ber 26 Sunday, October 27ay, October 26 Sunday, October 27
ber 26 Date and Time
Event
02/26/2013 08:00
S&P/Ca s e-Shi l l er US HPI YOY% 4Q
Period
Prior 3.64%
02/26/2013 09:00
Cons umer Confi dence
Feb
58.6
02/26/2013 09:00
New Home Sa l es
Ja n
369K
02/26/2013 09:00
New Home Sa l es MoM
Ja n
-7.30%
02/27/2013 07:30
Dura bl e Goods Orders
Ja n
4.60%
02/27/2013 09:00
Pendi ng Home Sa l es YoY
Ja n
4.90%
02/28/2013 07:30
GDP QoQ (Annua l i zed)
4Q S
-0.10%
02/28/2013 07:30
Ini ti a l Jobl es s Cl a i ms
24-Feb
362K
• • •
FOMC: Minutes were released. The Fed’s bond buyback program came under question. US equity markets fell on the possibility of an end in the near future. Obama: Received his highest approval rating since 2009. Now 55% of Americans approve of the President. This will provide him leverage in the budget showdown. Jobless Claims: For the first time in three weeks, new applications unexpectedly rose. Claims increased by 20,000 to 362,000 in the week ending February 16th.
Sunday, October 27ay, October 26 Sunday, October 27 • Li bor Li bor USD 1M Li bor USD 2M Li bor USD 3M Ca s h Ma rkets Fed Funds Ra te Trea s ury Repo O/N Money Ma rkets USD s wa p 2 yr USD s wa p 5 yr USD s wa p 10yr Vol a ti l i ty VIX Index Commodi ti es Gol d Futures Crude Futures Na t Ga s Futures CRB Index (US Spot) Equi ty Indi ces S&P 500 Futures Dow Futures Ri g Counts Smi th Bi ts Ga s Ri gs Smi th Bi ts Oi l Ri gs Smi th Bi ts US Tota l Swa p Ra tes USD Swa p Sprea d 2yr USD Swa p Sprea d 5yr Trea s ury Ra tes US Trea s ury 2 yr US Trea s ury 10 yr
Ken Hogan SVP, Head of FX
La s t Pri ce 0.2027 0.245 0.2881 La s t Pri ce 0.16 0.14 La s t Pri ce 0.395 0.98 2.039 La s t Pri ce 14.61 La s t Pri ce 1572.5 92.87 3.258 479.46 La s t Pri ce 1508.2 13925 La s t Count 363 1283 1646 La s t Pri ce 14.81 15.25 La s t Pri ce 0.2459 1.9653
5 da y cha nge 0.0005 -0.0015 -0.002 5 da y cha nge -0.01 -0.01 5 da y cha nge -0.0268 -0.0275 -0.0188 5 da y cha nge 2.56 5 da y cha nge -58.8 -4.52 0.089 -4.47 5 da y cha nge -11.3 -19 Previ ous 368 1285 1653 5 da y cha nge -0.85 -0.12 5 da y cha nge 0.0161 -0.026
Nader Adeeb VP, FX Trading
Bloomberg FXET: CADB SWIFT: CDBKUS44 [email protected] + 713-871-4061 www.cadencebank.com
•
• •
• •
Crude Production: Continues to rise with better horizontal drilling and fracking. US output is now at 7.06 million barrels daily. That’s 21% higher than February 2012. MLP: Kinder Morgan and its peers are again in the government crosshairs. Corporate income tax exempt MLP’s are estimated to cost the US over $5.4B in the four years ending 2015.
FDIC: Released its 2nd annual survey of Unbanked & Underbanked Households showing that 8.2% of households have no bank relations and 20.1% are underbanked. This may continue to slow recovery in the United States. Loans & Deposits: Since the financial crisis, large domestic banks (JP, Citi, Wells) are lending less than ever. The chart below shows the trending decline in their loan/deposit ratios and the increase in core deposits (nearing $5 trillion).
New Zealand: Reserve Bank Governor admonished on the strength of the Kiwi and its negative impact. The Kiwi has appreciated 45% since 2008 relative to the USD. Japan: Last week’s comments by Abe were all talk, no action. Yen has not moved.
