Fiat Chrysler - Chart of the Day

Fiat Chrysler Automobiles (FCAU) is the Barchart Chart of the Day.  The international auto producer has a Trend Spotter buy signal, a Weighted Alpha of 190.70+ and gained 174.92% in the last year.

The Chart of the Day belongs to Fiat Chrysler Automobiles (FCAU).  I found the international auto stock by using Barchart to sort today's All Time High list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy in 8/14 the stock gained 42.70%.

Fiat Chrysler Automobiles NV operates as an international automotive company. It is engaged in designing, engineering, manufacturing, distributing and selling vehicles and components and production systems. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. It also produces metallurgical products and production systems for the automobile industry, and owns publishing and insurance companies. Fiat Chrysler Automobiles NV is based in United Kingdom.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 190.70+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 11 new highs and up 33.48% in the last month
• Relative Strength Index 88.61%
• Technical support level at 17.22
• Recently traded at 17.95 with a 50 day moving average of 13.86

Fundamental factors:

• Market Cap $26.70 billion
• P/E 8.07
• Revenue expected to grow 3.50% this year and another 2.80% next year
• Earnings estimated to increase 85.80% this year, an additional 12.60% next year and continue to compound at an annual rate of 18.16% for the next 5 years
• Wall Street analysts issued 3 strong buy, 1 buy, 1 hold and  sell recommendation on the stock

QuinStreet - Chart of the Day

QuinStreet (QNST) is the Barchart Chart of the Day.  The online direct marketing company has a Trend Spotter buy signals, a Weighted Alpha of 180.29 and gained 137.30% in the last year.

The Chart of the Day belongs to QuinStreet (QNST).  I found the online direct marketing stock by using Barchart to sort today's Top Stock to Own list first by the highest Weighted Alpha, then again for technical buy signals of 80% or more.

QuinStreet Inc, is a provider of online direct marketing and media services. The Company offers online messaging, email broadcasting, search engine marketing, and brand management services. It caters to education, financial services, healthcare, advertising, and tourism sectors. QuinStreet, Inc. also operates web portal which offers comprehensive consumer information service and companion insurance brokerage service to self-directed insurance shoppers. The Company vigilantly manages brand and regulatory compliance using proprietary technologies and staff. It does not support or use spyware, spam, or promotions that cheat customers. QuinStreet Inc. is headquartered in Foster City, California.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 180.29+ Weighted Alpha
• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 62.91%
• Relative Strength index 88.12%
• Technical support level at 7.17
• Recently traded at 7.38 with a 50 day moving average of 4.60

Fundamental factors:

• Market Cap $326 million
• Revenue expected to grow 10.00% this year and another 5.70% next year
• Earnings estimated to increase 90.90% this year, an additional 14.30% next year and continue to compound at an annual rate of 46.53% for the next 5 years
• Only 1 Wall Street analyst is following the stock and rates it a strong buy
• So yo have more data - The individual investors following the stock on Motley Fool voted 20 to 8 that the stock will beat the market

#QNST

Morning Call 9/21

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down -0.02% with mining stocks leading losses in the overall market as metals prices decline with Dec COMEX gold (GCZ17 -1.51%) down -1.48% to a 3-1/2 week low and Dec COMEX copper (HGZ17 -1.18%) down -0.94% to a 1-month low. Metals prices retreated after the Fed signaled Wednesday afternoon, after metals markets had closed, that it will start trimming its balance sheet next month and projected another interest rate increase for this year. European stocks are up +0.55% at a 2-1/2 month high due to a rally in bank stocks and insurance companies on rising bond yields as the 10-year German bund climbed to a 1-1/2 month high of 0.484%. Asian stocks settled mostly lower: Japan +0.18%, Hong Kong -0.06%, China -0.24%, Taiwan +0.56%, Australia -0.94%, Singapore -0.13%, South Korea -0.07%, India -0.09%. Chinese stocks fell back after S&P Global Ratings cut China's sovereign credit rating by one step to A+ from AA-, citing the risks from soaring debt. Japan's Nikkei Stock Index rallied to a new 2-year high after the BOJ kept its benchmark interest rate at a record low and maintained its QE program. The divergence in monetary policies between the Fed and BOJ also weakened the yen, which boosted Japanese exporter stocks as USD/JPY climbed to a 2-month high.

The dollar index (DXY00 +0.03%) is down -0.06%. EUR/USD (^EURUSD) is up +0.08%. USD/JPY (^USDJPY) is up +0.29% to a 2-month high.

