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 | EURGBP| GBPJPY | 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 BOND| SOYBEANS | 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%
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
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
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
