Реда Процедира !!!

[Oleg]

Олег забеляза ли златцето на дневна как е на път да направи двойно дънце и от там я нагоре я надоле.........................

Все ми е едно за златцето на дневна. На него гледам едноминутна графика

[Absfresh]

Айде,взехме на АБСа стопа и да отиваме за стопа на Дизела.Отиде тренда на Дизелчето.

Пууууу злобари, човек да не си отвори една бира. Да ви е честит стопа на жалкото ми лотче.

[~@~]

ами................. мисля че ти казах,че поема надоле навреме, нале?
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айде, наздраве, да ти е сладко!
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[Fafa]

Все ми е едно за златцето на дневна. На него гледам едноминутна графика

Олег, прати мителефона на тези където ми каза от съпорта, че този където ми се обажда е друг!
Ако ти е удобно разбира се!

[Oleg]

Олег, прати мителефона на тези където ми каза от съпорта, че този където ми се обажда е друг!
Ако ти е удобно разбира се!

Skype: i**.angel_malinski
ICQ: 624345227
Yahoo: angelmalinski@yahoo.com
Phone: +359887137533

[Absfresh]

Ако на някой му се чете последния анализ на Голдманите за края на годината.



Some EMs are adjusting, others are less clear



We have seen higher yields and weaker currencies across most of the troubled EMs; both developments accommodate economic adjustment. But not all economies are responding to these shifts in a similar way. External balances remain challenging for Turkey, Brazil, Indonesia and South Africa. Even though a temporary rally is not out of question, the ZAR, TRY, IDR and BRL remain risky currencies with scope for further depreciation. In contrast, India’s impressive current account improvement is driven both by import restraint and by export growth and, in our view, the INR is likely to remain broadly stable or even strengthen on the margin (Exhibit 3). Given this more positive view, the wide ** forwards, the elevated implied volatility and the skew towards depreciation in ** options create attractive carry opportunities in the INR. Alternatively, long INR positions can help offset the negative carry in short TRY, ZAR or BRL positions.



Equities and credit in ‘DMs of EMs’ offer better risk-reward than EM ** or bonds



From a medium-term perspective, a global backdrop where US growth accelerates, US medium-term yields rise (but gradually) and the front end is anchored at exceptionally low levels (but is subject to upside risks) should benefit equities and credit more than bonds or currencies. And, by extension, EM currencies (vs the USD) and bonds are likely to offer inferior risk-reward ratios compared with EM equities and credits (Exhibit 4). As we have argued recently, EM sovereign credit from the ‘DMs of EMs’ (those countries with the stronger institutional set-ups in the EM world) can continue to perform strongly along with US high yield credit (‘’DMs of EMs’ not underperforming significantly despite the rally’, EM Macro Daily, October 28, 2013). That said, for global investors, we still see a better balance of reward and risk in DM equities and credit relative to EM counterparts.



For now, anchored front-end DM rates should help certain ‘risky receivers’



Immediately after the September FOMC dovish surprise we argued that EM central banks were likely to respond with dovish responses. Since then, we have seen a slew of such surprises (rate cuts in Chile, Mexico, Thailand and Hungary are among the primary examples). Over the last few days we have seen dovish shifts both in Colombia and in India, while expectations for rate hikes have also moderated in Brazil.



South Africa is one of the clearest sources of opportunity in EM front ends relative to our forecasts (Exhibit 5). We expect no hikes by the SARB next year, while the FRAs are pricing in an increase in policy rates from 5% to 6.3% in one year, and to 7.3% two years from now. There is also space for Brazilian DI rates to decline towards the 10.30 area, in line with our Latam Economists’ view of one last hike of 25bp for BACEN. But unless one is ready to position for no further hikes in the near term in Brazil, the risk-reward below that level becomes less appealing. Lastly, the inverted curve in India is a result of the elevated near-term money market rate – a result of tight liquidity measures, which may be eased as the economy continues to show signs of adjustment.



But, at some point, strong US data may test the Fed’s resolve



The substantial decline in US (and by extension G3) front ends suggests that the market views the Fed’s commitment to low rates for longer as credible, given the current data flow. However, as activity picks up in 2014 (in our forecasts), there is room for periodic upside data surprises. A few months of meaningfully strong growth data could prompt the market to front-load some tightening premium (Exhibit 6). In other words, there are upside risks to front-end rates next year, stemming primarily from US data strength.



