Trading Room: Asian Session

[William Gilday]

Welcome To Asia Friday August 26th, 2016

Hello traders looking for a slow market today as we get ready for the Fed and the Jackson Hole. The markets are just going to wait for Fed Yellen to give her statement.

OK let us take a look at what happened at the close of the U.S. session.

(US) Market Trading Hours Summary **Headlines**- Citi/YouGov Aug poll: 12-month inflation expectations: 1.8% v 1.8% prior- Initial Jobless Claims: 261K v 265Ke; Continuing Claims: 2.15M v 2.15Me- July Preliminary Durable Goods Orders: 4.4% v 3.4%e; Durables Ex Transportation: 1.5% v 0.4%e, Capital Goods Orders (Non-defense ex aircraft): 1.6% v 0.2%e, Capital Goods Shipments (Non-defense/ex-aircraft): -0.4% v +0.3%e, Durables Ex-Defense: +3.8% v -4.0% prior- Aug Prelim Markit Services PMI 50.9 v 51.8e (weakest rise since Feb)- Weekly EIA Natural Gas Inventories: +11 bcf vs. +18 to +20 bcf expected range- Fed's Kaplan (moderate, non-voter): believe case for removing accommodation has strengthened, but unwilling to talk in terms of calendar-Mylan's announced changes around Epipen do little to quell controversy-St Jude shares plunge on latest Muddy Waters short call -(SA) Saudi Energy Minister: Has been no discussions of substance on OPEC production levels - press interview**European post close highlights**- Reports Q2 adj net €187M v €193Me, rev €2.55B v €2.6Be- LMCA: Said to be likely acquirer of Formula One - press_Summary:_Stronger than expected preliminary durable goods orders and comments from Dallas Fed President Kaplan from Jackson Hole appeared to give a boost to stock sentiment into the US open. The IBB saw buyers early along with shares of Mylan after the CEO laid out a plan to bring wider and cheaper access to Epipen. Pretty quickly though shares of Mylan and healthcare in general rolled over as it became clear the spotlight on rising healthcare costs was only likely to intensify and spread. PBMs, drug distributors and various healthcare providers saw selling intensify which weighed on the indices. Discount retailers also experienced heightened stock price weakness after Dollar General and Dollar Tree put up very disappointing quarterly results. Crude prices finished near session highs +1.5% despite comments from the Saudis suggesting there has been so substantive discussions regarding a production freeze. The Dollar Index, US Treasury markets, and gold prices made little noise as traders largely stayed on the sidelines ahead of Fed Chair Yellen's speech tomorrow.**Equities:**- Dow Jones -0.2%- S&P500 -0.2%- Nasdaq -0.2% **Treasuries:**- US 2-yr: flat at 0.78%- 10-yr: +1bps 1.57%- 30-yr: +2bps at 2.26%- 2-10 spread: flat at 0.79% **Commodities**: - Oct crude oil $46.75, +1.5%- Dec Gold $1,327/oz, -0.3%- Sept Silver $18.51/oz, -0.2%- Sept Copper $2.079/oz, flat Related ( UPDTE ) - Source TradeTheNews.com


Thank You Traders talk with you soon.....William

 

[William Gilday]

Welcome Traders To Asia Monday August 20th, 2016

Hello traders as we enter a new week and looking for some nice traders this week. I see today the the U.K. is off today for a summer break, could mean a slow London session. There is no other data to mention only that Fed Chair Yellen speaks in the U.S. session.

Well the traders really did not do anything last week as everyone was waiting for the Jackson Hole, As the markets liked what was said as you can see in the charts.

OK the weekly summary is large and a good read for a Monday:

