The "up-to-the-minute Market Data" thread

Something is going on with the Markets today, some overnight push?, after the lows yesterday?

I have the feeling that manipulation is at its highest lately.

Now what the fed is suppose to be doing today?, ho, yeah interest rates.

Originally posted by marg6043
Something is going on with the Markets today, some overnight push?, after the lows yesterday?

I have the feeling that manipulation is at its highest lately.

Now what the fed is suppose to be doing today?, ho, yeah interest rates.

reply to post by RolandBrichter


My oh, my you just make my day, thanks, I was starting to believe that this thread lost its sense of humor.

10yr details:

Treasury sells $23bln in 10-yr notes at 3.734%
IDB 45.7%
Bidders offer $2.49 for each $1 of 10-yr debt sold
Treasurys fall after auction, before FOMC decision

[edit on 8/12/2009 by Hx3_1963]

So this is the Feds plan :

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4% and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. As previously announced, to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year. In addition, the Federal Reserve is in the process of buying $300 billion of Treasury securities. To promote a smooth transition in markets as these purchases of Treasury securities are completed, the Committee has decided to gradually slow the pace of these transactions and anticipates that the full amount will be purchased by the end of October.

in other words.. no changes from FOMC

The dollar sported some wood right after that announcement...

will it last? Is there enough viagra available for it?

reply to post by redhatty


sproiyng!!! Ben, Ben.... Ben the Impaler...




[edit on 12-8-2009 by RolandBrichter]

That doesn't look real bullish for the dollar. The trading range still appears to be declining. The 79.50 resistance held three times. I wonder if the dollar will go back down to test the lows around 77.50 again before October? These Forex traders like to keep things moving.

well my chart reading tells me its time to cash in the chips and find my way back to liquid ... again, if you are experienced in trading then you will no... the markets a not only scratching upward... its being manipulated upward by forced short covering rallies... there is no earning ... no jobs.... and soon no America and no dollar...
get your cash and buy silver... at least it will always be worth something... maybe not $15 oz... but something.... and I dont have a clue as to what to do... just be ready for anything from a 5% to 95% drop... its on the cusp.

Originally posted by fromunclexcommunicate These Forex traders like to keep things moving.

IMHO, the Forex is THE exchange to keep a close eye on...

I have not looked at the DOW or any other Index since Thursday. I figure.... what's the point anymore? The Fed keeps rates at 0 and the market rallies (yay) .. 30yr fixed mortgages at the moment are just under 5.75-6.0% ... We don't want everyone to get free money now do we?

reply to post by BornPatriot


Hey you're my new friend.. anyone who says "Buy Silver!" makes me feel a lot less lonely being surrounded by all these fancy folks and their golden coins. I do recall one man saying he would trade an entire Golden Ingot for a horse when "TSHTF" scenario .. so us silver investors might be able to convince some of them that if we give them two silver coins for a gold coin they will come out on top.

[atsimg]http://files.abovetopsecret.com/images/member/efbce1602a1b.jpg[/atsimg]

Say something!

Aug. 12 (Bloomberg) -- The Federal Reserve plans to slow the pace of its purchases of U.S. Treasuries as the recession eases, and signaled that the $300 billion program will end in October.

[atsimg]http://files.abovetopsecret.com/images/member/9afdc8d19e4b.jpg[/atsimg]

reply to post by stander


Hmmm that looks oddly inverted...

Interesting coincidence.

reply to post by stander


That looks like a bear trap! First they drop the market almost to a breakout to the downside, then 180! I feel so lucky to have escaped.

These punji stick dollar index moves are beyond my reading comprehension. GBM called them bull flags but why be bullish about the US dollar now?



[edit on 12-8-2009 by fromunclexcommunicate]

reply to post by fromunclexcommunicate

The talk about the recession ending could attract play-it-safe long-term investors who see the bargain. But they are not the take-my-word-for-it types. I think the rest of the month will show where things be heading. Tomorrow will be an interesting day that will clue how to read the see-saw of today and yesterday. I Wonder how NIKKEI would react to the most recent development in the US markets. The Japanese traders usually follow suit, but from time to time, they are capable of forming their own opinion.



[edit on 8/12/2009 by stander]

reply to post by fromunclexcommunicate

GBM called them

Ssshhh...

Be berry berry qwiet...Ben's hunting Bears...

@ RolandBrichter: Hmmm...Market Porn...Fascinating...(Just don't tell CNBS...they might get ideas and sick some small Asian chick on a story like that...)

[edit on 8/12/2009 by Hx3_1963]

files.abovetopsecret.com...

Originally posted by Hx3_1963
Hmmm...Market Porn...Fascinating

_______
_______

What kind of BS is that?

Reuters: German GDP rose unexpectedly by 0.3 percent in Q2, bringing an end to the country's deepest recession since World War II.

I think Germany won WW2....

AFP: The French economy has rebounded with 0.3 percent gross domestic product growth in the second quarter.

No wait! It was France!

[edit on 13-8-2009 by Vitchilo]

reply to post by Vitchilo


Thanks for broadening the discussion. The way major economies are interconnected it's always good to have these tidbits. Anchovies on the pizza, if you like.

Here's a full article.

Ms Largarde said that consumer spending and strong exports had helped to pull France out of recession.
"What we see is that consumption is holding up," she said.

Official figures showed that household consumption rose by 0.4% in the second quarter.

This sounds not so much like 'holding up' - more like a result of all the 'talking up' in the media.

She said government incentive schemes for trading in old cars for new ones, together with falling prices, were helping consumers.

Who was it who cogently argued (only a few pages ago) that this tactic cannot create long-term increased demand?

Foreign trade contributed 0.9% to the GDP figure - a "very strong impact," said Ms Largarde.

...Which goes to show how fragile this localized 'recovery' really is.





[edit on 13/8/09 by pause4thought]