Trading Room: Asian Session

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William Gilday

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Welcome To Asia Friday July 29th, 2016

Hello traders we are at the end of our trading week and we have the big note of OIL at 41.00$ P/B I have to say the earnings season has really effected yesterday trading and as stocks moved lower. The only high impact data is in the U.S. session with the GDP Q on [Q]

OK let us take a look at what happened after the N.Y close. We do have a large amount of medium data to be released today.

(US) Market Close Summary **Headlines**- Ford earnings and commentary weigh on equity futures- Advanced Goods Trade Balance forces Q2 GDP revisions lower- Natural gas futures pop post-inventory data; crude stays heavy- 7-year bond sale fares better than auctions earlier this week- Apple launches a fresh $7B debt offering- (JP) Japan Min of Finance reportedly has prepared draft statement in event of BOJ easing at Friday's policy meeting - press- Netsuite confirms $9B deal with Oracle**European post close highlights**- OR.FR Reports H1 gross profit €9.3B v €9.2B y/y, EBIT €2.4B v €2.4Be, Rev €12.9B v €13Be- SGO.FR: Reports H1 net €624M v €590Me, EBITDA €2.0B v €1.9B y/y, Rev €19.6B v €19.6Be_Summary:_US equity markets drifted lower through the NYC open. Commentary from Ford Motor's CEO weighed on sentiment as investors again grappled with a deluge of earnings reports. Indices stabilized through the European close as focused shifted to another swath of earnings releases expected after the bell and Friday's Bank of Japan meeting. Expectations remain high that both the BOJ and the Japanese government will come through with another large dose of stimulus. US Treasury prices consolidated the recent move up in price, and oil prices remained under pressure.After the close, Amazon crushed estimates on both top and bottom line, and CEO Bezos noted a welcoming response in the India market. Alphabet (Google) Q2 earnings topped street expectations amid strong advertising demand and 21% y/y Rev growth.**Equities:**- Dow Jones -0.1%- S&P500 +0.2%- Nasdaq +0.3% **Treasuries:**- US 2-yr: -2bps at 0.72%- 10-yr: flat at 1.51%- 30-yr: flat at 2.23%- 2-10 spread: +2bps at 0.80% **Commodities**: - Sep crude oil $41.07, -2.0%- August Gold $1,333/oz, +0.4%- Sept Silver $20.22/oz, +1.1%- Sept Copper $2.215/oz, +1.4%**Notable afterhours (17:00):**GOOGL: Reports Q2 $8.42 v $8.07e, R$21.5B (includes $B TAC) v $20.8B; +5.4%AMZN: Reports Q2 $1.78 v $1.14e, R$30.4B v $29.7Be; +2.2%BIDU: Reports Q2 $1.22 v $0.94e, R$2.75B v $2.59Be; -0.4%WYNN: Reports Q2 $1.07 v $0.97e, R$1.06B v $1.01Be; -5.0%EXPE: Reports Q2 $0.83 v $0.73e, R$2.20B v $2.24Be; Raises dividend; explores potential Trivago IPO; -6.9% Related ( UPDTE ) - Source TradeTheNews.com


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

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Welcome Traders To Asia On A Monday August 1st, 2016

Hello traders what a week we had had week as the earnings season is in full strength as the Oil companies take a big hit as Oil go to 40.00$ P/B. The Fed had a hawkish tone however they are still in a wait and see mode.

Today we have a lot of data from China in this session please be alert to that.The rest of the day we have plenty of data to keep the price action moving. For a Monday I have to say it will be a busy trading day.

