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USD/JPY Forecast: Fed Focus Limits Free Movement
Monday, December 17, 2018 - 2:55pm | 547USD/JPY is trading in a narrow range as the last full week of the year commences. Tension towards the all-important Fed decision limits movements. The technical picture is decidedly mixed for the pair. USD/JPY is trading just below 113.50, not going anywhere fast. The light calendar on Monday no...
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Benzinga Market Primer: Thursday, August 15: Futures Lower After Cisco Earnings, Weaker Dollar
Thursday, August 15, 2013 - 6:37am | 1190Futures Lower After Cisco Earnings, Weaker Dollar U.S. equity futures traded slightly lower in early pre-market trade following some weak guidance from Cisco (NASDAQ: CSCO) for the upcoming quarter and as the dollar traded lower. Also, some weak earnings in Europe weighed on sentiment. Top News...
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Benzinga Market Primer: Monday, July 15: China Reports Weak GDP
Monday, July 15, 2013 - 6:37am | 1060Futures Rise Despite Weak China GDP U.S. equity futures gained in early pre-market trade despite weak GDP data from China. China reported second quarter GDP grew 1.7 percent in the quarter, worse than the expected 1.8 percent growth rate. However, the annualized figure posted at 7.5 percent growth...
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New York Manufacturing Expands On Uptick In Prices
Monday, June 17, 2013 - 3:31pm | 335The Empire State Manufacturing Index, the broad measure of manufacturing activity with the New York Fed's region, unexpectedly rose in the beginning of June from May. However, the internals in the report point to an uptick in pricing as the driver of the increase as key internal indicators were...
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Benzinga Market Primer: Monday, June 17
Monday, June 17, 2013 - 7:04am | 841Futures Gain On Fed Hopes U.S. equity futures advanced in early pre-market trade ahead of the much anticipated FOMC meeting this week, which concludes Wednesday. Despite recent fears of tapering, the Fed is expected to downgrade its economic forecasts near consensus economist forecasts which could...
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Weekly Preview: Fed In Focus as Tapering Fears Mount
Friday, June 14, 2013 - 3:44pm | 2219Next week, the Fed's policy statement, updated forecasts and Press Conference with Chairman Ben Bernanke will be closely watched. Key earnings from companies including FedEx (NYSE: FDX), Micron Technology (NASDAQ: MU), and Oracle (NASDAQ: ORCL) will also be watched. Key Earnings Earnings from...
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Benzinga Market Primer: Wednesday, May 15
Wednesday, May 15, 2013 - 6:45am | 1078Futures Lower on Weak European Growth Data U.S. equity futures traded lower in early pre-market trade following a weaker than expected GDP report from the eurozone for the first quarter. GDP growth rose to -0.2 percent on a quarterly basis from -0.6 percent but missed forecasts of a 0.1 percent...
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Benzinga Market Primer: Monday, April 15: Tax Day Edition
Monday, April 15, 2013 - 6:35am | 1074Futures Lower on Weak Chinese Economic Data U.S. equity futures traded sharply lower in the pre-market following Friday's sell off on weaker than expected economic data from China. China reported that first quarter GDP grew at a 7.7 percent annualized rate vs. 8.0 percent expected, while...
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Benzinga Market Primer: Friday, March 15: Quadruple Witching Day
Friday, March 15, 2013 - 6:43am | 840Futures Flat On Bank of Japan Confirmations, European Summit, Quadruple Witching U.S. equity futures were little changed in early pre-market trade as the latest European summit to target growth continued and the Japanese upper house of parliament approved the three new Bank of Japan board member...
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Benzinga Market Primer: Friday, February 15
Friday, February 15, 2013 - 7:25am | 844Futures Lower as G20 Condemns Yen Moves, Euro Fears Remain U.S. equity futures traded lower in pre-market trade as the G20 nations condemned Japan's moves on the yen in favor of market determined exchange rates. Leaders from the 20 economies are looking for common ground to make a formal joint...