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Fed Dudley: We Are A Long Way From More QE

Pivotfarm's picture




 

Follow The Market Madness with Voice and Text on FinancialJuice

EMOTION MOVING MARKETS NOW: 5/100 EXTREME FEAR

PREVIOUS CLOSE: 3/100 EXTREME FEAR

ONE WEEK AGO: 11/100 EXTREME FEAR

ONE MONTH AGO: 7/100 EXTREME FEAR

ONE YEAR AGO: 36/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 10.90% 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: EXTREME FEAR The CBOE Volatility Index (VIX) is at 30.32 and indicates that investors remain concerned about declines in the stock market.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme 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)

 

MEME OF THE DAY – IT’S THE JERKS

 

UNUSUAL ACTIVITY

LVS SEP 40 PUT ACTIVITY on offer @$.80 4500+ Contracts

GPRO OCT 48 PUT ACTIVITY @$5.00 right by offer 1944 Contracts

HZNP SEP 30 CALLS block @$1.45 on offer 3900 Contracts

CBS OCT 47.5 CALL Activity @$1.20 on offer 3700+ Contracts

ABT SEP 44 CALL ACTIVITY ON THE OFFER @$1.05-1.06 5100+  Contracts

RYAM Director Purchase 5,000 @$6.9

TEP Director Purchase 9,000 @$44.5

ABUS Director Purchase 1,000 @$6.95

CVX Executive Vice President Purchase 2,000 @$ 73.529  Purchase 500  @$72.37

More Unusual Activity…

 

HEADLINES

 

Fed Dudley: September rate rise less compelling

Fed Dudley: We are a long way from more QE

US July Building permits revised up to -15.5% at 1.130 units

OIS price 30% chance of Sept hike (26% yesterday)

OIS price 62% chance of Dec hike (54% yesterday)

NY Fed Economists say 89% of slack has been wrung out of US economy

Fed increasing Scrutiny of bank payment systems

ECB Praet: Downside risks to inflation path, ECB ready to act

ECB Hansson: Greek outlook brightening

Tsy yields rise after lacklustre 2y FRN and 5y auctions

Monsanto drops $46bn takeover bid for Syngenta

Schlumberger to buy Cameron International in $14.8bn deal

 

GOVERNMENTS/CENTRAL BANKS

Fed Dudley: September rate rise less compelling --FT

Fed Dudley: We are a long way from more QE --ForexLive

Fed interest rate hike falls rapidly down the probability scale --FT

NY Fed Economists say 89% of slack has been wrung out of US economy --Liberty Street

Federal Reserve Increasing Scrutiny of Bank Payment Systems --WSJ

BOC COMMENT: Global Fin Mkt Woes Shldn't Drive A Sept BOC Rate Cut --MNI

ECB Praet: Downside Risks To Infl Path, ECB Ready To Act --MNI

ECB Hansson: Greek outlook brightening --BS

Greece raisis E22.3bn in state revenues (Jan-Jul) vs exp of E25.772bn --KTG

EU's Dombrovskis expects Greek progress regardless of government --Kathimerini

French FinMin Sapin: Tax Cuts Possible But Lower Deficit A Priority --MNI

GEOPOLITICS

US Pres Obama on cusp of winning Iran nuclear vote --FT

FIXED INCOME

Treasury yields rise as auction gets lukewarm response --CNBC

2Y FRN auction sees small tail as dealer takedown highest since Dec 2014 --Livesquawk

German Yield Falls From 3-Week High as Selloff Seen Excessive --BBG

Abengoa bonds and CDS jump on rights talk --IFR

Philippines mulls project bonds --IFR

FX

USD: Dollar retreats as Fed's Dudley cautions on rates --FT

JPY: Yen stronger vs dollar on dovish Dudley comments --FXstreet

GBP: Sterling lower after inflation expectations decline --FXstreet

AUD: AUD/USD oscillates above 0.7100 --FXstreet

AUD COMMENT: Westpac: Australian Dollar's Recent Support is Superficial --Westpac

ZAR: SARB chief rules out defence of rand --FT

ENERGY/COMMODITIES

COMMODS: Commodities fall as China jitters persist --Rtrs

US DOE Crude Oil Inventory Change (WoW) (Aug): -5452K (est 1450K, prev 2620K)

US DOE Distillate Inventory Change (WoW) (Aug):256K (est 600K, prev 326K)

US DOE Cushing OK Crude Inventory Change (WoW) (Aug):1660k (est -950K, prev -2708K)

US DOE Gasoline Inventory Change (WoW) (Aug):1436K (est 1020K, prev 594K)

