Monthly Archives: May 2015


Grain futures – weekly outlook: June 1

Investing.com –

Investing.com – U.S. wheat futures fell sharply on Friday to hit the lowest level in more than two weeks on forecasts for drier, warmer weather in the southern Great-Plains region, which was expected to benefit crop prospects.

On the Chicago Mercantile Exchange, US wheat for July delivery hit an intraday low of $4.7463 a bushel, a level not seen since May 13, before settling at $4.7700, down 11.6 cents, or 2.4%.

On the week, the July wheat contract plunged 37.87 cents, or 7.21%, the first weekly loss in four weeks.

Wheat has been under pressure in recent days after data showed that crop conditions in the Midwest held up last week despite heavy rainfall, which was expected to potentially damage the maturing winter-wheat crop.

Nearly 45% of the U.S. winter wheat crop was rated good to excellent as of May 24, unchanged from the preceding week, according to the U.S. Department of Agriculture.

The agency also said that nearly 96% of the spring wheat crop was planted as of May 24, up from 94% in the preceding week. Only 70% of the crop was planted in the same week a year earlier, while the five-year average for this time of year is 79%.

Meanwhile, US corn for July delivery shed 2.0 cents, or 0.57%, on Friday to end at $3.5140 a bushel. A day earlier, corn prices fell to $3.4820, the lowest since October 21.

For the week, corn futures slumped 9.13 cents, or 2.43%, the second straight weekly decline, amid indications of rapid planting progress in the U.S. Midwest.

According to the USDA, approximately 92% of the corn crop was planted as of May 24, up from 85% in the preceding week. Nearly 86% of the crop was planted during the same week a year earlier, while the five-year average for this time of year is 88%.

Corn emergence rose to 74% last week from 56% a week earlier, above the five-year average of 62%.

Elsewhere on the Chicago Board of Trade, US soybeans for July delivery advanced 8.0 cents, or 0.86%, on Friday to close at $9.3400 a bushel. For the week, the July soybean contract tacked on 10.76 cents, or 1.03%, the first weekly gain in three weeks.

Prices of the oilseed were supported by strong gains in the soy oil market amid talk of strong overseas demand.

Soybeans fell to an almost eight-month low of $9.2040 on Tuesday after the USDA said that nearly 61% of the soybean crop was planted as of last week, up from 45% in the preceding week. Approximately 55% of the crop was planted in the same week a year earlier, while the five-year average for this time of year is 55%.

Soybean emergence was 32% complete, improving from 13% a week earlier, while the five-year average pace for the week is 25%.

In the week ahead, market players will focus on the release of key USDA data, including crop progress and weekly export sales figures.

Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.

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PURIFIERS & MILLIONDAY UPDATE, 31 MAY

PURIFIERS 
BE AT PEACE……. EVERYONE…….IMO……. (because I must preface this post with those 3 letters)TEAM (I) TOLD FRANK (this was on our CC)…….. THEY WILL NOT LEAVE……. NO VACATION…….THIS IS UNUSUAL CIRCUMSTANCES RIGHT NOW…….READ THE CC NOTES AND YOU WILL SEE THAT THEY WORK FROM NOW ON……. UNTIL……. THE GOAL IS REACHED…….WHY IS IT THAT……. MANY ARTICLES “

Israel stocks higher at close of trade; TA 25 up 0.66%

Investing.com –

Investing.com – Israel stocks were higher after the close on Sunday, as gains in the Communication, OilGas and Insurance sectors led shares higher.

At the close in Tel Aviv, the TA 25 added 0.66%.

The best performers of the session on the TA 25 were Mizrahi Tefahot (TA:MZTF), which rose 2.64% or 116 points to trade at 4518 at the close. Meanwhile, OPKO Health Inc (TA:OPK) added 2.55% or 172 points to end at 6913 and Delek Drilling LP (TA:DEDRp) was up 2.28% or 38 points to 1704 in late trade.

The worst performers of the session were Teva (TA:TEVA), which fell 1.75% or 410 points to trade at 23070 at the close. Leumi (TA:LUMI) declined 1.32% or 20 points to end at 1493 and Perrigo (TA:PRGO) was down 0.51% or 380 points to 74330.

Rising stocks outnumbered declining ones on the Tel Aviv Stock Exchange by 204 to 136 and 115 ended unchanged.

Crude oil for July delivery was up 4.52% or 2.61 to $60.29 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 4.67% or 2.92 to hit $65.50 a barrel, while the August Gold contract rose 0.16% or 1.90 to trade at $1190.70 a troy ounce.

USD/ILS was down 0.06% to 3.8676, while EUR/ILS rose 0.32% to 4.2504.

The US Dollar Index was down 0.19% at 96.94.

