USD/CAD’s next move
The USD/CAD moved lower today on mixed Canadian economic data and imminent Spanish bailout sent traders fleeing the U.S. dollar into the Lonnie.
Strategies
Selling Starbucks Premium
Those that just register to view the advance Starbucks option trade.
Starbucks – Verismo Brewing Machine
As we mentioned in the Morning Coffee Break Starbucks (SBUX, quote) will start selling its new Verismo single serve brew machine. The Verismo will be sold online this week for $199 and will available in stores starting next month.
Financial Select Sector SPDR and the Bernanke Floor
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
Breaking News – Federal Express (FDX)
Breaking News – Federal Express Earnings.
Cheniere Energy Bullish Option Buying
Cheniere Energy (LNG, quote) has been on trek higher since June 4th drop with the last 8 session flying much higher as the U.S. looks to natural gas as a bridge fuel.
Gold to continue to benefit from QE3
Gold price continued its climb higher for a second day after Federal Reserve announcement of third round of quantitative easing which weakens the U.S. dollar and in turn strengthen gold’s price as traders look for safety. The FMOC’s announcement of QE3 was more aggressive than most analysts were anticipating with a plan to purchase 40 billion USD in mortgage backed securities on a ongoing unlimited fashion until the U.S. economy
Morning Coffee Break
Traders are setting their focus on 3 key events today as U.S. market session prepares to open. U.S futures are suggesting positive open with the Dow Jones fair value up by 20.64 and the S&P 500’s fair value higher by 3.34. The NASDAQ is getting nice push higher ahead of Apple’s (APPL, [stock APPL]). Fair value for the NASDAQ is higher by 9.81.
Breaking News – AA
Breaking News Alcoa Kicks Off Earnings with a bang.
Breaking News – AMD
Breaking News – Advanced Micro Devices warns prior to earnings announcement.
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