- Trading in US equity indices is volatile this morning but all three of the
leading indices remain well into positive territory. Front-month crude had been
up more than $2 after Russia promised to follow any OPEC production
cuts with cuts of their own, but energy prices have since made a move to the
downside after weekly petroleum inventory data. The Baltic Dry Bulk index moved
higher for the third straight session, raising a glimmer of hope among traders
that many of the dry bulk carrier stocks may have reached an attractive level.
Feb gold futures as trading up substantially back above $800 for the first time
since the first day of the month. Treasury futures are seeing some selling in
the wake of strong stock markets but yields continue to struggle in finding any
- Oppenheimer's Meredith Whitney reiterated her cautious view for the banking
industry before the open, and that has led to some relative weakness in the
early going. Whitney again suggested that large banks are facing trouble for at
least the next 18 to 36 months and will need to raise more capital, noting that
she believes consumers will be the next "shoe to drop" in the
financial crisis as credit lines get pulled. In 2009 to 2010 she sees banks
pulling some $2T in credit lines. Wells Fargo is also lagging after Merrill
Lynch cut WFC to neutral. Overnight the Wall Street Journal reported that AIG
may owe some Wall Street firms $10B related to "speculative trades,"
noting that this amount is not covered by AIG's rescue agreement with the Fed.
The debts stem from bets on derivatives linked to subprime mortgages and
commercial real estate bonds. AIG later claimed that the Journal's revelations
are ‚Äúnot new.‚ÄĚ
- Another morning, another round of falling guidance and corporate
restructuring. Before the open mining major Rio Tinto said it would cut 14K
jobs, or about 30% of its workforce and reduce 2009 CAPEX to $4B (from $9B) to
help it deal with the commodities slump. RTP hopes to reduce its net debt by
$10B by end of next year, and is planning to divest ‚Äúsignificant assets.‚ÄĚ
Yesterday evening Electronic Arts said its 2009 results would be below its
prior guidance and announced layoffs, giving the lie to the old adage that
videogames are recession proof. According to ERTS, the revised outlook is
primarily the result of lower-than-expected sales in North America and Europe. No fewer than eight firms cut targets
or lowered outlook on the game maker overnight. Praxair also cut its outlook on
the coming quarter last night and announced job cuts. Seagate lowers its
revenue guidance for next quarter, noting it is accelerating plans to lower
production capacity. A.O. Smith cut its full-year earnings guidance due to
sluggish demand. Actuant slashed its Q1 and FY09 earnings and revenue views,
noting it would likely cut production and jobs. In another sign of plunging
international trade, DryShips cancelled a $400M purchase of four panamax
- In currencies, the European pairs were broadly firmer against the USD in the New York morning, with the USD tone hampered by
technical and fundamental factors, including renewed commodity strength.
Dealers noted their surprise that the market did not react more energetically
to China's first drop in exports in seven years.
EUR/USD was probing above the 1.30 handle - dealers noted that euro buy stops
are building above the 1.3050 area. FX chartists noting some favorable chart
patterns above 1.3050 area that suggest a measured move towards the 1.34
neighborhood. Several FX analysts said that the repatriation in USD may be
coming to end and that there could be a trend to the upside for EUR against USD
and JPY. The German Economy Ministry stated it has no immediate plans to change
the government GDP forecast, reiterating that it expects German GDP growth of
0.2% in 2009. In other currency news, the BoE's Blanchflower said that he would
leave the MPC in May when his term expires. Blanchflower is the most dovish
member on the MPC.
- European equity markets are in positive territories. Euro-Stoxx 50 +0.6% at
2,497; FTSE 100 Index +0.1% at 4,384; CAC 40 Index +0.8% at3,325 and DAX Index
+1.0% at 4, 828. March Bunds +1 tick at 122.17 and March Gilts futures +3 ticks
at 118. 32.
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
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
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.
Mon 26 Feb 2018 A 15:00 US- New Homes Sales Tue 27 Feb 2018 A 08:55 DE- Jobless B 13:30 US- Durable Goods A 15:00 US- CB Consumer Confidence A 15:00 US- Pending Homes Sales AA 15:00 US- Powell House Testimony Wed 28 Feb 2018 A 10:00 EZ- flash HICP AA 13:30 US- GDP A 15:30 US- EIA Crude Thu 1 Mar 2018 A All Day final Mfg PMIs A 13:30 US- Weekly Jobless AA 13:30 US- Core PCE Deflator AA 15:00 US- Powell Senate Testimony A 15:30 US- EIA Crude Fri 2 Mar 2018 AA 15:00 US- final Univ of Mich
John M. Bland, MBA co-founding Partner, Global-View.com
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
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.
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.
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 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.
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 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.
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.
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.