Thursday, November 6, 2014

THURSDAY 11/6/14; Russian Ruble Collapse; BOE Rate Decision; ECB Rate Decision and Press Conference; Challenger Job Report; WEN; KATE; Productivity and Costs; Hong Kong Unrest; SPX, INDU and TRAN All-Time Highs; DIS

The dollar/yen pair moves above 115 indicating a weakening yen but then tumbles through 115 down to 114.70 so the stronger yen pounds the NIKK-0.9%  lower. Troubled airbag manufacturer Takata ann














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............... the results. BAC takes a token -1% drop in AH trading but will probably recover like C did last week. Which bank is next to adjust their Q3 earnings numbers?

AMZN announces a new product called “Echo” via TWTR. Echo is a 9-inch long cylinder that is a voice-activated assistant and speaker. As the AH trading continues, BAC recovers to only a marginal loss. Global traders may move markets sideways overnight waiting for the all-important US Monthly Jobs Report in the morning.

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