Trading Room: Asian Session

[William Gilday]

Welcome traders to Monday In Asia July 18th, 2016

Hello traders and welcome to a new trading week. Just a couple of notes as the data today is very weak and looks to be a technical trading day.

Japan is closed today as it is Ocean Day. The NZD had early data releases CPI Q on Q was bad reading 0.4 vs 0.5 and we have seen a drop in the NUZUSD.

TradeTheNews.com Weekly Market Update: Risk on Flows Push US Indices to New Highs For much of the week equity prices moved up aggressively as investors pointed to a variety of reasons to add risk to their portfolios. A faster than expected, relatively smooth transition of Theresa May to UK prime minister allayed some lingering Brexit fears. Speculation on the growing likelihood of aggressive BOJ and BOE stimulus later this summer coincided with a deluge of US Federal Reserve speak that indicated the Fed is still likely to keep rates at very low levels for quite some time. Finally, solid early Q2 earnings reports/commentary provided hope that US earnings growth has troughed and business on both sides of the Atlantic can withstand any negative impacts related to the UK's decision to leave the EU. The Dow and S&P each registered multiple new all-time highs as investors that have kept cash on the sidelines felt compelled to jump in, forcing valuations higher. For the week the Dow rose 2%, S&P gained 1.5% and the NASDAQ added 1.5%. Risk-on flows also pulled money away from sovereign bond markets, sending rates higher. US Treasury supply was met with notably tepid demand early in the week spooking some bond investors. Improving US data, including some hotter than expected inflation readings, helped the US 10-year yield back up ~25 basis points to finish the week at 1.59%. The German 10-year Bund future traded without a negative yield for the first time since the UK vote.In key data this week, analysts' eyes were on the JOLTS survey - Fed Chair Yellen's preferred gauge of US labor market health - which pulled back from the all-time high of 5.85 million job openings seen at the end of April, to 5.50 million in June. Analysts characterized the slight deceleration in openings a correction from the elevated levels of the last two months, rather than a deceleration. On Thursday, jobless claims added to the healthy labor market view, with the numbers holding steady at a three-month low of 254K, well below expectations. University of Michigan consumer sentiment came in lower so far in July's preliminary reading, as high-income consumers expressed nervousness about global events. Firming producer and consumer price figures, along with retail sales and industrial production data that topped expectations on Friday added to the view that the Fed may be able to raise rates later this year. The Bank of England left interest rates unchanged for an 88th consecutive month, surprising markets, which had been pricing in a 75% probability of a rate cut of 25 bps to 0.25%. The British Pound surged on the news before giving back some of that ground late in the week. The policy minutes showed that most MPC member expect a rate cut at the August meeting, which will coincide with the BoE's quarterly inflation report and a press conference from Gov Carney. Also in the UK, Theresa May was named the new prime minister, after her only remaining challenger, Andrea Leadsom, pulled out of the running. PM May wasted no time in shaking up the cabinet: notably, naming Pro-Brexit MP Boris Johnson as Foreign Secretary and appointing Phillip Hammond as Chancellor of the Exchequer. The Dollar rose against the Yen late in the week on expectations for the launch of Japan PM Abe's promised big stimulus package after his party was victorious in Sunday's parliamentary election.JPMorgan, the first big US bank to report second quarter results, did quite well in the three months to June. Net income declined very slightly, although EPS and revenue beat expectations. FICC trading revenues were up 35% y/y, widely beating consensus expectations. Shares of Alcoa saw gains after reporting a beat on top and bottom lines. The materials conglomerate affirmed global aluminum demand growth expectations and forecast improvement in H2 and 2017 on ramp-up of capacity. Data storage firm Seagate raised its guidance on Monday, citing demand for its HDD product portfolio, and Western Digital lifted in sympathy. Nintendo was up nearly 70% on the week on the surprising popularity of its new mobile game, Pokemon Go. Related () - Source TradeTheNews.com

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

 

[William Gilday]

Welcome to Asia Session July 19th, 2016

Hello traders good to be back with you on this Tuesday. I have just a couple of notes as we see oil dipped and gold inched up at the close of the N.Y. session.

Today we have a full day of news data to be released in Asia we have RBA Meeting Minutes to be released. Keep an eye on your charts when this is released as this is a market mover. Would expect a hawkish report. As I mentioned there is data in all sessions today also we continue with earnings continue to report.

