Trading Room: Asian Session

[William Gilday]

Welcome To Asia Thursday Auguest 11th, 2016

Hello traders and good to be with you as we take a look at today and what evolved yesterday. I have toy it has been a slow week and a challenge to trade. We had a big event in Asia today as the NZD as the dropped there interest rate .25bps. RBNZ Gov. Wheeler speaks in Asia.

OK let us take look at what happened yesterday:

(US) Market Close Summary **Headlines**- JOLTS figures remain solid, but continue to lag Labor Department reports - Greenback loses ground early, helps commodities- Disney shares open lower, but rebound after Q2 earnings and ESPN OTT announcement- Crude prices slip following weekly builds in crude and gasoline stockpiles - US Steel and Zimmer Biomet price upsized offerings- Solid US 10-year sale pushes the 10-year yield back to 1.5%- July monthly budget statement: -$112.8B v -$115.0Be- Chesapeake agrees to exit Barnett Shale, asset to be acquired and operated by PE firm First Reserve_Summary:_US equities slipped lower after the first 90 minutes of trade. The Transports and Russell 2,000 led the way lower, but the trading was very orderly once again. Indices stayed within the recently defined ranges, though holding just below all-time highs. Oil prices slipped after weak EIA data revealed surprise builds in crude stockpiles on essentially flat production. The US dollar traded weaker, as many pointed to yesterday's disappointing productivity data creating a hurdle to any potential Fed rate hike as the catalyst. The Dollar index lost roughly half a percent. The benchmark 10-year yield declined by 4 basis points as the market easily digested $24B in new supply from the Treasury.**Equities:**- Dow Jones -0.2%- S&P500 -0.3%- Nasdaq -0.4% **Treasuries:**- US 2-yr: -2bps at 0.69%- 10-yr: -4bps at 1.51%- 30-yr: -3bps at 2.23%- 2-10 spread: -2bps at 0.82% **Commodities**: - Sep crude oil $41.50, -3.0%- August Gold $1,345/oz, +0.4%- Sept Silver $20.18/oz, +1.6%- Sept Copper $2.174/oz, +1.1%**Notable afterhours (17:00):**CHK: Agrees to exit Barnett Shale, asset to be acquired and operated by PE firm First Reserve; announces renegotiation of mid-continent gas gathering agreement; +5.8%IMOS: Reports Q2 $0.02 (unclear if comp**) v $0.12e, R$146.7M v $147Me (2 est); -1.1%SHAK: Reports Q2 $0.14 v $0.13e, R$66.5M v $63.3Me; -8.3% Related ( UPDTE ) - Source TradeTheNews.com

Traders i have to mention there is no data for the rest of the day so be alert to that.......William

 

[William Gilday]

Welcome Traders To Friday Asia session August 12th, 2016

Hello traders and good to be back with you as we come to the end of the week however we have much work to do today. We had some data from NZD today as they reported Retail Sales and the numbers were good. We have plenty of data to be released today should keep price action moving.

Oil remains in that range and is just above 43.00$ P/B

OK let us take a look at what the close gave us yesterday as the markets are in the green.....

