Forex News Blog
Back to The Headlines
Share This Story
Forex Blog - U.S. Market Update Dow -7
S&P +1 Nasdaq +11
- Markets opened higher this morning,
seeming to recover slightly from yesterday's late sell-off after the
Commerce Department reported April inflation was in-line with estimates.
Prices Paid data from Chicago PMI was in the higher range, yet markets
shrugged off PMI in the aggregate. Crude futures fell below $125 in early
trading, providing further good news for equities. In the late morning
crude recovered about $127.50 pushing equities lower in tandem. Tech names
helped lead markets marginally higher, as DELL+8.7% and MRVL+22.8% were
rallying after beating estimates in earnings reports and multiple broker
upgrades after the close yesterday. KNTA+61% after Blackbaud announced its
intention to acquire the software developer. SIGM-16.2% was one exception
in tech, as the company took a hit after guiding lower and getting
downgraded at a number of brokers overnight. Solar names ESLR+4.3%, FSLR+8.
7%, SPWR+8% and JASO+13% were recovering losses from yesterday after
reports that the German government would not cut solar power subsidies as
much as anticipated. Shares of UAUA and LCC reacted strongly in pre-market
trading after the New York Times reported that the merger talks between the
airlines had collapsed. UAUA climbed back into positive territory in early
trading after the company's CEO said he would not rule out a merger in the
future and noted the airline was close to a deal to bring CAL into its Star
Alliance. CIT-5% after Moody's cut the name's senior unsecured credit
rating last night; the news helped keep financials under pressure, along
with a report out of the Mortgage Insurance Companies of America noting
that mortgage defaults rose in April. Retail earnings reports were mixed:
TIF+4% after beating estimates and boosting its FY08 guidance this morning,
while JCG-20% after guiding below estimates for the coming quarter and the
- EUR/USD was holding steady near the 1.5530 level as it
consolidated recent gains from the decline in both oil and metal prices.
For the moment the dollar is decoupling from the spread between the US-
German two-year notes, which has widened -174bps area from -154bps seen on
Thursday. Weaker CAD GDP data help push USD/CAD higher towards parity
before its retraced towards the 0.9950 area. June Bunds +42 ticks at 112.02;
June Gilts +46 ticks at 106.09. Euro Stoxx 50 +1% at 3,789; FTSE 100 Index
+0.6% at 6,100; CAC 40 Index +1% at 5,027: DAX +0.9% at 7,120.
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 20 October 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Fri 20 Oct
12:30 CA- Retail Sales & CPI
14:00 US- Existing Homes Sales
Tue 24 Oct
All Day flash PMIs
Wed 25 Oct
01:30 AU- CPI
08:00 DE- IFO Survey
08:30 GB- GDP
14:00 CA- BOC Decision
14:30 US- EIA Crude
Thu 26 Oct
11:45 EZ- ECB Decision
12:30 US- Weekly Jobless
14:00 US- Pending Homes Sales
Fri 27 Oct
12:30 US- GDP
14:00 US- final Univ of Michigan
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: High Fri-- 12:30 GMT CA- Retail Sales and CPI. Top economic indicators.
- POTENTIAL PRICE RISK: HIGH Fri-- 14:00 GMT US- Existing Homes Sales. Top Housing statistic.
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..