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American equity markets unable to rebound Thursday

The US Stock market experienced a definitely negative opening Thursday, as the drama and fears of yesterdays collapse carried over into today, compounded by the release of uneven economic data out of the United States. In the United States, the Consumer Price Index (YoY) grew +1.6% in the month of January, in like with consensus expectations. Moreover, the Consumer Price Index (MoM) was unchanged in January, missing estimates calling for +0.1%. The Consumer Price Index ex Food and Energy (MoM and YoY) was reported at +0.3% in January (vs. 0.2% expected) and +1.9% in January (against projections of +1.8%) respectively. Finally, Initial Jobless Claims (February 17) yielded a figure of 362K, against 355K expected.

Beginning with the indices and composites, the NASDAQ fell -0.57% as it settles in region of 3147.90, down -17.95 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1503.70, descending -8.08 points or -0.53% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13869.18, presently -0.42% after a movement of -58.36 points.

Sectors are nearly all in the red currently, however the Basic Materials and Consumer Cyclical sectors have distinguished themselves as main losers thus far, plummeting -1.02% and -0.99% respectively. In other news, the price of crude has settled below USD $93.06 Thursday.

Forex Flash: FOMC minutes unsettles market – TD Securities

TD Securities note that The FOMC minutes, not usually a factor for the markets, have unsettled trading twice in a row now: "Yesterday’s minutes implied less unity among policy makers but certainly provided no clear bias on the policy outlook", wrote analysts Shaun Osborne and Greg Moore. "The suggestion that policy may need to be “tapered” in response to changing circumstances (even though this was balanced by other FOMC members who warned against an early roll back of QE) was enough to unsettle an already uneasy market", they added.
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Forex Flash: EUR/USD may slide to 1.28/1.29 area – TD Securities

Yesterday, the EUR/USD closed below the 40-day MA and traded at fresh 4-week lows, which should drive systemic traders and trend followers to revert to bearish strategies (sell rallies) from here, according to TD Securities. "Weak data in Europe, modestly wider peripheral spreads and less supportive EZ/US short-term yield spreads support the soft undertone in the EUR near-term (test of the low 1.31 area likely)", wrote analysts Shaun Osborne and Greg Moore, suggesting a potential slide in EUR/USD to the 1.28/1.29 area and pointing to Fed Bullard's speach as the real focus of the day.
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