(US) Market Close Summary **Headlines**- July US import prices rise curiously- Crude surges on resurfacing hopes of coordinated producer action later this year- Retail stocks bounce after key earnings reports (Alibaba, Kohls and Macy's)- US 30-year bond sale closes the books on a solid week for new US Treasury supply- Mexico leaves rates unchanged as expected- Fed's Williams (moderate, non-voter): it is still appropriate to raise rates this year - press interview_Summary:_US indices powered towards fresh record highs yet again, helped by positive receptions to some key late season earnings reports and a jump in oil prices. The retail space shined after Macy's indicated they were going to be aggressive in taking out retail real estate capacity. The energy complex rallied along with crude prices on renewed reports producers were again moving towards rekindling talks about some kind of coordinated action. Treasury markets slumped as money found its way to equities, pushing yields up modestly on the session. After the close, Nvidia crushed analyst estimates on the back of strong demand for its new Pascal-generation GPUs. Nordstrom reported earnings above forecasts, citing the positive effect of a quarterly anniversary sale. **Equities:**- Dow Jones +0.6%- S&P500 +0.5%- Nasdaq +0.5% **Treasuries:**- US 2-yr: +6bps at 0.75%- 10-yr: +6bps at 1.57%- 30-yr: +6bps at 2.29%- 2-10 spread: flat at 0.82% **Commodities**: - Sep crude oil $43.50, +4.3%- August Gold $1.335/oz, -0.7%- Sept Silver $19.98/oz, -1.0%- Sept Copper $2.188/oz, +0.8%**Notable afterhours (17:15):**JWN: Reports Q2 $0.67 v $0.55e, R$3.65B v $3.65Be; +11.2%NVDA: Reports Q2 $0.53 v $0.37e, R$1.43B v $1.35Be; +3.4%DDS: Reports Q2 $0.35 v $0.34e, R$1.45B v $1.45Be; -3.5%RT: Reports Q4 -$0.46 v $0.07 y/y, R$279.3M v $296.8M y/y; -10.2% Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome To Asia Tuesday August 13th, 2016

Hello traders we are looking for some price action todat as yesterday was very very slow. We do have data in all sessions today, As we look for the RBA meeting minutes in Asia.

Just a note that Oil has come above the 45.00$ P/B level and looks to be bullish I am looking for the return of the 50.00$ P/B mark.

OK let us take a look at what happened at the close yesterday and some of the numbers.

(US) Market Close Summary **Headlines**- Indices push to record highs yet again in very quiet trading- WTI crude holding above $45- Aug Empire manufacturing unexpectedly declines- NAHB housing index matches expectations- (US) Fed's Williams (moderate, non-voter): central banks may need to increase inflation targets- (US) JUNE TOTAL NET TIC FLOWS: -$202.8B V -$11.0B PRIOR; NET LONG-TERM TIC FLOWS: -$3.6B V +$42BE- Berkshire discloses increased Apple stake, cut in WalMart _Summary:_US equity markets finished at all-time closing highs after a very quiet trading day. Oil continued its ramp higher on news of consultation between the Saudis and Russians regarding market stability, while the Dollar Index fell somewhat but finished off its low. Key components of the Empire Manufacturing data remained strong, with new orders up slightly versus a contraction in July, and homebuilder sentiment came in slightly better than expected. Treasuries declined modestly, and the yield curve steepened a bit. Sector outperformers on the day were tech, energy and materials, while utilities and telecom were the laggards. **Equities:**- Dow Jones +0.3%- S&P500 +0.3%- Nasdaq +0.6% **Treasuries:**- US 2-yr: +2bps at 0.73%- 10-yr: +4bps at 1.55%- 30-yr: +4bps at 2.28%- 2-10 spread: +2bps at 0.83% **Commodities**: - Sep crude oil $45.68, +2.7%- August Gold $1,338/oz, +0.2%- Sept Silver $19.83/oz, +0.6%- Sept Copper $2.150/oz, +0.5%**Notable afterhours (17:15):**PETX: Granted FDA Approval of NOCITA(bupivacaine liposome injectable suspension); +5.1%FN: Reports Q4 $0.60 v $0.60e, R$276.4M v $263Me; +4.5%VIPS: Reports Q2 $0.17 v $0.16e, R$2.02B v $1.90Be; +3.6%DAVE: Reports Q2 $0.17 v $0.12e, R$28.0M v $28.7Me (2 est); -3.1%HAIN: Delays release of its Q4 and FY2016 financial results due to evaluation of certain concessions to distributors; does not expect to meet previously announce - Source TradeTheNews.com


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

 

[William Gilday]

Hello Traders Welcome To Asia Wednesday August 17th, 2016

Hello traders and we have made it to our mid point of the trading week as we look to an active day. Just a note that Oil has climbed above 46.00 P/B and looks bullish to the 50$ level. We had some data released in Asia this session as NZD had Employment Change Q on Q and was a good number 2.4 vs 0.6. We have data in London and the U.S. sessions today. We have FOMC meeting minutes at 1400 hours on wall street. We have the weekly Oil inventories today also.

