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 – October 14, 2016



Posts : 16471
Thanked : 805
Join date : 2013-01-12

Market Talk – October 14, 2016

Post by Lobo on Fri 14 Oct 2016, 4:59 pm

What appeared to be an uncertain start turned into smiles and hugs all around. The Nikkei opened unchanged and drifted into the red for a short time until the weaker JPY helped exporters and even late in US trading remains above the 104 handle. Shanghai also went from strength to strength and the Yuan continues its drift and a little weekend profit-taking lifted prices together with sentiment. In late trading all core Asian indices remain firmer. Earlier additional Chinese data helped revive confidence after we saw a 1.9% print for September CPI, which still estimates a 6% growth rate.
Europe just accepted the Asian bounce and was happy to run with it. Initially, all core indices were equally matched up around 1% but it was FTSE that broke that mold. The UK economy has been a hot topic again today with comments from BOE governor Mark Carney, surrounding the level of GBP and the tolerance for a higher rate of inflation. Not what the Gilt market wanted to hear and consequently saw 10’s add 7bp to the price. All considered, FTSE ending up peaking around midday then returned much of the mornings gains to close +0.5% firmer whilst the rest of core Europe (DAX, CAC and IBEX) closed around 1.5% firmer.
The US markets all followed the happy Friday feel with DOW cash gaining near 200 points at the opening. These gains certainly lost momentum in the afternoon trading despite Retails Sales hitting expectation and Producer Prices. It was the Consumer Confidence number (87.9 against an expected 92 forecast) that shook the rally. Next up we heard directly from Janet Yellen who posed more questions than provided answers. There were many that thought the Fed Chair aired the debate but did offer her own view that a stronger US market would have repercussions around the rest of the world.
The US treasury market did not like what it heard as 10’s broke the days 4bp range trading to the highs around 1.80% (+5bp). This move saw more steepening of the curve and this evening closed 2/10’s at +96bp. This late move will not play out in Europe until Monday but Bunds did drift slightly in sympathy, closing 0.06%; puts spread at +174bp. Italy 10’s closed 1.38% (+1bp), Greece 8.22% (-2bp), Turkey 9.71% (-4bp), Portugal 3.27% (-7bp) and as stated earlier the worst performer of the day was UK Gilts closing 1.09% (+7bp) and an additional 0.65% decline in the GBP. The EURO also suffered in late US trading closing below the psychological 1.10 level at 109.70 (-0.75%). These moves culminated in the DXY closing near recent highs at 98.10 (+0.75%).

    Current date/time is Fri 21 Oct 2016, 8:09 am