Forex News Blog
Back to The Headlines
Share This Story
U.S Market Update Dow -17 S&P -6.7 NASDAQ -3.3
- U.S. equity markets muddle in
negative territory to begin the week. UAPH +27% and COHT +50% are surging
after receiving takeover offers. ATVI has added more than 15% after it was
announced that Vivendi has taken a majority stake in the Co. at $27.50.
ERTS -1.6% THQI +2.7% TTWO +5.8% Veriphone has given back nearly 50% after
it restated 2007 financials. Treasury Sec. Paulson confirmed he expects to
release formal details of a mortgage relief plan by the end of the week.
Financials and mortgage stocks had little reaction and remain under some
pressure. XLF -1% CFC -6% FNM -6% FRE -6% MBI -6.5% U.S. Treasuries are
near session highs as the 2-year yield has plunged through 2.9% on
continued flight to safety trades. Jan crude has been lower by close to 1%
throughout the session to trade below $88. March copper has given back
nearly 3%, nearly all of Friday's gains.
- In currencies, the
credit market concerns continue to influence the currency flows. In early
Europe, press speculation noted that UK lending was practically "grinding
to a halt" citing that the volume of market loans in the banking system
plunged from Â£640B at the onset of the credit crunch in August to Â£249B by
the end of September. Also fueling concerns was speculation that RBS's
subprime related write-down (including ABN's wholesale business) could
total between GBP1.6B-GBP1.9B. LIBOR fixing rates remained at elevated
levels. French Auto makers Renault noted that it was postponing their
Samurai bond issue, citing current market conditions. Perhaps one positive
note emerge regarding fixed-income when Berkshire Hathaway was cited to
purchase $2.1B of TXU junk bonds from Goldman Sachs. Fed's Rosengren noted
that the US foreclosure crisis will get worse before it improves while the
EU's Juncker noted tht ECB faces a dilemma as inflationary expectations are
increasing while prospects that economic growth is slowing. The German Fin
Min stated that he was not concerned about inflation. He went on to say the
EUR/USD exchange rate is a risk to growth along with oil. The USD focus is
centered on the upcoming OPEC meeting in which any discussion that the Mid-
East countries would depeg from the USD. EUR/USD retested the 1.4925 lows
seen on Friday assisted by the selling of carry-related crosses weighed
down upon the European components of JPY crosses. EUR/JPY hold its hourly
congestion pint of 161.50. European Fixed income futures were in positive
territory through the trading session. Dec Gikts up 41 ticks at 109.98; Dec
Bunds up 37 at 114.75 FTSE lower by 0.6% to 6,398; CAC off 0.5% at 5643;
DAX lower by 0.2% at 7,856
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 16 October 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Mon 16 Oct /ul>
01:30 CN- CPI
21:45 NZ- CPI
Tue 17 Oct
08:30 GB- CPI
09:00 DE- ZEW Survey
09:00 EZ- Final HICP
Wed 18 Oct
12:30 US- Housing Starts & Permits
14:30 US- EIA Crude
Thu 19 Oct
01:30 AU- Employment
08:30 GB- Retail Sales
12:30 US- Weekly Jobless
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales
John M. Bland, MBA
- POTENTIAL PRICE RISK: HIGH Tue-- 08:30 GMT GB- CPI top tier confirmation of Inflation.
- POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT DE- ZEW Survey second most important German monthly Survey.
- POTENTIAL PRICE RISK: Medium Tue-- 09:00 GMT EZ- final HICP revision to flash report. Revisions are usually minor.
- POTENTIAL PRICE RISK: Medium Tue-- 13:15 GMT US- Industrial Production. Top output indicator.
- POTENTIAL PRICE RISK: Medium Wed-- 12:30 GMT US- Housing Starts and Permits revision to flash report. Useful housing leading indicator.
- POTENTIAL PRICE RISK: Medium Wed-- 14:30 GMT US- EIA Crude. Top WTI inventory measure.
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
TRADER ADVOCACY ARTICLES
Trader's Advocate Articles..