WTI futures settle 1.8% lower at $30.60 per barrel --Livesquawk

Brent futures settle 0.2% lower at $43.14 per barrel --Livesquawk

Fitch: Low Prices Stretch Small EMEA Oil Companies' Liquidity

NATGAS: Natural Gas Holds Steady on Warmer Forecasts --WSJ

NATGAS: US natural gas glut prompts price warning --FT

METALS: Base Metals Close Down As China Concerns Return --WSJ

METALS: Gold Lower as Investors Reassured By Upbeat US Data --WSJ

EQUITIES

M&A: Schlumberger to buy Cameron International in $14.8bn deal --FT

M&A: Monsanto drops takeover bid for Syngenta --WSJ

O&G: Oil drop casts cloud over Sinopec profits --FT

BANKS: Bankers bonuses suffer biggest fall in a decade --FT

BANKS: RBC reports higher energy-sector bad loans but profit rises --Rtrs

TECH: PayPal expands One Touch program to new markets in Europe --Rtrs

EMERGING MARKETS

Fitch: Pessimism on China's Short-Term Macro Outlook Overdone

S&P: Weak company profits fuel China correction

 

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Thu, 08/27/2015 - 06:39 | 6476596 Eyeroller
Eyeroller's picture

"We're a long way from QE4."

 

SO.... Dudley just reassured the sheeple that if the "markets' drop too far, then the Feral Reserve WILL introduce QE4.

Thu, 08/27/2015 - 04:59 | 6476534 EurGold
EurGold's picture

1oz Silver Australian Kookaburra Coin just €17.21 @ EurGold

https://www.eurgold.eu/silver/kookaburra-1oz-silver-1-dollar-legal-tende...

Thu, 08/27/2015 - 06:57 | 6476621 bunnyswanson
bunnyswanson's picture

Tycoon Series Diamond ladies ring 18kt yellow gold - 7.4 grams - total 2.21 ct diagnose with 1 round billial 0.98 Color F Clarity Si1.  13,000 in 1999, have receipt.  Bids start at 5 grand.  Liquidation time!

Thu, 08/27/2015 - 01:32 | 6476373 fasTTcar
fasTTcar's picture

I think we are at a point in the market where anyone left playing knows it is corrupt and is trying to play whatever inconsistency they can see.

Madoff did not get billions funded to him because he was a good guy, he had people invest that thought he was cheating and they wanted in on it. 

HFT's, the PPT, and the Fed are all examples of the absolute opposite of a true market.  But this is what the "market" is now.

Sometimes the only way to win is not to play.

 

Wed, 08/26/2015 - 22:35 | 6476095 Fukushima Fricassee
Fukushima Fricassee's picture

These CB fuckers are all liars, I shit on them.

Wed, 08/26/2015 - 22:12 | 6476015 Two Theives and...
Two Theives and a Liar's picture

As Jim Willie so aptly points out..they never stopped QE. Dud is lying..as they must.

We know.

I think the quote is missing a word:

"We are a long way from ENDING more QE"

There...fixed it for ya!

Thu, 08/27/2015 - 06:25 | 6476592 LawsofPhysics
LawsofPhysics's picture

Correct. "Official QE ended, covert QE has never stopped as absolute power corrupts absolutely.

Thu, 08/27/2015 - 00:12 | 6476275 MrBoompi
MrBoompi's picture

Exactly, they can't stop the QE, the money printing and forcing the debt on whoever is the most vulnerable.  How can you tell when a Fed official is lying?  When they make public statements.  How long is a "long way"?  There are many milliseconds in a second.

Wed, 08/26/2015 - 23:52 | 6476232 Eahudimac
Eahudimac's picture

Exactly. They never stopped. How else do you explain the bull market since QE3 ended? They question is what caused the crash the past few days? Did they stop the hidden QC? Is it because China is dumping treasuries? I don't buy the currency devaluation meme. Seems like a small move in the value of the currency for such a big move in the market. Maybe it was a coordinated effort to fleece the muppets and then run it back up  to new highs in a few weeks? I can't figure it out. No one can. After 2008 and losing half my 401K overnight, I learned my lesson. I will never invest in this market again. Unfortunately what I had left got completely wiped out after buying VIXX not long after QE1 thinking the end was nigh for the market. Little did I know the power of central banks and the government to manipulate the markets so well for so long.

 

I don't care about the money. I just want to see people wake up to this manipulation and criminality and for it to come to an end. The world does not have to be so bad. It only seems that way when I link up to the internet (TV in my house is non-existent). It is hard for me to study the illusion of reality and not let emotions cloud rationality, although through practice I am getting better at it. Watching humanity wallow in ignorance is painful.

Wed, 08/26/2015 - 18:37 | 6475232 blindman
blindman's picture

the fed tool box is much bigger than
qe and interest rates associated with
their central bank function for the
ussa. the international tool box is
unreported on for the most part but
my guess is where most of the energy is
exerted. isn't that the point of the
"independent central bank" concept anyway
and i know, you already knew all that.
.
end the fed. "treason" doesn't even begin to
describe the destructive power they harmlessly
wield on a constant basis. the gods must be crazy.

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