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

(US) Market Trading Hours Summary **Headlines**- (IR) Iran Oil Min Zanganeh: Has yet to decide whether to participate in any informal OPEC talks on sideline at Sept IEA conference - financial press- (US) July CPI M/M: 0.0% V 0.0%e; CPI Ex Food And Energy M/M: 0.1% V 0.2%e - (US) July CPI M/M: 0.0% V 0.0%e; CPI Ex Food And Energy M/M: 0.1% V 0.2%e - (US) July Industrial Production M/M: 0.7% V 0.3%e; Capacity Utilization: 75.9% V 75.6%e- Fed's Dudley (dove, FOMC voter): Getting closer to the time for a rate hike, Sept rate hike is possible - TV interview- US Dollar Index falls to levels not seen since Brexit; USD/JPY trades below 100- PraxAir shares advance on reports of tie-up with Germany's Linde- Crude prices climb above 50-day moving average- US Treasury prices fall after Dudley comments overshadow inflation readings- (NZ) Fonterra Global Dairy Trade Auction: Dairy Trade price index: +12.7% v +6.6% prior- EPA finalizes greenhouse gas requirements for medium and heavy duty trucks; 2027 model year trucks to be 25% more efficient- Ford targets fully autonomous vehicle for ride sharing in 2021**European post close highlights**- ADP.FR: Reports July traffic at 9.6M, +1.4% y/y_Summary:_The tone for today's trading session was set in the US pre-market. Traders were monitoring a notable decline in the US dollar along with firming bond and commodity markets, when benign June CPI figures appeared to bolster conviction in those trades. Only minutes after the data, the Fed's Dudley reversed sentiment when he noted the case may eventually be made for a September rate hike. Treasury prices moved lower as stocks came under modest pressure after the NYC open. Banking equities improved, helped by the small back-up in rates, while utilities and REITS underperformed. Oil futures remain bid despite commentary out of Iran suggesting they are still not ready to come to the table to seriously discuss coordinated supply action. **Equities:**- Dow Jones -0.4%- S&P500 -0.4%- Nasdaq -0.5% **Treasuries:**- US 2-yr: +2bps at 0.75%- 10-yr: +2bps at 1.58%- 30-yr: +1bps at 2.29%- 2-10 spread: flat at 0.83% **Commodities**: - Sep crude oil $46.70, +2.1%- Dec Gold $1,354/oz, +0.5%- Sept Silver $19.84/oz, -0.0%- Sept Copper $2.171/oz, +0.9% Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome Traders To Thursday In Asia August 18th, 2016

Hello traders and good to be back with you as we had some data released late in the U.S. session. The Fed has really made no new comments when the meeting minutes were released and as the majority is hawkish for a rate hike there is no indication this will happen this year.

Oil continues to climb shortly as we are at 46.88 P/B at the close and bad Oil inventories data released.

We have some data from AUD as there Employment Change comes out today. We do have consistent releases throughout the trading day.

OK traders let us take a look at the close of the U.S. markets and the summary for yesterday:

