Trading Room: Asian Session

[William Gilday]

Welcome Traders To Asia May 24th, 2016

Hello traders good to be with you as we are seeing a pretty slow market as the data releases are really not moving price action. Data for today is light. In Asia today all we have is RBA Gov. Stevens speaks. The London session has two high impact releases and the U.S. has none.


OK let us take a look at what happened yesterday as the markets closed.

(US) Market Close Summary **Headlines**- Chip names benefit from iPhone 7 hopes- (US) Fed's Williams (moderate, non-voter): Expect about 2-3 rate hikes in 2016, about 3-4 increases in 2017- (US) May preliminary MARKIT manufacturing PMI misses expectations**European post close highlights**- DBK.DE: US SEC said to be looking into some suspicious Deutsche Bank mortgage positions from 2013 - press_Summary:_US stock trading got off to an extremely dull start to the week. US indices traded in a tight range while hugging the unchanged mark for much of the session before slipping towards the lows into the close. Fed officials continued to jawbone the market to be prepared for more rate hikes, perhaps as early as next month. Bond prices were little changed, but short rates did edge higher once again.**Markets**- Dow Jones -0.1%- S&P500 -0.2%- Nasdaq -0.1% - US 2-yr: +1bps at 0.90%- 10-yr: -1bps at 1.84%- 30-yr: -1bps at 2.63%- 2-10 spread: flat at 0.94% **Commodities**: - July crude oil $48.09, -0.7%- June Gold $1,249/oz, -0.3%- May Silver $16.41/oz, -0.7%- May Copper $2.056/oz, flat**Notable afterhours (17:20):** - Source TradeTheNews.com

Traders as you can seee the summary also shows a slow day yesterday.

Traders I would like to thank for joining me today and we will talk soon........William

 

[William Gilday]

Welcome To Asia May 25th, 2016

Hello traders as we look at yesterday we can see that the dollar continues to build strength. So we have a very light data today in Asia so let us look at what happened yesterday after the close of the day.

(US) Market Close Summary **Headlines**- Risk assets rally from the get-go, interest rates move higher- April new home sales surge to level not seen since 2008- May Richmond Fed falls to 3-month lows- Homebuilders surge on Toll report and April data- Monsanto to reject Bayer AG $122/shr offer- Best Buy shares slide on weak guidance- Recent concession induces strong demand for US 2-year note auction- Toyota to explore rideshare collaboration with Uber; VW makes $300M investment in ride-hailing service Gett- HPE to merge its enterprise services business with CSC**European post close highlights**- (GR) Eurogroup said to have reached agreement on €10.3B disbursement - press- (CN) G7 said to delay its decision on whether to consider China as a market economy - Nikkei_Summary:_US indices charged out of the gate, as European bourses climbed. April new home sales figures reached an 8-year high after the NYC open, and the buying momentum picked up steam. Banks and homebuilding stocks were the leaders, along with the NASDAQ which crossed back above its 200-day moving average for the first time this month. All major S&P sectors rallied. Treasury prices came under modest pressure with the 2-year yield touching 2-month highs ahead of a $26B auction. Those higher yields drew in demand for the sale, but long rates continued to drift higher following the auction. Oil prices rallied and gold declined. The US Dollar index added to gains, tacking on another 0.4% to a level not seen since early April.After the close, Hewlett Packard Enterprise announced it would spin off its enterprise services division and merge the unit with CSC. The remaining standalone HPE will focus on end-to-end infrastructure for enterprise and mobility solutions. Along with the spinoff, HPE reported earnings largely in line with estimates and announced a $3B share buyback.**Markets**- Dow Jones +1.2% - Source TradeTheNews.com

Traders thank you and we will talk soon....William

 

[William Gilday]

Welcome Traders To Asia On May 26th, 2016

Hello traders good to be back with you at the start of the Asia session. Traders we have data in Asia however the data is all low impact and will not effect the charts and price action. The data is from the AUD and CNY. The London session we have a good amount of data from the GBP. The U.S. session we have a lot of data today and should be a very active session. This is good to see we have data and we can get some price action.

I looked at the charts and most of them were flat yesterday as I was surprised to see the NZDUSD move some nice pips in the trend with the dollar strength.

