Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Wednesday, February 6, 2013

U.S. Stock Index Futures Indicate Strengthening of Wall Street

U.S. Stock Index Futures Indicate Strengthening of Wall Street. U.S. stock index futures indicated the opening of the session in a positive Wall Street on Wednesday, where the DJIA futures have climbed 0.11% approaching the psychological level of 14.000. In terms of corporate earnings reports Visa and Mastercard earnings is expected to show a rise to $ 1.79 per share, in Q1 rose compared to the same period in the prior year $ 1.49 per share. Observed so far following index DJIA futures up 0.11% at the level of 13.925, while the S & P500 rose 0.07% futs to a level of 1,506.75 and Nasdaq futures fell -0.05% thinly traded at 2,748.00 so far.

Some Important News The New York Ahead of Opening Session
  1. Market Tone: Different currencies such as the EURUSD and USDJPY is still moving in a fairly narrow range, while the Aussie touch lows due to its new annual retail sales data for Australia were disappointing. Changing expectations of the Australian economy will likely still be a major catalyst to push the pairing AUDUSD 1.0250 support level in the near future. While various regional stock moves mixed propped by the positive outlook the world's largest steel producer ArcelorMittal.
  2. German Economy: The lack of economic data released in the U.S., causing movement influenced the report of the Euro zone after German Factory Orders index rose only 0.8%, as expected -1.8% compared to the previous month. Although export orders rose 2.4% but domestic demand plunged -1.2%, indicating that the level of demand in Germany is still quite fragile.
  3. News Corp: the investor focus will be on News Corp's earnings are expected to rise over the previous year, but attention will be focused on the outlook for the media giant. The shareholder will seek guidance from the boss Rupert Murdoch on News Corp. split plan that would separate business units and entertainment publications. So far CFD News Corp shares rose 45% since last year.
  4. Time Warner: Further attention will be focused on other media giants, the Time Warner expected to show increased profits despite a lot of the costs incurred for the restructuring of CNN and Time Inc. layoffs. Time Warner stock has risen 30% over the previous year.
  5. Green Mountain Coffee: The investors will also await earnings reports that Green Mountain Coffee is one of the speculated CFD stocks by fund manager David Einhorn famous since 2012. Green Mountain is expected to increase earnings and investors want to know how the new CEO Lawrence Blanford comment on the sale during the holiday season some time ago. Green Mountain has skyrocketed 115% in the last 6 months, so Einhorn admits losses in large quantities due to its short position in the shares sell CFD.
Global Stocks Rally, Gold So Less Attractive

Gold fell on Wednesday, as the strengthening of the global stock market decline and increased risk appetite reduced the appeal of safe-haven gold. Observed so far Gold spot price fell -0.16% at $ 1,669.96, after briefly rose to its highest level at $ 1,675.00 daily and intraday lows at $ 1,668.61 per troy ounce. The improvement in global risk sentiment and rally in the stock market recently cast doubt on whether gold investors are able to repeat the performance as in previous years. Japanese stock index soared to a 4-year highs today, due to the weakening Japanese yen against the various currencies rivals benefit a wide range of Japanese exporters. Meanwhile, European stocks also indicates the direction of strengthening U.S. stock indexes.

As a result the flow of capital flowing into gold plunged and gold prices led to the consolidation phase in a relatively narrow trading range in the short term before fundamentally new instructions from the monetary policy meeting of the ECB and BoE on Thursday tomorrow.

European Stocks Rebound Limited


European stocks rebound on Wednesday attempted, the continued strengthening of the previous day as investor confidence improved after the company reported earnings outlook for the world's largest steel producer ArcelorMittal. ArcelorMittal Increase of 2.3%, after falling 10% earlier triggered by the projected increase in demand and the pace of the company's earnings during 2013. However political anxiety in Spain and Italy are still weighing on sentiment of market participants. Observed so far London's FTSE index rose 0.42% in the level of 6,264.50 while Germany's DAX down -0.20%, at 7,650.0 and the French CAC fell -0.50% 3,675.5 trade at level so far.