OK let us take a look at the close of the U.S. session as this will give all sessions actions yesterday.


(US) Market Close Summary **Headlines**- July NAHB Housing Market Index: 59 v 60e- Bank of America Q2 EPS ahead of expectations- Corporate supply helps Treasury yields push higher - Monsanto reportedly in discussions with Bayer over terms of a nondisclosure agreement to conduct due diligence**European post close highlights**- (ES) Spain interim PM Rajoy: the People's Party (PP) is willing to govern Spain as minority govt- (FR) France PM Valls: French police foiled a terror plot before Euro 2016 Football Championship - French press- (TR) Moody's places Turkey Baa3 ratings on Review for Downgrade; may be cut to junk status_Summary:_US stocks resumed the run higher along with US Treasury yields. Competing supply from the corporate market, notably the long awaited Teva deal, may have also pressured UST prices. Nearly all the major US indices modestly added to their gains, led by strength in the NASDAQ ahead of key corporate earnings. The transports languished after JB Hunt guidance spooked some investors.After market, Netflix posted an earnings beat but notched subscriber numbers that missed its own guidance, sending shares 15% lower. VMware rallied after beating on both the top- and bottom-line, noting 12% quarterly earnings growth y/y. IBM beat street expectations on sales along with EPS, and the tech giant announced its cloud services revenue was up 30% y/y.**Equities:**- Dow Jones +0.1%- S&P500 +0.2%- Nasdaq +0.5% **Treasuries:**- US 2-yr: -2bps at 0.69%- 10-yr: -1bps at 1.59%- 30-yr: flat at 2.30%- 2-10 spread: +1bps at 0.90% **Commodities**: - Aug crude oil $45.22, -1.6%- August Gold $1,330/oz, +0.2%- July Silver $20.12/oz, -0.3%- July Copper $2.243/oz, +0.4%**Notable afterhours (15:20):**VMW: Reports Q2 $0.97 v $0.95e, R$1.69B v $1.68Be; +8.0%IBM: Reports Q2 $2.95 v $2.87e, R$20.2B v $20.1Be; +2.8%SAVE: Affirms Q2 op margin guidance of about 22%; TRASM was at low end of prior forecast range - filing; -5.9% NFLX: Reports Q2 $0.09 v $0.02e, R$2.11B (incl DVD) v $2.11Be; -14.4% Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome Traders To Asia July 20th, 2016

Hello traders and we have hit the middle of the week and ready for a long trading day. Traders I have to say Data releases are very light the real move will be in the London session. Asia and NY are very light. The dollar index hit a high and continues to strengthen getting close to the 97 level. Oil has hit a four month low yesterday at 44.33 $ P/B.

OK let us take a look at the markets at the U.S. close as we look at all markets.

(US) Market Close Summary **Headlines**- US Dollar Index touches 4-month high- June housing starts top expectations, both single and multifamily rise- IMF cuts global growth outlook for fifth straight time- Investors turned off after Netflix Q2 results- US regulators reportedly plan to block Anthem-Cigna and Aetna-Humana mergers - press**European post close highlights**- UBI.FR: Reports Q1 Rev €139M v €125Me; Affirms FY16-17 Rev €1.7B, op income ~€230M, and solid free cash flow generation- EDF.FR: Affirms FY16 EBITDA €16.3-16.8B, guides FY16 nuclear output 395-400 TWH_Summary:_Equity markets were mixed on a relatively quiet trading session. The Dow ended slightly above its record high close for the sixth straight day, but the Nasdaq and S&P were down as markets pared some of the gains seen over recent days. Treasuries were up as commodities declined, and the US Dollar Index lifted to a four-month high. WTI and Brent fell to their lowest levels since early May, and showed no signs of perking up despite weekly API crude stocks posting a draw in inventories after the market close. US housing starts and building permits for June came in mostly in line with expectations. The IMF cut its global growth forecasts for the next two years, citing uncertainty over the Brexit. Most sectors were in the red on the day, with only financials and industrials ending slightly positive. Post-close, Microsoft shares climbed after reporting earnings and revenue beats and disclosing that sales of its cloud platform Azure grew +102% y/y. United Continental topped analyst expectations and announced a $2B share buyback.**Equities:**- Dow Jones +0.1%- S&P500 -0.1%- Nasdaq -0.4% **Treasuries:**- US 2-yr: flat at 0.69%- 10-yr: -3bps at 1.56%- 30-yr: -3bps at 2.27%- 2-10 spread: -3bps at 0.87% **Commodities**: - Aug crude oil $44.56, -1.5%- August Gold $1,332/oz, +0.2%- July Silver $19.98/oz, -0.5%- July Copper $2.259/oz, +1.0%**Notable afterhours (17:00):**ISRG: Raises FY16 procedures growth 14-15% (prior 12-14% y/y) - earnings call; +7.2% afterhoursMSFT: Reports Q4 $0.69 v $0.58e, R$22.6B (adj) v $22.1Be; +2.8% afterhoursZFGN: Suspends further development of beloranib to refocus resources on development of Differentiated Second-Generation MetAP2 Inhibitor ZGN-1061; Reducing workforce 34%; -41.0% afterhours Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome To Asia July 21st, 2016

