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News For NOSYMBOL From The Last 14 Days
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March 19, 2015
08:00 EDTEnergy Action: NYMEX crude retained a good chunk
Energy Action: NYMEX crude retained a good chunk of its dollar sell-off driven gains on Wednesday, trading at $45.40/bbl in early N.Y., down from yesterday's $46.69 high, though well above the $42.50 level just ahead of the FOMC announcement. While the greenback remains off its best recent levels, oil prices may not have much more upside room, as crude supply remains abundant. The EIA on Wednesday reported a nearly 3 M bbl increase in storage at the Cushing, OK hub, which took stocks there to 54.4 M bbls, an all-time record high. Price support is seen at $44.30 now. RBOB gasoline trades at $1.7775/gallon, down from Wednesday's $1.82 peak, though well above the pre-Fed levels of $1.71. Natural gas futures are down slightly on the session, trading at $2.88/M BTU.
07:55 EDTSenate Committee on Small Business
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07:50 EDTHouse Energy & Commerce Committee to hold a hearing
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07:47 EDTSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:44 EDTSenate Banking, Housing & Urban Affairs Committee to hold a hearing
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07:35 EDTN.Y. FX Outlook
N.Y. FX Outlook: The post-Fed dollar sell-off was brief indeed, with EUR-USD back on the 1.06 handle, after soaring over 1.1040 in late N.Y. trade on Wednesday. The story is similar for the other major dollar pairings, as USD-JPY trades over 120.50, and USD-CAD up over 150 points from its 1.2500 low. With regards to EUR-USD, the very crowded short trade was thinned out to a degree, though with ECB QE just getting ramped up, and economic sluggishness, and the Greece situation still to be resolved, the euro may now have an easier path toward parity in the coming weeks. Wednesday's short squeeze was long overdue. On the calendar, Q4 current account and weekly jobless claims data are due at 8:30 EDT, followed by the March Philly Fed index, and February leading indicators, both at 10:00 EDT.
07:31 EDTFutures quiet following yesterday’s big advance
Stock futures are trading near fair value following yesterday’s big advance. Yesterday’s move put the Dow back above 18,000, and for a short time the Nasdaq rose above 5,000 and the S&P traded above 2100. The Dow swung more than 300 points after the Fed dropped the word “patient” from its statement. Today investors will be examining jobless claims data, the Philadelphia Fed manufacturing report, and the natural gas inventory report.
07:30 EDTTreasury Market Outlook: Treasuries are unchanged to slightly lower
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07:27 EDTHouse Financial Services Committee to hold a hearing
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07:10 EDTWall Street Analyst Forum
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07:07 EDTBofA/Merrill to hold a conference
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05:53 EDTOn The Fly: Morning Wrap-Up for March 19
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05:50 EDTMarch front month equity options last day to trade is March 20, 2015
04:00 EDTFX Update: The dollar majors have seen big volatility post-FOMC
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March 18, 2015
23:55 EDTAsian equities are mixed after the dovish Fed slant
Asian equities are mixed after the dovish Fed slant was perpetuated by Yellen and boosted Wall Street, despite the surrender of the "patient" policy reference. Japan's Nikkei sank 0.65% after the Fed shift saw the yen rally sharply to a high of 119.66 at one stage before retreating back over 120 again. Though the Chinese yuan rallied 0.4% to a 2-month high through 6.20 against the dollar (compared to 6.2590 levels on Tuesday), the Shanghai Comp managed to eke out a 0.2% again on continued stimulus hopes. Biggest gainer among the Asian-Pacific majors was the Australian ASX, which gained 1.7% on global growth optimism as the Fed is apparently no rush to hike while the rest of the world is going the opposite direction.
17:00 EDTTreasury Closing Summary:
Treasury Closing Summary: asset markets rocketed higher after the FOMC more than offset the removal of "patient" via a statement that was more dovish than anticipated. The 10-year yield dove over 14 bps to test 1.09%, while the Dow turned a 100 point decline into a 227 point increase to regain the 18,000 level. Fed funds futures jumped as well as the risk of a June rate hike was lowered substantially.
16:25 EDTFX Action: EUR-USD shot up to 1.1049
FX Action: EUR-USD shot up to 1.1049 highs, with thinning liquidity likely exacerbating the price action. From pre-Fed levels, the pairing rallied nearly 4 big figures. USD-JPY plummeted to 119.30 lows, a nearly one month low. The dollar index fell from 99.80 highs to 96.63.
16:10 EDTFed Swaps Patience for Pessimism:
Fed Swaps Patience for Pessimism: The FOMC dropped "patient" like a hot potato, but said the change in forward guidance did not alter the timing of the first tightening and a hike in April remained unlikely. More generally, sizable downgrades in the growth and inflation forecasts, combined with an array of downward revisions for the "dot plot" rate forecasts, left a surprisingly dovish result for the markets overall. According to the Fed, "economic growth has moderated somewhat" thanks in part to slowing export growth.
15:55 EDTU.S. Philadelphia Fed Index Preview
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15:50 EDTU.S. Initial Jobless Claims Preview
U.S. Initial Jobless Claims Preview: Claims data for the week of March 14th is out Thursday and should reveal a 290k (median 290k) headline, essentially the same as last week's 289k headline. Analysts expect claims to improve in March with a month average of 293k compared to a higher 306k in February and 294k in January.
<< 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 | 30 | 31 | all recent NOSYMBOL news | >>

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