German Manufacturing Orders Up

Letup European debt problems seem to successfully increase the activity of the German industrial sector in late 2012. It can be seen from our manufacturers which rose 0.8% for the month of December; according to predictions, but better than the previous publications which fell 1.8%. Euro seen trying to muffle weakening further after the data was released. EUR / USD is now trading 1.35309, try to stay away from the daily low of 1.35120. Borrowing costs of government bonds in the euro-zone problems have eased in recent months and it certainly can reduce the cost of capital for businesses. Although the euro-zone economy will remain weak in the first half of 2013, but the ECB is optimistic that economic activity will improve in the second half later.

Aussie 'frustrations Post Retail-sales

Australian dollar is often called Aussie today (Wednesday, 6/2) increasingly slumped to the lowest level this year after retail sales data (retail sales) fell unexpected in its third month, so it adds to the outlook for banks Central to cut interest rates next month. Australia retail sales figures fell back 0.2% in December from the previous month were also dropped 0.2%, while analysts expected a figure predicted to rise by +0.3%.

Until the middle of this week, the Aussie continues to decline against all major world currencies after the central bank yesterday (5/2) to maintain a fixed rate in the low range of the last half century and said propsec inflation will likely be able to support further easing. Aussie afternoon still seems stuck in low range 1.0304, not far from today's low levels at 1.0294 and will likely continue to weaken until at least the 1.0270 support level. The figure appears to increasingly Aussie range well below yesterday's closing level session close at 1.0390 area, and that day had rallied to its highest level in 1.0457.

Aussie Annual sales drop to Lowest Level

Australia retail sales report that fell below expectations in December adding negative pressure on AUDUSD pairing so that it touches the monthly lows as investors throw new currency in Asia since the London session. Reported retail sales fell -0.2% below the estimate of 0.5% so surprised investors as the drop in consumption to its lowest level in 2.5 years. Levels of spending in the retail sector such as pharmaceutical products and books fell -2.8% while the reported reduced consumer spending in cafes and restaurants by 1.1%. Level of spending only up to the need of clothing and footwear by 2.1%, while the rate of spending at department stores climbed 0.8%.

The weakening retail sales data for 3 consecutive months indicating the Australian economy is slowing due to booming mining sector began to lose momentum. The data also confirm today that more dovish RBA statement and strengthen signaled future interest-rate cuts. Observed so far pairing AUDUSD fell -0.77% at 1.0308, falling below 1.0350 key support level next still targets at 1.0250 bearish expectations due to changes in the direction of the Australian economy.

Saturday, January 12, 2013

U.S. Budget Deficit In December Amounting to $ 260 Million

U.S. Budget Deficit In December Amounting to $ 260 Million. The U.S. government had a budget deficit of $ 260 million in December, the Treasury Department reported on Friday, this is the best outcome for the last month in the last five years. The small difference in the monthly budget, including rare but this incident has never happened before: the U.S. government in the last two months of the current fiscal year experienced foreign trade surplus which amounted to $ 1.09 trillion. For the fiscal year to date, the deficit amounted to $ 292 million, down 9% compared to the first 3-months of the previous fiscal year.

Wall Street Ends Flat, Investors Wait for Earnings Results

U.S. stocks ended almost no change on Friday as investors took a step back from buying ahead of earnings reports next week. Overall earnings are expected to grow about 1.9 percent this season, according to Thomson Reuters data. Analysts said that with the least hindrance, there is room for the company to beat expectations, and that may have contributed to the rise in the stock market so far in 2013. "The market is waiting for a catalyst more than earnings," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

Fed's Plosser Try Recover Dollar

Try reducing the dollar weakened after the Fed's Plosser express disapproval over bond-purchase program run by the Federal Reserve. Plosser also express the desire for the Fed to tighten monetary policy sooner than it should for fear of the threat of inflation. The dollar index is now trading 79 570, try away from daily lows 79,440 "I'm not one of the supporters of bond buying program. Program does not have a significant impact on improving the condition of the U.S. workforce. I want to stop the Fed's bond-buying program," said President of the Federal Reserve of Philadelphia. "Loose monetary policy adopted Fed could hurt the economic recovery. Easing only complicates the process of deleveraging and can not eliminate the uncertainty of the business world."