Hello traders good to be with you as we are in the last part of this trading week. Just a couple of notes. We have data today and should keep price action moving. We have the ECB interest rate decision and the ECB president talks today. Gold remains at the 1300.00$ level and oil is volatile at the 45.00$ price level.

Traders looks to be an active day today the markets continue to rise again.

Let us take a look at the market close of the U.S. close that is a summary of all the markets yesterday.

(US) Market Close Summary **Headlines**- Q2 tech earnings (SAP MSFT) help stocks' run continue- US Treasury prices slip - Oil prices lift post-EIA data- AB Inbev/SAB Miller deal gets DOJ backing- Sector rotation away from some defensive groups (utilities, consumer staples, gold/silver)**European post close highlights**- Lutfhansa cuts outlook, cites political uncertainty and terrorist attacks- (TR) S&P cuts Turkey sovereign rating one notch to BB from BB+, outlook to negative from stable- (UK) BOE's Forbes: BOE needs more evidence before cutting rates; many Brexit effects will occur slowly - Telegraph op/ed_Summary:_The good times continued for US equity investors. Despite some rotation away from some of the best performing sectors of 2016, stock indices pushed higher yet again. Strong earnings from Microsoft and a handful of others fueled improving corporate growth sentiment, while money sloshed away from US Treasury markets and defensive groups like gold miners, utilities and consumer products companies. The Japanese Yen fell to its weakest levels since Brexit on growing risk appetite, as well. Cable popped late in the day after the BOE's Forbes penned an op/ed suggesting UK central bankers wanted more evidence before cutting rates and that effects of Brexit would materialize slowly. The report came in the wake of a Lufthansa profit warning, which cited political uncertainty and European terrorist attacks.After the close, Intel reported an earnings beat, though its revenue fell short despite better than expected data center, IoT and programmable solutions results. Qualcomm crushed on the top and bottom line, noting a strong product ramp in its chip set business. And eBay shares lifted after topping estimates, raising FY Rev guidance, and approving a $2.5B stock buyback.**Equities:**- Dow Jones +0.2%- S&P500 +0.4%- Nasdaq +1.1% **Treasuries:**- US 2-yr: +2bps at 0.71%- 10-yr: +2bps at 1.58%- 30-yr: +2bps at 2.30%- 2-10 spread: flat at 0.87% **Commodities**: - Sep crude oil $45.68, +0.5%- August Gold $1,315/oz, -1.3%- July Silver $19.46/oz, -2.7%- July Copper $2.246/oz, -0.8%**Notable afterhours (17:00):**EBAY: Reports Q2 $0.43 v $0.42e, R$2.2B v $2.17Be; Approves $2.5B stock repurchase (8.1% of market cap); +7.2%QCOM: Reports Q3 $1.16 (adj) v $0.98e, R$6.0B v $5.55Be; +6.8%MAT: Reports Q2 -$0.02 v -$0.06e, R$957.3M v $940Me; +3.4%AXP: Reports Q2 $2.10 v $1.92e, R$8.24B v $8.21Be; -0.5% INTC: Reports Q2 $0.59 v $0.53e, R$13.5B v $13.5Be; Restructuring efforts on track; -2.5% Related ( UPDTE ) - Source TradeTheNews.com

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

 

[William Gilday]

Welcome To The Asia Session Friday July 22nd, 2016

Hello Traders and welcome to a Friday the end of the trading week However there is a lot of work to be done before we start our weekend break. Traders just a note Oil is back and dipped to 44.53$ per/ B. Gold stays at the 1300.00$ level really no big change there. We have some GBP data today and the rest of the day is very slow for news. The London session has a good number of news releases today and should keep the price action moving.