(US) Market Trading Hours Summary **Headlines**- Retailers Target and Lowe's struggle in Q2; cut outlook- US equities slip ahead of FOMC minutes- Brazil Aug FGV Inflation IGP-10 M/M: -0.3% v -0.3%e- DOE Crude: -2.5M v +0.5Me; Gasoline: -2.7M v -1.5Me; Distillate: +1.9M v -0.5Me- FOMC minutes fail to reinforce recent hawkish talk; many judged that it was appropriate to wait for additional information while some judged that another increase in the federal funds rate was or would soon be warranted- Fed's Bullard: reiterates expects to see one rate hike over two years_Summary:_US stock indices were looking at the second straight down session after the NYC open. Weakness in overseas banks and a few key retail earnings reports dented overall sentiment. Oil prices lifted and Treasury yields held in the upper third of a 1.5 month range heading into what was generally expected to be another hawkish slant in the July FOMC minutes. The July minutes failed to sufficiently reinforce the recent Fedspeak suggesting a September rate hike is a real possibility. Markets appear to be doubling down on bets that the Fed is unlikely to move rates up until December at the earliest. The Dollar softened, while gold and bond markets firmed following the minutes. Stock prices found support into and through the release, as well. **Equities:**- Dow Jones +0.1%- S&P500 +0.1%- Nasdaq -0.1% **Treasuries:**- US 2-yr: -1bps at 0.74%- 10-yr: -2bps at 1.55%- 30-yr: -3bps at 2.27%- 2-10 spread: -1bps at 0.83% **Commodities**: - Sep crude oil $46.87, +0.6%- Dec Gold $1,352/oz, -0.4%- Sept Silver $19.67/oz, -1.0%- Sept Copper $2.157/oz, -0.7% Related ( UPDTE ) - Source TradeTheNews.com

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

 

[William Gilday]

Welcome Traders To Friday In Asia August 19th, 2016

Hello traders good to be with you on this end of week Friday. Well we have a very light data release day today so wee will be be a technical trading day. Traders I have to say the low volatility in the summer low is really bad this week so be patient with your trades and do not force your entries. The good news is we only have two weeks and we will be back to full strength and the summer holiday will be over. Another note Oil closes above 48.00$ P/B and as I have said we are heading to 50.00$.

OK let us take a look at the close from yesterday:

(US) Market Trading Hours Summary **Headlines**- (US) Initial Jobless Claims: 262K V 265Ke; Continuing Claims: 2.175M V 2.14ME- (US) Aug Philadelphia Fed Business Outlook: 2.0 V 2.0E- ILMN: Thermo Fisher reportedly makes $30B bid for Illumina - StreetInsider- (US) Fed's Dudley (dove, FOMC voter): fears of labor market stalling are much reduced - comments in NYC- HOG: Reaches settlement with US regulators after lawsuit filed over emission control defeat devices - press- (US) Weekly EIA Natural Gas Inventories: +22 bcf vs. +25 to +27 bcf expected range - T. Rowe Price reportedly to sue Valeant over allegations of a 'fraudulent scheme'- (US) Dept of Justice to end its use of private prisons due to safety and security issues - Washington Post- Williams rejects new takeover offer from Enterprise Products **European post close highlights**- 888 and Rank Group do not intend to make improved bid for William Hill_Summary:_US stock indices are mixed in choppy trading, with the market focused on jobless claims which came in better than anticipated and more Fed Sept meeting speculation. The Fed's Dudley, who sounded more hawkish than usual earlier this week, commented today that he puts less weight on GDP growth than labor market data, and noted recent strong jobs reports have allayed Fed concerns about a slowdown. The dollar is weaker on the day, and Treasury prices held near the highs following solid demand for the 5-year TIPS auction. Natural gas rallied after inventory data showed a smaller-than-expected build, as crude lifted for the sixth straight session, with WTI up 3%, testing the $48 handle. Shares of private prison operators Geo Group and Corrections Corp fell as much as 50% after the DOJ said it would wind down use of 13 private prisons. Gap and Ross are expected to report after the close as earnings season winds down.**Equities:**- Dow Jones -0.1%- S&P500 +0.1%- Nasdaq -0.1% **Treasuries:**- US 2-yr: -2bps at 0.71%- 10-yr: -3bps at 1.53%- 30-yr: -2bps at 2.25%- 2-10 spread: -1bps at 0.82% **Commodities**: - Sep crude oil $48.12, +2.9%- Dec Gold $1,358/oz, +0.7%- Sept Silver $19.78/oz, +0.7%- Sept Copper $2.171/oz, +0.9% Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

welcome Traders To Asia Monday August 22nd, 2016

Hello traders good to be back with you on a new trading week. There is no High Impact data today so it will most likely be a very slow trading day using technical s all day for our trading.

Just a note oil remains above 80.00 P/B for the second week.