Dec 10-year T-note prices (ZNZ17 +0.01%) are up +1 tick.

As expected, the BOJ kept its benchmark interest rate at -0.1% and said it will maintain its purchases of government bonds to keep the 10-year bond yield at about zero percent.

S&P Global Ratings cut China's sovereign credit rating by one step to A+ from AA-, the first cut since 1999, saying "China's prolonged period of strong credit growth has increased its economic and financial risks."

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +16,000 to 300,000, previous -14,000 to 284,000) and continuing claims (expected +31,000 to 1.975 million, previous -7,000 to 1.944 million), (2) Sep Philadelphia Fed business outlook index (expected -1.7 to 17.2, Aug -0.6 to 18.9), (3) Jul FHFA house price index (expected +0.4% m/m, Jun +0.1% m/m), (4) Aug leading indicators (expected +0.3%, Jul +0.3%), (5) Treasury auctions $11 billion of 10-year TIPS, (6) USDA weekly Export Sales.

Notable Russell 1000 earnings reports today include: none.

U.S. IPO's scheduled to price today: none.

Equity conferences this week: Electronic Design Process Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

PRA Group (PRAA +0.17%) was downgraded to 'Underperform' from 'Market Perform' at Raymond James.

Netflix (NFLX -0.09%) was initiated with a 'Buy' at Buckingham Research Group with a 12-month target price of $214.

Anadarko Petroleum (APC +2.40%) jumped over 4% in after-hours trading after its board authorized a $2.5 billion share repurchase program through the end of 2018.

Nvidia (NVDA -0.81%) slid 2% in after-hours trading after CNBC reported that AMD is working with Tesla on a chip for autonomous driving. Nvidia currently supplies Tesla with graphics processing units.

Advanced Micro Devices (AMD +4.73%) climbed 4% in after-hours trading after it said it was working with Tesla on an AI self-drive chip.

Herman Miller (MLHR unch) lost nearly 2% in after-hours trading after the CEO said the company faces "some challenges resulting from the recent storms in Texas and the South East."

Global Blood Therapeutics (GBT +0.35%) rose 3% in after-hours trading after Needham initiated coverage on the stock with a 'Buy' and a price target of $59.

Juno Therapeutics (JUNO +3.22%) fell over 4% in after-hours trading after it announced a $225 million secondary offering of its common stock.

Amphastar Pharmaceuticals (AMPH -0.13%) gained almost 3% in after-hours trading after the company received approval from the FDA for its sodium bicarbonate injection prefilled syringe system.

GSE Systems (GVP +1.82%) rose 2% in after-hours trading after it purchased Absolute Consulting for $8.75 million in cash.

Blue Apron Holdings (APRN -5.26%) gained 3% in after-hours trading on take-over speculation after Albertsons agreed to purchase Plated, another meal-kit service.

VEON Ltd (VEON -0.71%) dropped 4% in after-hours trading after it announced that Telenor East Holding II is offering for sale 90 million shares of VEON.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 -0.06%) this morning are down -0.50 points (-0.02%). Wednesday's closes: S&P 500 +0.06%, Dow Jones +0.19%, Nasdaq -0.29%. The S&P 500 on Wednesday rose to a new record high and settled higher on the FOMC's confidence in the economy as displayed by its willingness to issue a hawkish interest rate forecast and also raise its 2017 GDP estimate to +2.4% from 2.2%. There was also strength in energy stocks as crude oil prices rose +1.58% to a 3-3/4 month high. Stocks were undercut by the weaker-than-expected U.S. Aug existing home sales report of -1.7% to a 1-year low of 5.35 million (vs expectations of +0.2% to 5.45 million) and the jump in the 10-year T-note yield to a 1-1/2 month high after the FOMC maintained its projection for one more 25 bp rate hike this year and three more next year.

Dec 10-year T-note prices (ZNZ17 +0.01%) this morning are up +1 tick. Wednesday's closes: TYZ7 -11.50, FVZ7 -8.00. Dec 10-year T-notes on Wednesday fell to a 1-1/2 month low and closed lower on the FOMC's projections for one more 25 bp rate hike this year and three more next year and the FOMC's hike in its U.S. 2017 GDP estimate to 2.4% from 2.2%.

