This Week's News You Can Use

June 28, 2011 - PRLog -- Find out more at: http://www.fractalfinance.com

Last Weeks HEADLINES That Moved Markets


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Events and Headlines

Fed Statement Wednesday June 22

As was expected the FOMC elects to keep rates unchanged at 0 to 0.25%.They further
sight slower than expected economic growth warrants keeping rates low. There is still no clear read as to how long. Two maybe three more meetings.

FOMC Downgrades Economic Growth Half a Percentage Point

Bernanke Projects Slow Employment Recovery and Economic Growth

Fed Will Review the Idea of Additional Asset Purchases as Necessary

10 Year Note Yields Back Over 3.00% Briefly Now Approaching 2.90%

Existing Home Sales... Another Report that Comes Out "Not as Bad as Expected"

Weekly Jobless Claims Disappoint

IEA Releases 60 Million Barrels Unexpectedly

Crude Goes Below $90.00

Strength in the Dollar Drives Commodities Lower

May Durable Goods Better than Expected

Comments:

With lack luster economic data of late, that is at best, "not as bad as expected," it's no wonder the FOMC elected to leave rates as is. The rhetoric does not give traders any certainty. The Fed sights slower than expected economic growth and downgrades the GDP. They did not lend themselves directly to QE3. Although, Bernanke did touch on the idea that further purchases of assets may become necessary during the Q&A session of the press release. What was surprising to me was that there was no commentary regarding the debt ceiling.

During the Q&A session they did touch on Japan, China, Greece, and the impact of weather conditions, as well as other issues we've discussed in previous releases of
Quant Trade's News You Can Use.

If I were to have the chance I would have presented the issue of the ECB buying up debt in Greece, and what impact that could have if that paper is used to collateralise further purchases of U.S. debt. There still is the perception that Greece could default, although I think that's unlikely. The credit bureaus may think differently. Next week the Grecian Parliament will work out the exact measures to be taken in an attempt to cover the trillions they face. Protests continue in the streets stemming from expectations of those measures.

Commodities get hit hard when the IEA announces tapping into the SPR for 60 Million barrels of crude to replenish the product that was shut down in Libya. The U.S. is to release 30 Million barrels. One thought is that the drop in energy prices could stimulate this sluggish economy. I'm not sure how that helps the employment situation which is, in my opinion, the major issue.

Yearly Russell re-balancing and the end of the quarter is likely to create some influx in
volume as portfolio managers shift their holdings.

The sell off Thursday was, as usual, over done. Late short covering brings things back to a level of normalization but is still jittery going into the weekend. Remain cautious as news comes out Tuesday and Thursday of the Greek austerity plan.

Please feel free to add your comments to info@quant-trad.com

Trade Wisely and With Care ...Pete

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Weekly Release of NEWS YOU CAN USE

Economic Releases (All Times EST)

June 27 through July 01, 2011

   Monday, 06/27/11

•   8:30 AM: Personal Income and Outlays
•   11:00 AM: 4 week Bill Announcement
•   11:30 AM: 3 & 6 Month Bill Auction
•    1:00 PM: 2-Year Note Auction

   Tuesday, 06/28/11

•   7:45 AM: ICSC-Goldman Store Sales
•    8:55 AM: Redbook
•   9:00 S&P Case Shiller HPI
•   10:00 AM: Consumer Confidence, Richmond Fed Manufacturing Index
•   10:00 AM: State Street Investor Confidence
•   11:30 A.M. 4 & 52 Week Bill Auction
•   1:00 PM: 5-Year Note Auction

   Wednesday, 06/29/11

•   7:00AM: MBA Purchase Applications
•   10:00 AM: Pending Home Sales
•   10:30 AM: EIA Petroleum Status Report
•   1:00 PM: 7-Year Note Auction  
•   3:00 PM: Farm Prices

   Thursday, 06/30/11

•   8:30 AM: Jobless Claims
•   9:45 AM: Bloomberg Consumer Comfort Index, Chicago PMI
•   10:30 AM: EIA Nat Gas
•   11:00 AM: Kansas City Fed Index
•   11:00 AM: 3 & 6 Month Bill Announcements  
•   4:30 PM: Money Supply

   Friday, 07/01/11

•   10:00 AM: Construction Spending, ISM Manufacturing Index

WEEKLY RELEASE OF COMMODITY CLUES

“Praemonitus, Preaeumnitus”

Quant Trades’ Version; "4WARNED IS 4ARMED"

June 27 to July 01, 2011 (all times CEN)

   Monday, 06/27/11                                                                                                                          

•   Personal Income 7:30 A.M.
•   Export Inspections 10:00 A.M.
•   Weekly Crop Progress 3:00 P.M.
•   LTD: June Tocom Gold, Platinum, Palladium, Silver
•   LTO: July NY METALS and Energies

   Tuesday, 06/28/11  

•   9:00 AM: Consumer Confidence
•   3:30 PM: API Energy Reports
•   LTD June Copper, Long Guilt
•   LTD: N.Y. Metals , July Nat Gas

   Wednesday, 06/29/11

•   EIA Energy stocks 9:30
•   Farm Prices 2:00 PM
•   FND July ICE Heating Oil, Nat Gas, NY Nat gas
•   LTD Futures and Options: June Hang Seng, H-Shares

   Thursday, 06/30/11

•    Planted Acreage, Grain Stocks 7:30 AM
•   Export Sales, Weekly Claims  7:30
•   Chicago PMI 9:00
•    Gas storage 9:30
•   FND: All U.S. and Canadian Grains, NY Metals
•   LTD: June 2-Yr, 3-Yr, 5-Yr Notes, Fed Finds, Cattle, Milk, Tocom Crude, Sugar-11
•   LTD: July Brazilian Real, Heating Oil, RBOB, Sicom Rubber
•   LTO: June Fed Funds, Milk, Brazilian Real Euro Bobl, Euro Bund, Euro Schatz
•    London Cocoa, Lumber, TSE JGB

   Friday,  07/01/11

•    Canada Day
•   Dairy Product Prices  7:30
•   Construction Spending, ISM Manufacturing Index 9:00
•   FND: July London Coffee, OJ, Sugar-11
•   LTO July Aussie 90 Day Bills, Butter, Cattle, Bellies
•   LTO: Aug ICE Cocoa, LONDON White Sugar

Government and Exchange dates can change without notice, for 2 Yr. Notes Dates are Subject to change based on U.S. Treasury choice on Note Issue Day.

Quant Trade LLC provides this for informational purposes only. The information contained herein has been compiled from sources deemed to be reliable and accurate to the best of our knowledge. Quant Trade LLC cannot guarantee its accuracy. This information is subject to change at any time. All information contained should be independently verified. Quant Trade does not accept any liability for any loss or damage caused by reliance on this information.

Risk Disclosure Statement:

The risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market. Past performance is not indicative of future results. We recommend that you learn more from the Commodity Futures Trading Commission (CFTC) or the National Futures Association.

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