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MILLIONDAY, POPPY3 & BREITLING TIDBITS, 31 MAY

Millionday – “To / banks approved the exercise of all banking and money transfer companies approved all and mediate the sale and purchase of foreign currency approved all companies ( members of the Board of Directors and Director Commissioner ) “  THIS…IS A DIRECT ORDER FROM CBI TO BANKS.  [so does that mean immediate?]  YES IT DOES NOT HAVE A HOLD OFF DATE — IT IS A DIRECT ORDER.  THINGS SURE

Forex – NZD/USD weekly outlook: June 1

Investing.com –

Investing.com – The New Zealand dollar plunged to a five-year low against its U.S. counterpart on Friday, as investors wagered that interest rates in New Zealand and in the U.S. were set on a diverging course.

NZD/USD hit 0.7080 on Friday, the pair’s weakest level since September 1, 2010, before subsequently consolidating at 0.7106 by close of trade on Friday, down 0.99% for the day.

For the week, the pair fell 2.82%, the sixth consecutive weekly decline, amid growing expectations for a rate cut in New Zealand and increasing speculation that the Federal Reserve would raise interest rates after the summer.

The kiwi weakened after weaker than expected data on business confidence was seen as boosting the likelihood of a rate cut by the country’s central bank.

ANZ Business Confidence for New Zealand fell to 15.7 in May from April’s reading of 30.2, as inflation expectations dropped sharply.

Meanwhile, in the U.S., official data showed that the economy contracted 0.7% in the first three months of 2015, compared to an initial estimate of growth of 0.2%. The downward revision was broadly in line with analysts’ expectations.

Despite the disappointing reading, most market experts expect the U.S. economy to rebound in the second quarter, as transitory factors recede.

Economic data released in the past week, including reports on inflation, new home sales, business investment and consumer confidence all indicated that the economy is gaining momentum after a slowdown in the first quarter, supporting the case for higher interest rates later this year.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.2% on Friday to end at 96.94, moving further way from Wednesday’s five-week peak of 97.88.

Despite Friday’s losses, the dollar still rose 0.9% on the week after Federal Reserve Chair Janet Yellen said last week that the central bank expects to start raising interest rates later this year if the economy continues to improve as expected.

In the week ahead, investors will be focusing on Friday’s nonfarm payrolls report for May, for fresh indications on the strength of the economy and the timing of a U.S. rate increase.

Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.

Monday, June 1

China is to release official data on manufacturing and service sector growth as well as the final reading of the HSBC manufacturing index. The Asian nation is New Zealand’s second-largest trade partner.

Later in the day, the Institute of Supply Management is to release data on manufacturing activity.

Tuesday, June 2

The Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision.

The U.S. is to report on factory orders.

Wednesday, June 3

China is to release the final reading of the HSBC service sector index.

The European Central Bank is also to announce its monetary policy decision. The rate announcement will be followed by a post-policy meeting press conference with President Mario Draghi.

The U.S. is to release the ADP non-farm payrolls report, which looks at private sector jobs growth, while the ISM is to report on U.S. service sector activity. The country will also release data on the trade balance.

Thursday, June 4

The U.S. is to release the weekly report on initial jobless claims.

Friday, June 5

The U.S. is to round up the week with the closely watched government report on nonfarm payrolls, the unemployment rate and average earnings.

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Monetary policy in dollarised economies, 31 MAY

The announcement by the Reserve Bank of Zimbabwe of the review of Zimbabwe dollar balances as it moves towards the demonetarisation of the currency is set to mark the end of the Zimbabwe dollar.

Like most central banks in the world, the primary mandate of the RBZ is to regulate money supply and ensure stability and smooth functioning of the banking system. However, the use of a foreign

News, Rumors, and Opinions Sunday Morning

KTFA:

Jhockey00 :I know Iraq has been making great progress and all, but something like today where Parliament decides to take a break until July 1st a lot of the ppl in their government just like ours just don’t care do really get things done.

Then finally when they agree on something, something goes a certain way then they put it off. Then from what I read today on here since I finally got a break from work I am getting the impression that with Frank & his teams being all excited that this actually could happen before Ramadan, now I hear mention of July.

Or is it that Frank & his teams still really believe this could happen before Ramadan, but this mention of July is something completely different?
….
Just seems this just keeps being put off when obviously the smart & bright leaders in Iraq like Abadi & Shabibi want to get this done but others don’t want to obey sort of speak.

Example being I saw a quick mention of how they were going to get 20 important laws done in something like 3 days, then i see an article on here on how they will make a special session to get some saw done.

Seems to me like the A & S are doing there end of the deal but the rest of Parliament doesn’t. I’m grateful I’m a part of this blessing or transfer of wealth the bible speaks of.

I also apologize if this seems out of place or I’m missing some info. Just in kinda of a final situation. If someone has any info I missed plz fill me in since I don’t really have much time to listen to these calls & read the notes.