TradeTheNews.com Weekly Market Update: Sideways Markets Slip on Friday After Hawkish Fed Markets drifted sideways most of the week as they anticipated a key policy speech from Fed Chair Yellen at Jackson Hole on Friday. Volumes were light and ranges remained narrow despite relatively heavy news flow including economic data releases and late season earnings reports. Healthcare stocks were in crosshairs for much of the week as several headlines affected trading. Pfizer's acquisition of Medivation pushed up oncology stocks early, but renewed drug price gouging concerns from Washington D.C. weighed on a swath of names competing within the US pharmacy market. After ending last week near $50/bbl, oil prices backed off early in the week exaggerated by a roll in the front month futures contract. Press reports continued to focus on the September meeting of energy producers in Algeria and the potential for coordinated action, but the likelihood of a meaningful agreement still seems low. Friday's Jackson Hole meeting did induce some broader market volatility, but the trading flows only picked up after Fed Vice Chair Fischer came on TV to offer his explanation of what Chair Yellen attempted to lay out in her speech earlier. The US Dollar firmed and interest rates backed up while stocks came under modest pressure after the two highest ranking Fed officials illustrated their view that the economy continues to improve at a pace that has strengthened the case for at least one rate hike this year. The US benchmark 10-year yield has broken out to a three month high to close above 1.60%. In the wake of the Jackson Hole comments, the Dow swung more than 230 points, its biggest one-day move since late June. For the week, the DJIA lost 0.9%, the Nasdaq fell 0.4%, and the S&P500 dropped 0.7%.Monday- (UK) UK govt said to be readying multi-billion-pound post-Brexit housing stimulus - press- MDVN: To be acquired by Pfizer for $81.50/shr in cash, valued at ~$14BTuesday*(FR) FRANCE AUG PRELIMINARY MANUFACTURING PMI: 48.5 V 48.8E (6th straight contraction)*(DE) GERMANY AUG PRELIMINARY MANUFACTURING PMI: 53.6 V 53.6E (21st month of expansion)*(EU) EURO ZONE AUG PRELIMINARY MANUFACTURING PMI: 51.8 V 52.0E (38th month of expansion)*(UK) AUG CBI INDUSTRIAL TRENDS TOTAL ORDERS: -5 V -10E- BBY: Reports Q2 $0.57 v $0.42e, R$8.53B v $8.40Be; Raises FY17 guidance*(TR) TURKEY CENTRAL BANK (CBRT) LEAVES BENCHMARK REPURCHASE RATE UNCHANGED AT 7.50%; AS EXPECTED; again narrows rate corridor *(HU) HUNGARY CENTRAL BANK (NBH) LEAVES BASE RATE UNCHANGED AT 0.90%; AS EXPECTED*(US) AUG PRELIMINARY MARKIT MANUFACTURING PMI: 52.1 V 52.6E*(US) AUG RICHMOND FED MANUFACTURING INDEX: -11 V +6E*(US) JULY NEW HOME SALES: 654K V 580KE (highest since Oct 2007)- (IR) OPEC sources see positive signals from Iran on support for joint action to boost oil prices - press* (US) NORTH AMERICA JULY SEMI BOOK/BILL RATIO: 1.05 V 1.00 priorWednesday*(DE) GERMANY Q2 FINAL GDP Q/Q: 0.4% V 0.4%E; Y/Y: 1.8% V 1.8%E; GDP NSA Y/Y: 3.1% V 3.1%E- GLEN.UK: Reports H1 Adj Net $300M v $254Me, Adj EBITDA $4.02B v $3.87Be, R$69.4B v $74.8Be*(UK) JULY BBA LOANS FOR HOUSE PURCHASE: 37.7K V 38.0KE (lowest since Jan 2015)*(US) JULY EXISTING HOME SALES: 5.39M V 5.51ME- MYL: US Democratic Presidential candidate Hillary Clinton calls Epipen price hike 'outrageous', calls for Mylan to immediately cut price - pressThursday*(DE) GERMANY AUG IFO BUSINESS CLIMATE: 106.2 V 108.5E; CURRENT ASSESSMENT: 112.8 V 114.9E- 494.HK: Reports H1 Net $72M v $149M y/y, Op $156M v $182M y/y, Rev $8.07B v $8.63B y/y- 3328.HK: Reports H1 Net CNY37.6B v CNY37.3B y/y, NII CNY68.1B v CNY71.1B y/y- MYL: Plans to cut patient Epipen cost through use of savings card; Reducing patient cost by 50% off Mylan list price- 939.HK: Reports H1 Net CNY133.4B v CNY132.5Be- (IR) Iran Oil Min Zanganeh plans to attend the OPEC meeting in Algeria on Sept 26th*(US) INITIAL JOBLESS CLAIMS: 261K V 265KE; CONTINUING CLAIMS: 2.15M V 2.16ME *(US) JULY PRELIMINARY DURABLE GOODS ORDERS: 4.4% V 3.4%E; DURABLES EX TRANSPORTATION: 1.5% V 0.4%E- (US) Atlanta Fed GDPNow: lowers Q3 GDP forecast to 3.4% from 3.6% on Aug 16th - (SA) Saudi Energy Minister: Have not discussed specific action regarding a production freeze; Has been no discussions of substance on OPEC production levels - press interview *(JP) JAPAN JULY NATIONAL CPI Y/Y: -0.4% V -0.4%E; CPI EX FRESH FOOD (CORE) Y/Y: -0.5% V -0.4%EFriday*(DE) GERMANY SEPT GFK CONSUMER CONFIDENCE: 10.2 V 10.0E (matches highest level since Oct 2001)*(EU) EURO ZONE JULY M3 MONEY SUPPLY Y/Y: 4.8% V 5.0%E*(UK) Q2 PRELIMINARY GDP Q/Q: 0.6% V 0.6%E; Y/Y: 2.2% V 2.2%E *(US) Q2 PRELIMINARY GDP ANNUALIZED Q/Q: 1.1% V 1.1%E; PERSONAL CONSUMPTION: 4.4% V 4.2%E- RAX: Agrees to be taken private by Apollo Global at $32.00/shr all cash in $4.3B deal*(US) AUGUST FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 89.8 V 90.4 PRELIM - (US) Fed Chair Yellen: case for rate hike has strengthened in recent months - Jackson Hole speech- (US) Weekly Baker Hughes Rig Count: 489 v 491 w/w (-0.4%) (breaks streak of 8 weeks of increases)* (US) Fed Vice Chair Fischer: notes strong job reports recently and seeing more evidence the economy has strengthened; emphasizes Fed remains data dependent and thus a rate hike or hikes is possible this year Related ( UPDTE ) - Source TradeTheNews.com

