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 week

Top posting users this month

Ad Space M-4

Market Talk – September 6th, 2016



Posts : 16651
Thanked : 812
Join date : 2013-01-12

Market Talk – September 6th, 2016

Post by Lobo on Tue 06 Sep 2016, 7:00 pm

We could be about to enter some interesting times as we settle back post holiday season. We are looking at a possible return to volatility especially after a clear message from the G20 that they are frozen in the headlights. Asia started us off with the Nikkei rallying, closely followed also with positive performances for both Shanghai and Hang Seng (which closed at yet another high). We did see a strong recovery in the JPY +1.3%, whilst the AUD gained +1.3% after the RBA left rates unchanged
We were doing reasonably well ahead of the US markets opening with most core European indices trading well. However, all this was to change upon the ISM (Non-Manufacturing) which really disappointed. Expectation were for a print of 55.5 but release was 51.4 and saw Business Activity at 51.8 v’s 58.8. European banks had a rather poor day Deut Bank -2.6%, Cmtz Bk -1.8%, BNP -1.4%, Banco Santa -1.3%, HSBC -2.3% BBVA -1.3% Barclays -2% all weighing on markets. Core indices eventually closed CAC -0.2%, DAX +0.14%, FTSE -0.8% and IBEX -0.6%. Both the Euro and GBP performed against the USD today gaining 1% a piece.
The US was unsure in the opening few hours initially trading lower following a weaker US Dollar but with much talk around Donald Trumps comment over the weekend of a “False Economy”. By close of business and with Tech’s (NASDAQ) leading the way all indices closed firmer. DXY closed 94.83. Commodities reflected a good day given the currency hit with Gold +$30 (+2%), Silver +4% and a rally in the US Treasury market all on the back of the ISM report.
US Bonds bounced around 5% on the news with 10’s gaping from 1.62% down to close around 1.53%. US 2/10’s closed +80bp. Over in Europe we continue to see the ECB playing the lead role but will be interesting to hear what Mr Draghi has to say on Thursday. 10yr Bund was last seen -0.11%; US/Bund 10yr closes +164bp. Italy closed 1.08% (-7bp), Greece 8.05% (+10bp), Turkey 9.39% (-7bp), Portugal 2.97% (-5bp) and UK Gilt 10yr closes 0.66% (-6bp).

    Current date/time is Fri 28 Oct 2016, 1:26 am