On Friday 8 Jan 2009, the job loss outcome is 524,000 in Dec which bringing the total unemployment close to 2.75 million. The traders makes use of this figure and the bad news on oil industry to let the DOW further down to 8599.18 – 148.28 (-1.64%)
The Oil related shares really seeing red as both the OIL tried reaching 39
DO - 64 change to 61.76
CVX - 74 change to 72.8
NXY - 18 change to 17.4
The oil price most nicely will be going to 35 direction because
1) GAZA most likely will end the war as Obara on broad
2) the future will be settlement on around 21 Jan 2008
According to Dec experience, the price is will at the lowest on the future settlement day. Once it finished it will climb bad higher.
So aware on all those Oil price and buy more around 35 through DXO and take a look on the oil shares too.
on 12 Jan 2009, the HK Market following the negative direction of US market.
Japan market is on holiday. China Shanghai Market is up in the morning but lost the positive figure by closing at 1900.35 – 4.51 (0.24%) The trade volume is around 595M. In Shanghai Market, the price of BANK of China is 2.97 – 0.34% and ICBC is 3.56 – 0.56% . However in HK Market the 3988 is 1.84 –0.12 (-6.122%) and 1398 is 3.46 – 0.19 (-5.205%).
On friday night in US market, the XNHUA IDX ETF (FXI ) is already ran at opposite direction of A50 and China Market in Friday performance. The Shanghai and A50 was running positive. However at night in US market, the FXI is open high at 28.40 and – 27.80. It may be the indicator that the foreigner investor is on selling side of HK market especially in H shares.
In HK Market, the HS Index is open at highest at 14309 and close at 13971 and once bottom at 13895. The banking sector lost 3.41% and China Corp index lost 5.34%. The HS turnover volume is 462 M, the HSBC transaction volume is 9.276M, 3988 is 1724M and 1398 is 591M.
The Dow future in morning time do not have much movement, it may because of Japan holiday and in the afternoon at 4:54 pm is –9 at 8514 and S&P future is –2 at 883.50.
The crude oil is 39.39 - 1.4 with open at 40.55
The Gold is 845 – 10 with open at 856.1
For Currency
The USD JPY do not have movement keep at 90.13
BUT both EUR and GBP is further down in day time. At 4:57 pm 1.3354 and 1.4927
About US Earning announcements 12-Jan 2008
ALCOA inc AA Q4 2008 EPS Estimated – 0.10
No special report will be release in US market.
I quess tonight USD market will have less movement. However there will big movement in currency market, the pound will retreat as trader will use the bad economic trader to push GBP
Let me check whether I am correct tomorrow. : )
Today there is the following report release
International
International Calendar of Economic Events
All times are in Eastern Time.
This Week: January 12 - January 16, 2009
Monday, January 12, 2009
2:00 a.m. GER: Nov Mfg turnover
6:00 a.m. FRA: Nov OECD Standardized Unemployment Rates
8:00 a.m. FRA: Nov OECD Composite Leading Indicators
8:30 a.m. CAN: Nov New House Prices Y/Y Previous: +1.5%
6:50 p.m. JPN: Dec Money Stock, Broadly-defined Liquidity, M2 (Money Stock) Expected: +1.7% Previous: +1.7%
6:50 p.m. JPN: Dec Bank Lending (on year) Previous: +3.6%
6:50 p.m. JPN: Dec Intl Transactions in Securities
6:50 p.m. JPN: Nov Current Account Balance (on-year change) Expected: -63.06% Previous: -56.5%
6:50 p.m. JPN: 3Q Balance of Payments
7:01 p.m. UK: Dec Retail Sales, Yearly Expected: -0.8 Previous: -0.4%
7:01 p.m. UK: Dec Retail Sales, lfl Expected: -3 Previous: -2.6%
7:01 p.m. UK: Dec RICS UK Housing Market Survey Expected: -73 Previous: -76.5
US Market
Monday, January 12, 2008
No major economic indicators scheduled
Tuesday, January 13, 2008
7:45 a.m. ICSC Chain Store Sales Index For Jan 10: Previous: -1.4%.
8:30 a.m. Nov Budget Balance: Expected: -$52.0B. Previous: -$57.19B.
8:55 a.m. Redbook Retail Sales Index For Jan 10: Previous: -0.6%.
2:00 p.m. Dec Federal Budget Balance: Previous: -$164.4B.