The Asia session has no data to be released today so we will trade a technical session.

OK traders let us take a look at the U.S. market close as it will cover all the markets for the trading day.


(US) Market Close Summary **Headlines**- Weekly jobless claims fall again- Existing homes surge to levels not seen since 2007 along with prices- July Philadelphia Fed reading misses expectations, but new orders hit 4-month high- DOJ confirms blocking managed healthcare deals- ECB stays on hold, assessing Brexit impacts - Risk appetite wanes early in the EU session (Kuroda comments) and again after its close- Interoil agrees to accept Exxon's $2.5B takeover offer**European post close highlights**- AM.FR: Reports 1H net €185M v €179M y/y, Rev €1.66B v €1.68B y/y- KU2.DE: Affirms FY16 rev above €3B- (UK) PM May: reiterates will not invoke Article 50 to leave EU before the end of 2016_Summary:_Risk assets saw some wind come out of their sails into and through the US trading session. The tone was set overseas when the Bank of Japan's Kuroda once again shot down speculation that helicopter money is on the way. US equity futures dipped from fresh all-time highs ahead of the NYC open before opening marginally lower. Q2 earnings reports dominated headlines, with Qualcomm, GM, eBay and Biogen standing out, while investors were dismayed with Southwest, Sherman-Williams and Kinder Morgans' results. US Treasury prices found some buyers after another generally positive swath of US data, and the momentum picked up into the European close. US stocks took another leg lower into the NY afternoon as bond prices firmed and crude prices slipped back towards 3-month lows. The Dow finished lower for the first time in 9 sessions.AT&T and Starbucks shares fell slightly post-market after reporting misses on revenues. PayPal and Visa announced a new partnership to work more collaboratively on digital payments. Chipotle missed on top and bottom line, but noted 30% of all transactions are engaged in its new 'Chiptopia' loyalty program. Roger Ailes resigned as chairman of Fox News in light of a sexual harassment scandal, and Rupert Murdoch will take over in an acting role.**Equities:**- Dow Jones -0.4%- S&P500 -0.4%- Nasdaq -0.3% **Treasuries:**- US 2-yr: -3bps at 0.68%- 10-yr: -2bps at 1.56%- 30-yr: flat at 2.30%- 2-10 spread: +1bps at 0.88% **Commodities**: - Sep crude oil $44.58, -2.6%- August Gold $1,330/oz, +1.2%- July Silver $19.86/oz, +1.3%- July Copper $2.261/oz, +0.3%**Notable afterhours (17:30):**AMD: Reports Q2 -$0.05 v -$0.09e, R$1.03B v $955Me; +4.2%PYPL: Reports Q2 $0.36 v $0.36e, R$2.65B v $2.59Be; +2.4%V: Reports Q3 $0.69 v $0.67e, R$3.63B v $3.63Be; Authorizes $5B share repurchase (2.7% of market cap); +0.7%T: Reports Q2 $0.72 v $0.72e, R$40.5B v $40.7Be; -1.0%CMG: Reports Q2 $0.87 v $1.05e, R$998M v $1.04Be; July comp sales trends have improved significantly; -1.9%COF: Reports Q2 $1.76 adj v $1.86e, R$6.25B v $6.25Be; -2.9%SBUX: Reports Q3 $0.49 v $0.49e, R$5.24B v $5.35Be; -3.0%SYK: Reports Q2 $1.39 v $1.36e, R$2.80B v $2.80Be; -4.0%P: Reports Q2 -$0.12 v -$0.14e, R$343M v $352Me; -7.1%ATHN: Reports Q2 $0.34 (adj) v $0.42e, R$261.9M v $273Me; -12.3% Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will talk soon, Enjoy your weekend break......William

 

[William Gilday]

Welcome Traders On This Mondy July 25th, 2016

Hello traders and welcome to a new and looks to be an exciting week ahead.

We have a good a amount of data throughout this week. Today we have no Data in the Asia session. The rest of the week is full and I am looking for some exciting trades ....

OK let us look what happened last weak as this is long a lot of it is well known to us traders I did not see anything special. However I fell it is worth the read as we move into trading....


