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Oct 16 - Fed's Dudley: Uncertainty about China creates uncertainty about US outlook

EMOTION MOVING MARKETS NOW: 41/100 FEAR

PREVIOUS CLOSE: 35/100 FEAR

ONE WEEK AGO: 42/100 FEAR 
ONE MONTH AGO: 16/100 EXTREME FEAR

ONE YEAR AGO: 1/100 EXTREME FEAR

Put and Call Options: FEAR During the last five trading days, volume in put options has lagged volume in call options by 25.06% 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 fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 16.05. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: FEAR The CBOE Volatility Index (VIX) is at 18.03. This is a neutral reading and indicates that market risks appear low.

 

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) | 10 YR T NOTE | 2 YR T  NOTE | 5 YR T NOTE | 30 YR TREASURY BONDSOYBEANS | CORN

 

MEME OF THE DAY – IT’S THE JERKS

 

UNUSUAL ACTIVITY

VXX OCT WEEKLY4 21.5 CALLS7K+ @$.58

LOCK NOV 8 PUT Activity on the BID side

LULU NOV 55 CALL Activity 2500 block @$1.20 on offer

EDGE SC 13D Filed by NEW LEAF Ventures .. 8.2%

TROX .. SC 13G Filed by Putnam Investments .. 13.2%

More Unusual Activity…

HEADLINES

 

ECB's Nowotny says new measures needed to boost inflation

Fed's Dudley dismisses -ve rates, says economy slowing

Fed's Dudley: Uncertainty about China creates uncertainty about US outlook

Tsy Sec Lew: Extraordinary measures will be exhausted by 3/Nov

ECB's Draghi calls for Greek banks to get aid by 15/Nov

ECB's Constancio: Diverging Fed, Global MonPol a CBank Challenge

BoE's Vlieghe gets nod, but MPs stress need for BoE review

US DOE Crude Inventory (WoW) Oct-09: 7562K (est. 2577K, prev. 3073K)

EIA Natural Gas Storage Change Oct-09: 100 (est. 93, prev. 95)

PBOC researcher sees yuan gains amid global money shortage

 

GOVERNMENTS/CENTRAL BANKS

Fed's Dudley: Recent news suggests economy is slowing --ForexLive

Fed's Dudley: Uncertainty about China creates uncertainty about US outlook --FoerxLive

US Tsy Sec Lew: Extraordinary measures will be exhausted no later than 3/Nov --ForexLive

Fed buys $5.7bn MBS in the week, sells $200m

ECB's Nowotny says new measures needed to boost inflation --Rtrs

ECB's Draghi calls for Greek banks to get aid by 15/Nov --WiWo

ECB's Constancio: Diverging Fed, Global MonPol a CBank Challenge --MNI

BoE's Vlieghe gets nod, but MPs stress need for BoE review --FT

Greece Dep FinMin Chouliarakis: Greek govt to ask for lowering annual debt servicing needs --SZ

FIXED INCOME

US Mortgage Rates Drop, But Just Barely, On Downbeat Economic News --Bankrate

Portuguese bonds: Picking up speed (downwards) --FT

Ireland NTMA Sees Lower 2016 Funding Target --MNI

Fitch: Irish Budget Consistent with Improving Public Finances

FX

USD: Dollar sliding on data and policy split --FT

EUR: Euro falls vs USD

NZD: Kiwi dollar leads USD charge --DL

EM FX: Mexico, Malaysia lead FX reserve falls in emerging markets ex-China --Rtrs

ENERGY/COMMODITIES

WTI futures settle 0.6% lower at $46.38 per barrel

US DOE Crude Inventory (WoW) Oct-09: 7562K (est. 2577K, prev. 3073K)

US DOE Distillate Inventory (WoW) Oct-09: -1520K (est. -700K, prev. -2458K)

US DOE Cushing Inventory (WoW) Oct-09: 1125K (est. 200K, prev. 98K)

US DOE Gasoline Inventory (WoW) Oct-09: -2618K (est. -1250K, prev. 1910K)

US DOE Refinery Runs (WoW) Oct-09: 01.50% (est. -0.48%, prev. -2.30%)

EIA Natural Gas Storage Change Oct-09: 100 (est. 93, prev. 95)

CRUDE: BARC says oil prices will recover quickly --MW

UK faces worst energy supply crunch in a decade --FT

COMMENT: How stock and bond indices could signal end of oil rout --FT

Saudi Oil Minister Naimi: That demand for oil globally is improving --Rtrs

Gold erases 2015 losses --BBG

Antofagasta CEO: Copper near bottom as China absorbs supply, no plans to pare back mine production --BBG

EQUITIES

EARNINGS: Goldman Sachs Posts Weaker Results --WSJ

EARNINGS: Citi beats expectations --CNBC

EARNINGS: Philip Morris beats Q3 estimates --Benzinga

EARNINGS: Blackstone Misses Q3 EPS By 5c --StreetInsider

EARNINGS: US Bancorp profit rises in line with forecasts --MST

EARNINGS: UnitedHealth Revenue Surges, But Bottom Line Flat --WSJ

EARNINGS: Charles Schwab profit up 17 pct in third quarter --Rtrs

BANKS: Deutsche Bank Said to Plan Sale of U.S. Private-Client Brokerage --BBG

BANKS: Deutsche Bank Libor Probe Said to Rise to Former Trading Manager --BBG

BANKS: UK banks to need 3.3 billion pounds more capital under BoE plan --Rtrs

ACTIVIST: TeliaSonera Falls After Muddy Waters Questions Transparency --BBG

LEGAL: EU to rule Starbucks, Fiat benefited from illegal tax deals -?WSJ

LEGAL: Valeant subpoenaed by US prosecutors over drug pricing --Rtrs

M&A: Vivendi takes stakes in Ubisoft and Gameloft --FT

EM: China Construction Bank in talks to buy LME broker Metdist --Rtrs

C&E: Glencore Plans More Debt Cuts to Help Win Upgrade in Credit Rating --WSJ

EMERGING MARKETS

PBOC researcher sees yuan gains amid global money shortage --Shanghai Sec News

CHINA: Lower rates, slow economy spur China bank lending --FT

Indonesia central bank holds key rate at 7.50% --BT

 

Fitch Downgrades Brazil to 'BBB-'; Outlook Negative