OK traders let us look at the week in review from last week :

TradeTheNews.com Weekly Market Update: Barrage of Data Gives Mixed Signals for Second Half This week investors digested a deluge of corporate earnings reports and key economic data while oil prices continued retreat. The S&P500 finished out near another all-time high, while the DJIA was weighed down by weak earnings commentary from several component names. The advance Q2 US GDP estimate showed the US economy has grown at less than a 2% pace for three straight quarters. Expectations for Japanese stimulus ratcheted up and the same went for the BOE. The US Federal Reserve hinted towards an increasing willingness to raise rates later this year, but market reaction/expectations suggest the consensus view is the Fed remains firmly in a wait and see mode. For the week, the DJIA fell 0.8%, the S&P500 slipped 0.1%, while the Nasdaq rose 1.2%.The first estimate of the second quarter US GDP did not see the bump higher that was widely expected. Analysts were calling a healthy rise in Q2 GDP to +2.5% after the anemic +1.1% in Q1. There was no bounce, however, and the advance reading came in at +1.2%, while final Q1 GDP was revised down to +0.8%. Inventory declines continued to drag on GDP, while nonresidential fixed investment declined at a 2.2% y/y pace, the third straight quarterly drop. There were strong components in the report: personal consumption expanded at a 4.2% rate, while outlays on goods advanced 6.8%. And the decline in inventories is apt to deliver a big boost later in the year. The suspense continues in Tokyo, where neither Abe's government nor the Bank of Japan provided concrete details on their plans for big new stimulus packages. The government has confirmed its stimulus will total ¥28 trillion, however the policy mix making up this humongous plan remains unclear. There was press speculation - later denied - that the government would sell 50-year JGBs, the longest maturity of postwar era, although they did suggest that around 25% of the plan would be new spending. The government did confirm that the new plan would be disclosed in full next Tuesday. Expectations were running high ahead of Friday's BoJ meeting, with analysts debating whether the bank would pursue expanded asset purchases, deeper interest rates cuts, or both. In the event, the bank merely boosted its ETF buying program to ¥6 trillion from ¥3.3 trillion and doubled the size of its dollar lending program to $24 billion. The weaker yen trend seen since the election reversed this week, with USD/JPY dipping back below the 102 handle by Friday. The Fed held pat on Wednesday, as expected, and tweaked the statement just enough to suggest a slightly more hawkish outlook. The dollar modestly sold off, with EUR/USD trading back up to the high end of its most recent four-week range, closing out the week around 1.1150, suggesting the market now sees the prospect of another rate hike this year as good for risk appetite. The capsule summary of economic conditions was sweetened to reflect improved economic data, while the second paragraph gained a line saying "near-term risks to the economic outlook have diminished." Similar changes in April were thought to herald a June hike (before the Brexit disaster), and analysts suggest the new additions this time indicate a September hike is on the table. Before the statement, fed funds futures showed roughly 30% odds of a rate hike in September and a 48% chance by December. The futures were more or less unchanged after the statement.UK economic data is starting to expose the negative impact of Brexit on the UK economy, and the Bank of England is gearing up to cut rates and expand its QE program next week. Second quarter UK GDP was ok, however July reports on consumer confidence, retailing and industrial trends all sank deep into the red. The GFK consumer confidence index sank to a two-year low, while the business optimism component of the CBI industrial trends report was stunningly pessimistic. The BoE's Weale told the FT that the Brexit vote had rattled the economy more than he expected. The consensus is that the BoE will cut rates by at least 25 bps and increase QE by £50-75 billion. Other European data was more upbeat, with the German July IFO business confidence survey holding up very nicely, and other measures of Continental consumer confidence not flagging nearly as much as feared. With the euro zone looking solid, many commentators expect the ECB to continue with its wait-and-see policy for a while yet. Crude prices saw another week of sustained losses, as both WTI and Brent sank toward the $40 level amid persistent reports of oversupplied markets. The Baker Hughes rig count has marched higher for five weeks in a row, with total rigs working on North American drilling up about 10% in a month. US crude inventory reports showed more gains in oil stores, and supply disruptions are being resolved in Libya, Nigeria and Canada. Cheap crude has led refiners to produce lots of refined products, which has pushed down margins worldwide, while anemic global growth is not delivering robust demand. There was a slight bounce higher at week's end as short-covering kept WTI and Brent from dipping into the 30s. In second-quarter earnings out this week, Exxon and Chevron both took a severe beating, with Exxon's profits down 60% y/y, while revenue at both firms fell more than 20% as refining margins were pressured.Earnings from global manufacturers Ford and Caterpillar carried pronounced warnings about the global economy. Ford warned there were risks that could keep it from achieving its FY guidance, and the CEO cautioned that the US economy remains under pressure. Cat said "world economic growth remains subdued and is not sufficient to drive improvement in most of the industries and markets we serve." Consumer names continued to indicate some problems: McDonald's headline results were good, but the firm's sales comps were way below expectations, as analysts had predicted a much bigger bump from the firm's big all-day breakfast push. Google, Amazon and Facebook all widely beat expectations and saw continued huge rates of growth in their core internet services. Apple saw its second consecutive quarter of lower revenue and lower iPhone sales, however shares of the tech giant saw solid gains on optimism about the next smartphone cycle.Yahoo reached a deal to sell off its core operations, with Verizon agreeing to pay $4.83 billion in cash to acquire its internet assets. The sale did not include Yahoo's cash, its shares in Alibaba Group, its ownership stake in Yahoo Japan, and the non-core patent portfolio. These will continue to be held by Yahoo, which will change its name at closing and become a publicly traded investment company. Verizon plans to combine Yahoo with its AOL unit. Oracle reached a deal to acquire NetSuite for about $9.3 billion, or $109 per share in an all-cash deal. While their service offerings are similar, NetSuite offers Oracle access to companies sized smaller than its traditional client base, and could also give it some additional competitive edge in taking on primary rival Salesforce. Related ( UPDTE ) - Source TradeTheNews.com