5:00 p.m. ABC/Wash Post Consumer Conf For Jan 10: Previous: -49.
The Oil related shares really seeing red as both the OIL tried reaching 39
DO - 64 change to 61.76
CVX - 74 change to 72.8
NXY - 18 change to 17.4
The oil price most nicely will be going to 35 direction because
1) GAZA most likely will end the war as Obara on broad
2) the future will be settlement on around 21 Jan 2008
According to Dec experience, the price is will at the lowest on the future settlement day. Once it finished it will climb bad higher.
So aware on all those Oil price and buy more around 35 through DXO and take a look on the oil shares too.
on 12 Jan 2009, the HK Market following the negative direction of US market.
Japan market is on holiday. China Shanghai Market is up in the morning but lost the positive figure by closing at 1900.35 – 4.51 (0.24%) The trade volume is around 595M. In Shanghai Market, the price of BANK of China is 2.97 – 0.34% and ICBC is 3.56 – 0.56% . However in HK Market the 3988 is 1.84 –0.12 (-6.122%) and 1398 is 3.46 – 0.19 (-5.205%).
On friday night in US market, the XNHUA IDX ETF (FXI ) is already ran at opposite direction of A50 and China Market in Friday performance. The Shanghai and A50 was running positive. However at night in US market, the FXI is open high at 28.40 and – 27.80. It may be the indicator that the foreigner investor is on selling side of HK market especially in H shares.
In HK Market, the HS Index is open at highest at 14309 and close at 13971 and once bottom at 13895. The banking sector lost 3.41% and China Corp index lost 5.34%. The HS turnover volume is 462 M, the HSBC transaction volume is 9.276M, 3988 is 1724M and 1398 is 591M.
The Dow future in morning time do not have much movement, it may because of Japan holiday and in the afternoon at 4:54 pm is –9 at 8514 and S&P future is –2 at 883.50.
The crude oil is 39.39 - 1.4 with open at 40.55
The Gold is 845 – 10 with open at 856.1
For Currency
The USD JPY do not have movement keep at 90.13
BUT both EUR and GBP is further down in day time. At 4:57 pm 1.3354 and 1.4927
About US Earning announcements 12-Jan 2008
ALCOA inc AA Q4 2008 EPS Estimated – 0.10
No special report will be release in US market.
I quess tonight USD market will have less movement. However there will big movement in currency market, the pound will retreat as trader will use the bad economic trader to push GBP
Let me check whether I am correct tomorrow. : )
Today there is the following report release
International
International Calendar of Economic Events
All times are in Eastern Time.
This Week: January 12 - January 16, 2009
Monday, January 12, 2009
2:00 a.m. GER: Nov Mfg turnover
6:00 a.m. FRA: Nov OECD Standardized Unemployment Rates
8:00 a.m. FRA: Nov OECD Composite Leading Indicators
8:30 a.m. CAN: Nov New House Prices Y/Y Previous: +1.5%
6:50 p.m. JPN: Dec Money Stock, Broadly-defined Liquidity, M2 (Money Stock) Expected: +1.7% Previous: +1.7%
6:50 p.m. JPN: Dec Bank Lending (on year) Previous: +3.6%
6:50 p.m. JPN: Dec Intl Transactions in Securities
6:50 p.m. JPN: Nov Current Account Balance (on-year change) Expected: -63.06% Previous: -56.5%
6:50 p.m. JPN: 3Q Balance of Payments
7:01 p.m. UK: Dec Retail Sales, Yearly Expected: -0.8 Previous: -0.4%
7:01 p.m. UK: Dec Retail Sales, lfl Expected: -3 Previous: -2.6%
7:01 p.m. UK: Dec RICS UK Housing Market Survey Expected: -73 Previous: -76.5
US Market
Monday, January 12, 2008
No major economic indicators scheduled
Tuesday, January 13, 2008
7:45 a.m. ICSC Chain Store Sales Index For Jan 10: Previous: -1.4%.
8:30 a.m. Nov Budget Balance: Expected: -$52.0B. Previous: -$57.19B.
8:55 a.m. Redbook Retail Sales Index For Jan 10: Previous: -0.6%.
2:00 p.m. Dec Federal Budget Balance: Previous: -$164.4B.
5:00 p.m. ABC/Wash Post Consumer Conf For Jan 10: Previous: -49.
Comments