TradeTheNews.com Weekly Market Update: Markets continue rally on solid data and corporate earnings Political developments and quarterly earnings were the main focus this week, although incessant speculation surrounding foreign, Central Bank intervention swung investor risk sentiment. Thursday broke a string of record closing highs on the DJIA and S&P500, but by Friday the S&P was back at all-time highs. The Republican Party gathered in Cleveland to officially nominate Donald Trump as their presidential candidate, while in Turkey an attempted coup by the military was put down, adding to the endless turmoil in the Middle East. Crude prices retreated back below $45, marking six weeks of contraction after key benchmarks topped out above $50 in early June. About a fifth of the S&P500 have reported quarterly earnings, with average profits a bit lower y/y and revenue a shade higher. While tech and financials have been generally impressive, consumer discretionary stalwarts have hit a wall, and Starbucks CEO went as far as to cite deteriorating global conditions - terrorism, and Brexit included - as driving a cooling in consumer confidence. After another solid swath of US economic data, US Treasury prices moved marginally higher, but yields largely consolidated just below the recent one-month highs. For the week, the DJIA gained 0.3%, the S&P500 rose 0.6% and the Nasdaq added 1.4%.Fresh off its big election win last week, the government of Japan PM Abe has been crafting yet another huge stimulus program to revive the domestic economy and slay deflation. Three years of Abenomics, promises of sweeping legislative reform and negative rates have failed to do the job, and this week press reports suggested Abe's people are designing a fiscal package valued up to ¥20-30 trillion ($186-280 billion) - well ahead of the ¥10T discussed in the immediate aftermath of the election, given that some of the government guarantees and other off-budget measures will run into 2017 and beyond. There has been plenty of talk that the Bank of Japan will also pursue additional measures, and Kuroda has repeatedly said the BoJ is prepared to push rates lower, although the most recent speculation has fixated on the possibility the bank might pursue direct financing of government fiscal measures, widely referred to under Bernanke's formulation as "helicopter money." Kuroda strongly pushed back against that idea again this week, reiterating that there is neither the need for or the possibility of helicopter money, having already emphasized several times that the approach would be illegal under Japanese law. The yen pushed out to six-week lows around 107.60 on speculative press reports about helicopter money, but Kuroda's denials pushed USD/JPY back toward the 105 handle on Friday.Top Chinese planning agency NDRC forecasted China 2016 CPI to be around 2% - well below the 3% official target - and GDP in a range of 6.5-6.8%, compared to the official 6.5-7.0% forecast. The agency warned that China was still facing increasing difficulties in stabilizing growth with investment and the possibility of overheating home prices. Fitch released a report that cautioned measures by policymakers in Beijing to reduce debt-servicing costs were fueling the ongoing credit boom, warning that "risks of asset quality and liquidity shocks to the banking system will continue to grow the longer that total leverage grows." Fitch estimates that total loans to the private sector have almost doubled since the 2008 crisis, reaching 243% of GDP in 2015, likely to rise to 253% by the end of 2016. An attempt by a faction of the Turkish armed forces to overthrow the government of President Erdogan late last Friday rattled investor sentiment coming into the week. The coup attempt saw violent confrontations in the Turkish capital of Ankara and in Istanbul and produced a sharp reversal in risk assets, but the uprising was contained and the market impact was fairly limited. Erdogan's government has detained thousands of military officers suspected of treason and dismissed tens of thousands of teachers and civil servants in a wide-ranging purge of those believed to be sympathetic to Fethullah Gulen, a US-based cleric and political oppositionist being blamed for the coup. Turkey declared a state of emergency for three months and tensions with the US are rising as the government demands the extradition of Gulen. The first big batch of post-Brexit European economic data showed minimal impact on the Continent from the UK vote. France and Germany preliminary July Markit composite PMIs beat expectations. Meanwhile, the UK July Markit composite PMI sank into contraction and saw its lowest reading in seven years. The new UK government has gotten to work with minimal snafus, although given his gaffe-filled record the appointment of Boris Johnson as foreign secretary has raised some eyebrows. Prime Minister Teresa May reiterated her government would not invoke Article 50 to leave EU before the end of 2016. Cable remained in a fairly tight range after the volatility of the prior two weeks, with GBP/USD bouncing around between 1.3315 and 1.3065.The overall tone of the June quarter earnings reports has been lukewarm, with banks and tech showing real pockets of strength and revenue levels seeing very modest growth. Bank of America, Goldman Sachs and Morgan Stanley managed to beat expectations, but all three had some problems in the quarter, with lower ROE levels on falling interest rates. Both GS and MS saw lower y/y revenues. In tech, Microsoft is seeing very strong growth in its cloud business, offsetting the declines in the Windows unit. IBM's revenue and earnings declined less than expected (although IBM's revenue has now fallen for 17 straight quarters). Qualcomm saw very good gains on strong outperformance. Airlines got hit by problems in Southwest's earnings. Higher fuel prices are looming on the horizon for the industry, and while Southwest's quarterly numbers were good, the firm's outlook for Q3 anticipates fuel costs rising back above $2/gallon for the first time in a while and RASM in contraction. Results from American and United Continental beat expectations, although both firms said RASM levels would be lower in the second half of the year. Germany's Lufthansa also had a mixed earnings report, and predicted weakness in Q3 unit revenues.Industrial firms Honeywell and General Electric had mixed results. GE reported lower quarterly profits and revenue in its core industrial business, weighed down by its underperforming oil equipment division. Honeywell cut its 2016 sales forecast amid sluggish global growth and lower demand for energy-related products. Meanwhile, General Motors raised its FY outlook and posted record second-quarter earnings, beating analysts' estimates by a wide margin as truck sales increased in North America and its European business managed a small profit.The Department of Justice sued to block the Anthem-Cigna and Aetna-Humana mega mergers. US Attorney General Lynch warned that US consumers would suffer if the Big Five health insurance names became the Big Three and said her department would vigorously enforce anti-trust laws. Press reports early in the week hinted about the development, forcing shares of all four firms lower, although the confirmation of the DoJ's suit and statements issued by the firms promising to vigorously defend the deals helped the stocks regain all their losses. In other M&A news, after years of takeover speculation and a 70% decline in its stock price over the last half a decade, Joy Global agreed to be acquired by Japan's Komatsu for $28.30/share in cash, in a total deal valued at $3.70 billion. Japan's Softbank reached a deal to acquire UK technology company ARM Holdings for £17/share in a £24B deal, as the Japanese telco conglomerate aims to capture opportunities in the IoT market. Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Weicome to Asia Tuesday July 26, 2016