OK traders let us take a look at how the markets closed yesterday:

(US) Market Close Summary **Headlines**- Global stocks rally extends- Brexit polls continue to lean slightly towards a Remain outcome- US April advance trade deficit narrows, pushing GDP forecasts higher- May Markit services PMI declines- EIA data yields surprise build in gasoline inventories ahead of Memorial Day holiday- Buyers line up for US 5-year note sale- Alibaba sinks on accounting concerns**European post close highlights**- France April jobseekers data unexpectedly falls- Preliminary meetings ahead of the June 2nd semiannual OPEC meeting have reportedly not included any discussion on limiting oil output - press- SAB.UK: South African Reserve Bank (SARB) grants exchange control approval to AB InBev-SABMiller merger_Summary:_Similar to yesterday's action, US traders took their cue from overseas markets and bought up stocks aggressively from the opening bell. Banks outperformed noticeably once again, with several bellwethers breaking out on the charts. Crude prices appeared poised to test the $50 mark. Weekly inventory data continues to show drawdowns in crude inventories, but a surprise build in gasoline stockpiles briefly curtailed demand before buyers stepped back in towards the end of the floor trading session. A total of ~$19 billion of fresh, high-grade corporate, supranational and sovereign bonds came to market today alone, contributing to a tally of $40B of new issuance just this week.After the close, Lions Gate handily beat on top and bottom line estimates, noting a record year in its TV division. HP Inc. missed on revenues and narrowed lower its full year guidance, disclosing its printing revenue declined 16% y/y. **Markets**- Dow Jones +0.8%- S&P500 +0.7%- Nasdaq +0.7% - Source TradeTheNews.com


The markets closed high and crude oil continues to fight to get to the 50.00$ P/B level.The other note is that Canada did leave there interest rates unchanged.

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

 

[William Gilday]

Welcome Traders To Friday In Asia May27th, 2016

Hello traders nice to be back with you on this Friday in the Asia session. The data releases are only one high impact in N.Y. session with GDP Y/Y. Traders remember that Monday is a holiday for the U.S. session and will be closed, So today I am looking at a slow trading day. I think the big issue is that Oil has topped the 50.00$ P/B and then receded and closed just below the 50 mark.

OK traders let us look at what happened after the markets closed yesterday:

(US) Market Close Summary **Headlines**- Durable goods data improves, but business spending remains key question- (US) Fed's Powell (moderate, FOMC voter): interest rate hike may be appropriate fairly soon if upcoming data meet expectations; US economy appears on track to achieve the Fed's dual mandate- Crude prices reach $50 for first time since November- May corporate bond issuance reaches all time high- IPO market sees revival - 7-year sale wraps up solid week for US Treasury sales**European post close highlights**- VOW3.DE: Reportedly mulling building own battery factory - press- CGM.FR: Reports Q1 EBITDA €11.1M v €14.7M y/y, Rev €106.2M v €100.5M y/y- (SA) Saudi Arabia Central Bank's Alkholifey: no plans to change riyal exchange policy; have the ability to maintain and protect the peg - TV interview_Summary:_US equity markets appeared to spend the session digesting recent gains. Indices did not tread far from the unchanged mark, while Treasury prices firmed. The US economic data and Federal Reserve speak did little to change the recent narrative, while participants eagerly await potential comments from Chair Yellen tomorrow. Crude oil prices finally surpassed the $50 mark before backing off late in the session, which did provide a boost to some of the commodity currencies.**Markets**- Dow Jones -0.1%- S&P500 -0.0%- Nasdaq +0.1% - US 2-yr: -4bps at 0.88%- 10-yr: -5bps at 1.82%- 30-yr: -4bps at 2.63% - Source TradeTheNews.com

Traders thank you for being with me and we will talk soon....William

 

[William Gilday]

Welcome Traders To Asia Monday May 30th, 2016

Traders good to be back with you as we start the week of with two big countries on holiday United Kingdom has May Bank Holiday and the United states has Memorial Day. Traders this tells us go back to sleep or go play golf. This is not the day to be trading in the live markets.

Traders there is no high impact news events today we do have other minor events please watch your economic calendar for the release time. Traders if you have to be in front of your charts trade a DEMO account.

OK let us take a look at last week and how the markets closed.