Thx & have a blessed day!

*************

Purifiers:  BE AT PEACE……. EVERYONE…….

IMO……. (because i must preface this post with those 3 letters)

TEAM (i) TOLD FRANK (this was on our CC)…….. THEY WILL NOT LEAVE……. NO VACATION…….

THIS IS UNUSUAL CIRCUMSTANCES RIGHT NOW…….

READ THE CC NOTES AND YOU WILL SEE THAT THEY WORK FROM NOW ON……. UNTIL……. THE GOAL IS REACHED…….

WHY IS IT THAT……. MANY ARTICLES “EXCITE US” DURING A WEEK SPAN……. THEN “ONE ARTICLE” (‘s)…….DISMAY US???????

“PROPAGANDA”……. IS TO CAUSE WHAT MANY NOW “FEEL”!!!!!!!

IGNORE WHAT YOU READ THAT IS AGAINST THE PROGRESSION OF THE “MR”…….

IT WAS IN PRINT TO DISCOURAGE YOU……. ON PURPOSE!!!!!!!

Again……. may I say……. I-TEAM SAYS “NO”!!!!!!!

SO……. WHY BELIEVE THE “JUNK” THAT MEDIA PRINTS!!!!!!!

Just because media prints articles (SOMETIMES GARBAGE)……. Why does (ALL THAT MEDIA PRINTS) become the full “GOSPEL”???????

Franks Teams……. ON CC……. told us what is really going……. “ON”!!!!!!!

DISMISS THE GARBAGE ARTICLES……. AND ONLY LISTEN TO WHAT TEAMS (VIA FRANK) TELL US!!!!!!!

HAS NOT FRANK AND TEAMS BEEN CORRECT (AND PROVEN) NOW……. FOR MANY MANY MONTHS PAST???????

YES……. THEN I REST MY CASE…….

Do not be discouraged……. BE ENCOURAGED……. BECAUSE TEAMS HAVE BEEN CORRECT AND WE HAVE THE CC (Conference Call) NOTES TO GUIDE US……. to what is TRUTH.

BTW……. “cards” ARE USELESS… until a change in their rate occurs… rate FIRST… follow the money

MANY THAT HAVE QUESTIONS ON WHERE WE ARE WITH THE MONETARY REFORM OF IRAQ… HAVE NOT READ THE CONFERENCE CALL NOTES POSTED BY: FrostyTheSnowman…….Purifiers

************

Frank26:
  Do not give dates yet know that our CC STUDIES force some to look for one.

Suffice it to say the MR right now is strong…….. Not wrong.

KTFA Frank


************

Thunderhawk:   » May 31st, 2015, 1:51 am 

Could Greece really exit the Eurozone?

International Monetary Fund chief Christine Lagarde has said that the Eurozone would survive if Greece were to be thrown out of the bloc [AP]

The International Monetary Fund has brought the brunt of its power to bear this week warning Greece that it could be thrown out of the Eurozone if negotiations over repayment and restructuring of its massive debts fail.

IMF chief Christine Lagarade told German media this week that she did not wish to see Greece out of the Eurozone but that it was a possibility if Athens failed to reach an agreement on the repayment of 1.6 billion euros ($1.76 billion) in June.

The repayment would ensure that Greece continues to receive bailout loans of $7.2 billion from the IMF and the European Central Bank (ECB).

Although the Greek government has assured the country that it is confident that it can reach a deal by May 31, Greek Interior Minister Nikos Voutsis said that it was unlikely that Athens would pay the 1.6 billion euros in June unless its creditors agreed to its restructuring timetable.

Voutsis is part of the Greek leftist government, which won the January general elections largely on a platform promise to aggressively restructure its ECB and IMF bailout debt; it has previously indicated that it wanted a delay in repayment schedules.

It has said that it wants a political – rather than financial – solution and insists any negotiation over Greek economic reform should be considered at the heads of state level, not among finance ministers.

Athens has also said that “The more our [EU] partners want austerity, the more the problem with the debt will get worse”.

The talks have now entered their fourth month.

But Lagarde told German daily Allgemeine Zeitung that she doesn’t feel a deal will be reached by Sunday.

Greek media has for the past several weeks voiced popular calls for the country to remain in the EU and the Eurozone. But some officials have been calling on the government to begin to prepare the Greek people for the possibility that an agreement will not be reached – meaning that its exit could be imminent.

Greek Finance Minister Yanis Varoufakis has repeated that Athens has met its creditors “three-fourths” of the way on a finance settlement and that it was now up to the IMF and ECB to compromise.

He told the BBC that a Greek exit from the eurozone would be catastrophic and mark the end of the common currency.

