Home > May 2017 > May 3, 2017 FOMC dull, but Tech should Sell Off hard along with the Ag Names

May 3, 2017 FOMC dull, but Tech should Sell Off hard along with the Ag Names

Futures are down about .10% in the first hour of Europe Session. German’s Unemployment data came in showing a continuing move down which is bullish for the Euro . Oil is up after the sell off yesterday with a surprise draw from API last night. EIA is expecting a drawn down of 2.160 million barrels, distillates build by 600,000 barrels and gasoline supplies build by 700,000 barrels. . FOMC won’t really matter, but that miss on AAPL with it at an all time should cause a lot of selling today. Shanghai Futures gave the rally from yesterday back with Hong Kong being on Holiday. ADM missed yesterday and sold off 8% yesterday after saying it’s too hard to make a Profit in Global Grain Glut…darn Grain Bubble, lol…I don’t see any reason why Bulls would step in and buy any Ag Names, POT was also down 1% yesterday. Japan is also on Holiday tonight.

May 2017

  • Trading_Nymph

    From …Investing.com – U.S. crude inventories fell a more than expected 4.16 million barrels at the end of last week, the American Petroleum Institute (API) said Tuesday, with gasoline supplies showing a surprise draw of 1.93 million barrels and distillates fell 440,000 barrels.
    Supplies at the oil storage hub of Cushing, Oklahoma, eased 220,000 barrels.
    The industry figures are followed Wednesday by official data from the Energy Information Administration (EIA). The two sets of figures often diverge and have in the past two weeks whipsawed the market.
    Analysts expect crude oil inventories dropped 2.160 million barrels at the end of last week, while distillates rose by 600,000 barrels and gasoline supplies increased by 700,000 barrels.

  • Trading_Nymph

    China’s property market turnover in April as a whole down, one of the second-tier cities are varying degrees of decline;
    2017 年 03 月 03 日 16:13 Source: Huitong Network Editor: Night TingFill in your email address and subscribe to our great content:
    Remittance Network News May 3 – China April property transactions as a whole down, in which a second-tier cities have decreased to varying degrees;
    China Securities Network: Centaline Property Research Center statistics show that in April the overall turnover of the property market down, in which a second-tier cities Varying degrees of decline, three-tier cities with the chain slightly increased. Shanghai, Guangzhou, Fuzhou, Suzhou and other cities of the volume decreased significantly, more than three percent decline.

  • panther341

    There is something called the Treasury Borrowing Advisory Committee …. they met yesterday and issued several reports. One of them basically trashes the concept of 50 year bonds from the angle of no demand. There is a 32 page report on this which I found on Adobe Acrobat, and …. Here’s one report. http://news.forexlive.com/!/heres-what-the-treasury-borrowing-committee-said-on-ultra-long-bonds-20170503 (not 32 pages!) Bloomberg version has a few more details. http://news.forexlive.com/!/heres-what-the-treasury-borrowing-committee-said-on-ultra-long-bonds-20170503

  • Trading_Nymph

    Hi Panther…Japan, Europe have been talking about 100 year bonds and Steven Mnuchin has been talking about 100 year bonds since last year.

  • panther341

    Mnuchin is on this committee. And the committee is telling him he is nutso. LOL

    Mexico sold some 100 year bonds in 2010! SO US is behind the curve talking about it after the FOMC raised rates. https://www.ft.com/content/3a40a718-d0d7-11df-a426-00144feabdc0

    Then – just so that the ECB would have something else to buy, Mexico sold 100 year bonds in Euros – first country to do that. https://www.bloomberg.com/news/articles/2015-04-08/mexico-to-sell-longest-dated-euro-bond-with-100-year-offering