TradeTheNews.com Weekly Market Update: Risk Assets Test Key Levels as Global Risks Wane The S&P500 notched its second consecutive week of gains neared the key 2100 area, where broader equity rallies have stalled again and again over the last 15 months. Most global equity markets in Europe and Asia also saw modest gains. While equities ground higher, crude prices briefly tested above $50 for the first time since last fall. May corporate bond issuance continued on at a historic pace while US Treasury supply found buyers eager to take advantage the recent declines in prices. The Fed campaign to redirect the markets' interest rate policy expectations was capped by remarks from Chair Yellen on Friday. The G7 produced another tepid statement and plenty of hot rumors of conflict between the US and Japan on clashing visions of how to cope with the global economic slowdown. The Europeans reached yet another deal to keep Greece afloat on borrowed money, while in the UK polling numbers suggested the "remain" camp was gaining ground with only a month to go to the referendum. With some of those global risks starting to fade, equities rebounded and for the week the DJIA gained 2.1%, the S&P500 added 2.3%, and the Nasdaq rose 3.4%.The barrage of Fed speak that drove last week's repricing of interest rate expectations hardly let up this week. On Sunday, the Boston Fed's Rosengren (a voter) said that most of the conditions for more rate hikes that were laid out in the FOMC minutes seem to be on the verge of broadly being met. On Monday, the San Francisco Fed's Williams said it would be a good idea to raise rates with inflation below target, due to the lag in policy impact, and warned that the Fed sets policy based on the direction inflation is headed, not where it is now. Philly Fed President Harker said rates need to keep rising as inflation picks up. The ever-chatty hawk Bullard said a rate hike in June or July was not set in stone. Powell said the economy is on track to meet the Fed's employment and inflation mandates, with tentative signs that wages are firming. Chair Yellen capped things off on Friday, saying that she expects data to keep improving and if that bears out it will be appropriate to raise rates in coming months.The second reading of US Q1 GDP was revised a bit higher, to +0.8% from +0.5% in the advance reading. Consumer spending was unchanged at +1.9% in the first quarter. New home construction surged to +17.1% from +14.8% in the advance estimate, the biggest gain in nearly four years. The April new home sales data confirmed that housing market strength has been sustained at the beginning of Q2. The annualized rate of new home sales surged in April, rising to 619K units, up nearly 17% y/y, way ahead of expectations. That's the highest annualized rate of new home sales since January 2008. With supply tight, the median price for a new home increased 9.7% y/y to a record $321,100. US manufacturing data remained poor: the May preliminary Markit factory PMI index sank to its lowest level since late 2009, and the negative reading in the May Richmond Fed manufacturing index echoed a similar result in the May Empire manufacturing survey out last week. Both saw new orders crater, moving from fairly decent growth in April to big declines in May. The April core capital goods orders component of the durable goods report fell 0.8%, the fifth month of declines in the last six months.For years, the biannual G7 meetings have produced tepid headlines and dull communiques, in which global leaders agree to continue agreeing on broad, vague goals. The most recent edition of the G7 in Tokyo was a different story, as the leaders of the developed world clashed over the right policies to support flagging global growth and forestall all-out FX war. T - Source TradeTheNews.com

Traders enjoy your extra day off and we will talk soon.....William

 

[William Gilday]

Welcome to Asia May 31st, 2016

Hello traders good to be back with you as we have very little data today we have EUR CPI and in the U.S session we have CAD GDP today.

I have to say very weak on this NFP week as those numbers come out on Friday in the U.S. session

Traders not a lot to talk about as today we will have a full market.

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

 

[William Gilday]

Welcomes Traders To Asia June 1st, 2016

Traders good to be back with you today the first day of the month on the NFP week. Traders we have a busy day in the Asia session as we have Aussie , CNY and Jpy data to be released. Well the top of the list is Brexit polls as we get closer to the vote this month and the markets are reacting to them. We have OPEC meeting this week as Oil continues to be volatile and I expect this to remain for the rest of the day. Traders we are in for a good trading day as we have data all day that will give us price action, and we need that.

OK traders let us take a look at what happened as the markets closed yesterday.

