User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Wednesday September 3, 2008 - 16:22:23 GMT
Trade the News Staff - www.global-view.com/forex-services/TTN/

Share This Story:
| | Email

Forex Blog - US Market Update

Dow -28 S&P -5 NASDAQ -8


- Markets have been bouncing in and out of positive territory this morning as nervous investors weigh yesterday's sell-off against further declines in oil and a ray of sunshine from the unexpected strength in July factory orders (not to mention the upward revision of the June reading). Crude has slipped another $2 to around $108 thanks to continued USD strength and further reports indicating an absence of significant damage from Gustav. A flurry of reports emerged after the close yesterday and overnight regarding Lehman's ongoing negotiations with potential investors. South Korean media said that the Korea Development Bank wants to take a 25% stake in Lehman for around $4.4B, in addition to a guarantee that it could boost the stake to 49% in the future. South Korean newspaper Chosun Ilbo reported that HSBC and an unidentified Chinese bank are also among potential investors, citing a financial industry source. Meanwhile, unconfirmed reports suggested that
South Korea's Woori Finance, Hana Financial and Shinhan were not looking to invest in Lehman. The other major financial names are gaining ground, while FNM and FNM are back in positive territory after opening down more than 4%. Organic food distributor UNFI reported Q4 and guided FY09 mostly in line with estimates, and showed improved gross margins in Q4. Casino operator ISLE halved its y/y loss but still missed estimates, while noting that Gustav had not impacted its operations. SPLS+2% is up a bit after reporting in line with analysts. Despite a solid earnings report, DCI guided well under EPS estimates for FY09. GLW-7.5% cut its EPS and revenue guidance for the coming quarter. The fall off in commodity prices is hitting mining equipment names BUCY-5% and JOYG-5% (which trounced analysts' estimates in its Q3 report this morning). In pharmaceutical news, MDVN+15% signed a deal with Pfizer to co-develop and market Dimebon, receiving a $225M up-front cash payment and making itself eligible to receive milestone payments of up to $500M; MDVN has reported no revenues since going public. FRX-15% reported statistically significant results from its Phase III studies of aclidinium bromide versus a placebo in chronic obstructive pulmonary disease (COPD). A study of Elagolix in endometriosis met clinical endpoints, boosting NBIX+8%.

- US Treasury prices are holding near their highs for the session with the 10-year yield testing the 3.70% mark early, levels not seen since April. The 2-year yield is holding at the 2.25% level. Concerns of exacerbated dislocations in the credit markets continue to help provide an underlying bid in Treasuries. Early in session the 2- year swap spread widened to 100 basis points. Fed fund futures have seen nearly all possibility of a rate hike this year priced out, with Jan pricing in just a 16% chance of a 2.25% fed funds rate.

- In currencies, the USD encountered some retracement during the
New York session after exhibiting strength throughout the European morning. The Dutch Central Bank noted that rising inflation is limiting the bank's ability to maneuver and increasing the risk of further slowdowns in growth. The comments reinforced sentiment that the ECB is likely to hold rates steady at tomorrow's policy meeting as governors focus on inflation and the wage settlements that may be too large for comfort. Speaking of which, Germany's union IG Metall said that would demand a pay raise of at least 7%, a move which certainly underlines the recent hawkish sentiment out of the ECB. The euro also helped the two-year US-German interest rate spread move above 180bps. Continued heft in the greenback prompted the President of OPEC to note that crude may keep falling as the USD continues to strengthen.

- The Bank of Canada left its interest rate unchanged at 3.00%, as expected. The USD/CAD moved to session lows following the decision, testing the 1.0580 area. Dealers noted the continued stress in
South Korea as the KRW kept taking steep losses. South Korean Finance Minister Kang to insist that the government has not lost credibility on policy. In addition, investors should note that the Fed did not conduct open market operations this morning.

- Fixed income futures contracts are trading in the lower quarter of today's session range. Sept Bund +12 ticks at 114.33 and Sept Gilts +3 ticks at 109.49.

- European equities rebounded after the Euro Zone retail sales data and better
US factory orders for July but remain in negative territory. Euro Stoxx 50 -0.7% at 3,392; FTSE 100 Index - 1.3% at 5,547; CAC 40 Index -1.2% and DAX Index -0.2% at 6,509.

 

Legal disclaimer and risk disclosure

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.

 

Forex Trading News

Forex Research

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 here.

Forex News
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:
  • Actionable trading levels delivered to YOUR charts in real-time.
  • Live trading strategy sessions.
  • Market Updates with Trading Tools.

Register To Test Your Amazing Trader


Trading Ideas for 18 December 2017

Register for the Amazing Trader

1.

Amazing Trader EVENT RISK Calendar:

Mon 18 Dec
10:00 EZ- final HICP
Tue 19 Dec
09:00 DE- IFO Survey
13:30 US- Housing Starts/Permits
13:30 US- Current Account
Wed 20 Dec
15:00 US- Existing Homes Sales
15:30 US- EIA Crude
Thu 21 Dec
03:00 JP- BOJ Decision
13:30 CA- CPI & Retail Sales
13:30 US Weely Jobless
13:30 US- GDP
Fri 22 Dec
09:30 US- GB- GDP
13:30 US- core PCE Deflator & Presonal Income
15:00 US- New Homes Sales
15:00 US- final University of Michigan
17:00 US- early Closes
Mon 25 Dec
00:00 Christmas Holidays

Forex Trading Outlook


Potential Trading Opportunities

  • POTENTIAL PRICE RISK: Medium Mon--10:00 GMT-- EZ- final November HICP. flash data are rarely changed.


  • POTENTIAL PRICE RISK: HIGH- Medium Tue --09:00 GMT-- DE- IFO Survey. Key report but usually not a market-mover
  • POTENTIAL PRICE RISK: HIGH- Medium- Tue --13:30 GMT-- US- Housing Starts and Permits. Leading indicators of activity

  • POTENTIAL PRICE RISK: HIGH-Medium- Wed --15:00-- US- Existing Homes Sales. Top Housing statistic
  • POTENTIAL PRICE RISK: Medium- Wed --15:30-- US- EIA Crude

John M. Bland, MBA
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..

pic

Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

 
Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map


Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog

Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.

 

WARNING: FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT IN LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS, THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105