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Sep 18 - Fed Leaves Rates Unchanged


EMOTION MOVING MARKETS NOW: 15/100 EXTREME FEAR

PREVIOUS CLOSE: 16/100 EXTREME FEAR

ONE WEEK AGO: 15/100 EXTREME FEAR

ONE MONTH AGO: 14/100 EXTREME FEAR

ONE YEAR AGO: 42/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 15.83% 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 21.14. 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 exceeds 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 – I JUST LOVE MY NEW SWEATER….

 

UNUSUAL ACTIVITY

TRC Tejon Ranch Co Towerview LLC Director, 10% Owner 7,816 Purchase at $21.95

CRBP Chief Financial Officer P 5,000 A $ 2.121

LIND Director P 4,900 A $ 9.3424 P 100 A $ 9.335

JD DEC 30 CALL Activity .. 3500+ @$1.30

SDRL Activity JAN 10 PUTS on the BID .. @$3.20 2500+

TAP CALL Activity on the name in the OCT 80 and 85 CALLS

More Unusual Activity…

HEADLINES

 

Fed leaves rates unchanged

Yellen: Hike appropriate when lbr mkt improves further

Yellen: Fed has conf that infl will rise to tgt

Yellen: Concerned about China, and ability of officials to respond

Democrats block Senate vote to bar Obama from lifting Iran sanctions

Senate blocks measure to restrict lifting Iran sanctions

Opec Forecasts Point to Mid Term Rise in Opec Oil

Opec says no $100 oil until 2040

EU ramping up oil benchmark probes

Altice to buy US firm Cablevision for $17.7bn

 

GOVERNMENTS/CENTRAL BANKS

Federal Reserve leaves US interest rates unchanged --Guardian

Yellen: First rate hike appropriate when see further labor market improvement --Rtrs

Yellen: First rate hike appropriate when Fed has conf that infl will rise to 2% in m-term --Rtrs

Yellen: I can't give you a recipe for what we are looking to see before hiking --Rtrs

NY Fed: FX swaps with foreign cbanks $145m ($4m with BOJ, $141m with ECB)

Democrats block Senate vote to bar Obama from lifting Iran sanctions --USA Today

Moody's Revises 2015 GDP Growth Forecast For Germany To 1.50% --BBG

UK PM Cameron: EU negotiations going well, confident of being able to recommend staying in --Sky

BoJ's Kuroda: Japan To Continue Moderate Economic Recovery --FXStreet

Italy's Visco: MonPol. Responded Quickly To European Debt Crisis --ForexLive

EU's Moscovici: Greek Haircut Is Not On The Table --ForexLive

FIXED INCOME

U.S. to sell $26 bln 2-yr Notes, $35 bln 5-yr, $29 bln 7-yr, all to settle sept 30

Primary Dealers Rigged Treasury Auctions, Investor Lawsuit Says --BBG

Fitch: Bond Buyback Supports Lafarge's Credit Profile

FX

CHF: SNB says Franc still overvalued --BBG

EM FX: Brazilian real misses out on dollar retreat ahead of Fed --FT

ENERGY/COMMODITIES

CRUDE: Opec Forecasts Point to Mid Term Rise in Opec Oil --Market Pulse

CRUDE: Opec says no $100 oil until 2040 --Rtrs

METALS: Chile earthquake sends London copper up to two-month high --City AM

NATGAS: EIA NatGas Storage Change (11/Sept): 73 BCF (est 73 BCF, prev 68 BCF)

CRUDE: US house energy panel passes bill to repeal US export ban --Rtrs

GEOPOLITICS: Senate blocks measure to restrict lifting Iran sanctions

Energy firms are using more CDS pricing information to monitor counterparty credit risk --IFR

EU said to ramp up oil benchmark probes, asking some companies to redact business secrets --Rtrs

EQUITIES

PROVIONSAL S&P CLOSE: -0.25% at 1,990

PROVIONSAL DJIA CLOSE: 0.4% at 16,677

PROVIONSAL NASDAQ CLOSE: -0.1% at 4,894

Adobe Systems (Q3 15): Adj EPS $0.54 (est $0.50), Rev $1.22bn (est $1.21bn)

M&A: Altice To Buy U.S. Firm Cablevision For $17.7bn --Rtrs

M&A: Perrigo rejects Mylan's tender offer --MW

M&A: S&P puts AB InBev on credit watch as it mulls deal --FT

M&A: Australia watchdog queries Shell-BG ?43bn deal --FT

ENERGY: Glencore In Talks To Sell Copper Mine Production --Rtrs

BANKS: Fitch: Jefferies' Weak Q3 15 Results Extend Challenging 12-Month Stretch

BANKS: Lloyds Fights Forex Whistleblower Case --FT

BANKS: DB closes Russian corporate banking services --IFX

PHARMA: Pfizer faces over 1,000 lawsuits over antidepressant drugs --BBG

PHARMA: Eli Lilly, Boehringer Announce Jardiance Significantly Reduced Risk of Cardiovascular Death --StreetInsider

RETAIL: Wal-Mart to hire 60k seasonal workers

Amazon reveals new ?50 tablet and new 4K Fire TV box --BBC

AUTOS: GM to pay $900 million fine for criminal charges --MW

Fitch: General Motors' Legal Settlements Remove Uncertainty

MEDIA: Verizon Says Earnings Next Year May Be Flat --WSJ

INDUSTRIALS: GE to build engines in Europe --Rtrs

SPORTS: Manchester Utd explores $826m share sale --FT

RWE no longer chasing Middle East stake sale --FT

EMERGING MARKETS

Fed's Yellen: Concerned about downside risk to Chinese economic performance and ability of officials to address it

US Tsy's Sheets: We?re pushing the Chinese to accelerate implementation of reform agenda --Rtrs

China SAFE: To Check On Firms' Forex Buying To Prevent Speculation --Rtrs

Chinese Pres Xi: Economy can maintain L-Term medium-high growth rate --Rtrs

Chinese Pres Xi: Economy Has Room To Manoeuvre, Is Resilient --Rtrs

 

Analysts Say Brazil's Economic Measures May Not be Enough --RIO TIMES