(US) Market Close Summary **Headlines**- May personal income/spending and PCE figures firm up- Dallas and Chicago manufacturing data are soft- Canada GDP misses estimates - Latest Brexit polls favors "Leave" camp- (SA) Saudi Arabia said to consider $15B bond sale - press- Carl Icahn discloses he acquired large stake in Allergan- Bayer said to raise Monsanto offer to $135/shr- (AE) UAE Oil Min Mazroui: optimistic about OPEC meeting this week, happy with current oil market - comments in Vienna- Under Armour cuts full-year guidance on impairment charges related to Sports Authority liquidation**European post close highlights**- PST.IT: Italy govt confirms sale of 30% remaining stake in Poste Italiane - press- US State Dept issues a 'travel alert' notice for Europe, citing risk of terrorist attacks during summer events in Europe _Summary:_US indices began the month's final session higher, but sentiment turned on weaker manufacturing data and the latest Brexit poll. Oil prices rolled over in mid-afternoon trade after the UAE Oil Minister said he was happy with the oil market, kicking off what is sure to be a deluge of comments coming out of Vienna leading up to Thursday's OPEC meeting. The Nasdaq pared its losses to finish up on the day, but both the S&P and Dow ended in negative territory.**Markets**- Dow Jones -0.5%- S&P500 -0.1%- Nasdaq +0.3% - US 2-yr: flat at 0.88%- 10-yr: -2bps at 1.83%- 30-yr: -2bps at 2.63%- 2-10 spread: -2bps at 0.96% - Source TradeTheNews.com


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

 

[William Gilday]

Aussie Data Release Update

Hello Traders this is the numbers of the data just released as they were good. The AUDUSD has moved 40 pips to the upside.

*(AU) AUSTRALIA Q1 GDP Q/Q: 1.1% V 0.8%E; Y/Y: 3.1% V 2.8%E GDP Contributions q/q: - Final Consumption: +0.7% v +0.7% prior- Capital Formation: -1.7% v -0.6% prior- Terms of Trade: -1.9% v -3.2% prior- Disposable Income: +0.2% v -0.1% priorPrior q/q revised higher from 0.6% to 0.7%Prior y/y revised lower from 3.0% to 2.9% Related ( AUD/USD AUD/JPY AUD/NZD EWA NZD/AUD ) - Source TradeTheNews.com

Thank You traders and talk soon.....William

 

[William Gilday]

Hello Traders Welcome To Asia June 2nd, 2016

Hello traders good to be back with you as today we are filled with data throughout the trading session today. In Asia we have the Aussie with retail sales and we will keep an eye on that when it is released.

OK let us take a look at what happened yesterday when the markets closed.

(US) Market Close Summary **Headlines**- Brexit fears continue to weigh on Pound and European sentiment- US May ISM manufacturing reading pleasantly surprises- Weak Apr construction spending data prompts downgrades to Q2 GDP models - (NZ) Fonterra Global Dairy Trade Auction: Dairy Trade price index: +3.4% v +2.6% prior- Mexico May PMI Manufacturing: 53.6 v 52.4 prior- Oil prices firm on hopes of OPEC ceiling agreement at tomorrow's meeting; Iran Oil Min remains unconvinced about a ceiling- US May auto sales slide stirring peak auto sales concerns for industry- Fed's Beige Book points to tightening labor markets and modest wage growth**European post close highlights**- SAB.UK: Reportedly AB InBev-SABMiller merger nearing DOJ antitrust approval - press- NEO.FR: Reports Q1 Rev €273M v €286M y/y_Summary:_US stock markets began the session and month under modest pressure. Mixed PMI readings from overseas and continued concerns surrounding the upcoming UK referendum weighed on sentiment early. US Treasury prices firmed, and the curve flattened as rates slipped lower. Risk appetite improved, though, following the release of a surprisingly strong US May ISM manufacturing reading. The move up in equities coincided with a snapback in global oil prices from overnight lows. Press speculation out of Vienna suggested OPEC members are at least discussing some kind of agreement to support higher oil prices, though any announcement at tomorrow's meeting is still in question, and late in the day, Iran's Oil Min declared he didn't see any benefits to a ceiling for his country. The greenback lost ground over the day's session, led by declines against the Yen after Abe confirmed a 2.5-year deal to raise the sales tax. US stocks finished near session highs, with the small caps and the Russell 2000 outperforming throughout the day.**Markets**- Dow Jones +0.0%- S&P500 +0.1%- Nasdaq +0.1% - Source TradeTheNews.com

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

 

[William Gilday]

Aussie Data Released Retail Sales June 2nd, 2016

*(AU) AUSTRALIA APR RETAIL SALES M/M: 0.2% V 0.3%E - no revisions.The following industries rose in trend terms in April 2016: Clothing, footwear and personal accessory retailing (0.8%), Cafes, restaurants and takeaway food services (0.3%), Household goods retailing (0.2%) and Other retailing (0.2%). Food retailing (0.0%) was relatively unchanged. Department stores (-0.1%) fell in trend terms in April 2016. Related ( AUD/USD EWA ) - Source TradeTheNews.com


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