Hello traders good to be back with you. Well I have to say yesterday was so slow and boring i was surprised. Traders it looks the same today as we only have high impact news in U.S. session today the rest of the day is all low and will not move the market.

Oil had dipped down to 43.52$ P/B I would expect that to go back up as the summer traveling comes to an end. Gold remains at 1.316 and has been in that range for some time.

Traders just be alert to what is going on I understand as a full time trader not trading does not pay the bills. But there are just some days we have to sit on our hands and this is day 2, Not fun.

OK let us take a look at the market close at the U.S. session and will cover the complete day.


(US) Market Close Summary **Headlines**- Verizon confirms plan to acquire Yahoo's operating business for $4.83B in cash- Sprint shares add $6B in market cap after strong Q2 results- OUTR: To be acquired by Apollo Global Management for $52/shr in cash- Dallas July Fed Manufacturing activity improves- Investors step away resuling in very difficult US 2-year note auction- Crude oil prices slump again to levels not seen since April- Texas Instruments rallies, Gilead falls afterhours on earnings**European post close highlights**- LUX.IT: Reports 1H Net €532M v €525M y/y, Rev €4.72B v €4.67B y/y; cuts outlook- (JP) Government plans to double planned "extra spending" for 2016 in stimulus package to ¥6T - Nikkei_Summary:_US stock indices moved lower ahead of a deluge of Q2 earnings reports and key central bank meetings later in the week. Crude oil prices remained under pressure touching a fresh three month low. Shares of Chevron andExxon weighed on the Dow ahead of their respective earnings reports. Biotech and Department stores were notable standouts to the upside. US Treasury prices saw relatively quiet session despite an extremely disappointing 2-year note sale.Earnings season continued in earnest, with high-profile Texas Instruments extending strong Tech sector results with a beat on top and bottom line. TI noted solid demand in Auto space along with growing sales in communications equipment. Gilead was the most notable loser in the aftermarket session after a top-line miss and a cut to FY16 Product sales guidance. **Equities:**- Dow Jones -0.4%- S&P500 -0.3%- Nasdaq -0.1% **Treasuries:**- US 2-yr: +3bps at 0.74%- 10-yr: flat at 1.57%- 30-yr: flat at 2.29%- 2-10 spread: -3bps at 0.83% **Commodities**: - Sep crude oil $43.06, -2.6%- August Gold $1,316/oz, -0.6%- Sept Silver $19.62/oz, -0.4%- Sept Copper $2.227/oz, -0.4%**Notable afterhours (17:00):**TXN: Reports Q2 $0.76 v $0.73e, R$3.27B v $3.20Be; Guides Q3 $0.81-0.91 v $0.81e, R$3.34-3.62B v $3.39Be; +5.5% afterhoursLVS: Reports Q2 $0.52 v $0.56e, R$2.65B v $2.75Be; +2.0% afterhoursCNI: Reports Q2 C$1.11 v C$1.11 y/y, Rev C$2.84B v C$3.13B y/y; +0.8% afterhoursESRX: Reports Q2 $1.57 (adj) v $1.57e, R$25.2B v $25.5Be; Narrows higher FY16 $6.33-6.43 v $6.35e; flat afterhoursGILD: Reports Q2 $3.08 v $3.01e, R$7.78B v $7.85Be; Cuts FY16 Product sales R$29.5-30.5B; -3.9% afterhoursSANM: Reports Q3 $0.63 v $0.63e, R$1.67B v $1.65Be; -10.8% afterhours Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome to Asia On A wednesday July 27th, 2016

