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Aug 20 - Fed Minutes: Conditions For Rate Hike Approaching Hike....

EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR

PREVIOUS CLOSE: 14/100 EXTREME FEAR

ONE WEEK AGO: 10/100 EXTREME FEAR

ONE MONTH AGO: 36/100 FEAR

ONE YEAR AGO: 32/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 27.71% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.
Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 15.25. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – IT’S THE JERKS

 

UNUSUAL ACTIVITY

IDTI Vol weakness SEP 19 PUT ACTIVITY @$1.25 on offer 4500+ Contracts

SLB SEP 80 PUT ACTIVITY @$1.31 on offer 4000+ Contracts

PYPL SEP WEEKLY4 PUTS on the BID @$1.35 3700 Contracts

SPLS DEC 15 CALLS on the OFFER @$.90-.95 6000 Contracts

SEMI - CEO Purchased $300k+ total

AVHI Director Purchase 1,920 @$ 13.9989 Purchase 1,280 @$13.99

More Unusual Activity…

 

HEADLINES

 

Fed Minutes: Conditions for rate hike approaching hike, but not there yet

Fed's Bullard says he Will argue for September liftoff

Fed's Kocherlakota: Raising rates now would be a mistake

US CPI (MoM) Jul: 0.10% (est 0.20%; prev 0.30%)

US CPI (YoY) Jul: 0.20% (est 0.20%; prev 0.10%)

US CPI Core (MoM) Jul: 0.10% (est 0.20%; prev 0.20%)

US CPI Core (YoY) Jul: 1.80% (est 1.80%; prev 1.80%)

US Real Avg Weekly Earnings (YoY) Jul: 2.20% (prev 1.80%)

US MBA Mortgage Applications (14 Aug): 3.60% (prev 0.10%)

US DOE Crude Inventories (WoW) Aug-14: 2.62m (est -820K; prev -1682K)

WTI futures settle 4.3% lower at $40.80/barrel

ESM: Greece to receive EUR 13bln disbursement on Thursday

ESM: Greek debt relief to be considered in Oct-Nov

 

GOVERNMENTS/CENTRAL BANKS

Fed Minutes: 'Approaching' hike, not there yet --CNBC

Hilsenrath: Fed's Signals Mixed on Rate Increase at September Meeting --WSJ

Fed's Bullard says he Will argue for September liftoff --MNI

Fed's Kocherlakota: Raising rates now would be a mistake --WSJ Op-Ed

Fed RRP (19 Aug): 31 bidders. $84.4bn (prev 34 bidders, $88.1bn)

PBOC's Zhou urges 'capital restraint' over three policy banks --Caijing bia BBG

IMF: China won't join SDR till Sept 2016 at earliest --FT

ECB: EZ excess liquidity rose to E472.92bn (prev E471.54bn) --Livesquawk

ECB: E781m borrowed using overnight loan facility, E156.8bn deposited --Livesquawk

Dutch defeats no-confidence motion in parliament --Rtrs

Ex-BoE Miles: Rates will rise pretty soon --BBC

GREECE

ESM: Greece to receive EUR 13bln disbursement tomorrow, --Livesquawk

ESM: Greek debt relief to be considered in Oct-Nov --Livesquawk

Greek finance ministry official says that ESM board will have a teleconference tonight to approve first aid tranche to Greece --Rtrs

EG's Dijsselbloem: IMF, euro zone can agree on Greek debt

Greek bailout moves ahead after German parliament backs programme --BBG

German FinMin Schaeuble rules out debt haircut for Greece --Rtrs

Schaeuble: IMF will join Greek deal if conditions met --ForexLive

Fitch Upgrades 2 Greek Banks' State-Guaranteed Debt To 'CCC' On Sovereign Upgrade

GEOPOLITICS

OSCE not prepared to work in Gorlovka under fire

Poroshenko to discuss Ukraine situation with Hollande and Angela --Armenpress

Merkel calls summit over rising violence in Ukraine --FT

Reports of gunfire near Dolmabahce Palace in Istanbul --ForexLive

UN to let Iran inspect alleged nuke work site --AP

Iran boosting strategic defense production --PressTV

FIXED INCOME

U.S. Government Bonds Strengthen After Fed Minutes --WSJ

Norway SWF posts first decline in three years on bonds --BBG

Iraq courts investors before international debt sale --FT

Glencore bonds slump on poor earnings --IFR

FX

USD: Dollar dips after Fed minutes --FT

CNY: IMF says China won't join SDR till Sept 2016 at earliest --FT

COMMODITY FX: Oil currencies under fire as WTI tumbles --FT

TRY: Turkish lira hits fresh record low --FT

ENERGY/COMMODITIES

WTI futures settle 4.3% lower at $40.80/barrel --Livesquawk

Brent futures settle 3.4% lower at $47.16/barrel --Livesquawk

DOE US Crude Oil Inventory Change (WoW) Aug-14: 2620k (est -820K; prev -1682K)

DOE US Distillate Inventory Change (WoW) Aug-14: 594K (est 1500K; prev 2994K)

DOE Cushing OK Crude Inventory Change (WoW) Aug-14: 326K (est 505K; prev -51K)

DOE US Gasoline Inventory Change (WoW) Aug-14: -2708K (est -1250K; prev -1251K)

DOE US Refinery Utilization (WoW) Aug-14: -1.00% (est -0.50%; prev 0.00%)

CRUDE: Oil down on surprise inventory build --ForexLive

CRUDE: EIA cuts WTI forecast for 2015, 2016 --FT

EQUITIES

EARNINGS: Glencore profits hit by oil and metal price slowdown --BBC

EARNINGS: Target raises 2015 earnings forecast for second time --Rtrs

EARNINGS: Staples reports profit decline as sales slide --MW

EARNINGS: Lowe's earnings miss estimates --CNBC

M&A: AbbVie buys special review voucher for $350m --Rtrs

SALES UPDATE: Imperial Tobacco upbeat despite falling volumes --FT

TRADING: Short sellers target European luxury stocks --FT

JV: India's Tata to invest almost $100m in Uber --FT

F&B: Carlsberg shareholders drown sorrows after warning --FT

F&B: Coke takes minority stake in organic juice maker Suja --CNBC

LEGAL: Citi to Pay $15m to Settle US Compliance Charges --FBN

CRA: Moody's: HSBC's challenging profitability target for its Mexico unit could raise asset quality risks

Toyota to seek price cuts from suppliers --Nikkei via BBG

EMERGING MARKETS

FLOW: Investors pulled near $1trln from EMs --CNBC

CHINA: China stocks rebound, but who is buying?

 

CHINA: PBOC Confirms CNY110 Bln In Funding Ops Weds