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

William Gilday

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Welcome Traders To Asia August 2nd, 2016

Traders good to be back with you in Asia.The big data in this session will be the RBA rate statement and the interest rate decision.

Other notes to mention is Oil dipped below the 40.00$ P/B however closed just above. The other data in the U.S. was the mis with the ISM data.

Let us look at the close summary from yesterday:

(US) Market Close Summary **Headlines**- July ISM and construction spending falls short of expectations- Biotech drives NASDAQ higher; energy complex weighs on indices- WTI crude futures drop below $40- Tesla and SolarCity announce deal terms- Solar stock shine after Trina Solar going private deal- Microsoft launches $19.75B debt offering- JPM: CEO Dimon: recent GDP data has been a little disappointing; not sure GDP data is all that accurate anymore - CNBC interview- (US) Treasury quarterly financing estimates: To borrow $201B in July to Sep period v $225Be ($155B prior projection)**European post close highlights**- (IT) Italy July New Car Registrations Y/Y: 2.9% v 11.9% prior- REC.IT: Said to discuss with advisers options for company amid interest from Asian firms - press_Summary:_In the wake of Friday's disappointing Q2 GDP report, July ISM manufacturing and construction spending readings failed to reach estimates. Oil prices remained under pressure with WTI falling below the psychological level of $40 per barrel. Oil stocks weigh on the indices. Biotech names rallied after Biogen reported encouraging drug data, as well as continued speculation surrounding industry consolidation scenarios. Treasury prices slid after Doubleline's Gundlach and JP Morgan's CEO Diamond suggested they saw little value in USTs at this time.**Equities:**- Dow Jones -0.2%- S&P500 -0.1%- Nasdaq +0.4% **Treasuries:**- US 2-yr: +2bps at 0.69%- 10-yr: +4bps at 1.50%- 30-yr: +5bps at 2.23%- 2-10 spread: -2bps at 0.81% **Commodities**: - Sep crude oil $40.06, -3.7%- August Gold $1,351/oz, +0.2%- Sept Silver $20.49/oz, +0.7%- Sept Copper $2.195/oz, -1.2%**Notable afterhours (17:30):**AMKR: Reports Q2 +$0.02 v -$0.08e, R$917.3M v $875Me (1 est); +12.1%TTOO: Reports Q2 -$0.58 v -$0.54e, R$0.9M v $2.0Me; -9.1%IDTI: Reports Q1 $0.36 v $0.36e, R$192.1M v $191Me; -17.5% Related ( UPDTE ) - Source TradeTheNews.com



Thank you traders and talk with you soon......William
 

William Gilday

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Welcome Traders To Asia August 3rd, 2016

Traders good to be back with you as we start a new trading day,as we have some things to mention. The U.S. and Asia markets along with London closed in the red yesterday.

