clester
Well-known member
I things are setting up for a neg FV. There must be a lot of folks like us wanting to lock in profits. I think US may drift down after lunch. Hope I'm wrong.
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Or you can now use TapaTalk again!350Z's 2007 I Fund Thread
- Thread starter 350zCommTech
- Start date
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350zCommTech
Well-known member
No meetings tomorrow. That was last week I think. Perhaps the minutes from the meetings tomorrow?
clester
Well-known member
Forex
Pound rises after hawkish BoE inflation report
LONDON - The pound strengthened after the Bank of England's quarterly inflation report suggested interest rates will rise to 6.00 pct by the end of the year.
In its quarterly Inflation Report, the BoE said the annual rate of CPI inflation will only fall back towards the 2.0 pct target in two years time if rates rise once more in the next few months.
The central bank said the risks to the near-term inflation profile are slightly higher than they were at the time of the last inflation report in May, but the risks to the medium-term profile are slightly lower.
"On the face of it, the most likely scenario is that the BoE will tighten once again unless there is a surprisingly acute downturn in domestic demand, a sudden retreat in pricing intentio ns or greater dislocation in financial markets," said Daragh Maher, senior forex strategist at Calyon.
"All are possible, so a rate hike is not guaranteed, but it is questionable how long the hawks will be willing to wait before pulling the rate trigger again," he said.
He added that sterling markets have priced in an 80 pct probability of a rate hike happening in November. At present the benchmark rate is at 5.75 pct.
However, if next Wednesday's minutes to August's rate setting meeting reveal any signs that there were calls for a hike, then that probability may rise further, Maher said.sugarandspice
Well-known member
No one here thinks this rally will sustain the OSM's for a small gainer tomorrow in the I fund?FUTURESTRADER
Active member
I'd say good possibility of that
350zCommTech
Well-known member
sure, the Asians might continue the rally, but the OSM are up 4 percent in this 3 day rally. And the dollar might turn areound tomorrow.
Wrngway
Member
I'm not sure what index is used primarily for the .5% market movement that would trigger an FV, but the S&P 500 was 1490 at 11:30. That would mean a -FV level would be around 1482.6 at market close.
S&P 500 opened at 1478 this morning.
I'm following Ebb right now so I'm hoping for no -FV.
350zCommTech
Well-known member
Yes.sugarandspice
Well-known member
Im staying in 1 more day. This decision could be being influenced by the fact that I have had my ever-widening a$$ handed to me over the last couple weeks due to captivity.sugarandspice
Well-known member
No one cares what you are doing Sugar! Shut up! Take it to your account talk thread!
McDuck
Well-known member
I'm going 100% G today. So I'm thinking positive and hoping for a +FV. That means we need for the SP to close above 1497.4
Hey, it could happen.- Status
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