Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Sep 4 - ECB's Draghi: Greece Not Ready Yet For ECB To Buy Its Bonds

 

EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR

PREVIOUS CLOSE: 10/100 EXTREME FEAR

ONE WEEK AGO: 12/100 EXTREME FEAR

ONE MONTH AGO: 21/100 EXTREME FEAR

ONE YEAR AGO: 48/100 NEUTRAL

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 24.35% 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 26.09. 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 – DUBAI GOLD DEALER OLYMPICS

 

UNUSUAL ACTIVITY

MBLY SEP 55.5 PUT ACTIVITY 1500 @$2.90 on offer

TSM OCT 20 CALLS 4694 block @$.95 right by offer

RAD JAN 9 CALLS 3K @$.54 on offer

SAEX 10% Owner P 11,394 A $ 3.02 P 17,693 A $ 2.95

TBPH .. SC 13G Filed by GlaxoSmithKline .. 24.5%

More Unusual Activity…

 

HEADLINES

 

ECB's Draghi Unveils Revamped QE Program

ECB's Draghi pledges more QE if needed

ECB's Draghi: Greece not ready yet for ECB to buy its bonds

ECB Keeps All 3 Main Rates Unchanged As Expected

US ISM Non-Manf. Composite (Aug): 59.0 (est 58.2, prev 60.3)

US Trade Balance (USD) (Jul): -41.86B (Est -42.20B, Rev Prev -45.21B)

US Initial Jobless Claims (Aug 22): 282K (Est 275K, Rev Prev 270K)

US Markit Services PMI (AUG F): 56.1 (Est 55, Prev 55.2)

Atlanta Fed Q3 GDPNow Forecast Updated +1.5% (Prev +1.3%)

US Tsy Sec Lew: No concern yet in financial institutions from market turmoil

IMF Official: Fed Can Keep Their Rates Low Until Wage/Price Inflation Is Seen

Greek leftists put on brave face as poll shows conservatives pulling ahead

U.S. stocks lose steam as oil prices pull back

Oil futures mark 5th gain in 6 sessions

 

GOVERNMENT/CENTRAL BANKS

ECB's Draghi Unveils Revamped QE Program --BBG

ECB's Draghi pledges more QE if needed --CNBC

ECB Main Refinancing Rate (Sep 3): 0.05% (Est 0.05%, Prev 0.05%)

ECB Deposit Facility Rate (Sep 3): -0.20% (est -0.20%, prev -0.20%)

ECB Marginal Lending Facility (Sep 3): 0.30% (est 0.30%, prev 0.30%)

Atlanta Fed Q3 GDPNow Forecast Updated +1.5% (Prev +1.3%)

US Tsy Sec Lew: No concern yet regarding financial institutions from market turmoil --Rtrs

IMF Official: Fed Can Keep Their Rates Low Until Wage/Price Inflation Is Seen --RTE

IMF: Market volatility alone not reason for concern over yuan --Rtrs

EZ official: G20 discussing China, Fed rates and will not discuss Greece

Greek leftists put on brave face as poll shows conservatives pulling ahead --Rtrs

GEOPOLITICAL

China flexes muscles with World War II military extravaganza --CNN

Iran supreme leader: Sanctions must be lifted, not suspended --Israel Times

Migrant crisis 'a German problem' - Hungary's Orban --BBC

FIXED INCOME

Treasury prices edge higher on dovish ECB, U.S. jobs data eyed --RTRS

Portugal's Bonds Lead Gains In Periphery as ECB Raises QE Asset-Buying Limit --BBG

US Tsy Reduces Size of Next Week's Bill Sales --Tsy

ECB's Draghi: Greece not ready yet for ECB to buy its bonds --Rtrs

FX

EUR: Dovish Draghi hits euro and Bund yields --FT

USD: Dollar Mixed As Investors Await August Employment Report --RTT

CAD: Loonie Climbs on Positive Trade Data, Higher Oil Prices --WBP

Yuan pessimism eases on China central bank efforts, Asia FX sentiment less bearish --Rtrs poll

COMMODITIES/METALS

Oil futures mark 5th gain in 6 sessions --MktWatch

Saudi Aramco Cuts October Crudes to U.S. as Refinery Demand Falls --BBG

US EIA Natural Gas Storage Change (Aug 28): 94 (est 90, prev 69)

Gold plunges nearly 1% as ECB lowers inflation, GDP forecasts --Investing.com

Copper Prices Climb Amid Respite From Chinese Selling --WSJ

Anglo American in talks to sell troubled platinum mines --FT

EQUITIES

INDEX: U.S. stocks lose steam as oil prices pull back --MktWatch

INDEX: Eurozone stocks rally after Draghi comments --Rtrs

INDEX: ECB bond buying hint lifts FTSE higher --BBC

EARNINGS: Medtronic profit and sales beat expectations --MktWatch

EARNINGS: Campbell Soup Sales Fall Due to Strong Dollar, Weak Demand --Fox

BANKING: UniCredit weighing 10,000 job cuts in revamp --BBG

AUTOS: VW's finance chief set to become new chairman --Rtrs

TECH: Microsoft has acquired VoloMetrix --MsftNews

TECH: Japan Display CEO hints at strong Apple orders ahead of new iPhone launch --Rtrs

MEDIA: AOL to buy Millennial Media at a 31% premium --MktWatch

MINING: Joy Global cuts guidance as profit, sales miss --MktWatch

CONSUMER GDS: General Mills sellS Green Giant to B&G Foods for $765mln --USAToday

CONSUMER GDS: Genesco profit, sales rise above expectations --MktWatch

CONSUMER GDS: Lululemon's stock up after Wedbush puts it on a 'best ideas' list --MktWatch

HEALTHCARE: CVS: tobacco ban led to a decrease in cigarette purchases --MktWatch

EMERGING MARKETS

Lira Weakens After Turkey Inflation Miss as Rates Seen Too Low --BBG

Brazilian Real Drops for Fifth Day as Levy Seen Closer to Exit --BBG

Rand Leads Emerging-Currency Declines as Economic Data Weighs --Rtrs

Indian Stocks Rebound From 13-Month Low as Metalmakers Advance --BBG

 

Ruble Holds Firm as Official Moots Return of Dollar Purchases --BBG