The dollar index (DXY00 +0.03%) this morning is down -0.058 (-0.06%). EUR/USD (^EURUSD) is up +0.0010 (+0.08%) and USD/JPY (^USDJPY) is up +0.32 (+0.29%) at a 2-month high. Wednesday's closes: Dollar Index +0.715 (+0.78), EUR/USD -0.0102 (-0.85%), USD/JPY +0.63 (+0.56%). The dollar index on Wednesday rallied to a 2-week high and closed higher on the FOMC's hike in its 2017 U.S. GDP estimate to 2.4% from 2.2% and the FOMC's projections for one more 25 bp rate hike this year and three more rate hikes next year.

Nov crude oil (CLX17 -1.01%) this morning is down -29 cents (-0.57%) and Nov gasoline (RBX17 -0.72%) is -0.0079(-0.49%). Wednesday's closes: Nov WTI crude +0.79 (+1.58%), Nov gasoline +0.0099 (+0.62%). Nov crude oil and gasoline on Wednesday closed higher on the -2.13 million bbl decline in EIA gasoline inventories to a 1-3/4 year low and the -5.693 bbl fall in EIA distillate stockpiles to a 2-year low, more than expectations of -1.95 million bbl.

Metals prices this morning are weaker with Dec gold (GCZ17 -1.51%) -19.5 (-1.48%) at a 3-1/2 week low, Dec silver (SIZ17-1.90%) -0.349 (-2.01%) at a 3-1/2 week low and Dec copper (HGZ17 -1.18%) -0.028 (-0.94% at a 1-month low. Wednesday's closes: Dec gold +5.8 (+0.44%), Dec silver +0.055 (+0.32%), Dec copper -0.0005 (-0.02%). Metals on Wednesday settled mixed. Metals were supported by early weakness in the dollar and by short-covering ahead of the outcome of Wednesday's 2-day FOMC meeting, which happened after the close of metals trading. Copper closed lower after U.S. Aug existing home sales unexpectedly fell -1.7% to a 1-year low of 5.35 million, a sign of weaker copper demand.

GLOBAL EVENT CALENDAR09/21/2017

		Thursday, Sep 21
US	0830 ET	Weekly initial unemployment claims expected +16,000 to 300,000, previous -14,000 to 284,000. Weekly continuing claims expected +31,000 to 1.975 million, previous -7,000 to 1.944 million.
	0830 ET	Sep Philadelphia Fed business outlook index expected -1.7 to 17.2, Aug -0.6 to 18.9.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Jul FHFA house price index expected +0.4% m/m, Jun +0.1% m/m.
	1000 ET	Aug leading indicators expected +0.3%, Jul +0.3%.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Sep 26-28.
	1300 ET	Treasury auctions $11 billion 10-year TIPS.
		Friday, Sep 22
US	0600 ET	San Francisco Fed President John Williams (non-voter) speaks to media prior to taking part in a closed academic conference at the Swiss National Bank in Zurich.
	0930 ET	Kansas City Fed President Esther George delivers opening keynote speech at a conference on global oil supply and demand hosted jointly by the Kansas City and Dallas Fed titled Global Oil Supply & Demand; Prospects for Greater Balance.
	0945 ET	Preliminary-Sep Markit U.S. manufacturing PMI expected +0.2 to 53.0, Aug -0.5 to 52.8. Sep Markit U.S. services PMI expected -0.2 to 55.8, Aug +1.3 to 56.0.
	1330 ET	Dallas Fed President Robert Kaplan speaks in a moderated Q&A at a conference on global oil supply and demand hosted jointly by the Kansas City and Dallas Fed.
	1500 ET	USDA Aug Cold Storage.
	1500 ET	USDA Aug Cattle on Feed.

U.S. STOCK CALENDAR09/21/2017

Name	Ticker	Time	Description	Period	Estimate
Darden Restaurants Inc	DRI US		Annual General Meeting
NIKE Inc	NKE US	13:00	Annual General Meeting

Arista Networks - Chart of the Day

Arista Networks (ANET) is the Barchart Chart of the Day.  The cloud solutions company has a Trend Spotter buy signal, a Weighted Alpha of 123.28+ and gained 129.59% in the last year.

The Chart of the Day belongs to Arista Networks (ANET).  I found the cloud solutions stock by using Barchart to sort today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  Since the Trend Spotter signaled a buy on 8/7 the stock gained 8.07%.

