Cot futures data are traders readying for more volatility see it market usa today coaches poll

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Also on Tuesday, we get PPI-FD and retail sales for February; NAHB housing market index for March, and Treasury International Capital data for January.

Producer prices inched up 0.1 percent in January. In the 12 months through January, the PPI fell 0.2 percent. Core PPI rose 0.2 percent and 0.8 percent, respectively.

Retail sales rose 0.2 percent month-over-month in January to a seasonally adjusted $449.9 billion. This was the fourth straight monthly rise financial markets futures. Y/y, sales rose 3.4 percent – the highest growth rate in the past year.

In December, the 12-month rolling average of net foreign purchases of U.S. equities reached minus $125.7 billion – a record. The last time this metric was positive was in October 2013.

Consumer prices were unchanged in January 1 usd myr. In the 12 months through January, prices rose 1.4 percent.


Core CPI rose 0.3 percent and 2.2 percent, respectively, with the latter rising the most since June 2012.

Housing starts fell 3.8 percent m/m in January to 1.1 million units (SAAR) – down from 1.2 million last September. On a 12-month rolling average basis, however, January’s 1.11 million was the highest since 1.13 million in June 2008.

Capacity utilization inched up 0.9 percent m/m in January to 77.1 percent. This was the first m/m increase in six months the boxer rebellion tour. However, y/y, utilization has now decreased for nine straight months. The cycle peaked at 79 percent in November 2014.

January’s JOLTS comes out on Thursday. Job openings were up 261,000 m/m in December to 5.61 million, but were nearly flat with 5.67 million last July.

On Friday, the University of Michigan’s consumer sentiment survey is published. This will be preliminary data for March. February was down three-tenths of a percent m/m to 91.7 percent. The cycle peaked at 98.1 in January last year – an 11-year high.

In the week ended March 4th, crude stocks rose by another 3.9 million barrels to 521.9 million barrels – a new record! Stocks have gone up by nearly 40 million barrels in the past nine weeks.

Gasoline stocks, however, are seeing some improvement, down 4.5 million barrels to 250.5 million barrels pound exchange rate forecast. They are now down 8.2 million barrels from the record high three weeks ago.

Similarly, crude oil production rose by a thousand barrels per day to 9.1 mb/d, but has declined by 157,000 b/d in the past seven weeks. Production reached a record 9.61 mb/d in the June 5th (2015) week.

There was some good news in crude oil imports as well, which fell by 244,000 b/d to 8.05 mb/d what is us currency. Distillate stocks fell by 1.1 million barrels to 162.5 million barrels. And last but not the least, refinery utilization rose eight-tenths of a percent to 89.1, which is now up three percentage points in the past month.

The 50-day moving average on spot WTI crude oil continues to flatten out, with the crude currently right at resistance. The next one at $40 is right above.

Two weeks ago, WTI crude oil futures saw the largest week-over-week increase in non-commercials’ net longs since October 2010. And they continue to add.

E-mini S&P 500: At long last! For the first time this year – in 10 weeks – U.S.-based equity funds saw some inflows. A healthy $4.6 billion in the week ended Wednesday (courtesy of Lipper). Year-to-date, however, outflows still total nearly $42 billion.

Stock market bulls for sure hope this is the beginning of a trend. After all, money-market funds have been rising since the middle of last year, with the four-week average at $2.8 trillion canadian dollar to indian rupee exchange rate. Plenty of dry powder out there, provided it finds a home in stocks.

That said, in the week ended Thursday, $458 million ($1.7 billion on Thursday) moved into the SPDR S&P 500 ETF (SPY) – courtesy of ETF.com. Friday, the index broke out.

It has now taken care of 1990 resistance and is sitting on the 200-day moving average understanding binary. There is gap resistance at 2040, which is where the November 2015 declining trend line converges as well.

First the ‘shock and awe’ decision. All interest rates were cut. The existing QE has been expanded from €60-billion/month in purchases to €80 billion gbp usd rate. And the surprise of all! The bank will now buy corporate debt! Good heavens! Are things really that bad?

Initially on Thursday, post-decision, the euro fell hard, stocks rallied. But investor mood soured in no time. By close, the DAX was down 2.3 percent; from intra-day high to low, it collapsed five percent. The euro, down 1.6 percent, shed 3.7 percent from the session high.

Markets wanted Mr. Draghi to deliver, and he did usd inr exchange rate forecast. But has he gone all in? Is that how markets are reading this? He did say he does not anticipate more rate cuts based on current view. That is one way to look at this. Here is another.

In one year, the ECB went from buying government debt to corporate debt. What next? Junk debt? Stocks? In desperation, the bank can easily expand its monthly program from €80 billion to €100 billion, for example. Or do any other monetary experiment. As long as markets do not rebel.

There would come a time when markets will start puking at all these unconventional monetary measures that have persistently failed to yield the desired results usd jpy exchange rate. Arguably, we may have seen early signs of it on March 10th.

In the week ended Thursday, another $229 million moved into GLD, the SPDR gold ETF (courtesy of ETF.com). Since December 3rd when gold bottomed, the ETF has attracted nearly $6 billion.

Despite extremely overbought daily conditions, gold bugs refuse to give up. On Thursday, buyers once again stepped in to defend the ascending-triangle breakout; the session low approximated the 20-day moving average.

But, once again, the metal looks tired. It lost the 10-day moving average on Friday. The next one to go would be the 20, which is going flat. The week produced another long-legged doji – second in three weeks.


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