New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
Check below for free stories on NOSYMBOL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 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 | all recent NOSYMBOL news | >>
July 30, 2014
10:30 EDTToday's U.S. reports
Subscribe for More Information
10:25 EDTEuro$ interest rate options: mostly bearish positioning
Euro$ interest rate options: mostly bearish positioning fit with the upswing in GDP and large 150k bearish bet on September 2014s reported earlier in underlying futures. These included a purchase of 23k in a "put diagonals" in favor of Green August 80 puts vs Green September 77 puts. Also a block trade of 20k in Green December 73/76 put spreads purchased against Green December 81/83 call spreads. In addition, there was a purchase of 5k in June 92/95 put 1x2s and bullish sale of 5k in Blue December 70 puts outright. The September 2014 contract remains a tick lower at 99.755, while deferreds are off by as much as 9.5-ticks now.
10:10 EDTPIMCO's Gross released his August investment Outlook
PIMCO's Gross released his August investment Outlook entitled "Goodnight Vietnam" in which he continues to see rates staying low "due to a lack of aggregate demand and a surfeit of supply." Gross expects capital gains from "almost all asset classes are approaching dusk. Low but relativley dependable income will be the market's future driver." In terms of the curve, "PIMCO has indexed durations, a belief in a flattening but still historically steeper global curve, and credit positions that are mildly overweight." Moreover, he sees the Old Neutral policy rates of 2-4% nominal as out, while New Neutral rates of 0-2% are in given the lack of global demand and rates not rebounding as far as the markets expect. That implies a strategy of high quality Treasury and corporate bonds being "fairly priced, but not cheap;" yield curve flattening; tight credit spreads and the Fed on hold to mid-2015; hiking to 2% by 2017; owning some "bonds and an average proportion of stocks too."
09:45 EDTU.S. Q2 GDP growth beat estimates
U.S. Q2 GDP growth beat estimates thanks to upside surprises across all the major components except trade. Analysts saw a firm 2.3% Q2 growth clip for final sales with a big $58.2 B Q2 inventory boost, though from a weaker Q1 level that left an expected $93.4 B Q2 accumulation rate. Analysts saw a big 5.9% growth pace for fixed investment that was lifted by a 5.3% rise for nonresidential construction despite an expected decline, a firm but expected 7.0% rise for equipment spending, and a 7.5% growth clip for residential construction. Consumption grew at a modestly stronger than expected 2.5% clip, while net exports subtracted the largely expected $23.1 B. Our Q3 GDP growth forecast will likely remain at 3.5% until analysts can review Friday's wide array of reports that will include the June personal income data with annual revisions.
09:38 EDTStrong GDP data lifts market at open
Subscribe for More Information
09:30 EDTThe pop in Q2 GDP growth to 4.0%
Subscribe for More Information
09:25 EDTEuro$ interest rate futures: a massive fire sale
Euro$ interest rate futures: a massive fire sale started late yesterday and has tallied up to 150k in sales of September 2014 contracts so far today. Sources are not sure if this a new bearish short position or a liquidation of previously long position, but are awaiting open interest data at around 11 ET for further clues. The GDP rebound in Q2 has put the Fed meeting in a different light and tilts towards hawkish case and the rate market appears to be reacting accordingly, with the September 2014 contract a tick lower at 99.755 and the deferreds cascading 1-8.5 ticks lower out the back.
09:20 EDTSenate Banking, Housing & Urban Affairs Committee to hold a hearing
Subscribe for More Information
09:16 EDTHouse Foreign Affairs Committee to hold a hearing
Subscribe for More Information
09:15 EDTFX Action: USD-CAD ramped up to 1.0893
FX Action: USD-CAD ramped up to 1.0893 highs after the mix of stronger U.S. GDP, and cooler Canadian IPPI data. In addition, U.S./Canadian yield spreads have moved to 2014 highs, in favor of the USD. The June 18 high of 1.0899 remains in place as initial resistance, while stops are noted over the figure.
09:10 EDTFed Policy Outlook: the FOMC has begun today's meeting.
Subscribe for More Information
09:10 EDTU.S. equities extended their rally
Subscribe for More Information
09:07 EDTHouse Financial Services Committee to hold a hearing
Subscribe for More Information
09:04 EDTThe SEC to hold a closed commission meeting
Closed Commission Meeting to discuss institution and settlement of injunctive actions, the institution and settlement of administrative proceedings and other matters relating to enforcement proceedings will be held at SEC Washington, D.C. offices on July 30 at 2 pm.
08:55 EDTFX Action: The dollar rallied broadly
FX Action: The dollar rallied broadly after the much stronger GDP outcome, taking EUR-USD to fresh trend lows of 1.3371, and USD-JPY to highs of 102.50. Equity futures rallied, as yields advanced as well. Initial euro support is seen at 1.3360-40, with the November lows of 1.3320-00 the next downside target from there. USD-JPY meanwhile, appears set to test June highs inside the 102.60-80 region.
08:45 EDTTreasury Action: yields shot higher
Treasury Action: yields shot higher after the expected Q2 GDP rebound came in much firmer than forecast at 4.0% and the big drop in Q1 due to the winter vortex was revised up substantively to -2.1% from -2.9% previously. That drove the 10-year yield back up over 2.51% from under 2.47% following the tepid ADP release. The 2s-10s spread unwound some recent flattening and traded back to +194 bp from +192 bp. This will give Fed hawks a little more ammo and could on the margin effect the tone of the Fed statement later.
08:45 EDTU.S. GDP growth rebounded 4.0% in Q2
Subscribe for More Information
08:35 EDTFutures remain higher following economic reports
Subscribe for More Information
08:30 EDTTreasury Action: yields pulled back from highs
Treasury Action: yields pulled back from highs set earlier ahead of the ADP report, which came in below elevated expectations and was closer to our forecast. The T-note yield had been pushing back above 2.485% before dropping a basis point down to 2.475%, compared to lows of 2.465% in Asia. The 2s-10s spread is consolidating near +192 bp, while the 5s-30s spread near +151 bp.
08:30 EDTFX Action: The dollar pulled back briefly
Subscribe for More Information
<< 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 | all recent NOSYMBOL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use