Wednesday, January 9, 2013

Euro Pressured Ahead of ECB Meeting

Euro Pressured Ahead of ECB Meeting. The weakening euro continues to the second straight session against the U.S. currency that the dollar ahead of the ECB policy meeting on Thursday. Although analysts predict the ECB will keep interest rates unchanged, some investors and economists are still unsure if the rate cut is still possible this year. Market participants are also wary of the press conference after the ECB President Mario Draghi policy announcement, which could potentially affect sentiment Euro.

Wall Street Jumps, Market Optimistic On Earnings Results

U.S. stocks rose moderately in all indices on Wednesday, lifted by shares of the industrial sector, after Alcoa, which is one component of the Dow start the fourth quarter earnings season on a positive note. "After a pretty good start to 2013, we should see how the results The fourth quarter earnings season, the market is currently in a state of wait and see, at least until next week, "said Art Hogan." And the instructions of the company will probably still conservative in fiscal cliff face. "

BoJ easing expectations (Back) Haunting Yen

U.S. dollar to snap a two-day losing streak and turned to its highest level versus the 2 ½-year return as the Yen rising expectations of monetary policy easing Japan. Thus forcing some investors to sell the Japanese currency. Prime Minister Shinzo Abe on Wednesday reiterated its call to the Bank of Japan to raise the inflation target to 2%, while Finance Minister Taro Aso urged the central bank to act more aggressively to fight deflation.

Prevent Data Rate Aussie Retail Sales

Reduce the rate of appreciation of the Australian dollar after a government data showed a surprise decline. Report of the Bureau of Statistics show Australia retail sales declined 0.1% in November, which confront the expectations of a rise of 0.3% from economists. The rate Aussie also continue overshadowed speculation that the Reserve Bank of Australia will cut interest rates next March to boost the economy.

Oil Weakens After U.S. Oil Stocks Soaring


Oil slipped after a government report showed that stockpiles of crude and fuel oil the United States jumped last week as production rose nearly to its highest level in nearly 20 years. Oil fell after the Energy Department said crude stockpiles rose 1.31 million barrels to 361.3 million barrels, oil production reached its highest level since 1996. Yesterday the U.S. Department indicate that will pump as much as 7.92 million barrels per day in year of 2014. "There is showing significant growing in supply in the market," said Adan Wise, an analyst at MAM in Boston. "Domestic production have some indicated to continues to grow. DOE said yesterday that they expect production to rise 23% in two years, which would bring the production level as in 1980. "

Gold Ends Low On Stronger Dollar

Gold futures ended lower on Wednesday, weakened again after a substantial gain in the previous session, as the stronger dollar and rising U.S. equities that have lured investors to stay away from the precious metal. Overall, "with respect to gold so far, the buying of investors because they believe the rhetoric in the media about the prospect of (quantitative easing from the Federal Reserve) that will end faster is not credible," said James West, Midas Letter Opportunity economist Fund. So investors continue buying "as a protected asset of the U.S. dollar due to the impairment of quantitative release."

Thursday, December 20, 2012

Plan B Delay Congress, Wall Street sales drop - Trading Forex Fundamental of Today

Plan B Delay Congress, Wall Street sales drop. U.S. stock index moving down sharply following the news that the Republican party has to cancel or postpone the vote to avoid an increase in taxes on those with incomes of $ 1 million or less (per year). About 30 minutes after the congress spokesman, John Boehnar said that he postpone or cancel the voting cause lack of such support, the Dow Jones Industrial Average fell 1.5%, the S & P 500 fell 1.4% and the Nasdaq fell 1.3%.