Event
02/26/2013 08:00
S&P/Ca s e-Shi l l er US HPI YOY% 4Q
Period
Prior 3.64%
02/26/2013 09:00
Cons umer Confi dence
Feb
58.6
02/26/2013 09:00
New Home Sa l es
Ja n
369K
02/26/2013 09:00
New Home Sa l es MoM
Ja n
-7.30%
02/27/2013 07:30
Dura bl e Goods Orders
Ja n
4.60%
02/27/2013 09:00
Pendi ng Home Sa l es YoY
Ja n
4.90%
02/28/2013 07:30
GDP QoQ (Annua l i zed)
4Q S
-0.10%
02/28/2013 07:30
Ini ti a l Jobl es s Cl a i ms
24-Feb
362K
• • •
FOMC: Minutes were released. The Fed’s bond buyback program came under question. US equity markets fell on the possibility of an end in the near future. Obama: Received his highest approval rating since 2009. Now 55% of Americans approve of the President. This will provide him leverage in the budget showdown. Jobless Claims: For the first time in three weeks, new applications unexpectedly rose. Claims increased by 20,000 to 362,000 in the week ending February 16th.
Sunday, October 27ay, October 26 Sunday, October 27 • Li bor Li bor USD 1M Li bor USD 2M Li bor USD 3M Ca s h Ma rkets Fed Funds Ra te Trea s ury Repo O/N Money Ma rkets USD s wa p 2 yr USD s wa p 5 yr USD s wa p 10yr Vol a ti l i ty VIX Index Commodi ti es Gol d Futures Crude Futures Na t Ga s Futures CRB Index (US Spot) Equi ty Indi ces S&P 500 Futures Dow Futures Ri g Counts Smi th Bi ts Ga s Ri gs Smi th Bi ts Oi l Ri gs Smi th Bi ts US Tota l Swa p Ra tes USD Swa p Sprea d 2yr USD Swa p Sprea d 5yr Trea s ury Ra tes US Trea s ury 2 yr US Trea s ury 10 yr
Ken Hogan SVP, Head of FX
La s t Pri ce 0.2027 0.245 0.2881 La s t Pri ce 0.16 0.14 La s t Pri ce 0.395 0.98 2.039 La s t Pri ce 14.61 La s t Pri ce 1572.5 92.87 3.258 479.46 La s t Pri ce 1508.2 13925 La s t Count 363 1283 1646 La s t Pri ce 14.81 15.25 La s t Pri ce 0.2459 1.9653
5 da y cha nge 0.0005 -0.0015 -0.002 5 da y cha nge -0.01 -0.01 5 da y cha nge -0.0268 -0.0275 -0.0188 5 da y cha nge 2.56 5 da y cha nge -58.8 -4.52 0.089 -4.47 5 da y cha nge -11.3 -19 Previ ous 368 1285 1653 5 da y cha nge -0.85 -0.12 5 da y cha nge 0.0161 -0.026
Nader Adeeb VP, FX Trading
Bloomberg FXET: CADB SWIFT: CDBKUS44 [email protected] + 713-871-4061 www.cadencebank.com
•
• •
• •
Crude Production: Continues to rise with better horizontal drilling and fracking. US output is now at 7.06 million barrels daily. That’s 21% higher than February 2012. MLP: Kinder Morgan and its peers are again in the government crosshairs. Corporate income tax exempt MLP’s are estimated to cost the US over $5.4B in the four years ending 2015.
FDIC: Released its 2nd annual survey of Unbanked & Underbanked Households showing that 8.2% of households have no bank relations and 20.1% are underbanked. This may continue to slow recovery in the United States. Loans & Deposits: Since the financial crisis, large domestic banks (JP, Citi, Wells) are lending less than ever. The chart below shows the trending decline in their loan/deposit ratios and the increase in core deposits (nearing $5 trillion).
New Zealand: Reserve Bank Governor admonished on the strength of the Kiwi and its negative impact. The Kiwi has appreciated 45% since 2008 relative to the USD. Japan: Last week’s comments by Abe were all talk, no action. Yen has not moved.