Traders we have two weeks left of this summer low please be patient in your trading, maybe place on your trading cap. The Fed just keeps playing games about the interest rate hike I think they just like screwing with the market.

OK let us take a look at last week in review and what to see what is coming out:

TradeTheNews.com Weekly Market Update: Markets Drift Sideways, Looking Ahead to Jackson Hole Major equity indices retreated slightly from record highs in light summer trading, while the 10-year Treasury yield crept up toward 1.6% this week. Crude futures continued to march higher with Brent breaking above $50/bbl for the first time since early July and WTI topping $48/bbl, even as the Baker Hughes rig count rose for the eighth straight week. The greenback hit seven-week lows against the Yen and Euro before mounting a small recovery on Friday. For the week, the DJIA lost 0.1%, the S&P500 slipped less than 0.1%, and the Nasdaq edge up 0.1%.The economic data this week was mostly unremarkable, though US July core CPI came in one-tenth weaker than expected. Meanwhile UK inflation data saw some fallout from the Brexit vote and post-referendum sterling fall: July CPI hit a 20-month high at 0.6% y/y and manufacturers saw the biggest jump in PPI in 3 years. On Friday, a report said that Prime Minister May would invoke EU Article 50 and start the 2-year Brexit process by next April.In corporate news, Cisco beat earnings expectations but was weighed on by a 7% workforce reduction announcement. Private prison operators Corrections Corp and Geo Group were subject to hard time this week after the DOJ said it would phase out their contracts, hitting their shares by as much as 50% on Thursday. A raft of Fed speakers set a somewhat more hawkish tone as markets look ahead for signals about rate tightening at the Jackson Hole symposium next week. Most notably, the normally dovish NY Fed President Dudley said the time for a rate hike is getting closer and would not rule out a September move. The minutes of the July FOMC meeting released this week indicated that Fed members are still divided on the future course of action and wanted more data before making a decision. Monday(US) AUG EMPIRE MANUFACTURING: -4.2 V +2.0E(US) AUG NAHB HOUSING MARKET INDEX: 60 V 60E(US) JUNE TOTAL NET TIC FLOWS: -$202.8B V -$11.0B PRIOR; NET LONG-TERM TIC FLOWS: -$3.6B V +$42BETuesdayBLT.UK: Reports FY16 Net loss $6.39B v profit $1.91B y/y, Underlying profit $1.22B v $1.04Be; Rev $30.9B v $52.3B y/y(UK) JULY CPI M/M: -0.1% V -0.1%E; Y/Y: 0.6% (20-month high) V 0.5%E; CPI CORE Y/Y: 1.3% V 1.4%E(UK) JULY RPI M/M: +0.1% V -0.1%E; Y/Y: 1.9% V 1.7%E(UK) JULY PPI INPUT M/M: 3.3% V 1.0%E; Y/Y: 4.3% V 2.0%E (largest annual rise since July 2013)(DE) GERMANY AUG ZEW CURRENT SITUATION SURVEY: 57.6 V 50.2E; EXPECTATIONS SURVEY: 0.5 V 2.0EHD: Reports Q2 $1.97 v $1.96e, R$26.5B v $26.4Be(US) JULY CPI M/M: 0.0% V 0.0%E; CPI EX FOOD AND ENERGY M/M: 0.1% V 0.2%E; CPI NSA: 240.647 V 240.805E(US) JULY HOUSING STARTS: 1.211M V 1.180ME; BUILDING PERMITS: 1.152M V 1.160METJX: Reports Q2 $0.84 v $0.80e, R$7.88B v $7.87Be(US) JULY INDUSTRIAL PRODUCTION M/M: 0.7% V 0.3%E; CAPACITY UTILIZATION: 75.9% V 75.6%E(US) Fed's Dudley (dove, FOMC voter): Getting closer to the time for a rate hike, Sept rate hike is possible; Bond market is looking a bit stretched, 10-year yield is looking a bit low, given the circumstances - TV