Cancellation or delay reduction signaled support for the Republican party, reducing the fiscal cliff optimism handling solutions which are expected to begin next year. The news also hit Asian stock markets today, with Hong Kong's stock market fell and the Japanese stock market, the Nikkei, which is down from the previous high.

Follow the trail Hang Seng U.S. stocks fall

Hong Kong Stock Exchange, Hang Seng, move down on Friday, amid concerns about the problem of handling fiscal cliff after Republicans say cancel or postpone a vote or voting in order to avoid the application of the imposition of a tax increase on the citizens who earn $ 1 million or less.

The Hang Seng Index fell 0.7% to 22,504.92 and the Hang Seng China slumped 0.9% to 11,250.63. The Shanghai Composite Index fell 0.1%, handing the previous gain. Shares of Industrial & Commercial Bank of China and PetroChina Co. shares fell as much as respectively 1.1%, with shares of Want Want China Ltd which fell by 2%.

Japanese Finance Minister Question BOJ Inflation Target

Japan's economy minister said today that the statement of the Bank of Japan (BOJ) on Thursday (20/12) as 'shocking'. After the last meeting, the BOJ plans to review its policy in the short-term inflation target at the level of 1% on the regular meeting. "I highly doubt the BOJ's commitment in achieving the inflation target of 1%," said Seiji Maehara some time ago. Maehara had earlier attended the BOJ policy meeting and view the majority of the executive members did not agree with the proposal, and the new board members Takahide Kiuchi and Takehiro Sato. Both want to keep the BOJ take concrete steps to achieve the inflation target of 1%.

"I was even surprised to hear BOJ called consumer inflation range of 0 to 2%, whereas other members of the board of governors did not want change," added Maehara. At the end of a two-day board meeting yesterday, the BOJ agreed to increase the portion of the asset purchases as the main medium of monetary easing in the rate of climate near zero level. Authorities also promised to review the current inflation target, which is part of the will of Prime Minister Shinzo Abe during the last parliamentary campaign. Currently the exchange rate of USD / JPY monitored at the level of 83.93.

Wednesday, December 19, 2012

Budget Impasse Negotiations Back Burden Wall St - Forex Today Fundamental Analysis

Budget Impasse Negotiations Back Burden Wall St.  Most of the stocks on Wall Street have turned lower on Wednesday as trading the U.S. budget impasse in negotiations. The failure of politicians to produce a new compromise risk provoking a fiscal gap, which could sink the U.S. economy back into recession next year. The Dow Jones Industrial Average turned down more than 20 points, after successfully recorded 3-digit rally in the previous session, with the largest decrease shown Alcoa shares. Similar movement was also seen in the S & P 500 and Nasdaq Composite, each of which had lost 0.3% and 0.2%.

The White House again rejected a proposal by the Chairman of the U.S. House of Representatives, John Boehner, who requires an extension of Bush era tax cuts programs for individuals earning up to $ 1 million. President Obama has even said he would veto the Act would, if enacted. From the fundamental side, the construction of new homes in the U.S. fell by 3% to 861,000 units in November as the impact of the blow of

Hurricane Sandy at the end of October. Meanwhile, building permits, which reflect demand in the future, recorded an increase of 3.6% to 899,000 units. While some recent earnings report released better than expected. Manufacturer of computer hardware, Oracle, posted a profit above expectations. That drives at least 7 brokerage raised its price target for shares of Oracle. FedEx also successfully confront analysts' forecasts after announcing earnings decline was not as bad as expected.

German data Topang Euro Optimism

The euro managed to touch the 8 ½-month peak versus the U.S. Dollar after the release of German business confidence data that exceeds expectations and rising optimism over Greek debt settlement. Ifo data showed German business sentiment rose for the second month in a row in December, supporting the expectation of recovery in Europe's largest economy after a little depressed in recent months. Speculators continued to trim short positions in the euro easing concerns over the region's debt crisis.

