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Monthly Archives: June 2011

June 23, 2011

How to Trade the European Market Close

1130am est the European cash equities markets close. We get more volume, more moves after 1130 as the European traders finish up in their markets and then ‘scratch that itch to trade’ in the US market. The move occurs from 11:30 to 12:00pm EST.  after 12:00 pm you must have a really good reason to […]

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June 23, 2011

The Fed Rules out QE3, Lowers Growth Estimates, sending US Dollar Higher and Commodities Lower ahead of Jobless Claims

All eyes overnight were on the Fed and the FOMC Meeting that ended on Wednesday with a statement from the Fed. The main talking points from Ben Bernanke were about the slowing pace of the recovery… ‘the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expected’ It […]

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June 22, 2011

FOMC Announcement says NO to QE3? Dollar jumps against the Euro as fears subside for the USD

The dollar rose against the euro and the yen as Federal Reserve Chairman Ben S. Bernanke dashed expectations the central bank would expand stimulus measures, easing concern policies would further debase the currency. The greenback gained from a one-week low against the euro. The Fed said after a two-day meeting that it will maintain record […]

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June 22, 2011

Trade the News Market Internals Update

**Looking Ahead*** – 12:00 (EU) Belgium’s Leterme speaks at Press Center Reception – 12:30 (US) FOMC Rate Decision: expected to leave interest rates unchanged at 0.25% – 14:15 (US) Fed Chairman Bernanke speaks at Fed Press Conference 10:31 AM Market Internals update at 10:30ET – NYSE volume 145M shares, about 23% below its three-month average; […]

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June 22, 2011

Greece vote of confidence comes up short, Gold & Crude Oil tumble on lack of demand, and traders prepare for FOMC Day

All eyes overnight were on the confidence vote out of Greece, which was supposed to calm our nerves about moving forward with a solution for the Euro.  Last night the PM of Greece won by the narrowest of margins, and basically ‘beat the vote’ straight down party lines…a true political move to save his skin, […]

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June 21, 2011

FTC to investigate crude, product price allegations

WASHINGTON, DC, June 21 — The US Federal Trade Commission will investigate whether crude oil and product price increases this spring resulted from possibly anticompetitive behavior, according to letters sent by FTC Chairman Jon Leibowitz to five US senators. Leibowitz cited US Energy Information Administration statistics in early May showing a 90% increase in US […]

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June 21, 2011

Trade the News Market Internals Update

***Looking Ahead*** – 11:30 (US) Treasury to sell 4-Week Bills – 13:00 (GE) IMF acting Chief Lispky gives speech at American Academy in Berlin – 13:00 (SZ) SNB’s Hildebrand speaks in Zurich – 16:30 (US) API Weekly Energy inventories 10:30 AM Market Internals update at 10:30ET – NYSE volume 168M shares, about 10% below its […]

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