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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| May 8, 2013 |
| 04:55 EDT |  | | FX Action: USD-JPY was capped over 99.00
FX Action: USD-JPY was capped over 99.00 overnight as non-Japanese accounts pared back long positions after increased exporter hedging on Monday and Tuesday. Positive risk appetite has helped the JPY crosses, but yen selling has lost some its intensity. The BoJ have eased policy and are likely to digest the impact from the new asset purchase scheme before shifting again. There are also very heavy outstanding 100.00 barriers that are still intact, which has encouraged hedging from lifers and exporters that want to lock current levels. Until these flows run their course USD-JPY may be a range trade. On an intra-day basis, support is noted into 98.50-60. Offers are noted from 99.20-30. |
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| 01:10 EDT | | | Asian stocks were boosted by China trade
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| May 7, 2013 |
| 15:20 EDT | | | Treasury Closing Summary:
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| 15:15 EDT | | | Treasury Action: yields remained stalled near highs
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| 15:10 EDT | | | U.S. consumer credit rose only $8.0 B in March
U.S. consumer credit rose only $8.0 B in March, half of what was expected, from a revised $18.6 B surge in February (was $18.1 B). Revolving credit, i.e. credit cards, declined $1.7 B after a 0.5 B gain previously. Nonrevolving credit, including auto loans and student loans, climbed $9.7 B following February's $18.2 B jump (revised from $17.6 B). The data shouldn't have market impact. |
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| 15:10 EDT | | | Canada Housing Starts Preview
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| 14:30 EDT | | | U.S. consumer credit preview:
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| 14:15 EDT | | | U.S. equities are consolidating higher
U.S. equities are consolidating higher though forward progress has stalled a bit after Europe's strong close. The Euro Stoxx 50 rose 0.67%, helped by solid German manufacturing orders, while the Italian MIB outperformed at +1.54% as yield spreads continued to narrow there. The Dow and S&P are up about 0.5%, with the NASDAQ comp lagging for a change just in positive territory. Biggest gainers so far have been Caterpillar at +2% and JPMorgan +1.95%, while the losing column has been led by Cisco -1.9% and Microsoft -1%. Yet that's been enough to keep risk assets lording it over safety. The T-note remains lodged just below session 3-week highs of 1.79% |
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| 14:09 EDT | | | Dow, S&P at all-time highs
The market began the day in quiet fashion but has steadily tacked on gains, pushing the Dow and S&P 500 to new all-time highs with the Dow poised to close above 15,000 for the first time. Advancing stocks are ahead of declining stocks by more than 2:1 and up volume is ahead of down volume by the same margin. Crude oil prices are lower by 0.6% and gold is lower by 1.2%. The Dow is up 74 points, the Nasdaq is up 4 points, and the S&P is up 7 points. |
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| 13:26 EDT |  | | Sequestration's effects on economy will accelerate, The Hill reports
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| 13:20 EDT | | | Treasury Action: yields inched higher
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| 13:10 EDT | | | Treasury's $32 B 3-year note auction was disappointing
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| 13:03 EDT | | | Week of 5/18 Redbook to be released at 08:55
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| 12:45 EDT | | | Treasury 3-year note auction preview:
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| 12:25 EDT | | | Treasury Option Action: more unwinding of bearish positioning
Treasury Option Action: more unwinding of bearish positioning has been reported into the sell-off, with profit-taking sales of 5k in Jun 132.5 puts on 10-year futures. Note, there was a build-up in such bearish positioning into the payrolls report on Friday and so far this week there has been mainly squaring up of these positions, suggesting some are playing for the range to remain intact rather than have the sell-off deepen. |
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| 11:49 EDT | | | Week of 5/18 ICSC-Goldman Store Sales to be released at 07:45
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| 11:45 EDT | | | Treasury's $20 B 4-week bill auction results were very strong
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| 11:15 EDT | | | NY Fed bought $1.456 B in bonds
NY Fed bought $1.456 B in bonds in today's buyback. The Street offered $4.43 B. Treasury yields are modestly higher given the advance in stocks but off their intraday peaks. The yield on the current 30-year is at 2.989%, having found some buyers (along with the Fed) at the 3.0% level. Though demand for risky assets has been on the rise since the jobs report, traders believe the stimulus from central banks around the world (Australia just cut 25 bps) will generally be supportive of bonds. |
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| 11:05 EDT | | | Euro$ interest rate options: a large curve steepener
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| 10:30 EDT | | | NY Fed outright purchase: the Fed is buying $1.25 B to $1.75 B in bonds
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