Oil is now below 40.00$ P/B closing at 39.73

We only have ywo high impact news today however we have a lot of medium data in all three sessions. Asia will be very slow today after the big news as PM Abe put out his plans for his stimulus package.

OK let us look at the Close of the U.S. as this will give details on all three sessions.

(US) Market Close Summary **Headlines**- Japan stimulus package underwhelms- June PCE, income, and spending data do not change narrative- US Dollar comes under pressure- Crude gives up early gains- Corporate bond issuance remains robust- European bank weakness still in focus- July auto sales disappoint- Mega biotech deal speculation keeps sector performance hot (BIIB and GILD reportedly in play)**European post close highlights**- ELE.FR: Reports 1H net €170M v €172M y/y, Rev €1.30B v €1.34B y/y- SFER.IT: Reports H1 net €90M v €95Me, EBITDA €166M v €170Me, Rev €710M v €714Me_Summary:_US stock indices lost ground today along with global equity markets. Japan's highly anticipated fiscal stimulus package came with little fanfare and markets, at least initially, are not impressed. Interest rates rose along with gold prices, and equity markets moved lower. The US Dollar lost ground, led by a 1.5% fall in the USD/JPY, and is now some six big figures off the mid-July highs. Crude prices gave up an early rally and finished down another 1.3%, pushing WTI to its first close below $40 since early April.Post market close, Etsy shares lifted after raising its full-year outlook. Electronic Arts posted a beat on earnings but its guidance underwhelmed the Street. FitBit's top and bottom line numbers came in ahead of expectations, and the gadget maker beat consensus for its Q3 profit outlook.**Equities:**- Dow Jones -0.5%- S&P500 -0.6%- Nasdaq -0.9% **Treasuries:**- US 2-yr: flat at 0.68%- 10-yr: +4bps at 1.54%- 30-yr: +5bps at 2.29%- 2-10 spread: +4bps at 0.86% **Commodities**: - Sep crude oil $39.73, -0.9%- August Gold $1,362/oz, +0.8%- Sept Silver $20.67/oz, +0.8%- Sept Copper $2.208/oz, +0.4%**Notable afterhours (17:30):**FIT: Reports Q2 $0.12 v $0.11e, R$586.5M v $573Me; +5.6%ETSY: Reports Q2 -$0.06 v -$0.03e, R$85.3M v $83.2Me (2 est); +4.7%CAR: Reports Q2 $0.63 v $0.74e, R$2.24B v $2.21Be; +2.1%EA: Reports Q1 +$0.07 v -$0.02e, R$1.27B v $1.20B y/y; -0.7%CRAY: Reports Q2 -$0.33 v -$0.20e, R$100.2M v $103Me (2 est); -20.1% Related ( UPDTE ) - Source TradeTheNews.com


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

William Gilday

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Welcome To The Asia Session Thursday August 4th, 2016

Hello traders great to be back with you as we get ready for NFP on Friday. Just a couple of notes Oil is back above 40$ P/B. The US stock market closed in the green in all after seven red day's. We have data in all three sessions. In Asia we have the Aussie Retail Sales should move the market. We have a lot of data today so please stay alert to your economic calendar through out the trading day.

