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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
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July 30, 2014
05:55 EDTOn The Fly: Morning Wrap-Up for July 30
Globex S&P futures are recently up 4.70 from previous day’s SPX cash close. Nikkei 225 up 0.18%, DAX 0.00%. WTI Crude oil is recently at $101.38, natural gas down 0.08%, gold at $1300 an ounce, and copper down 0.26%.
05:45 EDTAugust front month equity options last day to trade August 15, 2014
04:25 EDTFX Action: USD-JPY logged a fresh three-week high at 102.18
FX Action: USD-JPY logged a fresh three-week high at 102.18, breaching yesterday's peak by a coule of pips. Perky short-end U.S. Treasury yields ahead of today's FOMC announcement, which analysts don't expect to bring a major revelation but should affirm a further $10 B worth of QE tapering, has helped underpin the dollar. A 3.3% dip in preliminary Japan industrial production for June, meanwhile, saw the Nikkei stock index underperform in Asia today, and the data could add to pressure on the BoJ to implement further stimulus. An MS research piece this week argued that the BoJ may be obliged to do this as the likelihood of achieving the 2.0% inflation target is declining. This backdrop should keep the bias to the upside in USD-JPY. Resistance at 102.26 (Jul-3 high).
04:15 EDTFX Action: USD-JPY logged a fresh three-week high at 102.18
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02:10 EDTFX Update: EUR-USD edged out a fresh low
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July 29, 2014
20:35 EDTJapan's industrial production fell a preliminary 3.3% in June
Japan's industrial production fell a preliminary 3.3% in June (m/m, sa), a larger drop than anticipated after improving 0.7% in May. Industrial production grew at a 3.2% y/y rate in June, also undershooting projections, after the 1.0% y/y gain in May. The trade ministry anticipates output growth of 2.5% m/m in July and 1.1% in August. USD-JPY is steady near 102.1 after holding just below 102.0 during North American hours. USD-JPY had been trading on a 101 handle for over two weeks. Analysts favor the topside over the coming sessions.
19:51 EDTJuly Treasury Budget to be released at 14:00
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16:07 EDTWeek of 8/9 Redbook to be released at 08:55
16:07 EDTWeek of 8/9 ICSC-Goldman Store Sales to be released at 07:45
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15:35 EDTTreasury Closing Summary:
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15:33 EDTThree Russian banks added to U.S. sanctions list
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14:35 EDTCanada Industrial Product Price Index Preview
Canada Industrial Product Price Index Preview: Analysts expect the IPPI, due Wednesday, to fall 0.3% in June after the 0.5% decline in May. Energy prices rose in June, but to a far smaller degree than in recent months. And the CAD gained further value versus the U.S. dollar. The RMPI is projected to rise 0.5% m/m in June. An as expected report should be taken in stride, as inflation data was pushed to the back-burner by the BoC in July's MPR, with the focus now on the growth outlook.
14:20 EDTTreasury Action: debt managers sell $29 B in 7-year notes Thursday
Treasury Action: debt managers sell $29 B in 7-year notes Thursday which will finish off this week's coupon auctions. There's also a $15 B 2-year FRN offering (11:30 ET). The wi 7-year richened over 2 bps to 2.15% following the successful 5-year auction. Month-end and geopolitical concerns could provide support. There's some speculation, though, that some buyers will remain sidelined ahead of the FOMC. Last month's sale was disappointing as the note tailed out to 2.152% and saw a low 2.44 cover and a 40.6% indirect bid.
13:50 EDTFed Policy Outlook: analysts don't expect any surprises from the FOMC
Fed Policy Outlook: analysts don't expect any surprises from the FOMC with tomorrow's policy announcement (there isn't a press conference or SEP). Another $10 B cut in QE purchases is universally expected, with the Fed expected to finish its buybacks in October with a $15 B reduction. Though there is likely to be a hot debate over the policy stance and the timing and tactics behind the exit, as suggested by Fed hawk Fisher's dissenting Op-Ed in the Wall Street Journal, the policy statement won't give anything away in terms of explicit strategies or rate lift-off timing. Indeed, about the only material change in the statement relative to June's should be a slight upgrade to the economic outlook and labor market conditions, while the statement on inflation should reiterate prices are running below target but longer-term expectations have remained stable. Risk is that the Fed starts to adjust its forward guidance and the "considerable time" phrase with respect to keeping rates low. And not now, but soon, the FOMC will have to start signaling how it will handle its portfolio. The markets are also seeing increased risk the Fed tightens sooner and more aggressively than is currently foreseen but there isn't likely to be any such indication here. Analysts are still forecasting the first rate hike will take place in Q2. Many other Fedwatchers have been pushing up their forecasts from 2H. And given the improvement in the labor market, there is risk for a hike as early as the March 17, 18, 2015 meeting, especially as it includes a press conference.
13:35 EDTEuro$ interst rate options: a few larger trades
Euro$ interst rate options: a few larger trades included a 30k block trade on Red December (2015) 91 calls, thought to be a bearish sale according to sources. There was also a "large roll" purchase of 20k in Short September 91 calls vs sale of Short August 91 calls. Selling volatility was a 1.5k sale of 88 straddles on Short December contracts. Euro$s remain defensive as the FOMC dissects the charts and spreadsheets today.
13:15 EDTTreasury's $35 B 5-year sale was solid and better than expected
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13:15 EDTTreasury Action: intermediate yields sank
Treasury Action: intermediate yields sank after the solid takedown on the 5-year issue and its various components, leaving the current 5-year yield back down below 1.70% compared to pre-auction levels near 1.714% and the award rate of 1.72% on the new notes.
12:45 EDTTreasury 5-year auction preview: a lukewarm sale is generally expected
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12:05 EDTFX Action: USD-CAD continues to climb
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11:50 EDTTreasury's $40 B 4-week bill auction was very well received
Treasury's $40 B 4-week bill auction was very well received. The upsized bill (increased by $5 B versus last week) was awarded right on the screws at 0.03%. Bids totaled $163.6 B for a 4.12 cover, well above the prior 3.94, especially considering the increased size. Indirect bidders took 27.1%, more than three times last week's poor 8.3% (the lowest since February) and better than the 18.3% average.
<< 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 | 29 | all recent NOSYMBOL news | >>

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