New User:

Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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 | 29 | 30 | all recent NOSYMBOL news | >>
February 18, 2015
14:25 EDTFX Action: The dollar fell broadly
FX Action: The dollar fell broadly after the release of the FOMC minutes, which seemed to question the timing of raising rates. Equities took this as a positive, as Wall Street initially pared gains, but the dollar took a turn for the worse. EUR-USD spiked to 1.1411 highs from 1.1340, as USD-JPY fell under 118.70 from 119.75.
14:16 EDTWeek of 2/27 MBA Purchase Applications to be released at 07:00
14:15 EDTFOMC minutes suggested a less hawkish stance than the markets feared
FOMC minutes suggested a less hawkish stance than the markets feared. Many officials thought that removing the word "patient" could lead to an unwanted shift in market expectations for rate liftoff. It also suggested many policymakers were inclined to stay at zero rates for longer. However, there was widespread views that policy should remain data dependent. While risks were seen as nearly balances, many saw downside risks if foreign weakness worsened. The slowdown in China was particularly noted. There were also worries that tepid wage growth could restrain spending. Also, the stronger dollar could be a persistent drag on exports. There were mixed views on the decline in oil prices, with some seeing it underpinning spending. On the other hand, several participants noted the bearish impact of layoffs from the oil and gas industries. The back-and-forth in the minutes leaves a June hike on the table, but did not heighten the risk.
14:15 EDTTreasury Action: yields took a dive
Subscribe for More Information
14:02 EDTMinutes show many Fed members inclined to keep rates lower for longer
Subscribe for More Information
13:54 EDTGreek finance minister pledges cooperation, reforms, Business Insider reports
Subscribe for More Information
13:48 EDTECB approves ELA for Greek banks for two weeks, Dow Jones says
Subscribe for More Information
13:45 EDTEnergy Action: NYMEX crude has posted new intra day lows
Energy Action: NYMEX crude has posted new intra day lows of $51.84, falling from session highs of $53.19, and under early lows of $51.89. Sources say the Exxon-Mobil refinery incident in California had little to do with the latest crude sell-off, though with refinery maintenance and labor action outages, a broken refinery won't do anything to improve the crude demand picture.
13:35 EDTU.S. FOMC minutes preview:
U.S. FOMC minutes preview: the minutes should reveal a more upbeat outlook on the economy and labor market. But there's not likely to be any strong indication over the timing of rate liftoff. Nevertheless, the tone of minutes could set the stage for Fed Chair Yellen's Monetary Policy Report next week. The discussion around the inclusion of the "financial and international developments," the main surprise out of the January 27, 28 policy statement will be closely examined for any hints on what risks might be standing out. Also of interest will be the new watch word, "patient." Analysts're likely to see considerable discussion over its longevity. Fedspeak has indicated most Committee members support the view that inflation is being temporarily depressed by declining energy prices.
12:40 EDTTreasury Curve Action: slight flattening
Subscribe for More Information
11:50 EDTFX Action: USD-JPY peaked at 119.36
FX Action: USD-JPY peaked at 119.36 early in the session, and has since faded to 119.08 lows, as stocks languish in shallow negative territory, and as yields fade some. Bidding interest has been reported into 119.00, with offers seen into 119.40 now. Stops are rumored at 119.50, though thick Japanese exporter offers are said to be parked from 119.80 to 120.00. BoJ chief Kuroda affirmed overnight that there is no imminent need for more stimulus, which for now at least may take some urgency away from buying USD-JPY.
11:45 EDTTreasury's $40 B 4-week bill auction was solid
Subscribe for More Information
10:55 EDTToday's U.S. reports
Subscribe for More Information
10:10 EDTEuro$ interest rate options: some bullish positioning in block trade
Euro$ interest rate options: some bullish positioning in block trade was reported in the form of purchases of 15k in September 95/96 call 1x2s and 3k in September call 2x3s. Otherwise it was a pretty quiet start, say sources, with the bullish sale of 1.5k in Short March 88 puts as well. The June 2015 contract is a half-tick higher near 99.57, while the deferreds are mixed ranging from -0.5 to +3 ticks.
10:00 EDTThe 0.2% U.S. industrial production utility-led bounce in January
Subscribe for More Information
09:38 EDTMarket opens slightly lower after housing, industrial production data
Stock futures traded slightly below fair value throughout the pre-market trading session, with little help from the early economic reports, which included lower than expected housing starts and industrial production growth. The focus will now be on this afternoon’s release of the minutes from the January FOMC meeting, which are scheduled for release at 2:00 pm EST. In early trading, the Dow is down 34 points, the Nasdaq is down 2 points and the S&P is down 3 points.
09:35 EDTThe 2.0% January U.S. housing starts drop
The 2.0% January U.S. housing starts drop to a 1.065 M clip tracked estimates, after small downward revisions that left a small disappointment, alongside a 0.7% permits drop to a 1.053 M rate that reflected a new series based on a 2014 "universe" of places that require permits, versus 2004. January housing starts weakness was led by the single family component, which fell 6.7%, and with starts in the Midwest, which plunged 22% due to harsh weather. The weather has had an oscillating effect on data this winter, as a harsh November was followed by a mild December, but then harsh weather again in January and February. These gyrations were documented by the industrial production report's utility figures, given a 2.3% January bounce after a 6.9% December decline but 3.6% November rise. Beyond weather, the single-digit pace of the housing market recovery since 2013 is disappointing, as the sector faces an ongoing headwind from mortgage market dysfunction and investor caution. Analysts now expect growth for starts under construction of 14% in Q1 that matches the 14% (was 15%) rate in Q4, and our Q1 GDP estimate remains at 2.5%.
09:30 EDTTreasury Action: yields remained below highs
Subscribe for More Information
09:30 EDTFX Action: The dollar eased a touch
Subscribe for More Information
09:25 EDTU.S. industrial production rose 0.2% in January
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 | 29 | 30 | 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 disclaimer & terms of use