OK let us take a look at the markets after the U.S. close that will give us a review of all three sessions yesterday:

(US) Market Close Summary **Headlines**- July ADP tops expectations but remains below 200K- July Services PMI see new orders component jump to highs levels since last fall- US Dollar firms- Crude bounces following EIA figures- Walmart said to be considering purchase of Jet.com- Fed dove Evans still prefers to wait on rising rates- Exxon formally guides FY16 CAPEX below the $23.2B target given in March - 10Q filing**European post close highlights**- EOAN.DE: Said to looking at writedowns related to sale of Uniper spin - press_Summary:_The Dow narrowly avoided what what have been the first 8 day losing streak in 5-years. Indices held close to the unchanged mark for much of the session. The US data was generally decent but did not significantly sway growth expectations. After hours, Tesla reported an earnings miss, noting an extreme production ramp caused it to miss vehicle delivery targets. Herbalife notched a beat on both its top and bottom line and raised FY profit guidance. TripAdvisor shares fell after posting weaker than expected earnings.**Equities:**- Dow Jones +0.2%- S&P500 +0.3%- Nasdaq +0.4% **Treasuries:**- US 2-yr: flat at 0.67%- 10-yr: +1bps at 1.54%- 30-yr: +1bps at 2.29%- 2-10 spread: +1bps at 0.88% **Commodities**: - Sep crude oil $41.12, +4.1%- August Gold $1,355/oz, -0.7%- Sept Silver $20.45/oz, -1.2%- Sept Copper $2.199/oz, -0.4%**Notable afterhours (18:00):**SQ: Reports Q2 -$0.08 v -$0.11e, R$439M v $407Me; +14.1%JACK: Reports Q3 $1.07 v $0.87e, R$368.9M v $367Me; +7.7%HLF: Reports Q2 $1.29 v $1.17e, R$1.20B v $1.19Be (1 est); +2%FSLR: Reports Q2 $0.87 v $0.58e, R$934M v $904Me; -0.3%ALL: Reports Q2 $0.62 v $0.53e, R$9.16B v $8.10Be; -0.4%TSLA: Reports Q2 -$1.06 v -$0.56e, Rev Non-GAAP $1.56B v $1.52Be; -0.4% Related ( UPDTE ) - Source TradeTheNews.com



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

William Gilday

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Aussie Retail Sales Data Just Released

Retail sales numbers:



*(AU) AUSTRALIA JUNE RETAIL SALES M/M: 0.1% V 0.3%E; Q2 CORE Q/Q: 0.4% V 0.5%E - no revisions.The following industries rose in trend terms in June 2016: Other retailing (0.5%), Cafes, restaurants and takeaway food services (0.4%), Clothing, footwear and personal accessory retailing (0.5%) and Department stores (0.1%). Food retailing (0.0%) and Household goods retailing (0.0%) were relatively unchanged in trend terms in June 2016. Related ( AUD/USD EWA ) - Source TradeTheNews.com


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

William Gilday

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Hello Traders Welcome To NFP Friday August 5th, 2016

Hello traders and welcome to NFP Friday and the economic calendar shows it as we have no data releases until the U.S. session. This will make for a very slow technical trading day. I will tell you what my mentor told me 10 years ago, Go play golf or go back to sleep. Sleep sounds good to me haha.

OK just a note oil is above the 40$ P/B mark as we go into the weekend.

OK let us look at the close as we see what happened yesterday and I will tell you traders not much.....

(US) Market Close Summary **Headlines**- BOE meets or exceeds market's stimulus expectations- US data takes back seat to BOE and tomorrow's employment report- Oil prices bounce- US bond prices lift and rates fall in wake of BOE_Summary:_US markets meandered sideways ahead of key economic data releases tomorrow. Equity futures caught a bid in the pre-market when the Bank of England unleashed a new package of stimulus measures, but the effects waned after the NYC open. Insurance stocks were hit hard after several disappointing earnings reports. Biotech names gave back some of the recent gains made on speculation about industry consolidation. Taken together, June SSS readings were disturbingly disappointing, outside of a few bright spots like Limited Brands. Crude oil prices recovered 2% of the recent declines and the Dollar Index drifted higher.**Equities:**- Dow Jones +0.1%- S&P500 +0.0%- Nasdaq +0.1% **Treasuries:**- US 2-yr: -2bps at 0.65%- 10-yr: -4bps at 1.50%- 30-yr: -4bps at 2.25%- 2-10 spread: -2bps at 0.86% **Commodities**: - Sep crude oil $41.84, +2.5%- August Gold $1,358/oz, +0.2%- Sept Silver $20.39/oz, -0.4%- Sept Copper $2.173/oz, -1.2%**Notable afterhours (17:00):**RAX: Said to be in advanced talks to be sold to PE firm - press; +20.7%LGF: Reports Q1 +$0.20 v -$0.23e, R$553.6M v $501Me;+5.0%ATVI: Reports Q2 $0.54 v $0.45e, R$1.61B v $1.50Be; +1.2%WTW: Reports Q2 $0.46 v $0.48e, R$310M v $319Me; -6.5%FEYE: Reports Q2 -$0.33 v -$0.39e, R$175M v $181Me; -13.1% Related ( UPDTE ) - Source TradeTheNews.com


