30 March 2015

FKLI will likey open near its Friday's closing.  For the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

📝 This week will focus on:
(1) whether Greece by today’s deadline produces a list of sufficient reforms to qualify to receive its frozen bailout payment and stave off insolvency.
(2) whether there is any type of political agreement by Tuesday’s deadline on Iran’s nuclear program
(3) will Yemen deteriorates into a broader conflict that disrupts oil production or oil transportation.

🇺🇸 Chair Janet Yellen said she expects the Federal Reserve to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path.

🇺🇸 U.S. equities rallied in the final 30 minutes on the Intel news. The company is in talks to acquire Altera,  it could be the chipmaker’s largest-ever purchase.

🇺🇸 U.S. Q4 GDP at 2.2% annualized, weaker than expectations for an upward revision to 2.4%.

🇺🇸  The final-March U.S. consumer sentiment index from the University of Michigan rose +1.8 to 93.0, stronger than expectations of +0.8 to 92.0.

🇯🇵 Japan Feb national CPI rose +2.2% y/y, weaker than expectations of +2.3% y/y and the slowest rate increase in 11 months.

⛽️ U.S. oil rigs fell by the smallest number in 15 weeks, a potential sign that America's oil-drilling crash may be tapering. The U.S. will pump 9.3 million barrels a day this year, the most since 1972, despite the fewest rigs in the field in almost four years, according to the Energy Information Administration. 

⛽️ Crude oil fell sharply on Fridays as the weaker-than-expected U.S. Q4 GDP, which signals reduced energy demand and consumption, and reduced fears that Saudi Arabia’s air strikes against Shiite Houthi rebels in Yemen will disrupt crude supplies from the Middle East.

👑 Gold closed lower as reduced demand for gold as an inflation hedge after Japan Feb CPI eased to an 11-month low.

🌴 FCPO closed lower in tandem with China Dalian futures and Soyoil. Lower cash market also undermined sentiment. Market will be looking towards the 1-31 March exports and USDA planting reports for incentive in this week. Prices continued to be sideway movement.