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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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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 | 27 | all recent NOSYMBOL news | >>
November 18, 2014
07:26 EDTDeutsche Bank to hold a conference
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07:22 EDTFinancial Research Associates to hold a conference
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07:10 EDTFutures suggest another lackluster session
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06:50 EDTFX Update: The dollar was mixed
FX Update: The dollar was mixed, holding strong versus the yen while trading lower against the euro following strong data out of the Eurozone. USD-JPY logged a new seven-year peak at 117.06 on EBS, which by our reckoning surpassed yesterday's high by one pip, after Japanese PM Abe announced a postponement in a scheduled sales tax hike while calling for a snap election. The pair subsequently saw some whippy price which left an intraday low at 116.40. EUR-USD, meanwhile rallied from sub-1.25 levels to an intraday high at 1.2540, which reverses more than three quarters of yesterday's decline. The euro was bid following a much stronger than expected German ZEW investor confidence, which came in at 11.5 in the November from -3.6 in the previous month. AUD-USD logged a two-day low of 0.8682. The RBA minutes to the November meeting repeated that a period of rate stability is likely the most prudent course, and that the currency remains overvalued despite recent depreciation, remaining above "most estimates of its fundamental values." EUR-CHF continued to trade heavily, holding about 10-15 ticks above the SNB's 1.2000 franc cap.
06:00 EDTOn The Fly: Morning Wrap-Up for November 18
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05:49 EDTNovember front month equity options last day to trade is November 21, 2014
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02:15 EDTFX Update: The dollar consolidated
FX Update: The dollar consolidated during the pre-European session in Asia. EUR-USD settled around the 1.2470 mark after drifting up from around 1.2450. There was little appetite for follow-through euro selling following yesterday's remarks by ECB's Draghi, who said the monetary policy will take time to reach the real economy and suggested that the central bank can do more once policy makers have implemented structural reforms. USD-JPY carved out a 116.42-116.78 range in Tokyo, holding below the 117.05 seven-year peak see on Monday. Japanese policymakers continued to chew on trade-offs between stimulus, deficit spending and tax hike delays. Finance Minister Aso warned that raising the sales tax is unavoidable, regardless of timing as it is important to maintain market credibility with Japan's finances, and that ultra-loose monetary policy was about supporting fiscal reform. AUD-USD settled in the low 0.87s. The RBA minutes to the November meeting repeated that a period of rate stability is likely the most prudent course, and that the currency remains overvalued despite recent depreciation, remaining above "most estimates of its fundamental values." Elsewhere, EUR-CHF continued to trade heavily, holding about 15 ticks above the SNB's 1.2000 franc cap.
02:10 EDTFX Update: The dollar consolidated
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November 17, 2014
21:25 EDTChina's foreign direct investment rose 1.3% y/y in October
China's foreign direct investment rose 1.3% y/y in October, slowing somewhat from the 1.9% y/y rebound in September. September's gain followed large declines in July (-17.0% y/y) and August (-14.0% y/y). The year-to-date pace contracted 1.2% y/y, and was a 4th consecutive year-to-date decline. Meanwhile, outbound non-financial investment was up 17.8% y/y for the year-to-date, versus the 21.6% y/y pace for the Jan-Sep period. The slowdown in investment may be a reflection of investor fears over the slowing economy.
20:35 EDTJapan leaders continue to chew on trade-offs
Japan leaders continue to chew on trade-offs between stimulus, deficit spending and tax hike delays, with Economic Minister Amari saying it is up to PM Abe and Finance Minister Aso to decide what to do about the primary budget deficit target. The PM has apparently not given any specific instructions about the size of a potential stimulus package yet. Aso right on cue warned that raising the sales tax is unavoidable, regardless of timing as it is important to maintain market credibility with Japan's finances. Indeed, ultra-loose monetary policy is based on Japan pursuing fiscal reform. Snap elections by December 14 would also make it hard to put together the state budget for next year by year-end. The fiscal dilemma continues, soon to be followed by political drama and more BoJ hand-wringing. Meanwhile, the Nikkei +1.95% has clawed by 2/3rds of yesterday losses on the back-to-back negative GDP print, while USD-JPY has stabilized near 116.60.
15:29 EDTNomura retail analysts hold an analyst/industry conference call
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15:25 EDTTreasury Closing Summary:
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14:20 EDTEmerging Asia Central Banks to Take it Easy:
Emerging Asia Central Banks to Take it Easy: Emerging Asia's central banks have shifted to easier stances or held steady amid slower growth and rising uncertainty in the region. Japan's hefty Q3 GDP miss is a fresh addition to downside risks for Asia's economies, adding to the downdraft from a new normal of slower growth in China. Against this backdrop, the outlook is for either additional accommodation or steady policy through the first half of next year.
13:20 EDTFOMC Minutes awaited for more clarity on the rate trajectory
FOMC Minutes awaited for more clarity on the rate trajectory, though analysts doubt the report will satisfy. The mixed tone evident between recent FOMC policy statements, the Minutes, and Fedspeak don't suggest a lot of consistency. And the vagaries of the data, as well as global events, are keeping policymakers generally preferring the sidelines. There is ongoing market debate over the tone of the Minutes, and analysts lean on the side of a more dovish take versus the slightly more hawkish spin from the October 29 policy statement. Analysts suspect most FOMC participants will suggest more frustration, if not concern over the soft price trends, albeit while acknowledging the improvement in the job market. This would be akin to the Minutes to the September FOMC, which also leaned to the dovish side by noting concerns over weakness in Europe and the impact of the stronger dollar. Of course the leadership on the FOMC, Yellen, Fischer, and Dudley remains dovish. And there was a dovish dissent at the October meeting, all of which suggests a more bond-friendly tone.
12:05 EDTFX Action: USD-JPY has held relatively steady
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11:45 EDTTreasury's $52 B 3- and 6-month bill sale was well received
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11:40 EDTEuro$ interest rate options: bearish put positioning
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11:15 EDTTreasury announced a $40 B 4-week bill auction for Tuesday
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10:45 EDTTreasury Option Action: bearish put spread demand
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10:35 EDTToday's U.S. reports
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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 | 27 | all recent NOSYMBOL news | >>

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