Thank you traders and we will see you after the break in the next Asia session........ William
 

William Gilday

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Welcome To Asia Monday August 8th, 2016

Hello traders and welcome to Asia at the start of a new trading week.

Well the talk I am sure is the good numbers from NFP at 250,000 new jobs to the U.S. I feel the average earnings is so much more important as the number was a very good number.

The data for today is light and the high lite is the China Trade Balance due out in the Asia session the rest of the day is slow.

US jobs gain puts Fed’s September rate hike back on track
The U.S. added 255,000 jobs in July exceeding expectations after adding a revised 292,000 jobs in June. The May employment figures were also revised upward from a horrendous 11,000 to 24,000. The USD gained across the board as employment continues to be the strongest pillar of the U.S. economy. The U.S. non farm payrolls (NFP) report hit all the right notes with job gains, wage growth and small upticks in the participation rate leaving the unemployment rate steady at 4.9 percent but the biggest contribution was easing market fears about the slowdown of the American economy after a soft advanced gross domestic product (GDP).

The Census Bureau will publish the U.S. retail sales on Friday, August 12 at 8:30 am EDT. Retail and core data were above the forecast last month and are now expected to gain at a slower rate. Retail sales are anticipated at 0.4 percent and core retail sales at 0.2 percent. Consumer spending has been gaining momentum after confidence figures showed Americans were optimistic about the economy.

Major central banks are deploying easing monetary policy campaigns with the Bank of England (BoE) forced into action after the British vote to leave the European Union. The strong NFP report reaffirms the possibility of a rate hike in 2016 from the U.S. Federal Reserve to highlight the growing divergence between central bank policies.

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

William Gilday

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Welcome To Asia Tuesday August 9th, 2016

Hello traders good to be back with you as we look what happened yesterday and I have to say a very slow price action day. Oil is back to above 43.00$ mark and the charts look very bullish.

We have a slow data week this week, How ever I am looking for a good week. Traders let us look at what happened yesterday as we continue to be in earnings week. The big data release is China has CPI release today that is our only high impact event today.