interview(US) Fed's Lockhart (moderate, non-voter): would not rule out at least one rate hike this year; not committed to any particular timing on rate hike(US) Atlanta Fed GDPnow: raises Q3 GDP forecast to 3.6% from 3.5% on Aug 12th(US) EPA finalizes greenhouse gas requirements for medium and heavy duty trucks; 2027 model year trucks to be 25% more efficientF: Targets fully autonomous vehicle for ride sharing in 2021WednesdayCARLB.DK: Reports H1 adj Net DKK1.41B v DKK1.80B, EBIT DKK3.45B v DKK3.54Be, Rev DKK31.2B v DKK31.5Be(UK) JULY JOBLESS CLAIMS CHANGE: -8.6K V +9.0KE; CLAIMANT COUNT RATE: 2.2% V 2.2%E(UK) JUN ILO UNEMPLOYMENT RATE 3M/3M: 4.9% V 4.9%E(UK) JUN AVERAGE WEEKLY EARNINGS 3M/Y/Y: 2.4% V 2.4%E; WEEKLY EARNINGS (EX BONUS) 3M/Y/Y: 2.3% V 2.3%E700.HK: Reports Q2 Net CNY10.7B v CNY9.52Be, Rev CNY35.7B v CNY23.4B y/yMON: Reportedly allows Bayer limited access to confidential company information; Bayer has not yet signed confidentiality agreement with Monsanto and ongoing talks described as "difficult" - press(PT) Canadian ratings agency DBRS analyst: agency is 'comfortable' with current Portugal BBB rating - press(US) FOMC MINUTES FROM JULY 26-27TH MEETING: FED OFFICIALS SPLIT, WANT MORE DATA BEFORE DECISION ON RATE HIKECSCO: Reports Q4 $0.63 v $0.60e, R$12.6B v $12.5Be; to eliminate up to 5.5K positions (7% of global workforce)992.HK: Reports Q1 $0.02 v $0.01e; Net $173M v $111Me, Rev $10.1B v $9.9Be(CN) CHINA JULY PROPERTY PRICES M/M: FALL IN 16 OUT OF 70 CITIES VS FALL IN 10 PRIOR; Y/Y: FALL IN 11 OUT OF 70 CITIES V FALL IN 12 PRIOR(AU) AUSTRALIA JULY EMPLOYMENT CHANGE: +26.2K V +10.0KE; UNEMPLOYMENT RATE: 5.7% V 5.8%EThursday(UK) JULY RETAIL SALES (EX AUTO FUEL) M/M: 1.5% V 0.3%E; Y/Y: 5.4% V 3.9%E(UK) JULY RETAIL SALES (INCLUDING AUTO FUEL) M/M: 1.4% V 0.1%E; Y/Y: 5.9% V 4.2%E(EU) EURO ZONE JULY CPI M/M: -0.6% V -0.5%E; Y/Y: 0.2% V 0.2%E V 0.2% ADVANCE; CPI CORE: 0.9% V 0.9%E(US) INITIAL JOBLESS CLAIMS: 262K V 265KE; CONTINUING CLAIMS: 2.175M V 2.14ME(US) AUG PHILADELPHIA FED BUSINESS OUTLOOK: 2.0 V 2.0EHOG: US regulators file suit over emission control defeat devices, claims Harley Davidson violated Clean Air Act - press(US) Dept of Justice to end its use of private prisons due to safety and security issues - Washington Post(US) Fed's Williams (moderate, non-voter): calls for rate hike sooner rather than later; raising interest rates makes senseAMAT: Reports Q3 $0.50 v $0.47e, R$2.82B v $2.83BeGPS: Reports Q2 $0.60 v $0.58e, R$3.85B v $3.81BeFriday(UK) JULY PUBLIC FINANCES (PSNCR): -£2.1B V +£13.5B PRIOR; PUBLIC SECTOR NET BORROWING: -£1.5B V -£2.2BE(ID) INDONESIA CENTRAL BANK (BI) LEAVES 7-DAY REVERSE REPO RATE (new benchmark rate) UNCHANGED AT 5.25% (not expected)(UK) UK govt reportedly likely to trigger Brexit by April 2017 - press(US) Weekly Baker Hughes Rig Count: 491 v 481 w/w (+2%) (8th straight week of increase) - Source TradeTheNews.com

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

 

[William Gilday]

Welcome Traders To Asia August 23rd, 2016

Hello traders good to be back with you as we see Oil all over the place and staying in the range between 45 to 50$ and continues to play this. This again shows us the slow summer and I am glad to say this is coming to a close in two weeks. We only have two high impact data today one in London GBP and one in the U.S session. It is a slow data day so we will trade technical today and I like that.

