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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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February 11, 2016
06:55 EDTFX Action: The yen has continued to be haven currency of choice
FX Action: The yen has continued to be haven currency of choice, showing a 2.3% haemorrhage versus the underperforming Aussie dollar and a 1.6% decline to the dollar. This is part of the biggest rally the yen has seen since the crisis days of 2008. The currency is up over 8% from the lows it saw in the immediate wake of the BoJ's unexpected adoption of a sub-zero interest rate policy on Jan-29. The BoJ may have to make a bolder commitment to negative interest rates if it wants to match the success in muting unwanted currency strength that has been enjoyed by Switzerland's SNB, which has a punishing -0.75% rate on sight deposits, and Sweden's Riksbank, which today cut its repo rate to 0.5%. By comparison the BoJ has a -0.1% rate on excess reserves, and a three-tier system in applying the negative rate dilutes its impact. The central bank's pledge to cut rates "further into negative territory if judged as necessary," is now looking increasingly likely to be fulfilled. Direct intervention is another option. MoF's Asakawa, the boss of FX policy in Japan, said today that his ministry is watching markets "to see if there are speculative moves," though his shot across the bows had little impact.
06:17 EDTCBOE Gold Volatility Index GVZ elevated as gold trades above $1200
CBOE Gold Volatility Index GVZ at 21.36 compared to 50-day moving average of 16.81 as gold trades above $1200
05:40 EDTOil extends losses
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05:24 EDTOn The Fly: Morning Wrap-Up for February 11
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05:21 EDTFebruary front month equity options last day to trade is February 19, 2016
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03:15 EDT St Louis Federal Reserve Bank President James Bullard Speech to be released at 18:30
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02:55 EDTFX Update: The yen continued to rise
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February 10, 2016
17:01 EDTWeek of 2/19 EIA Petroleum Status Report to be released at 10:30
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15:00 EDTTreasury Closing Summary:
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14:55 EDTTreasury Option Action: some put activity
Treasury Option Action: some put activity was noticed during the back end of Yellen testimony, according to sources. Among them was a purchase of 6k in March 121.00 puts on 5-year futures against a sale fo 12k in 120.75 puts as part of a 1x2 put ratio done on the floor for a tick credit. Also there was a dealer purchase of 2k in March 120.24/121/121.25/121.5 put condors, paying half a tick when the underlying future was slightly firmer at 121-13. March 5s are a tick firmer near 121-18 presently compared to a 121-215 to 121-082 session range.
14:30 EDTYellen's "Half Empty" Semi-Annual Testimony:
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14:20 EDTTreasury Action: yields settled lower led by the long-end
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14:12 EDTStocks holding onto gains
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14:10 EDTTreasury announced a $55.2 B budget surplus for January
Treasury announced a $55.2 B budget surplus for January, much improved from the $17.5 B shortfall registered in January 2015, and the $10.3 B red ink amount from 2014. Receipts increased 2.2% y/y, while spending dropped 20.3% y/y. For the 4 months of the fiscal year to date, the deficit totals $160.4 B, a 17.4% improvement versus the $194.2 B shortfall for the same period last fiscal year.
14:00 EDTTreasury Budget data reported
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13:50 EDTNY Fed's reverse repo totaled $48.0 B
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13:50 EDTU.S. Treasury Budget Preview:
U.S. Treasury Budget Preview: The Treasury is expected to report an $50 B surplus for January (median $16.0 B) versus a $17.5 B deficit in January of last year. This estimate aligns with the CBO Monthly Budget Review released Feruary 5, though forecast risk is upward, as there was a delay in the start of refunds. preview.
13:25 EDTFed Chair Yellen has concluded today's testimony
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13:15 EDTFX Action: EUR-USD skidded from session highs
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13:15 EDTTreasury's $23 B 10-year auction was ok
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