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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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January 29, 2016
07:30 EDTFX Update: The yen plummeted
FX Update: The yen plummeted after the BoJ unexpectedly announced that it will impose a -0.1% interest rate on excess reserves, effective from Feb-16. This was a shock as BoJ governor Kuroda said recently that did not intend to cut rates on excess reserves, and market analysts had been expecting that any easing move would come in the form of an expansion in the QQE program. The vote was narrow -- 5 versus 4 -- and a three-tier system in applying the negative rate will dilute its impact, but the BoJ stated that it is putting its 2% inflation target on ice and that it will cut the interest rate "further into negative territory if judged as necessary." USD-JPY surged 2.4% in making a peak at 121.43, the highest level since Dec-21. There were various sub-themes to the dominant yen story. The commodity currencies had rallied strongly during the Asian session, but reversed these gains during the European AM. AUD-USD clocked a three-week peak at 0.7140, subsequently reverting to net lower levels on the day below 0.7070. The move correlated with a drift lower in oil prices. Another sub-plot was dollar strength, which outeperformed during the European AM. EUR-USD was moderately lower in the low 1.09s, as of the early European PM session. Cable was also softer. EUR-CHF, meanwhile, logged a fresh one-year peak at 1.1139, making today the sixth consecutive higher high the cross has seen.
07:01 EDTFutures jump on Japan rate cut
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05:50 EDTOil holds above USD 33, but is off earlier highs
Oil holds above USD 33, but is off earlier highs, as Russia indicated that there is currently no meeting with OPEC scheduled, which dampened speculation on a cooperation on oil output. Russian Energy Minister Novak said that while Venezuela has proposed a meeting next month, nothing is scheduled. This followed comments from four OPEC delegates yesterday, who also said that no meeting has been arranged so far. Futures remain up on the day, however and firmly above recent lows, with the March Nymex future currently at USD 33.43 and the April contract at USD 34.95.
05:20 EDTOn The Fly: Morning Wrap-Up for January 29
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05:10 EDTFebruary front month equity options last day to trade is February 19, 2016
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02:45 EDTFX Update: The yen plummeted as JGB yields hit record lows
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01:55 EDTBank of Japan unexpectedly introduces negative interest rates.
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January 28, 2016
22:41 EDTWeek of 2/1 Money Supply to be released at 16:30
22:41 EDTWeek of 2/10 Fed Balance Sheet to be released at 16:30
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20:45 EDTJapan's data deluge was a dud
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16:38 EDTFed Balance Sheet Level data reported
Week of 1/27 Fed Balance Sheet Level at $4.482T
16:38 EDTMoney Supply M2 Weekly Change data reported
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16:28 EDT 3-Month Bill Announcement to be released at 11:00
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16:28 EDT 6-Month Bill Announcement to be released at 11:00
16:28 EDTWeek of 2/5 EIA Natural Gas Report to be released at 10:30
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16:28 EDT Federal Reserve Chair Janet Yellen Speech to be released at 10:00
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16:28 EDTWeek of 2/7 Bloomberg Consumer Comfort Index to be released at 09:45
17:58 EDTJobless Claims to be reported at 08:30
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16:00 EDTU.S. ECI Preview
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16:00 EDTU.S. Chicago PMI Preview
U.S. Chicago PMI Preview: January Chicago PMI is out on Friday and is expcted at 44.0 from 42.9 in December and 48.7 in November. Already released measures of January producer sentiment have weakened and the remaining releases look poised to remain depressed in January as analysts discussed in Monday's commentary. Analysts now expect the ISM-adjusted average of all measures to fall to a cycle-low 49 after holding at 50 since September. For even more information see our sentiment overview page.
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