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China Bad News & Scotland No News Send Futures Lower
While USDJPY is not moving much, no clear news from Scotland (GBP is modestly weaker) and an opposition win in Sweden (Krone weaker) along with China's dismal data (and Securities Journal note that no rate cut is coming anytime soon from the PBOC) sparked some significant selling in US stock futures at the open (-13 points). Treasury futures are modestly higher as S&P future are stabilizing around -7 points for now extending losses from Friday as AUDJPY slides...
US equity futures down notably...
seemingly led by AUDJPY weakness (AUD weakness and JPY unchness) on the back of China data
Charts: bloomberg
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I'm shocked, shocked I say that the house would tease the last remaining short dollar from the gamblers pocket!
Argh! I can't trade fast enough. I need..... like a computer or something that I could program to make trades based on certain variables, instantaneously.
Bah! Crazy talk. That'll never happen.
So ... if the stock market falls, is that considered, "Bullish?"
And the moarer it drops, the "Bullishier" it is?
... until it totally plunges and is, "Bullishestshit?"
That's dis-in-un-possible. Economists know better.
my co-worker's step-aunt makes $76 /hour on the laptop . She has been fired from work for nine months but last month her payment was $16491 just working on the laptop for a few hours. Get More Information... www.payvalt.com
I wouldn't want to work for anyone who can't spell "vault". Or did you mean "valet", cause that would make sense, too.
His co-worker's aunt can make $100/hr on my lap top. I like to rest my hand on her head as she works..
by morning headlines read JPY dumps stock pump Pm are dead
Markets can go down...
I've been saying that for 18 months now too...
2 am futures ramp same as always.
3 - 4 am with the Europe and then London open (EDT).
Something is very wrong in the equity market right now. It is showing signs of a heavy sell-off. Credit is rolling over and the bond market is abysmal. Heavy selling in the commodities (oil and gold) show this as well. The dollar rally is very curious. We are gonna see some selling this week, and maybe through the Alibaba IPO as well as the first few weeks of October. S&P 1850 looks very real right now.
The dollar rally doesn't surprise me (going on a year now.) Natural gas prices hit an all time low of 2 bucks a bcf just two years ago.
Now oil is rolling over and production continues to surge (way more than even Saudi Arabia) and some folks are thinking the USA will be producing 12 million barrels a day in the USA within two years.
That will drive the dollar quite possibly a lot higher...and is a negative for equities as "inflation trading" gets taken to the woodshed.
Price of gasoline should be interesting with the collapse of corn prices.
In case no one was paying attention, the 10yr has jumped 200 basis points in 2 weeks. That's fucking scary. It may move another 100 basis points this week too. A lot of "all in" bond junkies are getting scorched right now. And when this market vacuum's with no bids....wow. Ugly. Equities are getting punched in the face too. Wait till Alibaba hits the market. Then the crater begins...
20 basis points. 200 basis points would be a full 2% jump to ~4.5% yield.
The 10 year rate is not up 2 percentage points It has moved maybe 20 bps - which is a lot, but hardly 200 bps.
Are you perhaps speaking about the percentage change in the price of the 10 year bond?
ALIBABA?? Just the latest. Get in early on the IPO and cash out immediately when it lists. That will be.
One stock IPO does not a world market health make. Nobody but nobody will benefit from this but insiders and they will be out the minute it hits the street.
Ten year back where it was it July. Good, rare opportunity to buy again.
Also, the dump was not 13 points on the E-minis. My tape shows the close at 17:15 on Friday to be 1975.75. the low in the first 15 minutes of the Sunday open was 1968 - a drop of 7.75 points. Volume was 12,825 - so someone was anxious to either hedge or get rid of a position. Perhaps they know something that will become apparent by the Europe open to the rest of us. Or, perhaps someone forgot to close the proverbial fridge door on Friday at some hedge fund or other.
The gang that could'nt shoot straight does it again.
http://www.cnbc.com/id/101999091
The chicks in the white house must have sore balls by now.
I would regard Scottish independence as very bullish for Wall Street as an independent Scotland will need a massive amount of underwriting for their debt. It's not like there isn't a lack of demand right now for this stuff...just look at Greece, Italy, France, etc...
The status quo is very fragile. I requires near-static operating conditions for it to remain all-powerful. Change the operating conditions and it wilts like an orchid in the desert.
Disequilibrium is a bitch.
Anyone see mushroom clouds? Then BTFD M'Fers.
What is with blaming Scotland for everything? Scotland must be the cause of global warming to!
Hold that thought for a minute. They're probably working on such a narrative right now.
Mr Salmond is all in on 'global warming'.
fuck this shit.currently i am a day trader and all i get are fucking tight trading ranges and reversals
sydney time = 10am -4pm.afterhours spreads are higher
The thing that is getting to my mind right now. We have so many commentators here. ALL giving opinions,
But when push becomes shove we got a ton of egoistic jokers and wannabes,
The greater fools all need ego reinforcement and are left bereft when the UP arrows do not confirm. However all this ego garbage and analysis is a product of the NWO education. If I think (joke and act like a smartass) then I am.
Pure denial of what is coming. But have a giggle. Be clever,
mate i am serious.
i trade the asx 200.i have been doing this for 6 months.i can tell you one thing that the market does not follow the news or current events.ie we get good news the market goes down we get bad news the market goes up = wtf
basically majority of the asx 200 moves overnight. example it goes down 40 points as stated in this story,so we find a reason for it to go down so lets blame scotland for the event or china,but the market has got nothing to do with scotland its based on technical analysis.i start my trading in the morning and expect it to go further down because of the news events but nothing happens. their was a 50% chance of the market going up overnight i can bet you that we will be reading that the markets went up because such and such story.the story about scotland and china would of been swept under the carpet.
Short TSLA to much oil..same with NFLX, no bandwidth left.
Should be a fun week watching everything roll over.
First post as I am calling a top. Ok so the futures are down...no demand left in oil, so this is the canary with Japan broken and the velocity of money so low.
Silver chart looks awesome as a pivot point to get in.