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Friday, March 29, 2024

Oct 1 – Fed’s Dudley: Will Make Sure QE Withdrawal Won’t Roil Markets

Courtesy of ZeroHedge. View original post here.

Submitted by Pivotfarm.

EMOTION MOVING MARKETS NOW: 24/100 EXTREME FEAR

PREVIOUS CLOSE: 12/100 EXTREME FEAR

ONE WEEK AGO: 31/100 FEAR

ONE MONTH AGO: 14/100 EXTREME FEAR

ONE YEAR AGO: 12/100 EXTREME FEAR 

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 14.57% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 24.50. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B) 

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL) 

CRUDE OIL (CL) | GOLD (GC) | 10 YR T NOTE | 2 YR T  NOTE | 5 YR T NOTE | 30 YR TREASURY BONDSOYBEANS | CORN

 

MEME OF THE DAY – BEIJING AFTER VOLKSWAGEN

 

UNUSUAL ACTIVITY

 Director purchase 127K @ 1.57

JOY Director purchase 12,200  A  $ 14.77  , 4,346  A  $ 14.8 , 2,854  A  $ 14.81  , 2,265  A  $ 14.82 , 2,435  A  $ 14.83

Z NOV 30 Puts @ 4.70 on the offer 1600 contracts

MU Jan 5 Put Activity @ 0.18 on the offer

BDSI NOV 6 Calls on the offer @ 0.80 1800+

More Unusual Activity…



HEADLINES

Senate passes bill that would keep government open

IMF’s Lagarde: Global growth likely weak this year

Fed’s Dudley: Will make sure QE withdrawal won’t roil markets

S&P sees ECB doubling QE

China Reports First Official FX Reserve Data to IMF

US DOE US Crude Inventory (WoW) Sep-25: 3955K

EIA: US Crude Oil Production Rose 94,000bpd In July

China’s gold reserves rise to 54.45m fine troy oz

US Corn, Soybean Prices Drop as Domestic Stockpiles Rise

Jack Dorsey to Be Named Permanent Twitter CEO

China Premier Li: Economy Remains In Reasonable Range

Russia launches air strikes in Syria

GOVERNMENTS/CENTRAL BANKS

Senate passes bill that would keep government open –~MW

IMF’s Lagarde: Global growth likely weak this year, modest acceleration in 2016 –CNBC

IMF cuts Australia growth projections for 2015 and 2016 to 2.4% and 2.9% respectively – IMF

Fed’s Dudley: Will make sure QE withdrawal won’t roil markets – ForexLive

Fed’s Dudley: Open to adjusting bond market rules to improve liquidity – CNBC

ECB’s Weidmann: EU should have clear rules for sovereign debt — ForexLive

ECB’s Hansson sees ‘moderate’ inflation in Eurozone – ForexLive

S&P sees ECB doubling QE – Rtrs

Brexit risk ‘not priced in’ Morgan Stanley warns – FT

BOJ announces October bond purchase programme – Forex Live

Japanese public pension fund likely saw July-September loss –Nikkei

Riksbank’s Skingsley: Riksbank Has No Target For The Krona – BBG

FIXED INCOME

Treasury Investors See Quarterly Gains as Risk-Off Wagers Reign – BBG

Southern European bond yields fall as election risks fade – Rtrs

BoE’s GBP1.41 Bln 7-15 Year Gilt Buy-Back Receives Offer/Cover Ratio Of 2.12 (Pre 2.36)

Glencore bonds still trade as junk despite bounce – FT

FX

USD: Dollar Strengthens Over Third Quarter – WSJ

USD: Dollar remains broadly higher – Investing.com

EUR: Euro lower as Eurozone falls back into deflation – Investing.com

GBP: Cable Steady at 5-Mth Low as Fed Leads Hike Race – WBP

JPY: Buck Dwells Around Break-Even – WBP

China Reports First Official FX Reserve Data to IMF – BBG

HKMA intervenes again to sell HK$ 12bln to maintain trading band –ForexLive

ENERGY/COMMODITIES

Brent oil up on Syria worry; U.S. crude down on supply build – Rtrs

Oil finishes the quarter with a 24% loss – MktWatch

Gold falls 1.5% on month, loses 4.8% on quarter – MktWatch

Copper Prices Surge on Supply Disruptions in Chile, Peru – WSJ

US DOE US Crude Inventory (WoW) Sep-25: 3955K (est. -250K, prev. -1925K)

US DOE US Distillate Inventory (WoW) Sep-25: -267K (est. -900K, prev. -2088K)

US DOE Cushing Inventory (WoW) Sep-25: -1068K (est. -350K, prev. -462K)

US DOE US Gasoline Inventory (WoW) Sep-25: 3254K (est. -750K, prev. 1369K)

EIA: US Crude Oil Production Rose 94,000bpd In July To 9.358mln bpd – FastFT

World Bank: Oil prices likely to stay volatile – FXstreet

China’s gold reserves rise to 54.45m fine troy oz vs 53.93m prev – ForexLive

Steel prices sink to 11.5-year lows – FT

Australian Govt: Iron ore price has bottomed –ForexLive

US Corn, Soybean Prices Drop as Domestic Stockpiles Rise – WSJ

EQUITIES

U.S. Stocks Advance, Shaving Worst Quarterly Rout in Four Years – BBG

Torrid quarter ends with broad rebound for European stocks – FT

FTSE 100 rebounds as Sainsbury’s lifts profit outlook – BBC

Carl Icahn says ‘joyride’ for stock market is over – MktWatch

AUTOS: Volkswagen may avoid environmental criminal charges – MktWatch

AUTOS: German prosecutors consider Audi probe – FT

M&A: Axel Springer purchases Thrillist Media Group stake – DL

M&A: Rio Tinto Agrees to Sell Coal Mine Stake for $606 Million –NYT

M&A: M&T Bank Gets Fed Nod to Buy Hudson City – WSJ

INDUSTRIALS: Airbus A320neo test aircraft suffers engine damage – MktWatch

TECH: Sources: Jack Dorsey to Be Named Permanent Twitter CEO – Re/Code

TECH: China’s Tsinghua to buy Western Digital stake in U.S. tech push – Rtrs

TECH: Synaptics Said to Shun $110-a-Share Bid From China Investor – BBG

EMERGING MARKETS

China Premier Li: Economy Remains In Reasonable Range – CCTV

China Premier Li: Main Econ. Targets Can Be Achieved – CCTV

Russia launches air strikes in Syria – FT

World Bank Downgrades Russia’s Economic Outlook – WSJ

RBI’s Rajan says India is ready for a Fed rate hike sooner rather than later – Forex Live

Fitch: Emerging Market Vulnerability Weighing on Global Growth Outlook

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