(US) Market Close Summary **Headlines**- Delta cancels 360+ flights following power outage at Atlanta hub- Abbott likely to sue to get out of Alere acquisition - CNBC's Faber- (US) July Labor Market Conditions Index Change: +1.0 v -1.9 prior- Krebs learns of data breach at Oracle's MICROS point-of-sale division- Fitness tracker maker Jawbone reportedly has approached hardware manufacturers about selling itself - The Information**European post close highlights**- BPOST.BE: Reports Q2 net €88M v €94Me, adj EBITDA €159M v €164Me, Rev €592M v €590Me_Summary:_The S&P500 hit fresh intraday highs around 2,185 at the start of the US session, but equities drifted lower through the European close as the momentum faded from last Friday's positive jobs report and some mixed European data overnight weighed on sentiment. The US Dollar strengthened slightly against the euro, pound and yen, while Treasuries were little changed. Natural gas futures declined, marking its third consecutive down trading session. Oil, however, rose +3%, which gave a boost to energy names, while laggards on the day were health care and consumer discretionary. With little US data, markets largely kept in a holding pattern most of the afternoon awaiting retail figures expected after the close.After market close, Gap reported a wider than expected dip in same-store sales, with Banana Republic revenues hit especially hard. News Corp notched quarterly earnings below estimates, noting weakness in the print advertising market. **Equities:**- Dow Jones -0.1%- S&P500 -0.2%- Nasdaq -0.1% **Treasuries:**- US 2-yr: flat at 0.73%- 10-yr: flat at 1.58%- 30-yr: -1bps at 2.30%- 2-10 spread: flat at 0.87% **Commodities**: - Sep crude oil $42.84, +2.5%- August Gold $1,333/oz, -0.2%- Sept Silver $19.75/oz, -0.4%- Sept Copper $2.160/oz, +0.3%**Notable afterhours (17:30):**NUAN: Reports Q3 $0.38 v $0.37e, R$485M v $490Me; -1.2%GPS: Reports July SSS -4% v -0.3%e; Guides Q2 $0.58-0.59 (ex $0.28 in store closure and streamlining costs) v $0.47e, R$3.85B v $3.75Be; -4.9%MTW: Reports Q2 $0.04 v $0.03e, R$457.7M v $468Me: -12.8%MXL: Reports Q2 $0.50 v $0.44e, R$102M v $102Me; -14.4% Related ( UPDTE ) - Source TradeTheNews.com

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

William Gilday

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Welcome to Asia aAt The Middele Of The Week, August 10th, 2016

Hello traders always good to be with you as we have a busy trading day today. The only high impact data release is in the U.S session with the weekly " Crude Oil Inventories ". Traders that is it as the rest of the day is very slow with a couple of medium impact today. Oil has now dipped to 72.77 as we continue to stay in this range. In Asia we have Governor Stevens talk yoday from the RBA. t

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

(US) Market Close Summary **Headlines**- US indices touch fresh all-time highs once again- Valeant shares bounce after reaffirming outlook- Q2 Preliminary Nonfarm Productivity: -0.5% v +0.4%e; Unit Labor Costs: 2.0% v 1.8%e - US 3-year note sale sees solid demand- Transports lag, weighed down by the Airlines_Summary:_The major US indices once again touched fresh all-time highs early in the session before backing off. The Transports average lagged, hurt by weakness in the airlines and railroads. Banks, restaurants and consumer product companies traded higher. Productivity data continued to trend in the wrong direction, while Q2 labor costs drifted upwards. The Dollar softened despite some modest weakness in the British Pound. US Treasury markets rallied into and through a solid three-year note sale.Post-market close, Disney reported above expectations on earnings and revenue, and the conglomerate announced it bought a $1B stake in baseball streaming company BAMTech. Disney shares slipped as it reported only 1% growth in cable networks revenue. Fossil exceeded top and bottom line Street estimates and cited progress in its wearables performance.**Equities:**- Dow Jones +0.0%- S&P500 +0.0%- Nasdaq +0.2% **Treasuries:**- US 2-yr: -1bps at 0.71%- 10-yr: -4bps at 1.55%- 30-yr: -4bps at 2.26%- 2-10 spread: -3bps at 0.84% **Commodities**: - Sep crude oil $42.73, -0.7%- August Gold $1,339/oz, +0.4%- Sept Silver $19.89/oz, +0.4%- Sept Copper $2.152/oz, -0.6%**Notable afterhours (17:15):**YELP: Reports Q2 $0.16 v -$0.07e, R$173.4M v $170Me; +10.9%FOSL: Reports Q2 $0.12 v $0.09e, R$685.4M v $674Me; Amends credit agreement; +1.8%DIS: Reports Q3 $1.62 v $1.61e, R$14.3B v $14.2Be; -1.3%MYGN: Reports Q4 $0.36 v $0.38e, R$186.5M v $188Me; -20.9%SPWR: Reports Q2 -$0.22 v -$0.23e, R$402M v $341Me; -22.0% Related ( UPDTE ) - Source TradeTheNews.com


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