March 22, 2017, 02:08:08 PM by TradersCom
Views: 448 | Comments: 2

EIA's Weekly Gas Storage Report Report Date: 3/16/17
Release Time: Thursday 16 Mar 2017 - 16:30 GMT 10:30 ET

More Natural gas volatility this week much ado about option plays, Nuke chatter and production confusion. Last week’s weather was 126 percent colder than the same week in 2016 and 63 percent colder than the five-year average. Next few weeks the shoulder season kicks in.

Consensus is for a Draw of -156Bcf, which would be the third highest on record. Caution though as Bentek notes the south-central salt and nonsalt facilities have been defying predictions with diverging flows. LNG feedgas volumes averaged 1 Bcf/d stronger in the SouthEast. Bentek’s Flow Model sees a draw of 155 with the SD Model at -160 Bcf.

Market Expectations
Actual -150Bcf Prior Actual - 53Bcf
Consensus Forecast  - 156 Bcf
Cons. Range: -138 to -169 Bcf
EIA swap: - 158 to - 161 @ CT 15.13

Last Week's Report -53 Bcf #TCNG
March 22, 2017, 08:38:09 AM by TradersCom
Views: 347 | Comments: 1

Fitch downgrades KSA to A+ from AA-, outlook stable

Saudi Arabia has been on a whirlwind branding exercise lately with the Prince sitting down with President Trump and the King spruiking deals in Japan, China and South Korea. We have had all the grandiose Aramoco IPO talk. Here we wonder at he reality level over in the Kingdom. Perhaps Fitch will awaken some.
"The downgrade of Saudi Arabia's Long-Term IDRs reflects the continued deterioration of public and external balance sheets, the significantly wider than expected fiscal deficit in 2016 and continued doubts about the extent to which the government's ambitious reform programme can be implemented," Fitch says.

"Fitch believes rivalries within the royal family could become a source of instability."
View Prev Week Report & Analysis.
March 21, 2017, 06:12:18 PM by ThePitBoss
Views: 369 | Comments: 0

Freight service company FedEx (FDX) reported fiscal third-quarter earnings Tuesday after the close. FedEx and UPS are key components over the US economy given the circle of influence with transportation, consumers and fuel prices. The earnings unexpectedly fell from a year earlier for the time in four years.

Earnings: Adjusted EPS of $2.35 v. expected EPS of 2.62. Revenue rose 18% to $15 billion v. expected $14.986 billion. Note their quarter began on Dec. 1, thus includes much of FedEx's key holiday shopping season.

Reaction: FedEx NYSE: FDX After-hours: 196.10 +4.26 (+2.22%)

March 21, 2017, 02:24:24 PM by TradersCom
Views: 644 | Comments: 4

DOE Weekly Petroleum Status Report Date: 3/17/17

Market Expectations
Crude  4954K vs exp Build+2801k Prior -237k API +4500k
Cushing +1419K vs exp Build +1539k Prior  +2130K API +1970k
Gasoline -2811K vs exp Draw -2008k Prio r-3055K API -4930k
Distillate -1910K vs exp Draw -1386k Prior -4229K API -883k
Refinery utilization +2.3% exp +0.2 Prior -0.8%
Weekly production +0.2% w/w and +1.0% y/y to 9.129mbpd Prior +0.2% w/w to 9.109 mbpd 
Imports   -167k Prior -470k
Note in bbls *exp = Reuters poll est except Cushing

View Prev Week Report & Analysis.
March 21, 2017, 11:24:49 AM by TradersCom
Views: 341 | Comments: 1

Just when the market was getting used to President Donald Trump running amok at all hours out pops a Federal Reserve Governor Neel Kashkari. Kashkari is one of our favorites at Traders Community, hes says what he thinks, backs it up with his workings and seems not afraid to question that Status Quo. Make sure you follow Neel Kashkari‏ @neelkashkari and #AskNeel

Not sure how Chairwoman Yellen thinks about it, nor some of the older staid governors. In a risk off day the markets have reacted down, with S&P 500 futures 30 handles off their high and the USD dollar getting taken out behind the woodshed by the yen. We think this is more a reaction to mainstreet getting antsy. 
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What’s ahead this week:
Mar 21   Current Account Balance
Mar 22   MBA Mortgage Applications Index
Mar 22   MBA Mortgage Index
Mar 22   FHFA Housing Price Index
Mar 22   Existing Home Sales
Mar 22   Crude Inventories
Mar 23   Initial Claims
Mar 23   Continuing Claims
Mar 23   New Home Sales
Mar 23   Natural Gas Inventories
Mar 24   Durable Orders
Mar 24   Durable Goods -ex transportation

Global stocks gained $906bn in mkt cap this week, equals GDP of Indonesia as great rotation into equities continues following strong US data


One of the most important charts of 2016
via @topdowncharts   

Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year
via @vexmark   

Is Bitcoin the new safe haven. Digital currency keeps rising while Gold prices keep falling.
via @Schuldensuehner

Japan's central bank has purchased enough stock to completely offset sales by foreigners

via @HayekAndKeynes

US IPO activity has gone into decline