OK let us take a look at the close of the U.S. session and the summary of the markets:

(US) Market Trading Hours Summary **Headlines**- (US) July Chicago Fed National Activity Index: 0.27 v 0.20e- Pfizer wins Medivation with $14B cash offer- Syngenta receives clearance from the Committee on Foreign Investment in the US with ChemChina (CFIUS)- (UK) UK govt said to be readying multi-billion-pound post-Brexit housing stimulus - press- (JP) Japan govt to run ¥3.3T supplementary budget to finance PM Abe economic stimulus - press- Oil prices back away from $50 mark- US Treasury prices firm ahead of coupon supply and Jackson Hole - Valeant shares +10%, top $30 after announcing new CFO**European post close highlights**- PHA.FR: Acquires an 80% stake in NOVIATEK; no terms disclosed_Summary:_US indices began the week under modest pressure after European bourses saw early gains evaporate. The trading has been choppy once again, with buyers stepping in to send US markets into positive territory on several occasions, only to slip back into the red. Oncology names are lifting after Medivation finally reached a deal to sell itself, which has provided a boost to the whole biotech sector. Energy stocks were heavy with a 3.5% decline in oil prices weighing on the sector. The Sep WTI contract comes off the board today while talk of increased Iraq production has kept prices capped below $50 to this point. US Treasury markets benefited with lower yields in the 10- and 30-year paper, leading to a modest flattening along the curve. **Equities:**- Dow Jones -0.2%- S&P500 -0.2%- Nasdaq -0.01% **Treasuries:**- US 2-yr: -1bps at 0.74%- 10-yr: -4bps at 1.54%- 30-yr: -5bps at 2.23%- 2-10 spread: -3bps at 0.80% **Commodities**: - Oct crude oil $47.42, -3.5%- Dec Gold $1,338/oz, -0.2%- Sept Silver $18.86/oz, -2.4%- Sept Copper $2.140/oz, -1.3% Related ( UPDTE ) - Source TradeTheNews.com


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

 

[William Gilday]

Welcome to Asia Wednesday August 24th, 2015

Hello traders good to be with you as we are at the middle of the trading week. Just some notes we are above the 48.00$ P/B in Oil. In the U.S. session housing starts was a very good number as the last time this high 1007.

Traders I have to tell you it is very slow as people finish up there summer vacations.

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

(US) Market Trading Hours Summary **Headlines**- Global July PMIs remain mixed, continue to point towards choppy growth- July new homes sales and Toll Brothers Q3 results point to a heating US housing market- July Richmond Fed manufacturing reading disappoints substantially- Crude prices reverse higher on reports Iran getting closer to producer cooperation- Best Buy shares surge 15% on positive SSS and better than expected results- Treasury 2-year auction sees good demand, stops through WI by a full basis point- (US) Fed's Kaplan (moderate, non-voter): a rate rise is warranted if jobs trend continues; the US economy is moving forward - Nikkei interview**European post close highlights**- (ZA) South Africa police unit said to ask Fin Min Gordhan to report - press_Summary:_US indices stretched towards fresh intraday highs early in the session after European stock markets rose on solid PMI data. Homebuilding stocks were notably strong following Toll Brothers' quarterly results, and July new homes were built at the fastest pace since 2007. Consumer-related names fared well after Best Buy's robust Q2 results provided a shot of confidence for the electronics space heading into back to school and holiday season run-up. The July Richmond Fed manufacturing reading had little impact on todays trade despite flashing some concerning warning signals for the US manufacturing industry. Global markets were otherwise relatively subdued as trading volumes remained thin. Oil prices moved higher on the latest press headlines suggesting sources believe OPEC members are moving closer to joint action. After trading in the red, WTI finished up 1.5% on the day back above $48. The Rand fell 3% after news emerged South Africa Fin Min Gordhan has been asked to report to the Directorate for Priority Crime Investigation concerning allegations of a rogue unit located in the South Africa Revenue Service (SARS).**Equities:**- Dow Jones +0.2%- S&P500 +0.3%- Nasdaq +0.4% **Treasuries:**- US 2-yr: +1bps at 0.75%- 10-yr: +1bps at 1.55%- 30-yr: -1bps at 2.23%- 2-10 spread: flat at 0.81% **Commodities**: - Oct crude oil $48.08, +1.4%- Dec Gold $1,344/oz, +0.0%- Sept Silver $18.88/oz, +0.1%- Sept Copper $2.115/oz, -1.2% Related ( UPDTE ) - Source TradeTheNews.com


