We hope everyone has a wonderful holiday, and would like to remind you that all reports will resume being posted on Monday.

Please be safe and remember, don’t drink and drive!

Thursday, December 17, 2009
Weekly jobless claims come in at -7K to 480K. A bit more than forecast but below 500K. Continuing claims 5.2 million.
Leading Eco Indicators and Philly Fed at 10.
Overnight, FedEx warns of a miss on earnings. FedEx is often seen as emblematic of general business activity.
Maybe more importantly, the market turned its focus [...]

12.16.09
Consumer Price Index comes in at 0.4% with Housing Starts better by 574K. These numbers are within the range of expectations.
The Crude Inventories out at 10:30.
Of course the big event is the conclusion of the Federal Open Market Committee meeting at 2:15 and its communiqué. Tread lightly. Quantum market moves possible. While it’s widely believed, [...]

Friday, December 11, 2009
Retail sales come in better than expected and this gives early support to equities but little else. Michigan consumer confidence out at 9:55. Remember that Dec currencies come off early Monday morning so roll or flatten out.
Yen lower on unwinds of risk aversion trades.
The dollar should remain systemically strong into year end [...]

Thursday, December 10, 2009
Today is rollover day in December stock index futures. March is now the front month. Also, December currencies will come off the board on Monday morning (first thing) so we now will be tracking the March futures. Be out of Dec currencies Friday as it’s too easy to forget about the Monday [...]

Tuesday, December 8, 2009
German industrial production drops unexpectedly and rating agencies are emphasizing deficits as debt service becomes more difficult with deteriorating public finances, this according to Moody’s.
Wholesale inventories at 10.
New email application so sorry for the delay.

Current views, speculations and suggestions
(good till close of business today). These are technical in nature only, not [...]

12.07.09
The unemployment number surprisingly came in at 10% with a job loss of just 11K versus an expectation of negative 125K with a downward revision in the previous month. This was enough to seed the idea that the recession was over and that the Fed may now look towards the moment to raise rates. With [...]

12.04.09
The unemployment number comes in at 10% with a job loss of just 11K versus an expectation of negative 125K with a downward revision in the previous month. Average hourly work hours also expand. This sends equities higher. Layoff pace slows. This report is better than most estimates and will create a re-balancing with short [...]

12.03.09
Weekly unemployment claims come in at -5k at 457K for the second consecutive better reading and productivity stands at 8.1%.
Overnight, the ECB leaves rates unchanged and the market awaits Trichet’s presser regarding possible beginning of stimulus withdrawal.
The Fed Chairman will be in front of the Senate Banking Committee looking to start the renomination process.
Gold churns [...]

11.27.09
No eco releases today but markets extremely volatile anyway. Dubai debt reschedule really shook up the troops in an illiquid moment due to the holiday. Check with trading desks about potential early closings. Gold going into first notice day. Europe starting to rebound.

Current views, speculations and suggestions
(good till close of business today). These are [...]

Happy Thanksgiving Everyone! Reports and commentary will resume being posted tomorrow.
-Futures Portal Team