Hello traders good to be with you on a hump day middle of the trading week.

Just a couple of notes Oil continues to drop as we are now at to 42.70$ P/B. The good news is that we are filed with news data releases all day and in Asia we have a high impact event CPI QonQ for Q2. This will move the market and I would say we should get a good number.

OK let us look at the market close and a summary of yesterdays trading:


(US) Market Close Summary **Headlines**- Several key earnings reports disappoint investors (MCD, VZ, UA, MMM)- Jun Philly Fed services, new home sales, July Richmond Fed, and consumer confidence are stronger than expected- Semis jump again on report Analog Devices in advanced talks to buy Linear Tech- Soft US 5-year note sale as investors wait to hear from the FOMC**European post close highlights**- France Jun net jobseekers rise - MC.FR: Reports H1 net €1.71B v €1.68Be, Rev €17.2B v €17.0Be- FR.FR: Reports H1 Net €451M v €415Me, EBITDA €M v €M y/y, Rev €8.1B v €8.1Be- (JP) BOJ officials said to lean more toward easing monetary policy - Nikkei- China TV maker LeEco to acquire rival Vizio for about $2B - press_Summary:_US stocks saw early gains give way to some mid-morning selling. Investors greeted some of the key Q2 earnings reports and management commentary with less enthusiasm than they had earlier in the season. A 5% decline in McDonald's, along with a 2% decline in both Verizon and 3M shares weighed on the Dow. The NASDAQ held up better and spent much of the session in the green. Another leg higher by the semis was helped by news of more consolidation within the industry. Transports moved up on the day, helped by lower oil prices and solid earnings and conference call commentary from JetBlue. Crude prices remained heavy, unable to rebound much from 3.5-month lows. Bond trading was mixed ahead of the FOMC announcement tomorrow. The 5-year sale was a second straight stinker, tailing by more than a full basis point and another low BTC ratio. Apple reported after the close, topping expectations, and shares rose despite a decline in sales for the second straight quarter. Twitter beat on earnings but missed on revenue and guided next quarter well below analyst expectations. **Equities:**- Dow Jones -0.1%- S&P500 +0.0%- Nasdaq +0.2% **Treasuries:**- US 2-yr: -1bps at 0.76%- 10-yr: -1bps at 1.56%- 30-yr: -1bps at 2.28%- 2-10 spread: flat at 0.81% **Commodities**: - Sep crude oil $42.65, -1.1%- August Gold $1,320/oz, +0.1%- Sept Silver $19.70/oz, +0.3%- Sept Copper $2.222/oz, +0.3%**Notable afterhours (17:20):**UIS: Reports Q2 +$0.36 v -$0.38e, R$748.9M v $692Me; +15.7%AAPL: Reports Q3 $1.42 v $1.39e, R$42.4B v $41.8Be; +6.8%X: Reports Q2 -$0.31 v -$0.55e, R$2.58B v $2.66Be; +3.1%JNPR: Reports Q2 $0.50 v $0.47e, R$1.22B v $1.19Be; -1.1%MTCH: Reports Q2 $0.17 adj v $0.16e, R$301.1M v $297Me; -3.9% TWTR: Reports Q2 $0.13 v $0.10e, R$602M v $614Me; -10.6%AKAM: Reports Q2 $0.64 v $0.63e, R$572M v $574Me; -10.8% Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will talk soon and I will post the Asia data when released.........William

 

[William Gilday]

AUD Data Release CPI

AUD CPI Q oon Q Just realesed. Had good number AUDUSD noved about 40 pips pn the data, Let us take a look.


