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. You must log in to see and participate in our Dinar sections.

Position yourself for free after watching the video on eCommerce at


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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017

Market Talk December 14th, 2015


Posts : 26734
Thanked : 1358
Join date : 2013-01-12

Market Talk December 14th, 2015

Post by Lobo on Mon 14 Dec 2015, 3:40 pm

Market Talk December 14th, 2015

Posted on December 14, 2015 by Martin Armstrong

Trading Community

A mixed session in Asia in what was very much an overhang from Friday’s session but also very weary of the FED in two days time. It is interesting that in European Equities continue to trade heavy (DAX, CAC, FTSE -1.75%) into the FED, despite Mario Draghi’s comment earlier this morning.

There are rising concerns about high yielding bond funds. Last Thursday, the junk-bond fund managed by the investment firm Third Avenue Management, moved to block investors from withdrawing their money. There is talk of other high yielding bond funds who will also go into trouble with a Fed hike. This is part of the plea to the FED not to hike rates. But they cannot hold back forever.

Oil was down (TWI around $34.25) earlier in the session but has recovered and made headway (currently +1.5% at $36.5) into the close of the US trading. Nat-Gas remains heavy trading late in the day -5% at 1.89.

As we approach the FED meeting tomorrow the market trades heavy in expectation of finally ending the ZIRP (Zero Interest Rate Environment), well in the USA anyway. Despite the sell-off in rates the curve saw almost a parallel shift with 5’s through to 30’s all losing 8bp. Two year notes were the exception with only a 6bp decline in price. 30yrs closed this evening still under the 3% mark closing at 2.965%. Europe fared a little better closing the day at (GDR/Bund) at 0.59%; closing the spread at +162bp.

Not too much to talk about in the FX market but GBP lost a little of the ground it made at the end of last week, closing 1.515 (-0.5%) today with the basket of currencies (DXY) closing at 97.65 (+0.23%). Gold traded heavy throughout the day eventually losing $12 and was last seen around $1062 per once.

This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

    Current date/time is Mon 20 Nov 2017, 12:51 pm