Jump to content

World Stock Markets Trading Discussion - Treacherous trajectory


Recommended Posts

  • Replies 49
  • Created
  • Last Reply

w?s=%5EAORD&lang=en-AU&region=AU

 

Well it was all out slaughterama on the Aussie market today.  All Ords sliced through major support, finishing -3.6%.  In the sectors, Energy -6.7%, Miners -5.5%, Materials -5%, Telecomms -4.5% and Financials -3.7%.  Could be a dead cat tomorrow or it could be another day of panic selling..

A similar story in Asia: China -2%, Hong Kong -3%, India going the other way, +1.6% and Nikkei -4.1%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

 

https://au.finance.yahoo.com/

Link to comment
Share on other sites

Inspite the bloodlet in the asian session they're going for the bounce here. Let's see how high they can close it today. I say this thing can go up to +/-1914 without challenging any significant resistance level. Above 1930 would probably take it up to 1970 the following days. Probably a good place to short the rip higher if it gets there.

Link to comment
Share on other sites

Swap rates are what companies, investors and traders pay to exchange fixed interest payments for floating ones. That rate falling below Treasury yields -- the spread between the two being negative -- is illogical in the eyes of most market observers, because it theoretically signals that traders view the credit of banks as superior to that of the U.S. government.

 

 

http://www.bloomberg.com/news/articles/2015-09-24/it-s-all-perverted-now-as-u-s-swap-spreads-tumble-below-zero

 

US gubermint can always print FRN's so this is obviously a distortion courtesy of ZIRP.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...