*(AU) AUSTRALIA Q2 CONSUMER PRICES (CPI) Q/Q: 0.4% V 0.4%E; Y/Y: 1.0% V 1.1%E; TRIMMED MEAN Q/Q: 0.5% V 0.4%E ; Y/Y: 1.7% V 1.3%E Related ( AUD/USD EWA ) - Source TradeTheNews.com


Thank you traders talk soon......William

 

[William Gilday]

Welcome To Asia On A Thursday July 28, 2016

Hello traders welcome to another trading day as we approach the end of the week. We had FOMC late in the NY session l yesterday and really after I read it looks as through they are not doing nothing and the media could not say weather they are bearish or bullish. Note Oil is now at 41.88 P/B Gold remains at 1.349$

We have in data today nothing in Asia and we have in London German unemployment that is all the high impact data today. Traders we have a lot of medium impact data that is good as it will keep price action moving.

OK let us take a look at the close of the U.S. session and see what happened in all three sessions yesterday.

(US) Market Close Summary **Headlines**- Indices slip ahead of FOMC, led by small caps and Transports; Biotech shines- WTI crude drops below $42 following EIA; crude inventories rise on increasing US production- Apple shares pop after beating lowered expectations; Coca Cola fizzles, cuts outlook, and Q2 volumes are flat- Soft US 5-year note sale as investors wait to hear from the FOMC- Verizon launches another $6B debt offering- FOMC leaves rates unchanged while noting strengthening labor market and risks to the outlook that have diminished**European post close highlights**- TCH.FR: Reports H1 Net -€52M v +€48M y/y, Adj EBITDA €265M v €250M y/y, Rev €2.42B v €1.62B y/y- MONC.IT: Reports H1 net €33.6M v €36Me, Rev €346.5M v €344Me- HOT.DE: Reports H1 Rev €9.4B v €10.8B y/y, affirms outlook _Summary:_US stock indices opened modestly higher but then slipped into the European close. Traders noted the continued decline in oil prices and a general malaise ahead of the FOMC statement without any single catalyst to point to. Apple shares and the IBB held up the NASDAQ, which stayed in the green while the Transports and small caps under performed. US Treasury prices also firmed into the announcement, sending the benchmark 10-year yield to its lowest level in about two weeks.As expected, the Fed left rates unchanged and offered nothing to suggest that things will improve enough to seriously consider raising rates next month. Nevertheless the nod to the strong June jobs report and the addition of the phrase risks to the market have diminished were initially seen as mildly hawkish by some. Very quickly though, selling in both bonds and stocks lost traction and modest buying resumed. The Dollar lost ground following the statement, while oil remained near the lows.Post market close, Facebook topped analyst expectations on earnings and revenue, noting its 1 billionth daily mobile user. GoPro beat on estimates and forecast a return to profitability by the end of the FY. Groupon shares lifted 23% in the after market on raised revenue outlook. Whole Foods results came in line with estimates but comparable sales posted a wider loss than anticipated.**Equities:**- Dow Jones -0.01%- S&P500 -0.12%- Nasdaq +0.58% **Treasuries:**- US 2-yr: -4bps at 0.72%- 10-yr: -5bps at 1.52%- 30-yr: -5bps at 2.23%- 2-10 spread: -1bps at 0.78% **Commodities**: - Sep crude oil $41.88, -2.5%- August Gold $1,340/oz, +1.5%- Sept Silver $20.41/oz, +3.7%- Sept Copper $2.192/oz, -1.5%**Notable afterhours (18:00):**GRPN: Reports Q2 -$0.01 v -$0.03e, R$756M v $712Me; +22.0%FB: Reports Q2 $0.97 (adj) v $0.81e, R$6.44B v $6.01Be; +5.5%MCK: Reports Q1 $3.53 v $3.35e, R$49.7B v $50.2Be; -4.0%WFM: Reports Q3 $0.37 v $0.37e, R$3.70B v $3.69Be; -5.0% Related ( UPDTE ) - Source TradeTheNews.com


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