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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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June 25, 2015
02:30 EDTFX Update: The yen has traded higher
FX Update: The yen has traded higher amid a backdrop of risk aversion, with the currency rediscovering its inverse correlation with stock markets. USD-JPY fell to a two-day low of 123.55 while EUR-JPY dipped to a low of 138.41. EUR-USD, meanwhile, oscillated around 1.1200, lacking downside impetus despite the stalemate in Greek negotiations with creditors. There was little fresh news leads of note in Asia. China's PBOC injected cash in an open market operation for the first time since April. Australian job vacancies rose 2.1% q/q in the three months to May, up from 1.4% last. This helped AUD-USD, which lifted to the mid-0.77s, and AUD-JPY also ground out a moderate gain, though both the pair and the cross remained within the respective ranges seen yesterday.
02:01 EDT FOMC Minutes to be released at 14:00
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02:01 EDTWeek of 7/3 EIA Petroleum Status Report to be released at 10:30
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June 24, 2015
15:10 EDTTreasury Closing Summary:
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14:03 EDTMarket at session lows in afternoon trading
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13:15 EDTFX Action: USD-JPY managed 124.37 highs
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13:15 EDTTreasury Action: 5-year yields backed up sharply
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12:55 EDTInvestor Carl Icahn Tweeted that the market is "extremely overheated"
Investor Carl Icahn Tweeted that the market is "extremely overheated" especially high yield bonds and "if more respected investors had warned about the market in '07, analysts might have avoided the crisis in '08." He also sold the last of his Netflix holdings today and believes that "Apple currently represents same opportunity analysts stated Netflix offered several years ago." He stick speaks highly of Netflix management, however. It is possible that these high profile Tweets and follow-up interview on CNBC are adding to the weakness on stocks today as he personally sees risk of a "dramatic pullback" and has issues with fudged GAP accounting results and elevated earnings ratios, which Apple does not. He has not trimmed Apple holdings and in some sense is talking against his own book, given $billions in stock holdings, and if other sectors go down further like in the energy sector he would be a buyer.
12:45 EDTTreasury's 5-year auction outlook: the auction should be well received.
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12:40 EDTU.S. 5-year technicals: sitting right on the 50% retrace level
U.S. 5-year technicals: sitting right on the 50% retrace level of 1.694% drawn from the 1.811% June 11 high and 1.564% June 19 low, the 5-year yield is stuck mid-range for June while awaiting the results of the $35 B auction. The back-up in yield this week could prove attractive for foreign indirect demand as Greece resumes its spat with creditors, but a potential deal breakthrough and proximity of the first Fed rate move in 7-years could keep a floor under the yield. Near-term yield supports are the 1.587% trendline and 1.564% June lows, while resistance is marked by 1.75% psych and 1.811% June highs.
11:59 EDTWeek of 7/3 MBA Mortgage Applications to be released at 07:00
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11:45 EDTTreasury's $13 B 2-year FRN reopening was on the soft side
Treasury's $13 B 2-year FRN reopening was on the soft side. The issue was awarded at a high discount margin of 0.076%, 13 bps above the 0.069% at the May sale. Bids totaled $48.6 B for a 3.74 cover, versus 4.01 in May and 3.81 for the $15 B new issue in April. Indirect bidding was strong, however at 56.4% compared to 49.2% previously and 62.7% in April.
11:15 EDTTreasury Action: yields backed up to highs
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11:10 EDTTreasury's 5-year auction outlook: the auction is expected to benefit
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11:00 EDTFX Action: USD-CAD is up
FX Action: USD-CAD is up at levels last seen on June 9, peaking at 1.2412, and up from 1.22278 overnight lows. Buying picked up steam on the move over 1.2340-45, which were the earlier tops, and again over 1.2360, the 20-day moving average, and 1.2380, which was Tuesday's high water mark. The June 9 high of 1.2441 is the next upside chart target. CAD losses have come despite the firmer oil price backdrop, as the greenback overall trades on a stronger footing this morning.
10:30 EDTCrude inventories for week of June 19
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10:10 EDTTreasury Option Action: mixed positioning in very quiet trade
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09:55 EDTFed VC Fischer discussed supervisory stress testing
Fed VC Fischer discussed supervisory stress testing of large systemic financial institutions at a Stockholm conference on bank regulation, but did not stray into policy or the economy per se. For details, see his speech.
09:34 EDTGreek concerns lead to lower open
Stock futures moved lower during the pre-market trading session when reports surfaced that creditors had rejected Greeceís latest proposal to deal with its financial problems. The marketís rally over the last two day was largely attributed to progress that had been made in putting together a potential deal for Greece with its debt repayment deadline fast approaching. The early U.S. economic reports included the final reading on first quarter GDP, which was bumped up, as expected, but still reflects a small contraction in the first three months of the year. The lone economic data remaining is the weekly energy inventory report, due out at 10:30 am EDT. In early trading, the Dow is down 67 points, the Nasdaq is down 9 points and the S&P is down 4 points.
09:15 EDTU.S. probe of the $12.7 tln Treasury market
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<< 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 | all recent NOSYMBOL news | >>

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