Arista Networks, Inc. is engaged in providing cloud networking solutions for data center and cloud computing environments. It offers ethernet switches, pass-through cards, transceivers, cards, and enhanced operating systems, host adapter solutions and networking services. The Company serves a range of industries, including Internet companies, service providers, financial services organizations, government agencies, and media and entertainment companies. Arista Networks, Inc. is headquartered in Santa Clara, California.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 9.21% in the last month
• Relative Strength Index 71.89%
• Technical support level at 180.53
• Recently traded at 188.12 with a 50 day moving average of 176.19

Fundamental factors:

• Market Cap $13.18 billion
• P/E 52.49
• Revenue expected to grow 40.90% this year and another 24.10% next year
• Earnings estimated to increase 41.20% this year, an additional 18.00% next year and continue to compound at an annual rate of 21.00% for the next 5 years
• Wall Street analysts issued 7 strong buy, 1 buy and 9 hold recommendations on the stock

#ANET

5 Great Mid Caps

Today I wanted to find 5 Mid Cap stocks that had a high gain over the last year and continue to have current momentum.  I used Barchart to sort the S&P 400 Mid Cap Index stocks first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.  I then use the Flipchart feature to fond the chart I really like.  Today's Watch List includes:

Take-Two (TTWO), IPG Photonics (IPGP), Terex (TEX), Dana (DAN) and NVR Inc (NVR)

Take-Two (TTWO)

Barchart technical indicators:

• 134.56+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 10.33% in the last month
• Relative Strength Index 69.90%
• Technical support level at 101.06
• Recently traded at 101.55 with a 50 day moving average of 89.86

IPG Photonics (IPGP)

Barchart technical indicators:

• 124.89+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 10.59% in the last month
• Relative Strength Index 76.27%
• Technical support level at 182.71
• Recently traded at 183.50 with a 50 day moving average of 165.67

Terex (TEX)

Barchart technical indicators:

• 89.50+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving average
• 13 new highs and up 17.85% in the last month
• Relative Strength Index 76.71%
• Technical support level at 44.02
• Recently traded at 44.09 with a 50 day moving average of 39.22

Dana (DAN)

Barchart technical indicators:

• 79.77+ Weighted Alpha
• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 17.76% in the last month
• Relative Strength Index 81.50%
• Technical support level at 26.55
• Recently traded at 26.85 with a 50 day moving average of 23.98

NVR Inc (NVR)

Barchart technical indicators:

• 75.49+ Weighted Alpha
• 88% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 4.47% in the last month
• Relative Strength Index 59.96%
• Technical support level at 2804.77
• Recently traded at 2799.93 with a 50 day moving average of 2682.49

#TTWO #IPGP #TEX #DAN #NVR

Morning Call 9/20

Barchart Morning Call

Barchart.com - 1 hour ago

OVERNIGHT MARKETS AND NEWS

Dec E-mini S&Ps (ESZ17 +0.03%) this morning are unchanged ahead of the conclusion of the 2-day FOMC meeting today and expected announcement by the Fed of how and when they will reduce their balance sheet. Strength in energy stocks is limiting losses in the overall market with Nov WTI crude oil (CLX17 +1.16%) up +1.16%. Crude prices rose after data late Tuesday from the API showed U.S. crude supplies rose +1.44 million bbl last week, less than expectations of a +3.9 million bbl increase. Also, API reported that U.S. gasoline stockpiles fell -5.06 million bbl last week, more than double expectations for a -2.09 million bbl draw. Global stock markets also found support on optimism in the world economy after the OECD predicted that global 2017 GDP will climb to 3.5%, up from 3.1% in 2016. European stocks are down slightly by -0.15%, as weakness in exporters leads the overall market lower after EUR/USD climbed to a 1-week high. Asian stocks settled mixed: Japan +0.05%, Hong Kong +0.27%, China +0.27%, Taiwan -0.54%, Australia -0.08%, Singapore -0.24%, South Korea -0.01%, India -0.01%. Japan's Nikkei Stock Index eked out a new 2-year high today and found support on strength in the Japanese economy after Japan Aug exports rose a more-than-expected +18.1% y/y, the biggest increase in 3-3/4 years.

The dollar index (DXY00 -0.13%) is down -0.10%. EUR/USD (^EURUSD) is up +0.10% at a 1-week high. USD/JPY (^USDJPY) is down -0.30%.

Dec 10-year T-note prices (ZNZ17 +0.09%) are up +5 ticks.

The Organization for Economic Cooperation and Development (OECD) said that the global economy is getting stronger and more stable and predicts global 2017 GDP of 3.5%, up from 3.1% in 2016, and expanding to 3.7% in 2018, the strongest since 2011.

