Archive for December, 2016
Wednesday, December 14th, 2016
Via Bloomberg:
Gold Beaten Down as Fed’s Rate-Hike Countdown Enters Final Hours
by
Ranjeetha Pakiam
December 13, 2016, 8:45 PM EST December 14, 2016, 1:00 AM EST
Fed seen boosting interest rates for the first time this year
Bullion is worst commodity performer after sugar this quarter
Gold traded near a 10-month low ...
Posted in Uncategorized | Comments Off on Au(ch)
Wednesday, December 14th, 2016
Via Bloomberg:
China Credit Expands Most Since March as New Lending Rebounds
Bloomberg News
December 14, 2016, 2:06 AM EST December 14, 2016, 2:44 AM EST
Aggregate financing rose to 1.74 trillion yuan in November
Credit supply remains robust even amid property market curbs
China’s broadest measure of new lending jumped the ...
Posted in Uncategorized | Comments Off on Credit Expands in China
Wednesday, December 14th, 2016
Via Kit Juckes at Socgen:
<http://www.sgmarkets.com/r/?id=h11f630f4,195441e1,195441e2&p1=136122&p2=580282107bcaca0c02594e984aa15be3>
I, like the FOMC, am doing everything in slow motion tbhis morning. This time next year, FOMC rate hike, take 3??
A year ago, markets expected the Fed Funds rate to be in a 0.75-1% range by now. By this evening, they are likely to have crawled ...
Posted in Uncategorized | Comments Off on Early FX
Tuesday, December 13th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Narrowly Mixed Dollar Conceals Resilience
China data suggest the economy is finding better traction
European economic data featured Italian IP, German CPI and ZEW, and UK prices
The news stream in North America will be subdued today, with only US import prices on ...
Posted in Uncategorized | Comments Off on More FX
Tuesday, December 13th, 2016
The WSJ details a purchase of 16,000 S and P minis last Wednesday (it wasnt me as I deal in one lots) which they speculate was a hedge of a derivative trade.
Via the WSJ:
By
Alexander Osipovich
Updated Dec. 12, 2016 10:16 p.m. ET
A $1.8 billion futures trade that fueled ...
Posted in Uncategorized | Comments Off on Biggest S and P Trade of Year
Tuesday, December 13th, 2016
Via Bloomberg:
OPEC Deal Will Create Oil-Supply Deficit in First Half, IEA Says
by
Grant Smith
December 13, 2016, 4:00 AM EST
Stockpiles to shrink by 600,000 barrels a day as producers cut
Russia to gradually implement the reduction pledged on Dec. 10
Global oil markets will swing from surplus to deficit in the ...
Posted in Uncategorized | Comments Off on From Surplus to Deficit
Tuesday, December 13th, 2016
Via Bloomberg:
U.K. inflation accelerated more than economists forecast in November, boosted by prices for clothing and gasoline.
The jump to 1.2 percent from 0.9 percent in October means consumer prices are rising at the fastest pace since October 2014. Economists had anticipated an increase to 1.1 percent.
The latest data from the ...
Posted in Uncategorized | Comments Off on Whiff of Inflation in UK
Tuesday, December 13th, 2016
Via Kit Juckes at SocGen:
Solid Chinese data overnight have done nothing to quell concerns about the unsustainable nature of the Chinese rebound, but they have underpinned risk sentiment in afternoon Asian trading. USD/JPY isn't back up to yesterday morning's euphoric high above 116, but at least it's back to yesterday's ...
Posted in Uncategorized | Comments Off on Early FX
Monday, December 12th, 2016
Via TDSecurities:
§ There has been increasing chatter about Treasury issuing bonds with a maturity greater than 30yr. It would help fund higher deficits, help extend the average maturity of the debt and take advantage of the current low levels of term premium. It could also allow Treasury to tap into ...
Posted in Uncategorized | 1 Comment »
Monday, December 12th, 2016
Via the WSJ:
The Volatility Paradox: Calm Markets but Soaring ‘Fear Gauge’ Trading
Investors look to make quick profits during isolated periods of market tumult
By
Gunjan Banerji
Dec. 11, 2016 7:00 a.m. ET
Trading in volatility-linked investments set records in 2016 during a mostly calm year in markets, underscoring the popularity of ...
Posted in Uncategorized | Comments Off on Trading the VIX