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 – September 23, 2016



Posts : 17858
Thanked : 877
Join date : 2013-01-12

Market Talk – September 23, 2016

Post by Lobo on Fri 23 Sep 2016, 4:45 pm

Today was the first day that the Nikkei cash has had to reflect upon the FED’s decision, as was closed Wednesday for a national holiday. Todays trading result was a small decline (-0.3%) which on the heels of the 2% rally Wednesday was quite refreshing. The other core markets also saw a small decline with the shanghai and Hang Seng both closing -0.3%. In late US trading we continue to see small selling but with volume very light and the weekend upon us, it is hardly worthy of discussion. The Shanghai continues to play at the 3k mark but with many markets making similar holding patterns it is only time before we make a decisive break.
Despite more weak data the USD continues to be the beacon for demand. Today it was the turn again, for the GBP to suffer, losing 0.9% to close again below the psychological 130 figure threatening the BREXIT break levels (128.00). FTSE performed best but that is because the GBP had already taken the heat. Interesting that because it is not a sudden move the GBP has not really made that much of CAC and DAX both lost around 0.5% whilst IBEX cost the most at -1.2%. The DAX opened almost unchanged and did attempt to rally but as the day wore on and oil started to slip, the market bailed to the selling as financials led the way, yet again.
US stocks traded heavy for most of the day and the selling increased in sympathy as oil declined (currently down 4%) but has had a reasonable run for the week. On the year the DOW closes a little over 5% up which on the twelve months is over 10%.
Now that this could turn into the most expected hike in years, could the markets be pricing it already? Despite the FED play, the market reacted to Wednesdays comments by pricing in the probability of a December hike at 68%, up from the previous 55% ahead of the statement. The bond markets have reacted with bull flattening as the chase for yield returns, along with credit tightening (for quality names).
10’s US closed 1.62% (-2bp), German 10yr Bund closed -0.085%; closing the US/German spread at +170.5bp. Italy 10’s closed 1.21% (+2bp), Greece 8.23% (-3bp), Turkey 9.29% (+6bp), Portugal 3.35% (+1bp) and 10yr Gilt closed 0.725% (+2.5bp).

    Current date/time is Mon 05 Dec 2016, 8:30 am