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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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July 15, 2015
13:40 EDTU.S. Initial Jobless Claims Preview
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13:35 EDTFed Chair Yellen concluded her testimony
Fed Chair Yellen concluded her testimony. There were no tape bombs or revelations, leaving bonds and stocks to meander quietly. The markets flinched initially on release of her prepared testimony as the likelihood for a 2015 rate hike was repeated. But, prices have moved slightly higher now as traders had prepared for the possibility of some hawkish commentary, and after some stronger than expected data has been easily digested. The long end leads the gains with the yield at 2.35% after testing 2.43% early on. A 6 bp drop in the Bund yield was also supportive. Meanwhile the 2-year sate has slipped to 0.625% versus an intraday high of 0.67%.
13:00 EDTFed funds futures have rebounded from early losses
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12:50 EDTDon't Tread on the Fed:
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12:50 EDTFX Action: USD-CAD peaked at 1.2945
FX Action: USD-CAD peaked at 1.2945, with the latest uptick coming after BoC governor Poloz left the door open for further easing. Option backed selling is rumored from 1.2980 now, with some talk of 1.3000 option barriers heard. The March 9, 2009 peak of 1.2995 should provide good resistance, though above there, the 1.30 level looms, which was last traded on September 4 of 2004, according to Federal Reserve Bank historical data.
12:45 EDTCleveland Fed hawk Mester: monetary policy can take a step back
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12:35 EDTTreasury Option Action: chop picked up
Treasury Option Action: chop picked up with Yellen's testimony after very subdued overnight session. Some 15.6k in August 125 put longs were rolled out to September on 10-year futures and another 10k September 117.75/117.5 "put stupids" were sold (more exits) on 5-year futures. Out of London were reports of buyers of put spreads on September Bunds to sell calls, though some warned of risk of further Bund gains after they took out yesterday's highs. Looking ahead, the Beige Book is on tap, though reaction should be blunted by Yellen's balanced policy testimony in advance. A Greece parliamentary vote at 19 GMT is the next hurdle and a break of 126-07 on the September 10-year future would be bullish for the next leg higher to the 127-00 zone.
12:26 EDTGundlach says 'quite likely' that ten year bond sees 2% this year
Gundlach says China "really kind of concerning" and that its stock market is "far too murky" to be investing in. Doubleline Capital's Jeff Gundlach continues speaking on CNBC.
12:20 EDTGundlach believes Fed will not raise rates this year
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12:15 EDTEnergy Action: NYMEX crude peaked at $52.84
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12:10 EDTTreasury Action: there's been nothing new on the Fed policy front
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11:20 EDTFX Action: USD-JPY came up just shy of the 124 level
FX Action: USD-JPY came up just shy of the 124 level, peaking at 123.97 after spiking from 123.40 to 123.80 in the aftermath of the PPI/Yellen news. The June 26 peak of 123.98 provides resistance, while the usual talk of Japanese exporter offers from 124.00 has capped gains for now.
11:15 EDTFed Chair Yellen said Greek and Chinese issues are not new
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11:10 EDTTreasury Action: yields have steadied mid-range
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11:05 EDTFed Chair Yellen said a rate rise sometime this year is likely appropriate
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10:47 EDTStephens energy analysts hold an analyst/industry conference call
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10:44 EDTStephens retail/consumer analysts hold an analyst/industry conference call
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10:30 EDTCrude inventories for week of July 10
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10:25 EDTToday's U.S. reports
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10:20 EDTFX Action: USD-CAD spiked higher
FX Action: USD-CAD spiked higher after the BoC announcement, where rates were cut by 25 basis points to 0.50%. The statement revealed concerns over the growth outlook, exports, and commodity prices. USD-CAD rallied to 1.2923 highs, levels last seen better than six years ago. The March 9, 2009 peak of 1.2995 will be the next upside target, though some initial profit taking has seen the pairing pull back under 1.2900 for now.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | all recent NOSYMBOL news | >>

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