German Aug PPI rose +0.2% m/m and +2.6% y/y, stronger than expectations of +0.1% m/m and +2.5% y/y.

The Japan Aug trade balance shrank to a surplus of 113.6 billion yen, wider than expectations of +104.4 billion yen. Aug exports rose +18.1% y/y, stronger than expectations of +14.3% y/y and the largest increase in 3-3/4 years. Aug imports rose +15.2% y/y, stronger than expectations of +11.6% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +9.9% with purchase sub-index +10.9% and refi sub-index +8.9%), (2) Aug existing home sales (expected +0.4% to 5.46 million, Jul -1.3% to 5.44 million), (3) FOMC policy decision (no change expected to 1.00%-1.25% fed funds target range but Fed may announce the start date of its balance sheet reduction program), (4) EIA weekly Petroleum Status Report.

Notable Russell 1000 earnings reports today include: General Mills (consensus $0.77).

U.S. IPO's scheduled to price today: Oasis Mainstream Partners (OMP).

Equity conferences this week: D.A. Davidson Engineering & Construction Conference on Wed, Electronic Design Process Symposium on Thu.

OVERNIGHT U.S. STOCK MOVERS

Take-Two Interactive Software (TTWO +1.55%) was initiated as a 'Buy' at Buckingham Research Group with a 12-month target price of $120.

Activision Blizzard (ATVI +0.17%) was initiated as a 'Buy' at Buckingham Research Group with a 12-month target price of $79.

Intuit (INTU +1.07%) was recommended as a new 'Buy' at Argus Research with a price target of $165.

AAR Corp (AIR +3.17%) reported Q1 EPS from continuing operations of 31 cents, right on consensus, although Q1 sales of $439.2 million were better than consensus of $412 million

ServiceMaster Global Holdings (SERV +0.21%) was initiated a new 'Outperform' at Oppenheimer with a 12-month target price of $55.

Evolent Health (EVH -4.86%) was initiated a new 'Overweight' at KeyBanc Capital Markets with a 12-month target price of $23.

Bed Bath & Beyond (BBBY -0.99%) sank over 12% in after-hours trading after it reported Q2 EPS of 67 cents, below consensus of 95 cents as Q2 comparable sales fell -2.6%, weaker than expectations of -0.6%.

Adobe Systems (ADBE +0.53%) slid 3% in after-hours trading after it said it sees Q4 experience cloud revenue growth slowing to about 17% y/y compared with 26% y/y in Q3.

FedEx (FDX +0.43%) lost almost 2% in after-hours trading after it reported Q1 adjusted EPS of $2.51, well below consensus of $3.00, and then lowered on guidance on full-year adjusted EPS to $12.00 to $12.80 from a prior view of $13.20 to $14.00.

Analogic (ALOG -1.75%) fell 3% in after-hours trading after it reported Q4 net revenue of $111.6 million, below consensus of $115.5 million.

Cymabay Therapeutics (CBAY unch) rose almost 4% in after-hours trading after it was initiated a new 'Overweight' at Cantor Fitzgerald with a price target of $16.

Memphite Therapeutics (GEMP +5.93%) climbed 11% in after-hours trading after it said its gemcabene achieved the primary endpoint in two recently completed Phase 2b studies for the treatment of hypercholesterolemia.

Ivanka Therapeutics (IOVA +3.64%) tumbled 6% in after-hours trading after it announced that it intends to offer $50 million of its common stock.

CSci Therapeutics (KOOL +4.31%) surged 16% in after-hours trading after it said its full-year profit margin was 40% versus 23% y/y.

MARKET COMMENTS

Dec S&P 500 E-mini stock futures (ESZ17 +0.03%) this morning are unch. Tuesday's closes: S&P 500 +0.11%, Dow Jones +0.18%, Nasdaq +0.17%. The S&P 500 on Tuesday closed higher on reduced market anxiety after the VIX volatility index dropped to a 6-week low. Stocks were boosted by the unexpected +5.7% increase in U.S. Aug building permits, a proxy of future home construction, to a 2-year high of 1.3 million units, stronger than expectations of -0.8% to 1.22 million. Stocks were undercut by long liquidation pressures ahead of the results of the 2-day FOMC meeting on Wednesday where the Fed is expected to announce the start date for its balance sheet reduction program.

