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Stock Market & Financial Investment News

News For NOSYMBOL From The Last 14 Days
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December 17, 2014
04:34 EDT 4-Week Bill Auction to be released at 11:30
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01:30 EDTFX Update: The Aussie dove to new trend lows
FX Update: The Aussie dove to new trend lows with AUD-USD diving below 0.8200 and logging a four-year low at 0.8145. The didn't appear to be a catalyst, and stock markets and commodity prices were generally steadier in Asia-Pacific, though there remain prevailing concerns about the growth outlook in Asia and globally. The Asia Development Bank trimmed its growth forecast for the region to 6.1% from 6.2% for 2014 and to 6.2% from 6.4%. The NZD also traded lower after RBNZ's McDermott said that the exchange rates is still "unjustifiable" and "unsustainable." USD-JPY traded relatively steadily in Tokyo after yesterday's sharp decline to a 115.57 low and recovery to 117.76. Concerns that Russia may be headed for a default, similar to 1998 (the Russian central bank estimates that the economy will contract 4.6% in 2015 if oil prices stay at $60)) should keep a USD-JPY a sell on rallies. The yen traded sharply higher during the 1997-1998 financial crisis period. EUR-USD sank back below 1.2500 after peaking yesterday at 1.2569. Market focus is now squaring on the FOMC announcement and press conference. Analysts think the Fed will drop the "
December 16, 2014
23:00 EDTReaction to Japan's trade gap has been relatively mild
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18:01 EDTMoody's cuts Alaska outlook to Negative from Stable, cites price of oil
Moody's Investors Service has revised the credit outlook for the State of Alaska to negative from stable, following a plunge in oil prices since the start of the state's fiscal year that now threatens to rapidly and significantly reduce the state's budgetary reserves. The outlook applies to $840M of general obligation debt, rated Aaa; $290M of subject-to-appropriation debt, rated Aa1; and to about $870M of bonds backed by the state's moral obligation that have been issued by the Alaska Municipal Bond Bank and by the Alaska Energy Authority and that are rated Aa2. At the same time, we have affirmed the Aaa rating assigned to the state's GO bonds, the Aa1 rating assigned to subject-to-appropriation debt, and the Aa2 rating assigned to the moral obligation bonds. Reference Link
17:22 EDT.
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17:22 EDTWeek of 12/27 Redbook to be released at 08:55
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17:22 EDTWeek of 12/27 ICSC-Goldman Store Sales to be released at 07:45
15:11 EDTSPDR Barclays High Yield Bond ETF volatility spikes as ETF at three-year low
SPDR Barclays High Yield Bond ETF December call option implied volatility is at 17, January is at 15, March is a t3; compared to its 26-week average of 8 according to Track Data, suggesting large price movement.
15:00 EDTTreasury Closing Summary:
Treasury Closing Summary: A wild ride on Tuesday saw further trend lows in oil pull the carpet out from under the Russian ruble, in turn provoking a 6.5% hike in Russian base rates to 17%. Initially that saw stocks, yields and the dollar plunge as the risk switch flipped to "off", but the ruble eventually fought its way back with stocks, the dollar and yields following suit. Quite a day for the FOMC to begin to assess its rhetorical options and potential market reaction, while both housing starts and Markit flash PMI faltered.
14:45 EDTOil price volatility leading to swings in equity market
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14:35 EDTCanada Wholesale Shipment Preview
Canada Wholesale Shipment Preview: Analysts expect shipments, due Wednesday, to fall 0.5% in October after the 1.8% surge in September. The forecast risk is downward given the hefty gain in September. While this report is typically overlooked, but an as expected drop would track expectations for a slowing in October GDP to a 0.1% m/m rate of growth after the 0.4% surge in September GDP.
13:47 EDTMarket-Vector Russia ETF Trust December volatility elevated at 123
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13:40 EDTTreasury Option Action: mostly bullish positioning was the rule
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13:15 EDTFX Action: USD-JPY has recovered sharply
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13:10 EDTFOMC preview: the FOMC began its meeting
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12:50 EDTFOMC Forecast revisions
FOMC Forecast revisions from this week's FOMC meeting will be revealed Wednesday, and later in the January 7 FOMC minutes. Analysts expect boosts in the 2014 GDP and PCE chain price figures due to stronger Q3 and Q4 growth prospects since September and the sharp year-end plunge in oil prices. Analysts expect a trimming in 2014 high-end estimates for core inflation and the Fed funds rate. Beyond 2014, the GDP growth estimates are likely to be trimmed and narrowed, as only the low-end estimates look too pessimistic, while headline inflation will likely be lowered modestly in 2015 and 2016 given the weak trajectory for energy prices and lower global growth estimates. Future core inflation estimates will likely be lowered only slightly. All the jobless rate estimate will likely be lowered, as is typical at each meeting given continued weak labor force growth. Future Fed funds rate estimates should be narrowed slightly, as views converge toward the consensus. page for a table of our assumptions for the Fed's revised forecasts.
12:30 EDTOil Action: Crude trade remains very volatile
Oil Action: Crude trade remains very volatile, with the NYMEX contract running up to $57.11 from trend lows of $53.59, then sliding to current $55.49 lows. Weak shorts were squeezed out on the move over $56 according to sources, with fast money reportedly the sellers on the quick move over $57.
12:15 EDTU.S. VIX volatility slumped back toward 20.0
U.S. VIX volatility slumped back toward 20.0 as oil, the ruble and stocks all made some headway frmo lows, after roaming as high as 2-month highs 25.20 earlier. The surge in the VIX started from lows near 11.53 on payrolls Friday earlier in the month and now looks to have some resistance in the 25.0 area. The S&P 500 broke below 2k yesterday and lanced its 100-day moving average of 1,988 en route to December lows of 1,976.4 today before snapping back to highs of 2,016.8.
11:45 EDTTreasury $40 B 4-week bill auction was mixed
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11:40 EDTU.S. equities recovered some poise
U.S. equities recovered some poise taking their signal from the recovery in the ruble below 70.0 vs the dollar to 68.0, while crude oil has backed up over $55 bbl again. That has inspired some short-covering gains on the major indices, led by NASDAQ at +0.6%. The Euro Stoxx 50 has gained 1.5% and the Italian MIB is 2.7% higher, while Russia's MICEX has flipped 1.3% into the green (RTS still -12.3%). Top gainers in the Dow are Chevron +2.3%, Boeing +2.0% and 3M +1.7%. USD-JPY is playing along with the "risk on" rebound, angling toward session highs near 118.01 again.
<< 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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