This means that bouts of EM pressure driven by US rates are likely to resurface. And the momentum in US data will determine how quickly this occurs. The uncertainty around timing makes it hard to position for such an eventuality via shorting high-carry EM instruments. Instead, low-yielding currencies from economies in need of economic adjustment, such as the THB and MYR, can offer ways to hedge against a Dollar rally vs EM, driven by higher front-end rates. In rates markets, ILS 1-year rates are pricing more than 10bp of policy rate cuts in the year ahead. Our view is that the BoI is more likely to hike by 50bp (see ‘A shift in the Bank of Israel’s ‘policy mix’ in 2014’, EM Macro Daily, December 18, 2013). Israel rates are correlated with US front-end yields and they can offer a way to hedge against such risks, earning positive carry and benefiting from local fundamental drivers that may prompt the central bank to hike next year.

[REDA]

Абса виде ли днеска как ДАКСо се ИЗТУМБИ нагоре????

[~@~]

Някъде четох някакъв анализ на Голдмъните и прогнозират евро долар на ниво 1.40
..............................
ако някой го е чел

[Absfresh]

http://online.wsj.com/news/articles/...66851056302512

Туй трябва да се прочете, който няма абонамент ще го копна отдолу.

What is $55 trillion between friends? Very little according to the CFTC. In perhaps the biggest under the radar news of the day - to be expected with every watercooler occupied by taper experts - the WSJ reports that the Commodity Futures Trading Commission said Wednesday that technical errors at two so-called swaps data repositories, which collect and supply regulators with transaction data, have led the CFTC to misreport the overall size of the swaps market by undercounting its size. Isn't it curious how all these "glitches" always work out in the favor of preserving market calm and confidence and away from spooking investors and speculators? Either way, a better question is how big was the so called undercounting? The answer: as large as $55 trillion!

Regulators aren't sure how much the repositories are undercounting. One CFTC official familiar with the matter said the discrepancy could be as high as $55 trillion, though another official said the figure is closer to $10 trillion once regulators cancel out certain transactions to prevent double counting.

One just has to laugh: the total US swaps market is what - roughly $400 trillion? So... just add enough notional to that number equal to the GDP of the entire world - or 4 times the size of US GDP - and call it a day. And in this environment somehow the Fed and other central planners are expected to have any clue what they are doing on a day to day basis?

Naturally this discovery makes a mockery of such transaprency enchancing initatives as Dodd-Frank.

The lack of clarity over the size of the market may undermine a key plank of the 2010 Dodd-Frank law aimed at bringing transparency to the opaque derivatives market. Swaps, which were at the heart of the 2008 financial crisis, are complex financial contracts that allow financial firms and their clients to hedge against risks or bet on an asset's value.



The CFTC has issued a number of rules to bring transparency to swaps trading so regulators can detect risks that could pose a threat to a firm or the financial system.

It would appear that those rules, uh, failed. It gets better:

The CFTC said in a footnote to its weekly swaps report that the largest data repository, the Depository Trust & Clearing Corp., "has informed us that due to a…technical coding issue, the notional values in the interest rate asset class have been understated." The agency also reported "a processing error" by a separate repository operated by CME Group Inc. A CME spokeswoman didn't respond to a request for comment. A CFTC official characterized the data problems as "growing pains." The agency formally began to report swaps data on a weekly basis just last month.

A technical coding issue with 12 zeroes?

Sure enough, the CFTC was quick to scapegoat someone for this epic cluster**** - naturally, this someone was evil Congress for not spending even more money on the CFTC's toothlessness, something popularized recently by the recently departedBart Chilton, who more or less told gold traders that manipulation in the gold market will continue because the government just doesn't have the funds to stop it.

The official said the error also reflects the agency's chronic lack of resources. Just two employees at the agency are charged with putting together the weekly swaps report and it takes them 12 days to prepare the data for publication compared with three for another report the agency publishes. The agency is reviewing the matter and hopes to have firmer figures by next week's report, due Thursday.



In a statement, DTCC said: "We notified the CFTC immediately after we uncovered this matter and are working overtime to resolve these issues as soon as possible to ensure that the agency has timely access to the most accurate, highest quality market data."

Oh that's ok then, after all what's a little eletronic $55,000,000,000,000 shuttling back and forth between insolvent counterpa.... oh hey look, over there everyone, the Fed just tapered!

[alf]

Графиката ще работии и днес...............
движението..........засега се следва .....перфектно........................
а добро утро и успех.................

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Добро утро, ВЕЛИКИ
....
ето какво излезе ,като съм сгъстил времево събитията .....днес......

.................................................. .................................................. ...[COLOR="Silver"]

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хо хо хо....