Thank you traders and we will talk soon......William

 

[William Gilday]

Welcome Traders To Another Asis Session August 30th, 2016

Hello traders and good to be pack with you on this Tuesday in Asia as we look we see Oil continues to stay at the 47$ P/B and staying in the range. The markets had a strong start and after midday trading pulled back. Today we only have Data of high impact in the U.S. session today and that is CB CONSUMER CONFIDENCE for Aug. The week looks very slow for data until the release of NFP data on Friday.

OK let us take a look at the close and the summary of the trading day:

(US) Market Trading Hours Summary **Headlines**- (US) July Personal Income: 0.4% v 0.4%e; Personal Spending: 0.3% v 0.3%e , Personal Saving Rate: 5.7% v 5.5% prior, Real PCE: 0.3% v 0.2%e- (US) July PCE Core M/M: 0.1% v 0.1%e; Y/Y: 1.6% v 1.5%e- (US) Aug Dallas Fed Manufacturing Activity: -6.2 v -3.9e- Israel Central Bank leaves rates unchanged at 0.10%, as expected- Reportedly Boeing decides against an annual aircraft price increase this year because sales are sluggish - press- Apple Sends out invites to September 7th event_Summary:_The modest waves created by Central Bank speak from Jackson Hole on Friday appear have dissipated rather quickly. Both US Treasury prices and stock indices melted higher in another quiet late summer session. Banks and technology names continue to be leaders while select healthcare groups lag. The benchmark 10-year yield fell 6 basis points giving back all of last week's gains. July PCE readings came in at the top side of expectations but markets barely noticed. Many participants pointed to Fridays jobs report as the latest reason to expect subdued trading in Augusts final trading sessions. The Dollar index gave back early gains while gold and silver prices reversed higher as the notion of a September Fed rate hike still seems unlikely no matter how much Fed officials talk about continued improvement towards their mandate. Crude prices remained capped below $50 slipping 1.4% to trade around $47.**Equities:**- Dow Jones +0.6%- S&P500 +0.6%- Nasdaq +0.4% **Treasuries:**- US 2-yr: -2bps at 0.8%- 10-yr: -7bps 1.56%- 30-yr: -8bps at 2.22%- 2-10 spread: -3bps at 0.76% **Commodities**: - Oct crude oil $47, -1.4%- Dec Gold $1,328/oz, +0.1%- Sept Silver $18.84/oz, -+1%- Sept Copper $2.085/oz, flat Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will talk soon in the next Asia session.....William.

 

[William Gilday]

Welcome Traders To Asia Wednesday August 31st, 2016

Hello traders good to be back with you as we approach the middle of the trading week as we look for NFP this Friday. Oil maintains above 46.00$ P/B and the dollar index is now again above 96 and that is a good thing. Data today we have German Unemployment Change, Euro has also Unemployment Change and CPI y on y. The Cad has GDP M on M and the US has Pending home sales and crude Oil Inventories to finish the trading day.

Traders we have a full day today and that is great as we should see some good price action today.

OK let us take a look at the close of yesterday markets:

