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.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – hold on tight as today is “quadruple witching”. For those unsure of what quarterly “quadruple witching” is, it’s a period of time simultaneous expiration of various options and futures contracts that happens once each quarter. Doing a little digging we found that the last 8 times this has occurred in September, the Dow Jones has traded higher. The Dow Jones also has been
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.
Breaking News – U.S. Initial Claims for State Unemployment Benefits
Breaking News – U.S. Initial Claims for State Unemployment Benefits
Morning Coffee Break
Welcome to today’s Morning Coffee Break – U.S. futures are under pressure today as traders become fearful once again of global growth outlook after China reported its 11th consecutive disappointing Purchasing Managers Survey (PMI) of 46.3 for the month of August.
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.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – traders had a case of Deja vu yesterday as the U.S. markets traded similar to last week ahead of the European Central Bank (ECB) and U.S Federal Reserve meetings. U.S. futures are indicating a positive opening today with the Dow Jones fair value of 30.36, S&P 500 fair value of 2.33 and the NASDAQ’s fair value currently at 5.37.
Crude Oil Remains Under Pressure
Crude oil continue to moved lower in today’s session on fear of global economic growth and worries about Spanish debt crisis spinning out of control. Energy traders as well traders of growth commodities became cautious on Monday when Federal Reserve Bank of New York index was reported to have fallen to -10.4 for the month of September hitting a 3 year low. The previous months reading was -5.8 with analysts’
Breaking News – Federal Express (FDX)
Breaking News – Federal Express Earnings.
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