{"id":9078,"date":"2011-01-04T09:11:57","date_gmt":"2011-01-04T14:11:57","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=9078"},"modified":"2011-01-04T09:11:57","modified_gmt":"2011-01-04T14:11:57","slug":"morning-thoughts-14-2","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-14-2","title":{"rendered":"Morning thoughts 1\/4"},"content":{"rendered":"<p>Good morning traders,<\/p>\n<p>A few important things happening this morning:<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/uk.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9081\" title=\"uk\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/uk.png\" alt=\"\" width=\"560\" height=\"302\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/uk.png 700w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/uk-300x161.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><\/p>\n<p>Europe is strong at +1.3% (2 standard devs).\u00a0 UK is much stronger and is up 3.2% (4.5 standard devs) on followthrough from very hot manufacturing data.\u00a0 We are also seeing corresponding moves in Cable and Euro compared to Pacific currencies (GBPAUD +2%, etc).<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/chile.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9079\" title=\"chile\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/chile.png\" alt=\"\" width=\"560\" height=\"302\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/chile.png 700w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/chile-300x161.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><\/p>\n<p>Chile is intervening with a 12B FX operation to bring down the value of the Peso.\u00a0 The Chilean stock market is currently down 4%, 5 standard deviations, which is an extremely significant (move even though the holiday season has inflated these standard deviations slightly.)\u00a0\u00a0 Many of our readers focus on daytrading US equities and might ask why they should care, but there is an important lesson on international interconnectedness here &#8212; Chile is a nearly pure play on Copper, and this intervention has the potential to adjust the value of Copper downward significantly&#8230;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/gold.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9080\" title=\"gold\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/gold.png\" alt=\"\" width=\"560\" height=\"302\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/gold.png 700w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/gold-300x161.png 300w\" sizes=\"auto, (max-width: 560px) 100vw, 560px\" \/><\/a><\/p>\n<p>&#8230; with possible carryover to the precious metals complex, which is already vulnerable to a break.\u00a0 As I write this, US Silver futures are down -3%, Gold -2.2% and Platinum -1.5%.\u00a0 Pay attention to the precious metals today guys&#8230; today could be the day.<\/p>\n<p>The net impact of all of the overnight currency moves (some of which are quite significant) on the USD has, so far, been relatively small.<\/p>\n<p>In other commodity related news, Crude Oil should be on everyone&#8217;s radar.\u00a0 We are seeing a small overnight divergence in London&#8217;s Brent crude, which is stronger than our domestic WTI benchmark.\u00a0 Regardless, Crude may be a focus over the next few weeks.<\/p>\n<p>Today, be aware of the FOMC minutes released at 2:00 and Factory orders at 10:00.\u00a0 I would suggest focusing some attention on Materials stocks today, which are likely to be in play.\u00a0 Good trading everyone.<\/p>\n<p><a href=\"http:\/\/www.twitter.com\/AdamG_SMB\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"Follow AdamG_SMB on Twitter\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders, A few important things happening this morning: Europe is strong at +1.3% (2 standard devs).\u00a0 UK is much stronger and is up 3.2% (4.5 standard devs) on followthrough from very hot manufacturing data.\u00a0 We are also seeing corresponding moves in Cable and Euro compared to Pacific currencies (GBPAUD +2%, etc). Chile is intervening with a 12B FX &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-14-2\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":388,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[943],"tags":[],"class_list":["post-9078","post","type-post","status-publish","format-standard","hentry","category-adam-grimess-blogs","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning thoughts 1\/4 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-14-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning thoughts 1\/4 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders, A few important things happening this morning: Europe is strong at +1.3% (2 standard devs).\u00a0 UK is much stronger and is up 3.2% (4.5 standard devs) on followthrough from very hot manufacturing data.\u00a0 We are also seeing corresponding moves in Cable and Euro compared to Pacific currencies (GBPAUD +2%, etc). Chile is intervening with a 12B FX ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-14-2\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-04T14:11:57+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/uk.png\" \/>\n<meta name=\"author\" content=\"Adam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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