Traders the data releases to today are very few.

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

 

[William Gilday]

Welcome Traders To Asia Thursday August 25th, 2016

Hello traders and good to be with you today as we have no data to be released in this session. We do have data in London session German IFO and then we have Data in U.S. Session Core Durable Goods Orders. All high impact. We have other minor data today in all sessions.

Just some notes Oil is above 46.00$ P/B as inventories come in.

I would have to say the market is quite as Jackson Hole Fed meeting this weekend, hoping for some direction. No I do not think they will say anything however we can hope.

OK let us take a look at the close of U.S. sessions and what the markets did:

(US) Market Trading Hours Summary **Headlines**- (BR) Brazil Mid-Aug IBGE Inflation IPCA-15 M/M: 0.5% v 0.5%e; Y/Y: 9.0% v 9.0%er- (BE) Belgium Aug Business Confidence: -3.1 v +0.8e- July existing homes sales not as robust as new - DOE Crude: +2.5M v -0.2Me; Gasoline: +0.04M v -1.4Me; Distillate: +0.1M v +0.4Me- US Dollar firms and commodities slip ahead of big Fed meeting Friday- Treasury 5-year auction sees good demand, stops through WI- (ZA) South Africa Fin Min Gordhan: allegations are false and distressing; says he is innocent of any charges and will not report to police- US Democratic Presidential candidate Hillary Clinton calls EpiPen price hike 'outrageous', calls for Mylan to immediately cut price - press**European post close highlights**- (FR) FRANCE JULY NET CHANGE IN JOBSEEKERS: -19.1K V -20.5KE; TOTAL JOBSEEKERS: 3.507M V 3.505ME_Summary:_US Indices have spent the entire session in the red. Weakness in commodity-linked sectors like energy, mining and metals weighed on markets early. A host of commodity futures traded lower on the session led by oil and gold, and that coincided with a firmer US dollar which had some speculating that traders may be positioning ahead of the upcoming Fed meeting and potentially hawkish comments from Chair Yellen on Friday. Oil prices also slumped after weekly DOE crude inventories rose. The equity selling spread during the afternoon to healthcare and a swath of biotech stocks specifically after Presidential candidate Clinton once again commented on the debate in Washington surrounding rising drug prices. Though her comments were specific to Mylan and the recent furor over the EpiPen, a host of names declined, sending the IBB down 2%.**Equities:**- Dow Jones -0.2%- S&P500 -0.4%- Nasdaq -0.6% **Treasuries:**- US 2-yr: flat at 0.76%- 10-yr: flat at 1.55%- 30-yr: flat at 2.24%- 2-10 spread: flat at 0.79% **Commodities**: - Oct crude oil $46.75, -2.8%- Dec Gold $1,327/oz, -1.4%- Sept Silver $18.51/oz, -2.2%- Sept Copper $2.079/oz, -1.7% Related ( UPDTE ) - Source TradeTheNews.com

Thank You Traders and Talk Soon........William