Australian (ASX) Stock Market Forum

International markets traders banter

Where's Canoz? He's normally here all day every day. Chinese authorities must have caught up with him.

Stuck in transit lounge, seeking asylum in Russia perhaps...:1zhelp:

HSI, yeah but quick to slow down again after hitting support....

EDIT: TH, thought you are referring to HSI, similar story... how did you go?
 
Lol....should be asleep but couldn't resist a late night ham, cheese and dill pickle Sanger before bed....in gorgeous clean, clear and very green New Brunswick Canada!

Lurking as wifi allows:D
 
Lol....should be asleep but couldn't resist a late night ham, cheese and dill pickle Sanger before bed....in gorgeous clean, clear and very green New Brunswick Canada!

Lurking as wifi allows:D

Doing any casting and blasting(?)? :D
 
http://www.bloomberg.com/news/2013-07-22/european-stock-futures-are-little-changed-ubs-may-move.html

European Stocks Rise for Fourth Day as UBS, Philips Gain

http://www.bloomberg.com/news/2013-...tures-rally-on-abe-win-after-u-s-advance.html

Copper Leads Metals Higher as European Stocks Rise

http://www.business-standard.com/ar...s-maintain-winning-streak-113072000097_1.html

Weekly: FMCG rally helps markets maintain winning streak
India's benchmark share indices surged for the fourth straight week amid a rally in FMCG stocks and upbeat earnings from software major TCS
 
Ha! Finally a spoofter gets the cucumber rumba!!

The Commodity Futures Trading Commission said on Monday that it had set penalties of $2.8 million on Panther Energy Trading for a practice known as “spoofing,” in which bogus orders are used to draw in other traders. The firm and its owner, Michael J. Coscia, were also barred from trading for a year.

The agency said it was the first case to be brought using new rules against spoofing contained in the Dodd-Frank financial reform legislation.

http://dealbook.nytimes.com/2013/07...is-fined-and-barred/?partner=rss&emc=rss&_r=1
 
Watch microstructure in these markets "devolve" to the way they were just a few years ago!

Great news for free markets imho.

So any idea what markets are most affected Sinner? I guess energies and the other US markets? Does this mean we will see less spoofing, fewer iceberg, etc?

FWIW, i've seen less spoofing in CL and GC but i just thought it was summer activity.
 
So any idea what markets are most affected Sinner? I guess energies and the other US markets? Does this mean we will see less spoofing, fewer iceberg, etc?

FWIW, i've seen less spoofing in CL and GC but i just thought it was summer activity.

I think it'll happen first with firms which are most worried about getting the same treatment as Panther, i.e. their closest competitors. Rather than a particular market, it's more about which markets those firms are trading in? Hope that makes sense.
 
I think it'll happen first with firms which are most worried about getting the same treatment as Panther, i.e. their closest competitors. Rather than a particular market, it's more about which markets those firms are trading in? Hope that makes sense.

Yeah, makes sense.
 
After 2 weeks in India for work and only minimal trading access, I am back in the seat and looking at all the new highs on the indexes I track, and wondering how sustainable it is, then I look at breadth and it's telling me still not yet, we just aren't seeing the deterioration which we saw running into the flash crash or 2011 ugliness and definitely nothing like the insane breadth weakness running into the GFC. Even the Aussie market seems "healthy" in this respect, with indices retracing on resources pain, rather than pushing higher.

I also note some of my more predictive stuff (an example of which I posted not long ago in its own thread) concurs that these new highs aren't especially dangerous, with focus on various market fundamentals playing a much greater role than macro scare risk.

For long term stuff this is definitely not the place to be initiating new longs, but on the short term I would not fight the trend and look for little swings here and there as well as trying to capture those wonderful low volatility drifts when they come about.

I'll be on holidays off work from Monday for a week or two, so you guys will probably have to put up with some heavy posting volume from me :p:
 
Looking like a pretty good start to the month so far, equity markets up, CL and GC up....:bananasmi

I will have put the mozz on it now...:eek:

Seems risk is truly on the menu...

*(ES) SPAIN DEBT AGENCY (TESOSO) SELLS TOTAL €3.22B VS. €2.0-3.0B INDICATED RANGE IN 2016 AND 2018 BONDS - Source TradeTheNews.com
 
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