking “one and done” as we approached the days highs with the USD falling, Gold traded $15 higher and Asian futures followed in sympathy. Then, Vice Chairman Stanley Fischer spoke in an interview and claimed lets see how next weeks numbers go (first Friday in the month so we have Non Farm Payrolls). This was interpreted by the market to assume this could be the start of a series of rate rises. Immediately, stocks turned down, the USD strengthened, Gold dropped $25 and JPY fell lost 100 points and the Nikkei futures rallied 0.8%. Much of the weekend press will concentrate of what they heard today and expectations for next Fridays NFP number (expected +185k after a previous +255k; should see these estimates increased ahead of release).
The Bond markets were quite interesting today and certainly highlights where the concentration of risks lie. The belly (5yrs) of the bore the brunt of the selling today losing nearly 8bps with the wings holding relatively well.  2/10 closed unchanged as both added 5bp’s but interestingly 30years lost just 2bp. 10’s closed the day at 1.63% which took the US/Germany spread at to recent wide’s +170bp. Italy 10yr closed 1.13%, Greece 7.87%, Turkey 9.50%, Portugal 3.01% and UK 10’s at 0.56%.

    Current date/time is Fri Dec 02, 2016 12:57 pm