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Federal Reserve Presidents Hint at More Stimulus

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U.S. stock index futures are higher as several Federal Reserve presidents hint at more stimulus.

The 2:00 central time May consumer credit report is expected to show an $18.3 billion decline.

Stock index futures continue to perform well for the news.

Also, the technical picture remains positive for stock index futures.


The U.S. dollar is higher, as interest rate differential expectations remain slightly bullish on balance for the greenback.

Japan’s June bank lending increased 6.5% on the year.

The Canadian dollar and the Australian dollar are lower in spite of higher crude oil prices.


Some flight to quality longs are being liquidated in light of higher stock index futures.

The yield on 10-year Treasury notes increased to 0.654% from 0.648% on Tuesday.

The Treasury will auction 10-year notes today.

Raphael Bostic of the Federal Reserve will speak at 11:15.

According to financial futures markets there is a 95.6% probability that the Federal Open Market Committee will leave its fed funds rate unchanged at zero to 25 basis points at its July 29 policy meeting.


Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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