"Fundamental factors have pushed euro traded higher throughout the market," said Vassili Serebriakov, currency analyst at BNP Paribas in New York. "We can see the solid data from Germany, while the resolution of the Greek problem also seems to run smoothly." Most analysts believe if the Euro will be able to extend its dominance of the U.S. dollar year-end as rising demand from companies and long-term investors.

Tuesday, October 30, 2012

Wall Street Back Opened Today - Fundamental Forex News of Today

Wall Street Back Opened Today. U.S. stocks are expected to be re-opened today (31/10) after a two-day closed for security reasons after the storm Sandy. The worst storm in recorded U.S. history in nearly 75 years. NYSE Euronext (NYX.N) said the New York Stock Exchange will resume operation as normal despite the possibility of trade will be diverted to electronic commerce if needed. Nasdaq OMX's Nasdaq Stock Market will also be in operation today as well as BATS and Direct Edge Exchanges. "We've got the green light," according to NYSE Euronext chief operating officer Larry Leibowitz.

The entire floor of the U.S. carriers have been taking part in trials conducted yesterday (30/10) using the backup system NYSE. The test is done using a backup system due to interference caused by the storm. At least 30 people were killed and thousands of others fled to avoid the storm that hit the east coast of America yesterday. The storm made the most activity discontinued business in Manhattan and caused massive flooding in the subway network is expected to be closed for several days.

Scheduled U.S. stock exchanges remain open on Monday (29/10) but the multitude of pressures from companies worried about the safety of its employees makes the stock finally closed. This is the first time in 27 years the stock market was closed due to bad weather. Banks, brokers and other parties had been negotiating the possibility yesterday to continue trading. Losses caused by the storm is expected to reach tens of millions of dollars of lost income and bank stock, explains the analyst. After a two-day shut down in the middle of the corporate earnings season and the end of the financial year, the trade seems to be running volatile.

"At least this condition would occur in early trade due to excessive market reaction. Market trading volume is expected to surge at least in the first hour," said Art Hogan, managing director of Lazard Capital Markets in New York. NYSE, which handles about a quarter of the volume of the U.S. stock market transactions, has been testing electronic trading through the platform, obviously Leibowitz. Under normal conditions, the NYSE handles about half of the volume of transactions Wall Street trading floor, in which traders and specialists buy and sell shares directly.

Many companies, including 25 members of the NYSE's top companies, who make up more than 90% of the volume of transactions in the stock market took part in the trial, obviously Leibowitz. "Today is not expected to encounter many obstacles and is expected to market in good shape," he said. On Sunday (28/10) issued a statement NYSE trading floor will close and divert trade on electronic markets. It is ultimately undone after the onset of pressure from traders and other interested parties are concerned about the safety of employees during a storm. Testing of electronic transactions was done on March 31, but was never used again.

A trial was made early morning where the Nasdaq and BATS, which is the No. equities exchanges. 3 in the U.S. has been testing himself. There are a few issues while testing done, mostly related to the difficulty of the staff entered Manhattan due to flooding and transportation problems but all problems can be fixed by late morning, said Chris Isaacson, COO of BATS. "The majority of members could be reached today," he explained. The trials will also be possible to avoid the volatility of the transaction is not fair transaction in any securities, including the securities in the NYSE, he added. "Trading is expected to be back to normal," said Isaacson.

The bond market closed Tuesday. Financial industry trade group, said it has recommended SIFMA market will reopen today. September 2001 was the last time the stock exchange was closed. New York Stock Exchange and Nasdaq closed on Tuesday, September 11 following the terrorist attacks that destroyed the World Trade Center. Stock reopened six days later on Monday, September 17th. "Never before markets closed for three days due to bad weather and a superb condition for the market," said Mike Shea, of Direct Access Partners LLC in New York. "This is very different from an emergency while the September 11 attacks occurred."

Kenneth Polcari, a trader who has long been in the NYSE, said he was still waiting when the stock market will back to normal and can do transaction buy and sell directly on the trading floor. Leibowitz said it intends to close trading on the NYSE trading floor. "It depends on individual judgment. By using existing technology does not mean it is the best."