(US) Market Trading Hours Summary **Headlines**- EU rules Apple granted up to €13B in undue tax benefits from Ireland- (US) Fed Vice Chair Fischer: Reiterates viewpoint rate path depends on economic progress- (BR) Brazil Aug FGV Inflation IGPM M/M: 0.2% v 0.1%e; Y/Y: 11.5% v 11.5%e- (DE) Germany Aug Preliminary CPI M/M: 0.0% v 0.1%e; Y/Y: 0.4% v 0.5%e- (US) Jun S&P/Case-Shiller 20 City HPI M/M: -0.07% v -0.10%e; Y/Y: 5.13% v 5.12%e; House Price Index (HPI): 189.87 v 188.32 prior- (US) Aug Consumer Confidence: 101.1 v 97.0e- Potash and Agrium confirm in advanced merger talks- US airlines climb helping Transports lead- US Dollar index moves above 96 for first time in few weeks**European post close highlights**- WAB: Reportedly deal to acquire Faiveley Transport remains on track for EU approval - press_Summary:_US stock indices saw modest selling as the session progressed. The weakness was fairly broad based with technology and energy names weighing while banks and airlines still found buyers. US Treasury prices recouped some early losses after the Feds Fischers early television appearance failed to spook investors to the same degree his comments from Jackson Hole did. Nevertheless the Greenback garnered momentum pushing the Dollar Index towards a two week high ahead of tomorrows ADP employment report. Media speculation and continual rumor mongering surrounding potential M&A continued to fill a summer vacuum of generally quiet news flow. Oil, natural gas, gold, copper, silver and grain futures all ticked lower pressuring associated stocks, but fertilizer names jumped on reports of a potential deal between Potash and Agrium. **Equities:**- Dow Jones -0.5%- S&P500 -0.4%- Nasdaq -0.5% **Treasuries:**- US 2-yr: flat 0.80%- 10-yr: flat 1.57%- 30-yr: +1bps at 2.23%- 2-10 spread: -2bps 0.77% **Commodities**: - Oct crude oil $46.36, -1.2%- Dec Gold $1,316/oz, -0.8%- Sept Silver $18.59/oz, -0.9%- Sept Copper $2.066/oz -0.4% Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will talk soon.....William

 

[William Gilday]

Welcom To Asia Thursday September 1st, 2016

Hello traders just a couple of notes as the markets wait for the NFP numbers in the U.S. session on Friday. Oil has slid back to 44.67$ P.B. Gold stays above1300.00$. In Asia we have China Manufacturing PMI, AUD Retail sales in London we have EUR Manufacturing PMI. In the U.S. we also have ISM Manufacturing PMI today. We have a full day of data and should keep price action on the move.

OK let us take a look at the close of the U.S session and the day in trading:

(US) Market Trading Hours Summary **Headlines**- (BR) Brazil Q2 GDP Q/Q: -0.6% v -0.5%e; Y/Y: -3.8% v -3.7%e; GDP 4-quarters annualized: -4.9% v -4.9%e- (US) Aug ADP Employment Change: +177K v +175Ke; July revised up to 194K from 179K- (US) Aug Chicago Purchasing Manager: 51.5 v 54.0 prior- (US) DOE Crude: +2.3M v +1Me; Gasoline: -0.7M v -1Me; Distillate: +1.5M v +0.5Me- (BR) Brazil Senate formally votes 61-20 to impeach President Rousseff for breaking budget laws, as expected- (US) Fed's Kashkari (non-voter): needs more data before decision on rate increase; wants to see core inflation rise before raising rates- Equity markets lose steam and crude prices slide in August's final session**European post close highlights**- (UK) Prime Min May spokesperson: Cabinet sees no need for House of Commons vote on triggering Article 50 - press- Deutsche Bank tie-up talks with Commerzbank said to have been shelved to finish restructuring before taking any merger actions - press_Summary:_US indices were pressured back towards last weeks lows as August's historically benign trade came to a close. Disappointing Chicago PMI figures and continued weakness in oil markets partly weighed on stocks. August ADP employment numbers augured well for Fridays labor market report and supported those who believe the Aug data will be a green light for the Fed to move rates up in September. Healthcare and energy stocks generally remained in many investors' doghouse. European banks saw better relative performance following reports of potential German bank consolidation. Oil prices continued to slump another 3.5% below $45 after weekly crude and distillate inventories built more than expected. The Dollar Index consolidated around 96, and there was little movement in US Treasury markets.**Equities:**- Dow Jones -0.4%- S&P500 -0.4%- Nasdaq -0.2% **Treasuries:**- US 2-yr: -1bps at 0.79%- 10-yr: -1bps at 1.56%- 30-yr: -1bps at 2.22%- 2-10 spread: flat at 0.78% **Commodities**: - Oct crude oil $44.67, -3.6%- Dec Gold $1,311/oz, -0.4%- Sept Silver $18.64/oz, +0.2%- Sept Copper $2.074/oz +0.1% Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will talk soon.......William

 

[steve123]

any update?

 

[robbi]

Great informal investors welcome to another week in exchanging. Give us a chance to investigate what occurred on Friday. We had the huge information turned out NFP and the number was higher than anticipated which gave us dollar quality. The joblessness came up to 5% from 4.9%. Additionally I like that hourly income had an expansion this month,I feel that is the thing that the Fed puts a great deal of weight into that. In Asia we have the AUD information Retail Sales, That should move the market for us.