But Lagarde dismissed Varoufakis’ warnings and said the eurozone would survive Greece being thrown out of the bloc.

http://thebricspost.com/could-greece-really-exit-the-eurozone/#.VWqgqM9Viko

TNT:

[xyz] weird swiss dinar news:  https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=https%3A%2F%2Fwww.oroyfinanzas.com%2F2015%2F05%2Fmoneda-sin-respaldo-banco-central-caso-dinares-iraquies-suizos%2F&edit-text=

xyz] Iraq announces the launch of heavy oil export system card 58 000 barrels per day  http://translate.google.com/translate?&tl=en&u=http://www.alsumaria.tv/news/135720/-

[xyz] Rafidain Bank: There Is A Bilateral Coordination With IMF To Develop The Banking Business In Iraq “Rafidain Bank began advanced steps with regard to its banking work to be parallel with its counterparts in the countries of the world   http://ninanews.com/Website/News_Details.aspx?bYEAvICbXTm5q6c0HQjvnA%253d%253d

[xyz] Why is Yellen skipping Jackson Hole? Fed watchers and market participants scratching their heads over why the nation’s top banker would pass on an opportunity to mingle with all the other top central bankers from around the world, economists and legendary investors, at an event that has become a staple for the policy-making elite.    http://www.cnbc.com/id/102711626

[xyz] Parliamentary Finance: “printing new currency was to reduce the money supply in the country size, and will be one of a class {} 50-100 and is easy to carry for the Iraqi citizen.”   http://translate.google.com/translate?&tl=en&u=http://wwww.alforatnews.com/modules/news/article.php%3Fstoryid%3D86115

[xyz] Three presidencies will meet this evening to discuss the political and security situation    http://translate.google.com/translate?u=http://www.almaalomah.com/news/21934/-

**************************

Dinar Updates:

Repost from Saturday Night:


Millionday    THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL…

Article quote:  “it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)” 

THIS IS FROM LEADING ECONOMIST…  HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE.   THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW…ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES.  

Q: […is this new currency printed and ready to go…?]  

Millionday: THEY HAVE CURRENCY PRINTED…  

Q: [For those among us who are new… “deleting the three zeros” has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?]  

Millionday:  IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC — WHEN THEY ENTER A MARKET ECONOMY.

DINAR IRAQ & DONG VIETNAM UPDATE, 31 MAY

Dinar Iraq and Dong Vietnam :Dr. S [Shabibi] got permission from the IMF…the green-light…he told them he needed security and “funding.” That funding was to just last them a month and this month is coming to an end. They are asking for more money … but I don’t think they’ll give it to them. Oil from Iraq will go global. Cities will be secured. Amazing technology being used …in Iraq right now. Our

Italian CPI 0.2% vs. 0.1% forecast

Investing.com – Consumer price inflation in Italy rose more-than-expected last month, official data showed on Friday.

In a report, Istat said that Italian CPI rose to 0.2%, from 0.2% in the preceding month.

Analysts had expected Italian CPI to rise 0.1% lInvesting.com
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Malaysia stocks lower at close of trade; FTSE Malaysia KLCI down 0.46%

Investing.com –

Investing.com – Malaysia stocks were lower after the close on Friday, as losses in the Plantation, Financials and Industrials sectors led shares lower.

At the close in Kuala Lumpur, the FTSE Malaysia KLCI fell 0.46% to hit a new 3-months low.

The best performers of the session on the FTSE Malaysia KLCI were RHB Capital Bhd (KL:RHBC), which rose 3.36% or 0.25 points to trade at 7.70 at the close. Meanwhile, Felda Global Ventures Holdings Bhd (KL:FGVH) added 2.07% or 0.04 points to end at 1.97 and UMW Holdings Bhd (KL:UMWS) was up 1.71% or 0.18 points to 10.72 in late trade.

The worst performers of the session were Public Bank Bhd (KL:PUBM), which fell 2.43% or 0.46 points to trade at 18.50 at the close. Sime Darby Bhd (KL:SIME) declined 2.00% or 0.17 points to end at 8.32 and British American Tobacco (Malaysia) Bhd (KL:BATO) was down 1.56% or 0.98 points to 62.00.

Falling stocks outnumbered advancing ones on the Kuala Lumpur Stock Exchange by 323 to 250 and 41 ended unchanged.

Shares in Sime Darby Bhd (KL:SIME) fell to 3-years lows; falling 2.00% or 0.17 to 8.32.

Crude oil for July delivery was up 1.39% or 0.80 to $58.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 1.19% or 0.74 to hit $63.33 a barrel, while the August Gold contract rose 0.06% or 0.70 to trade at $1189.50 a troy ounce.

SGD/MYR was up 0.38% to 2.7174, while USD/MYR rose 0.36% to 3.6635.

The US Dollar Index was down 0.15% at 96.98.

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