Dec 10-year T-note prices (ZNZ17 +0.09%) this morning are up +5 ticks. Tuesday's closes: TYZ7 -3.00, FVZ7 -1.50. Dec 10-year T-notes on Tuesday fell to a 1-month low and closed lower on the stronger-than-expected U.S. Aug building permits report of +5.7% to a 2-year high and on reduced safe-haven demand with the higher close in stocks.

The dollar index (DXY00 -0.13%) this morning is down -0.095 (-0.10%). EUR/USD (^EURUSD) is up +0.0012 (+0.10%) at a 1-week high and USD/JPY (^USDJPY) is down -0.33 (-0.30%). Tuesday's closes: Dollar Index -0.204 (-0.22), EUR/USD +0.0040 (+0.33%), USD/JPY +0.02 (+0.02%). The dollar index on Tuesday closed lower on strength in EUR/USD which rose to a 1-week high after the German Sep ZEW economic expectations index rose by a stronger-than-expected +7.0 to 17.0. The dollar was also undercut by the U.S. Q2 current account deficit report of -$123.1 billion, which was wider than expectations of -$116.0 billion and the largest deficit in 8-1/2 years.

Nov crude oil (CLX17 +1.16%) this morning is up +58 cents (+1.16%) and Nov gasoline (RBX17 +0.35%) is +0.0081 (+0.50%). Tuesday's closes: Nov WTI crude -0.45 (-0.89%), Nov gasoline -0.0107 (-0.66%). Nov crude oil and gasoline on Tuesday closed lower on expectations that Wednesday's EIA data will show U.S. crude inventories rose +3.4 million bbl and on weakness in the crack spread, which reduces incentive for refineries to purchase crude to refine into gasoline. Crude oil prices were supported by comments from Iraqi Oil Minister Jabbar al-Luaibi who said OPEC should cut its oil output by an additional 1% to help rebalance the global oil market.

Metals prices this morning are higher with Dec gold (GCZ17 +0.58%) +8.8 (+0.67%), Dec silver (SIZ17 +0.70%) +0.151 (+0.87%) and Dec copper (HGZ17 +0.42%) +0.014 (+0.45%). Tuesday's closes: Dec gold -0.2 (-0.02%), Dec silver +0.123 (+0.72%), Dec copper +0.0005 (+0.02%). Metals on Tuesday settled mixed. Metals prices were supported by the weaker dollar and by the unexpected increase in U.S. Aug building permits to the most in 2 years, which is positive for future copper demand. Gold closed lower as a rally in stocks reduced safe-haven demand for gold.

GLOBAL EVENT CALENDAR09/20/2017

		Wednesday, Sep 20
US	0700 ET	Weekly MBA mortgage applications, previous +9.9% with purchase sub-index +10.9% and refi sub-index +8.9%.
	1000 ET	Aug existing home sales expected +0.4% to 5.46 million, Jul -1.3% to 5.44 million.
	1030 ET	EIA weekly Petroleum Status Report.
	1400 ET	FOMC announces policy decision; no change expected to 1.00%-1.25% fed funds target range but Fed may announce the start date of its balance sheet reduction program.
		Thursday, Sep 21
US	0830 ET	Weekly initial unemployment claims expected +16,000 to 300,000, previous -14,000 to 284,000. Weekly continuing claims expected +31,000 to 1.975 million, previous -7,000 to 1.944 million.
	0830 ET	Sep Philadelphia Fed business outlook index expected -1.7 to 17.2, Aug -0.6 to 18.9.
	0830 ET	USDA weekly Export Sales.
	0900 ET	Jul FHFA house price index expected +0.4% m/m, Jun +0.1% m/m.
	1000 ET	Aug leading indicators expected +0.3%, Jul +0.3%.
	1100 ET	Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Sep 26-28.
	1300 ET	Treasury auctions $11 billion 10-year TIPS.

U.S. STOCK CALENDAR09/20/2017

Name	Ticker	Time	Description	Period	Estimate
General Mills Inc	GIS US	7:00	Q1 2018 Earnings Release	Q1 18	0.765
General Mills Inc	GIS US	8:30	Q1 2018 Earnings Call	Q1 18
Pilgrim's Pride Corp	PPC US	10:30	Analyst Day
Copart Inc	CPRT US	11:00	Q4 2017 Earnings Call	Q4 17
Equifax Inc	EFX US		Investor Meeting
Equifax Inc	EFX US		Investor Meeting
Ameren Corp	AEE US		Fixed Income Meeting
First American Financial Corp	FAF US	20:00	Annual General Meeting